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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Following a spell of TradFi breakthroughs, all-time highs, and intense optimism in the crypto industry, selling pressure across most major cryptocurrencies are slowly beginning to ease, with trading volumes submitting to more tenable growth levels. Amidst this growth, one category-defying group of tokens has witnessed persistent success regardless of the current market backdrop: memecoins. Known […]
https://news.bitcoin.com/the-memecoin-frenzy-has-ignited-a-scalability-arms-race/
The Cardano blockchain co-founder, Charles Hoskinson, has expressed frustration over what he perceives as a disconnect between the public perception of Cardano—shaped by influencers and media—and the project’s actual progress and fundamentals. Hoskinson highlighted technological advancements such as Hydra, the development of partner chains, and many community events as some of Cardano’s achievements. Despite these […]
https://news.bitcoin.com/hoskinson-laments-the-disconnect-between-public-perception-of-cardano-and-its-fundamentals/
According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to its reputation and avoid litigation. Bankruptcy Report Contradicts Saunders’ Previous Assertions The […]
https://news.bitcoin.com/ftx-loaned-millions-to-australian-influencer-to-ward-off-potential-litigation-bankruptcy-report-reveals/
Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among South Koreans. Available in sizes as small as 0.5 grams and priced at […]
https://news.bitcoin.com/gold-rush-hits-seoul-streets-gold-bars-now-sold-in-vending-machines/
The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold […]
https://news.bitcoin.com/china-halts-gold-buying-in-may-ending-18-month-buying-spree/
Standard Chartered expects bitcoin to climb to $100,000 as the U.S. presidential election approaches and potentially reach $150,000 if former U.S. President Donald Trump wins. The bank’s head of digital asset research cites Trump’s perceived crypto-friendly stance as key for this bullish outlook for bitcoin. Trump’s administration is seen as fostering a supportive regulatory environment, […]
https://news.bitcoin.com/standard-chartered-predicts-bitcoin-to-hit-100k-pre-election-150k-if-trump-wins/
Arthur Hayes, the founder and former CEO of Bitmex, recently shared his insights on the future of global financial markets in a blog post. Hayes delves into the impact of central bank policies on the global economy, emphasizing the role of interest rates and inflation targets. Bitmex Founder’s Perspective on Global Finance and Bitcoin In […]
https://news.bitcoin.com/bitmex-founder-arthur-hayes-advises-to-go-long-on-bitcoin-as-g7-central-banks-may-slash-rates/
U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering $130.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to $168 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S. spot bitcoin ETFs continued, adding another day of positive movement. […]
https://news.bitcoin.com/blackrocks-ibit-leads-as-us-spot-bitcoin-etfs-enjoy-19th-day-of-inflows/
During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51% increase after several weeks of decline. The seven-day sales totaled $133.19 million, involving nearly […]
https://news.bitcoin.com/rising-nft-sales-highlight-market-recovery-133m-in-weekly-sales-recorded/
Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June. At the time, the firm’s […]
https://news.bitcoin.com/btcs-strange-session-economic-data-roaring-kitty-livestream-drive-market-fluctuations-says-qcp-capital/
The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between the centralized creation of the Liberty Dollar and the decentralized nature of Bitcoin. Contrasting Currencies — The […]
https://news.bitcoin.com/liberty-dollar-vs-bitcoin-why-the-us-government-shut-down-one-but-not-the-other/
Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to 38 tonnes and raising its overall official gold reserves to […]
https://news.bitcoin.com/central-banks-boost-gold-reserves-by-33-tonnes-in-april/
A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […]
https://news.bitcoin.com/70-of-korean-crypto-exchanges-fail-to-repay-customers-after-closure-regulator-says/
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to […]
https://news.bitcoin.com/south-african-police-nab-alleged-mastermind-of-metaverse-ponzi-scheme/
