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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Hamster Kombat, the Telegram tap-to-earn gaming sensation, is facing legal woes in Russia stemming from conflicts between its alleged creator, Eduard Gurinovich, and one of its early investors, Ad.ru, an IT holding company. According to reports from Lenta.ru, a popular Russian online newspaper, Gurinovich created Hamster Kombat using a company named Arenum, of which Ad.ru […]
https://news.bitcoin.com/report-reveals-hamster-kombat-faces-legal-action-from-early-investors/
Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s […]
https://news.bitcoin.com/bitcoin-investors-face-diverging-fortunes-as-long-term-holders-stay-steady-glassnode-reveals/
Fed Chair Jerome Powell expressed optimism about the Federal Reserve's efforts to control inflation, hinting that potential rate cuts might be forthcoming. This signals a significant shift in the economic landscape as the central bank navigates post-pandemic challenges.
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Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders and investors eager for high returns. As these tokens continue to evolve, their influence on […]
https://news.bitcoin.com/gotbit-hedge-fund-memes-are-driving-the-next-wave-of-blockchain-innovation/
Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access up […]
https://news.bitcoin.com/wazirx-to-resume-inr-withdrawals-up-to-66-crypto-withdrawals-remain-suspended/
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M Amid $1.3B Stablecoin Market Boost The stablecoin economy is gaining momentum […]
https://news.bitcoin.com/stablecoin-market-grows-by-1-3b-in-5-days-as-tether-leads-the-charge/
The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder […]
https://news.bitcoin.com/clucoin-founder-pleads-guilty-to-crypto-fraud-confesses-to-personal-use-of-investor-funds/
Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses and individuals. This includes using Fireblocks’ Wallets-as-a-Service (WaaS) to manage and protect customer assets. This partnership addresses the […]
https://news.bitcoin.com/yellow-card-fireblocks-partner-to-streamline-african-cross-border-payments/
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]
https://news.bitcoin.com/binance-launches-mobile-money-feature-for-crypto-transactions-in-africa/
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for […]
https://news.bitcoin.com/pip-labs-raises-80-million-at-a-2-25-billion-valuation-to-protect-ip-via-blockchain/
Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison, while one individual was acquitted, and another remains at large. According to the Ministry of Justice’s Investigation Bureau, the […]
https://news.bitcoin.com/taiwan-court-convicts-8-in-espionage-case-involving-crypto-payments/
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday […]
https://news.bitcoin.com/tim-draper-leads-2-5-million-funding-round-for-ark-labs-to-advance-bitcoin-payment-solutions/
The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief argues that the Ninth Circuit’s approach to pleading standards under the Private Securities Litigation Reform Act (PSLRA) could severely impact emerging technology sectors, especially cryptocurrency. […]
https://news.bitcoin.com/supreme-court-urged-to-protect-crypto-in-nvidia-backed-legal-fight/
Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was completed in partnership with Ripio, an Argentine cryptocurrency exchange, and is issued by Meli Uruguay S.R.L., a part of the Mercado Libre group. Mercado Libre […]
https://news.bitcoin.com/mercado-libre-latams-largest-company-launches-own-dollar-stablecoin/
Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations. Enter the BORG—Metalex and Lido Finance […]
https://news.bitcoin.com/metalex-and-lido-finance-propose-first-major-borg-initiative/
PRESS RELEASE. Hollywood’s hottest new social streaming app KINO – think Tik Tok meets Netflix – is giving away $5K this week to 7 lucky people in celebration of the premiere of the groundbreaking documentary “God Bless Bitcoin”. To sign up and secure a spot in the giveaway, please click here for a FREE KINO+ […]
https://news.bitcoin.com/new-hollywood-streaming-app-giving-away-5k-in-celebration-of-god-bless-bitcoin-documentary/
Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on […]
https://news.bitcoin.com/ftxs-ryan-salame-seeks-to-void-guilty-plea-citing-governments-alleged-breach-of-plea-agreement/
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]
https://news.bitcoin.com/fed-chair-powell-signals-confidence-in-inflation-control-hints-at-rate-cuts/
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks […]
https://news.bitcoin.com/bitcoin-block-857911-delivers-1-12m-to-antpool-as-miners-enjoy-fee-windfall/
PlayDoge’s (PLAY) presale has entered its final 72 hours – and investors are rushing to grab tokens before they hit exchanges. With the clock ticking down, everyone’s watching this meme coin meets P2E sensation that looks set to shake up the market with its retro gameplay. Last Call for Investors to Secure a Place in […]
https://news.bitcoin.com/playdoge-presale-enters-final-3-days-after-raising-over-6m-will-play-explode/
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their winning streak for the sixth day in a row, amassing $64.91 million. Meanwhile, the nine spot ether ETFs experienced a modest outflow, losing $874,610. Bitcoin ETFs on a Roll With $64.91M Boost, Ether ETFs Falter In detail, Thursday saw 12 U.S. spot bitcoin ETFs once […]
https://news.bitcoin.com/bitcoin-etfs-extend-winning-streak-as-ether-funds-slip-into-red/
The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally, in partnership […]
https://news.bitcoin.com/brazilian-securities-regulator-greenlights-second-solana-spot-etf/
Philippine police have arrested 99 individuals during a raid on a suspected scam hub in Parañaque City, uncovering a fraudulent cryptocurrency and romance scheme involving foreign and local workers. The company was unregistered and forced employees into compromising roles. Philippine Police Bust Crypto Scam Hub, Arrest 99 in Major Raid The National Capital Region Police […]
https://news.bitcoin.com/99-arrested-in-philippine-crypto-scam-hub-raid-3/
A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million […]
https://news.bitcoin.com/man-faces-20-year-prison-sentence-in-crypto-money-laundering-case/
Tectum, developed by Crispmind, is the world’s fastest layer-1 blockchain, achieving 3.5 million transactions per second through a proof of utility consensus mechanism. It guarantees seamless, private transactions using layered processing and zero-knowledge proofs. Alex Guseff, the owner of Crispmind, is the Lead Architect of Tectum and SoftNote. He recently joined the Bitcoin.com News Podcast […]
https://news.bitcoin.com/how-to-make-bitcoin-spendable-again-with-tectum-founder-and-lead-architect-alex-guseff/
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency Seized […]
https://news.bitcoin.com/fbi-recovers-5-million-from-pig-butchering-crypto-scam/
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital […]
https://news.bitcoin.com/paypal-launches-pyusd-rewards-program-with-anchorage-digital/
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered attention from Eric and Donald Trump Jr., aims to challenge traditional banks. Trump Promotes New Cryptocurrency […]
https://news.bitcoin.com/donald-trump-pushes-new-crypto-platform-to-challenge-big-banks-and-financial-elites/
Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday. Tron’s Meme Coin Generator Sets New Benchmarks To many observers, the […]
https://news.bitcoin.com/trons-sun-pump-debut-sparks-new-highs-in-meme-coin-market/
The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate. […]
https://news.bitcoin.com/el-salvador-to-educate-80000-public-servants-on-bitcoin/