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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase bitcoin (BTC) and ether (ETH), a feature previously available to selected users. Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for […]
https://news.bitcoin.com/largest-bank-in-brazil-itau-unibanco-opens-cryptocurrency-trading-to-all-users/
The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it had shut down the affected systems to contain the damage and assured users that their funds remained secure. Lykke Faces Accusations of Delayed Breach Confirmation […]
https://news.bitcoin.com/crypto-exchange-lykke-confirms-platform-breach-reports-theft-of-assets-valued-at-22-million/
Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems. Polygon Community Treasury to Release $1B in Grants Over the […]
https://news.bitcoin.com/polygon-unveils-1-billion-grant-program-to-foster-blockchain-development-over-next-decade/
The meme coin sector has exploded to a staggering $60 billion market capitalization, reshaping the digital asset landscape and outperforming traditional crypto assets. Researchers Tanay Ved and Matías Andrade from Coinmetrics provide insights into the implications of this trend on networks like Ethereum and Solana. The Cultural Impact of Meme Coins on Crypto According to […]
https://news.bitcoin.com/coinmetrics-meme-coins-reshape-crypto-landscape-despite-centralized-token-holdings/
Sealana (SEAL), one of the most talked-about Solana presale tokens, has passed the $4 million funding milestone. And as the countdown begins for its highly anticipated DEX listing, investors are scrambling to buy SEAL tokens at a discount while they can. Sealana Presale Raises $4M & Enters Final Stretch Sealana is bringing a dose of […]
https://news.bitcoin.com/solana-meme-coin-seal-passes-4m-in-presale-last-chance-before-dex-listings/
According to statistics, 115,773 tokens were issued on the Solana blockchain, and 30-day metrics show that more than half a million tokens, specifically 549,386, were minted. Solana Blockchain Mints Over Half a Million Tokens in 30 Days Solana has recently been a major source of new tokens, surpassing every other blockchain in monthly token issuance. […]
https://news.bitcoin.com/meme-coin-craze-drives-solanas-token-issuance-to-new-heights/
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others 💔
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In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government. Tigran Gambaryan Detained on Allegations of Contributing to Naira Depreciation […]
https://news.bitcoin.com/nigerian-minister-binance-fails-to-pay-taxes-on-over-20-billion-turnover/
Uniswap Labs has announced the acquisition of Crypto: The Game (CTG), an onchain experience mimicking mainstream TV shows like Survivor with a crypto element. The experience involves the participation of several contestants in a series of challenges to gain immunity and avoid being voted out. With the acquisition, completed for an undisclosed amount, CTG’s team […]
https://news.bitcoin.com/uniswap-labs-acquires-onchain-survival-experience-crypto-the-game/
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have signed a digital assets Memorandum of Understanding (MOU). This MOU establishes a framework for collaboration between the two regulatory authorities to support the creation and effective supervision of digital assets entities across their jurisdictions. It […]
https://news.bitcoin.com/abu-dhabi-regulator-adgm-signs-digital-assets-mou-with-bermuda-monetary-authority/
The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine production rose by only 0.5%, following 1.35% in 2022 and 2.7% in 2021, with a decline of […]
https://news.bitcoin.com/gold-production-struggles-despite-2024-q1-surge/
HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following […]
https://news.bitcoin.com/hsbc-china-introduces-digital-yuan-services-for-corporate-clients/
Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth […]
https://news.bitcoin.com/modi-reappoints-nirmala-sitharaman-as-indias-finance-minister-investors-remain-concerned-over-high-crypto-taxes/
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing […]
https://news.bitcoin.com/russia-set-to-recognize-bitcoin-mining-as-economic-activity/
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase […]
https://news.bitcoin.com/mexican-billionaire-ricardo-salinas-doubles-down-on-bitcoin-advises-using-it-as-inflation-hedge/
Floki Name Service, a decentralized domain name service by the popular meme coin, is now live exclusively on the BNB Chain mainnet. This service allows users to create a unique .floki domain name, which can be used as an on-chain identity and for other purposes such as launching a decentralized website, blog, or résumé. Built […]
