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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK Nation. The system aims to enhance the governance, security, and scalability of the Zksync protocol through active community participation. ZK Nation: New Governance Framework Introduced by ZKsync According to the announcement, the ZK Nation governance […]
https://news.bitcoin.com/zksync-introduces-community-governance-with-zk-nation/
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency regulations if they aim to have an impact on the industry. USDT Favored in […]
https://news.bitcoin.com/nigerian-interest-in-crypto-persists-despite-crackdown-meme-coins-prevail-in-countrys-north/
Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62% of Bitfarms, made an unsolicited bid to acquire all shares and plans […]
https://news.bitcoin.com/bitfarms-adopts-defensive-measures-against-riot-platforms-takeover/
On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have experienced a potential exploit. Arkham and Cyvers reported that more than $19 million had been siphoned from the lending protocol. Over $19M Drained From Uwu Lend The defi lending platform Uwu Lend is believed to have […]
https://news.bitcoin.com/onchain-alerts-uncover-19-million-siphoned-from-defi-protocol-uwu-lend/
At press time on Monday, the global cryptocurrency market is valued at $2.53 trillion, reflecting a 0.89% decline over the last day. In the past week, six tokens have experienced double-digit gains, with the meme coin brett (BRETT) increasing by 65.8%. Meme Coin BRETT Leads Weekly Gains Amidst $2.53T Crypto Market Decline Over the past […]
https://news.bitcoin.com/double-digit-gainers-and-losers-define-a-turbulent-week-in-crypto/
Australian rapper Iggy Azalea has announced the relaunch of her telecommunication company, allowing customers to purchase phones and month-to-month cell plans using $MOTHER or SOL 🤔
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Bitcoin’s price stands at $69,352, within a 24-hour intraday range of $69,213 to $69,840. The leading crypto asset’s market capitalization is $1.36 trillion, with a 24-hour trade volume of $14.83 billion. Bitcoin The hourly chart for bitcoin (BTC) indicates a phase of consolidation with minor fluctuations. The price hit a high of $69,840 before retracting […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-holds-steady-amidst-consolidation-phase/
Australian rapper Iggy Azalea, co-founder of a telecommunication company, has announced the relaunch of the company with a unique twist. In a recent social media post, Azalea revealed that customers will now be able to purchase phones and month-to-month cell plans using $MOTHER or Sol. This move is part of a broader effort to increase […]
https://news.bitcoin.com/rapper-iggy-azalea-to-sell-phones-and-cell-plans-for-mother-token-or-sol/
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman […]
https://news.bitcoin.com/30-countries-seek-to-join-brics-russian-ambassador-to-china-says/
Corbin Keegan, a U.S. national who self-proclaimed himself as the first citizen of Bitcoin City, has temporarily left El Salvador after waiting over two years for the state to build the settlement. President Nayib Bukele first announced this infrastructure proposal for Bitcoin City in November 2021. He also explained that the settlement would be constructed […]
https://news.bitcoin.com/first-citizen-of-bitcoin-city-leaves-el-salvador-after-waiting-over-2-years-for-its-construction/
A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate a surge in tokens featuring AI-related keywords such as GPT, Openai and Bard. Approximately 4,500 […]
https://news.bitcoin.com/elliptic-study-finds-ai-enabled-crime-in-cryptocurrency-remains-in-early-stages/
Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes money.” After burning the tokens, Tate celebrated […]
https://news.bitcoin.com/andrew-tate-burns-over-10-million-received-in-meme-coin-topg/
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark New Wave of Bitcoin Speculation Analysts at Glassnode reported the reappearance of speculative behavior […]
https://news.bitcoin.com/report-speculation-returns-as-bitcoin-market-shows-signs-of-recovery/
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While […]
https://news.bitcoin.com/16b-injected-into-stablecoin-economy-in-90-days-tether-claims-69-of-total/
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data […]
https://news.bitcoin.com/bitcoin-premium-in-south-korea-increases-reflecting-strong-local-demand/
UpRock is a groundbreaking platform that merges blockchain and AI, allowing users to monetize their unused internet bandwidth. With a focus on democratizing data access and fostering an open AI ecosystem, UpRock is at the forefront of the digital revolution. The co-founders of UpRock, Jesse Adams (CEO) and Chris O’Connell (CTO), recently joined the Bitcoin.com […]