Ethereum co-founder Vitalik Buterin has expressed his dissatisfaction with the current wave of celebrity crypto projects, emphasizing their lack of meaningful societal contributions. He highlighted projects like Stoner Cats, which actually fund real initiatives, as more commendable. Buterin also detailed the criteria that celebrity crypto projects must meet to gain his respect. Vitalik Buterin Critiques […]
https://news.bitcoin.com/vitalik-buterin-criticizes-celebrity-crypto-projects-offers-blueprint-for-respectable-ventures/
Mexican billionaire Ricardo Salinas Pliego has urged his followers to buy Bitcoin. Elon Musk, currently the world’s wealthiest individual, could be surpassed by Bitcoin’s anonymous creator, Satoshi Nakamoto. In Nigeria, artist Davido faced backlash after allegedly scamming investors by pocketing $474,000 from his meme coin sale. Some Russian companies are resorting to cryptocurrencies like USDT […]
https://news.bitcoin.com/mexican-billionaire-says-to-buy-bitcoin-musk-vs-nakamoto-and-more-week-in-review/
The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that federal agencies do not call or email individuals threatening arrest or requesting money. Scammers spoof caller ID information, making fraudulent […]
https://news.bitcoin.com/fbi-warns-of-rising-government-impersonation-scams-demanding-crypto/
Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment […]
https://news.bitcoin.com/ripple-teams-up-with-clear-junction-for-gbp-and-eur-payouts/
India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED […]
https://news.bitcoin.com/indian-authority-busts-cryptocurrency-fraud-ring-targeting-foreign-national/
Former U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, emphasizing that their policies “will grind to a halt within one hour of a second Trump administration.” […]
https://news.bitcoin.com/donald-trump-vows-to-be-the-crypto-president-pledges-to-end-biden-gensler-crypto-policies-within-one-hour/
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after losing court battles. XRP ETFs Likely Approved Next Year, Ripple’s CEO Says Ripple CEO Brad […]
https://news.bitcoin.com/ripple-ceo-expects-sec-to-approve-spot-xrp-etf-next-year/
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm Solidproof’s Know Your Customer (KYC) process. Zksync’s v24 Upgrade The layer two (L2) Ethereum blockchain scaling protocol, Gemholic, faced allegations of […]
https://news.bitcoin.com/allegations-of-rug-pull-arise-after-gemholic-team-withdraws-3-5m-in-previously-locked-eth/
On Friday, the prominent investor Keith Gill, known by his online alias “Roaring Kitty,” conducted a livestream, arriving 25 minutes late and covered in bandages. Gamestop shares tumbled 39.38% on Friday after being halted multiple times during his broadcast. Keith Gill’s Late Appearance and Bandaged Look Coincide with Gamestop’s Sharp Drop Meme stocks ended the […]
https://news.bitcoin.com/roaring-kitty-livestream-draws-700000-viewers-despite-gamestops-plunge/
Amid Friday’s downturn, following bitcoin’s decline to $68,450, the latest Commitments of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds are placing substantial bets against bitcoin. Bitcoin Faces Bearish Sentiment From Hedge Funds While crypto enthusiasts and analysts have been optimistic about bitcoin (BTC) for quite some time, particularly […]
https://news.bitcoin.com/bitcoin-hedge-fund-shorts-reach-new-high-amid-price-fluctuations/
Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will be able to recover and return these funds. FBI Involved […]
https://news.bitcoin.com/sky-mavis-reports-return-of-5-7-million-in-digital-assets-stolen-during-ronin-attack/
Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly, amassing millions from his fraudulent activities. Scheduled for sentencing on Sept. 24, […]
https://news.bitcoin.com/crypto-scam-promoter-pleads-guilty-faces-up-to-20-years-in-us-prison/
The TON Foundation has announced a partnership with Tether to broaden the access of global crypto communities to USDT on the TON blockchain. The foundation has outlined plans to integrate TON-based USDT into at least a hundred exchanges and payment processors in both established and emerging markets in the coming months. TON Foundation and Tether […]
https://news.bitcoin.com/ton-foundation-announces-plans-to-widen-access-to-usdt-on-ton/
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto […]
https://news.bitcoin.com/new-york-cracks-down-on-crypto-pyramid-schemes-targeting-immigrants/
Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme. MTI […]
https://news.bitcoin.com/claims-against-collapsed-south-african-bitcoin-investment-firm-rise-to-84-5-million/