32202
Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin and stablecoins for sophisticated investors Salvadoran Government Presents Bill to Allow Private […]
https://news.bitcoin.com/salvadoran-government-introduces-bitcoin-banking-law-reform/
Openai, the artificial intelligence (AI) company, is considering shifting to a for-profit model, according to The Information. Sam Altman, CEO of the company, is said to be contemplating this decision and taking Openai’s non-profit board out of the picture, given that it would not have control over this new venture. The shift might spur an […]
https://news.bitcoin.com/openai-reportedly-mulling-for-profit-shift/
Members of the Biden administration are reportedly convening for a bitcoin and blockchain roundtable with American entrepreneur and “Shark Tank” star Mark Cuban. This news comes after presidential candidate Donald Trump vowed to “end Joe Biden’s War on Crypto.” Reported Crypto Roundtable With Biden Administration Scheduled for July The former 45th U.S. President, Donald Trump, […]
https://news.bitcoin.com/report-says-biden-administration-mark-cuban-and-ro-khanna-set-for-critical-crypto-roundtable/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for all its customers, and Worldcoin decided to establish a hub in Argentina. Paraguayan Minister Unveils Future Economic Strategy Centered […]
https://news.bitcoin.com/latam-insights-paraguay-unveils-bitcoin-mining-centric-development-strategy-itau-unibanco-rolls-crypto-trading-for-all-customers/
The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions. SEC’s CAT Sparks Privacy Concerns and Legal Challenges Recent developments, such as the SEC implementation of the Consolidated […]
https://news.bitcoin.com/experts-warn-secs-consolidated-audit-trail-is-unconstitutional/
According to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty […]
https://news.bitcoin.com/tech-entrepreneur-suggests-mainstream-companies-may-have-adopted-nft-loyalty-programs-prematurely/
In a significant move towards embracing digital assets, Turkish bank Garanti BBVA has launched a crypto wallet and trading platform, “Garanti BBVA Crypto”. This platform allows customers to trade and store BTC, ETH, and USD Coin (USDC) seamlessly via the bank’s mobile app. The bank is also set to introduce the Bonus Platinum Biometric Card […]
https://news.bitcoin.com/turkish-bank-garanti-bbva-embraces-digital-assets-with-new-crypto-wallet-and-trading-platform/
India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […]
https://news.bitcoin.com/indian-authority-cracks-down-on-highrich-onlines-crypto-operations/
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy bitcoin despite the cryptocurrency’s high prices. “I become frustrated encouraging people to buy bitcoin. I receive so many lame excuses,” he said, emphasizing that although the current price is high, it is not as high as it will be in the future. ‘I […]
https://news.bitcoin.com/robert-kiyosaki-frustrated-by-lame-excuses-to-avoid-buying-bitcoin-foresees-significant-price-rise/
Dormant Bitcoin Whale Awakens: $66 Million BTC Transfer After 8 Years
On June 15, 2024, at bitcoin block height 848,067, a significant transfer of 1,004.78 BTC, valued at $66.19 million, was executed by a large BTC whale for the first time since Apr. 3, 2016. These bitcoins remained dormant for 2,995 days, equating to eight years and two months.