https://news.bitcoin.com/how-uprock-is-using-ai-depin-and-crypto-rewards-to-attract-new-users-to-web3-in-an-age-where-data-is-the-new-oil/
The privacy coin monero (XMR) has experienced a 7.7% increase in the last 24 hours and a 16.5% rise over the past week. Monero Trading Volume Doubles in 24 Hours After a prolonged decline and hitting a significant low in mid-April, monero (XMR) has recovered in value. For instance, on April 13, XMR was trading […]
https://news.bitcoin.com/privacy-coin-xmr-rebounds-after-mid-april-low-climbing-37-in-30-days/
The 99Bitcoins Token (99BTC) is shaking up crypto education – and gaining traction in its presale phase. With over $2 million raised and analysts predicting 10x gains once it launches, this “Learn-to-Earn” token has investors buzzing. 99Bitcoins Token Gamifies Crypto Education with Learn-to-Earn Model 99Bitcoins Token turns crypto education into an addictive game. Instead of […]
https://news.bitcoin.com/new-brc-20-token-99bitcoins-raises-2m-in-presale-as-analysts-forecast-10x-gains/
Interest in the second-largest cryptocurrency by market capitalization, ethereum (ETH), has sharply declined since it peaked on May 23. Read More Here 👉👉👉👉 https://x.com/BTCTN/status/1800173375110676935
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Ethereum (ETH) continues to showcase its volatility and potential for strategic trading. As of June 10, 2024, ethereum’s price stands at $3,677, reflecting a daily range of $3,654 to $3,714. Ethereum Ethereum’s 1-hour chart reveals short-term volatility, with ether’s price testing lower levels around $3,642 and struggling to maintain above $3,700. Key support is identified […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-faces-tight-trading-range-under-resistance/
In a recent social media post that garnered over a million views, Dan Bilzerian, the American poker player and businessman known for his high-stakes games and lifestyle brand Ignite International, expressed interest in creating his own cryptocurrency. Bilzerian, who has distanced himself from any existing cryptocurrencies using his name, hinted at the possibility of launching […]
https://news.bitcoin.com/social-media-influencer-dan-bilzerian-contemplates-cryptocurrency-venture/
Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of […]
https://news.bitcoin.com/paraguayan-minister-unveils-future-economic-strategy-centered-on-bitcoin-mining-for-industrial-transition/
While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is largely driven by an increased money supply, manipulation of interest rates, and quantitative easing […]
https://news.bitcoin.com/inflation-explained-what-it-is-and-why-it-happens/
Bitcoin Core’s Optech Newsletter #306 is recommending users to, “to upgrade to Bitcoin Core 25.0 or higher within the next two weeks, with the latest version being 27.0.” A new policy was discussed by several Bitcoin Core project members concerning disclosures of vulnerabilities. Low-severity vulnerabilities will be disclosed about two weeks after a new version […]
https://news.bitcoin.com/bitcoin-cores-latest-optech-newsletter-urges-upgrade-to-version-25-0-discusses-new-vulnerability-disclosure-policy/
Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with Standard & Poor’s (S&P) and Fitch Ratings, specializes in providing credit ratings, research, […]
https://news.bitcoin.com/6-us-banks-face-moodys-downgrade/
The African Development Bank (ADB) and Intel have announced a significant partnership to train three million Africans and 30,000 government officials in advanced artificial intelligence (AI) skills. According to the ADB, this training is expected to revolutionize the African digital ecosystem and contribute to economic growth. The program will tackle socio-economic challenges and enhance productivity […]
https://news.bitcoin.com/intel-partners-with-african-development-bank-to-train-3-million-in-advanced-ai-skills/
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […]
https://news.bitcoin.com/trump-campaign-crypto-aide-announces-presidential-roundtable-on-domestic-bitcoin-mining/
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]
https://news.bitcoin.com/rapid-fluctuations-in-bitcoin-fees-cause-brief-spike-in-hashprice/
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%. Since that time, the gap between Trump and Biden has widened significantly, with Polymarket odds increasingly […]
https://news.bitcoin.com/polymarket-bets-show-growing-confidence-in-trumps-election-victory-over-biden/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry. Mexican Billionaire Ricardo Salinas Urges Followers to Buy Bitcoin as Nigerian Naira Falls Under […]
https://news.bitcoin.com/latam-insights-mexican-billionaire-ricardo-salinas-recommends-purchasing-bitcoin-cardano-partners-argentine-province/