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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
PRESS RELEASE. One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU. The platform includes two core services – cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and […]
https://news.bitcoin.com/electrocoin-launches-its-new-cryptocurrency-exchange-platform-electrocoin-trade/
A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […]
https://news.bitcoin.com/56-of-fortune-500-firms-pursue-crypto-and-blockchain-projects-says-coinbase/
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […]
https://news.bitcoin.com/bis-survey-94-of-central-banks-exploring-digital-currency/
Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate” […]
https://news.bitcoin.com/bitwise-ceo-bitcoin-should-move-on-from-digital-gold-narrative-as-it-reaches-mainstream-adoption/
Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s complete discharge of the executives from the cases. Binance Appoints Local Representative On June 14, […]
https://news.bitcoin.com/nigeria-drops-tax-evasion-charges-against-binance-executives/
Worldcoin, the biometric identification project, has announced a new expansion process in Argentina, where it reportedly will seek to open 50 new locations with eye-scanning hardware. The announcement comes after Buenos Aires indicted Tools For Humanity, the company behind Worldcoin, for including abusive clauses in its service agreements, and a meeting between Worldcoin executives with […]
https://news.bitcoin.com/worldcoin-to-establish-latam-hub-in-argentina-despite-heavy-scrutiny/
Bitcoin Plummets to $64.9K, Triggers $171M in Crypto Liquidations
On Friday, the price of bitcoin (BTC) experienced a significant drop, hitting an intraday low of $64,936. It has since recovered slightly and is now hovering above the $65,400 mark. Read More Here 👉👉👉 https://x.com/BTCTN/status/1801694925483852043
On June 13, an unidentified hacker minted one billion HLG tokens by exploiting vulnerabilities in the Holograph operator smart contract. The Holograph team has patched the initial exploit and is collaborating with exchange partners to freeze the affected accounts. A decentralized finance researcher suspects a rogue developer orchestrated the attack. Holograph Contemplates Engaging Law Enforcement […]
https://news.bitcoin.com/holograph-compromised-hlg-value-plummets-as-hacker-illegally-mints-1-billion-tokens/
While gold reached a record high in May at $2,450 per ounce, it has since settled at $2,329 per ounce. According to the World Gold Council, China’s demand for gold fell in May to its lowest level in four years. Gold Prices Down from Record High, China Physical Consumption Slumps, Analyst Expects Slight Decline Gold […]
https://news.bitcoin.com/chinas-reduced-physical-gold-demand-cools-prices-after-may-peak/
The meme coin market is in a tailspin, with prices crashing across the board. However, one project is bucking the trend. PlayDoge (PLAY), the nostalgic gaming token, has now raised over $4.2 million in its ongoing presale as retail investors pile in. Meme Coin Mania Cools as Market Turns Red It’s been a gloomy week […]
https://news.bitcoin.com/meme-coin-prices-crash-but-traders-are-backing-playdoge-as-presale-raises-4-2m/
According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05 billion worth of BTC has […]
https://news.bitcoin.com/investors-pull-nearly-11-billion-in-btc-and-eth-from-major-exchanges-in-30-days/
Bitcoin’s price on June 14, 2024, stands at $67,046, with intraday prices ranging from $66,425 to $68,506. The leading crypto asset’s market capitalization is $1.31 trillion, and the 24-hour trading volume is $23.92 billion. Technical analysis across multiple time frames indicates a prevailing downtrend, highlighting critical support and resistance levels for traders. Bitcoin Bitcoin’s hourly […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-downward-pressure-amid-market-uncertainty/
Mark the calendars, as this Sunday is poker night. Bitcoin.com is pleased to announce an exclusive, free-to-enter poker tournament for its readers, featuring a total prize pool of $10,000 (paid out in USDT). To gain entry, use the password: BITCOIN2024!. This huge crypto giveaway takes place on CoinPoker, at 7pm GMT on June 16th. How […]
https://news.bitcoin.com/bitcoin-com-to-host-10k-crypto-giveaway-in-coinpoker-freeroll-tournament/
On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect on June 13th and affected FX, precious metals, […]
https://news.bitcoin.com/moscow-exchange-stops-trading-in-dollar-and-euro-due-to-us-sanctions/
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in […]