Read More Here 👉👉👉 https://x.com/BTCTN/status/1802083679717454299
US Bitcoin ETFs Face Continued Outflows, Fidelity's FBTC Leads With $80M Exit
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net outflows as $190.08 million exited several funds. Fidelity’s FBTC led the outflows, with $80 million leaving the ETF. — Read More Here 👉👉👉 https://x.com/BTCTN/status/1802064138094498227
Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC […]
https://news.bitcoin.com/bloomberg-analyst-now-expects-spot-ethereum-etfs-to-launch-on-july-2/
Non-fungible token (NFT) sales increased by 10.95% this week compared to the previous week, marking the second consecutive week of gains. Despite a 76.7% drop in the number of buyers, blockchain-issued digital collectibles achieved $141.73 million in sales. NFT Market Trends: Bitcoin and Ethereum Lead Sales Volume In the previous week, NFT sales had risen […]
https://news.bitcoin.com/nft-market-sees-gains-for-second-consecutive-week-sales-up-10-95/
While bitcoin and the broader cryptocurrency market experienced declines over the past three days, The Open Network’s toncoin (TON) hit an all-time high on Saturday morning, reaching $8.25 per unit. TON has climbed into the top ten rankings with a current market valuation close to $20 billion. TON Defies Crypto Market Slump, Reaches New Peak […]
https://news.bitcoin.com/despite-crypto-market-downturn-ton-achieves-all-time-high/
Following the BCH Bliss conference, a focal event for Bitcoin Cash enthusiasts held May 14-15 in Ljubljana, Slovenia, Jonathan Silverblood introduced a Bitcoin Cash Podcast on X, featuring a collection of tracks from the event. This gathering also celebrated the “Jessica” upgrade, which launched the network’s innovative adaptive block size limit. BCH Bliss 2024: A […]
https://news.bitcoin.com/innovative-block-size-upgrade-takes-spotlight-at-bitcoin-cash-bliss-conference/
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was […]
https://news.bitcoin.com/paxos-lays-off-65-employees-following-yield-bearing-stablecoin-launch/
This week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent company of T-Mobile, also shared plans to mine bitcoin. BTC Prague Conference: T-Mobile Owner Operates a Bitcoin Node, Plans to Mine the […]
https://news.bitcoin.com/t-mobile-owner-deutsche-telekom-unveils-bitcoin-and-lightning-network-node-operations/
A report has found that JPMorgan Chase Bank accounted for a substantial 18% share, or $11.7 billion, of the total $64.2 billion net income reported by all FDIC-insured banks for the first quarter of 2024. This data, highlighted by financial reporters Pam Martens and Russ Martens from wallstreetonparade.com, underscores the increasing concentration of profits within […]
https://news.bitcoin.com/jpmorgan-chase-captures-18-of-us-bank-profits-highlighting-growing-market-dominance/
Former U.S. President Donald Trump expressed support for the bitcoin mining industry, advocating for producing the remaining bitcoin in the U.S. to enhance national energy dominance. Vietnam sees increased interest in gold bullion purchases due to favorable prices at state-owned banks. New York Attorney General Letitia James takes legal action against crypto pyramid schemes targeting […]
https://news.bitcoin.com/trump-champions-bitcoin-mining-vietnamese-increase-gold-buying-and-more-week-in-review/
Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitcoin Ordinals? In simple terms, Bitcoin Ordinals are digital collectibles created by […]
https://news.bitcoin.com/an-introduction-to-bitcoin-ordinals/
In a series of recent social media posts, American professional boxer Ryan Garcia hinted at the creation of his own meme coin. “Whatever coin I create I will go hard asf,” Garcia stated in one post, indicating his commitment to the project. In a subsequent post, he added, “When I drop this meme coin, it’s […]
https://news.bitcoin.com/boxing-sensation-ryan-garcia-teases-the-launch-of-his-own-meme-coin/
Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel, was executed across 10 locations in the Klang Valley. This region encompasses the federal territories of Kuala Lumpur […]
https://news.bitcoin.com/malaysia-launches-special-operation-to-crack-down-on-crypto-tax-evasion/
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […]
https://news.bitcoin.com/sec-now-demands-102-6-million-penalty-from-ripple-in-xrp-case/
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they provide diversification and relatively attractive yields, and because they have become increasingly easy to […]
https://news.bitcoin.com/imf-data-shows-decline-in-us-dollar-dominance/
The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own risk. The Commission will continue to monitor the ecosystem and will exercise its authority if […]
https://news.bitcoin.com/nigerian-regulator-warns-against-investing-in-meme-coin-linked-to-davido/
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include […]
https://news.bitcoin.com/cbdc-interest-climbs-steadily-over-five-years-google-trends-data-shows/
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […]
https://news.bitcoin.com/new-york-recovers-50-million-from-gemini-bans-the-exchange-from-crypto-lending-in-the-state/
Gazzy Garcia, also known as Lil Pump, his professional rapper name, surprised his over 15 million followers on Instagram and X by posting pictures showing two new Solana-themed tattoos. The first featured the stylized name of the Solana blockchain on his forehead, while the second depicted the logo of one of the most popular Solana […]
https://news.bitcoin.com/rapper-lil-pump-gets-dual-solana-themed-tattoos/
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […]
https://news.bitcoin.com/crypto-friendly-evolve-bank-under-scrutiny-cease-and-desist-order-issued/
The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […]
https://news.bitcoin.com/nicehash-partners-with-marathon-to-launch-custom-firmware-for-asic-bitcoin-miners/