https://news.bitcoin.com/floki-name-service-is-live-on-bnb-chain/
On Tuesday, Donald Trump Jr. shared an opinion article on the social media platform X and declared that his father Donald Trump is “the best choice for bitcoin.” Trump Jr. Endorses Father as Prime Candidate for Bitcoin, Highlights Bitcoin Magazine Editorial The eldest child of former U.S. President Donald Trump and his first wife Ivana […]
https://news.bitcoin.com/donald-trump-jr-advocates-for-father-as-leading-bitcoin-proponent/
PRESS RELEASE. Geneva, Switzerland, June 11, 2024 – With HackaTRON Season 6 coming to a close, the TRON DAO team, alongside HTX DAO, BitTorrent Chain (BTTC), and JustLend DAO hosted a series of innovations that has taken the blockchain landscape by storm. This season, participants redefined the digital landscape across multiple tracks. Web3, DeFi, Artistry, […]
https://news.bitcoin.com/tron-dao-announces-hackatron-season-6-qualifiers/
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling for immediate rate cuts to stabilize the economy. Senators […]
https://news.bitcoin.com/us-senators-urge-federal-reserve-to-cut-interest-rates-warn-fed-policy-threatens-economy-risks-recession/
On Tuesday, the price of bitcoin (BTC) fell to an intraday low of $66,696 per unit, marking a 3.3% decrease over the last 24 hours. This decline resulted in the liquidation of $170.25 million in long derivatives positions, with $50.87 million of this amount comprised of BTC long positions. Bitcoin Shudders Below $67,000 The global […]
https://news.bitcoin.com/bitcoin-falls-below-67k-more-than-75k-traders-liquidated-amid-market-decline/
PRESS RELEASE. Date: 18th June, 2024 Time: 13:00 UTC Location: Online Bitcoin BuildCon by Fibration Network is back with a new entry. This time, the event is focused on bringing together the fragmented Bitcoin community, connecting key BTC players in the US and Asia, and finding out what the industry needs today. Bitcoin BuildCon is […]
https://news.bitcoin.com/join-bitcoin-buildcon-problems-to-be-solved-next-week-for-unique-insights-on-development-in-bitcoin/
According to a bet on Polymarket, a decentralized predictions platform powered by Polygon, there’s a wager on whether current U.S. President Joe Biden will exit the 2024 election race. Currently, the likelihood of Biden stepping down has grown over the past few months to a 24% probability, as indicated by Polymarket bettors. Political Futures in […]
https://news.bitcoin.com/betting-odds-odds-suggest-24-chance-joe-biden-will-exit-2024-election-race/
In a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection […]
https://news.bitcoin.com/bitcoin-coms-verse-voyager-nft-collection-sells-out/
Solana has recommended validators in the network upgrade to the latest Mainnet Beta 1.18.15, which includes several fixes to address network performance and stability. The release includes a central scheduler functionality that can be turned on optionally, focused on solving performance issues identified when there is network congestion. According to Solana Beach, a validator statistics […]
https://news.bitcoin.com/solana-launches-mainnet-beta-v1-18-15-upgrade-to-address-network-stability/
At least 14% of New Zealanders surveyed said they have owned cryptocurrency or held digital assets in the past. The findings categorize New Zealanders as early adopters, indicating they were quick to recognize the potential of cryptocurrency. Survey data reveal that only 16% of respondents would invest in real estate, compared to 60% who plan […]
https://news.bitcoin.com/study-14-of-early-adopter-kiwis-own-cryptocurrency-majority-favor-it-over-real-estate/
The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” […]
https://news.bitcoin.com/ftc-warns-of-crypto-scams-from-online-love-interests/
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]
https://news.bitcoin.com/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/
The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development and pocketing investors’ funds. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK […]
https://news.bitcoin.com/doj-and-fbi-unveil-charges-against-3-uk-nationals-in-nft-rug-pull-scam/
Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations. Record-Breaking Week for Digital Assets as U.S. Ethereum ETF Approval Sparks $2 Billion Surge Digital asset investment products, […]
https://news.bitcoin.com/surge-in-digital-asset-investments-following-sec-etf-approvals-coinshares-reports/
Over the past weekend, 211.51 dormant bitcoins valued at $14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series of four transactions brought 211.51 dormant bitcoins back […]
https://news.bitcoin.com/over-200-btc-from-2013-and-2012-wallets-awaken-now-valued-at-over-14m/