https://news.bitcoin.com/permissionless-restaking-protocol-symbiotic-launches-raising-5-8-million-in-seed-round/
In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]
https://news.bitcoin.com/chinese-gang-arrested-for-exploiting-digital-yuan/
Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price […]
https://news.bitcoin.com/analysts-predict-btc-hitting-200000-next-year-and-1-million-by-2033-we-believe-bitcoin-is-in-a-new-bull-cycle/
Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes […]
https://news.bitcoin.com/stand-with-crypto-publishes-manifesto-to-make-uk-a-leader-in-digital-assets/
Felix Ulloa, Vice-President of El Salvador, stated that the government has considered de-dollarizing the country and returning to its national currency, the colon. However, he said that it would be too costly. For Ulloa, bitcoin presents an opportunity to liberate the country from central banks and fiat currency. El Salvador’s Vice-President Felix Ulloa: Bitcoin Offers […]
https://news.bitcoin.com/el-salvador-bitcoin-liberalize-fiat-currencies/
Keith Gill, also known by his alias ‘Roaring Kitty,’ has significantly increased his investment in Gamestop, now holding nine million shares, which positions him as the fourth largest shareholder. His portfolio value has risen to around $268 million after he strategically exercised call options to acquire additional shares at $20 each. Gamestop’s share price fluctuated, […]
https://news.bitcoin.com/keith-gill-boosts-gamestop-stake-becomes-fourth-largest-shareholder/
Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike Lee Following the lead of House Representative Thomas Massie […]
https://news.bitcoin.com/utah-senator-seeks-to-abolish-federal-reserve/
Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal Reserve’s hawkish dot plot forecast and subsequent comments by Chair Jerome Powell led […]
https://news.bitcoin.com/ryze-labs-weighs-in-feds-stance-on-interest-rates-and-its-impact-on-market-dynamics/
ONI DEX, a trailblazing decentralized exchange, is proud to announce its launch on multiple blockchains, including GALA Chain, Binance Smart Chain (BSC), and Ethereum. The platform aims to revolutionize the DeFi space by offering a comprehensive ecosystem that includes launchpads, unique earning opportunities, and a dedicated gaming category. Multi-Chain Support and GALA Chain Debut ONI […]
https://news.bitcoin.com/oni-dex-debuts-multi-chain-ecosystem-launchpads-and-innovative-earning-mechanisms/
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline on Thursday, with $226.21 million in outflows recorded during the trading sessions. Fidelity’s FBTC saw the largest outflows, with $106 million exiting the fund. Massive Outflows Strike U.S. Bitcoin ETFs On Wednesday, the 11 spot bitcoin ETFs attracted $100.8 million, but on Thursday, they faced net […]
https://news.bitcoin.com/us-bitcoin-etfs-record-226m-in-outflows-fidelity-led-the-pack-with-106m-exiting/
U.S. presidential candidate and former 45th President Donald Trump has been proposing the idea of eliminating the country’s income tax and substituting it with tariffs. Trump Discusses Tariff-Based Revenue System With Republican Lawmakers On June 13, Donald Trump met with Republican lawmakers in Washington and reportedly discussed abolishing income tax. According to sources from several […]
https://news.bitcoin.com/donald-trump-proposes-elimination-of-us-income-tax-introduction-of-tariffs/
The Orissa High Court in India has declared that cryptocurrency dealings are not illegal under the current Indian laws, ruling that cryptocurrencies do not fall under the definitions of money or deposits in relevant acts 🚀
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The Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore in April 2024. Ghana’s CBDC to Streamline Cross-Border Trade The Bank of […]
https://news.bitcoin.com/ghana-central-bank-partners-with-singapore-regulator-to-demonstrate-use-of-digital-credentials-in-global-trade/
The South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees More Crypto Transactions in […]
https://news.bitcoin.com/south-african-retailer-accepting-btc-sees-significant-increase-in-monthly-crypto-transactions/
The Central Bank of Kenya is amending the country’s payment systems law, which will allow it to issue operating licenses to fintech startups. Governor Kamau Thugge said he expects the bank to complete the process of amending the law soon. Central Bank Aims to Support Fintech Startups The Central Bank of Kenya (CBK) will soon […]
https://news.bitcoin.com/kenyan-central-bank-to-issue-licenses-to-fintech-firms/
Binance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other […]
https://news.bitcoin.com/binance-ceo-sees-2024-as-a-landmark-year-for-crypto/