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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […]
https://news.bitcoin.com/kaspa-and-alephium-mining-gain-traction-as-bitcoins-hashprice-remains-low/
Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms of onchain reserves. World’s Largest Fund Manager Just Surpassed Grayscale in […]
https://news.bitcoin.com/blackrock-dethrones-grayscale-becoming-worlds-largest-digital-asset-manager/
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the charge, capturing the largest inflows of the day. Blackrock’s Bitcoin and Ether ETFs Lead the Day in Inflows Data from sosovalue.xyz reveals that spot bitcoin ETFs hauled in […]
https://news.bitcoin.com/inflows-and-outflows-bitcoin-etfs-gain-88m-ether-drops-6-49m/
Binance and its former CEO, Changpeng Zhao (CZ), are facing a revived class action lawsuit in the U.S. District Court for the Western District of Washington, Seattle. The lawsuit, filed by three cryptocurrency investors, alleges that Binance facilitated money laundering of stolen crypto assets, making them untraceable. The plaintiffs claim that their stolen crypto was […]
https://news.bitcoin.com/binance-faces-renewed-legal-battle-over-alleged-crypto-money-laundering/
Ledn, a crypto lending firm, has secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group. This loan will be used to expand Ledn’s retail lending operations, providing additional liquidity to the crypto sector and the $1.38 trillion syndicated loan market. The collaboration highlights the growing integration of crypto assets […]
https://news.bitcoin.com/ledn-secures-landmark-50-million-bitcoin-backed-loan-from-sygnum-to-expand-retail-lending-operations/
Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. The Mantra Chain Case A Hong Kong lawmaker, Johnny […]
https://news.bitcoin.com/hong-kong-lawmaker-calls-for-dao-regulation-to-boost-web3-investments/
Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […]
https://news.bitcoin.com/state-street-partners-with-taurus-to-boost-digital-asset-services/
Former CEO of Heartland Tri-State Bank has been sentenced to over 24 years in prison for embezzling $47 million through a fraudulent crypto scheme that contributed to the bank's collapse. This case highlights the ongoing legal repercussions surrounding cryptocurrency fraud and financial misconduct.
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The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]
https://news.bitcoin.com/former-bank-ceo-sentenced-to-prison-for-47m-crypto-fraud-leading-to-bank-collapse/
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set […]
https://news.bitcoin.com/peter-schiff-expects-gold-mining-to-be-best-performing-sector-this-decade-foresees-major-bull-market/
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. […]
https://news.bitcoin.com/bitfufu-reports-70-revenue-growth-in-q2-2024-cloud-mining-clients-pay-77-million/
Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […]
https://news.bitcoin.com/polymarket-odds-suggest-81-chance-of-rfk-jr-exiting-2024-race-as-shanahan-hints-at-trump-alliance/
Grass, a depin AI web crawling project, has announced the end of its closed beta phase and outlined the requirements that users must fulfill to be eligible for an upcoming airdrop. The project announced that it will provide more details about the distribution of its token rewards, but that weighted epoch network participation would be […]
https://news.bitcoin.com/ai-depin-project-grass-concludes-closed-beta-and-outlines-airdrop-details/
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]
https://news.bitcoin.com/russian-finance-minister-discloses-that-over-90-of-bilateral-trade-with-china-is-settled-outside-the-u-s-dollar-system/
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices of precious metals […]
https://news.bitcoin.com/gold-shatters-records-as-investors-brace-for-economic-turbulence/
Crypto investors are buzzing about PlayDoge (PLAY) as its presale enters the final stretch. The project has already managed to raise over $6 million in funding. And with only five days left before the presale closes, investors are rushing to secure PLAY tokens before they hit exchanges. Last Call for PlayDoge’s Red-Hot Presale PlayDoge’s presale […]
https://news.bitcoin.com/playdoges-6m-presale-has-only-5-days-left-analysts-are-expecting-it-to-explode/
As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also targeting an increase in the corporate tax rate, […]
https://news.bitcoin.com/insiders-report-report-kamala-harris-backs-bidens-plan-to-tax-unrealized-gains/
Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy hub. The collaboration will leverage expertise from both parties and involves […]
https://news.bitcoin.com/gate-ventures-abu-dhabi-blockchain-center-launch-100m-innovation-fund/
Roman Ziemian, co-founder of the cryptocurrency platform Futurenet, was arrested in Montenegro for allegedly orchestrating a $21 million cryptocurrency fraud scheme. The arrest was part of an international law enforcement operation involving Montenegrin authorities and Interpol. Ziemian, who was living under a false identity in Podgorica, now faces potential extradition to either Poland or South […]
https://news.bitcoin.com/roman-ziemian-arrested-in-montenegro-for-alleged-21-million-cryptocurrency-fraud/
India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […]
https://news.bitcoin.com/rbi-report-highlights-indias-central-bank-digital-currency-development/
A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new girlfriend, arranging to pay $5,000 in bitcoin to a website offering hitman services between March and […]
https://news.bitcoin.com/woman-sentenced-to-prison-for-bitcoin-funded-dark-web-murder-plot/
Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men […]
https://news.bitcoin.com/7-arrested-in-illegal-bitcoin-mining-crackdown-in-malaysia/
Peter Schiff predicts that gold mining will emerge as the best-performing sector in the coming decade, forecasting a significant bull market for precious metals. His insights highlight the growing importance of gold in investment strategies amid economic fluctuations.
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U.S. President and Republican presidential candidate Donald Trump stated on Monday that if elected, he would consider appointing Tesla CEO Elon Musk to a cabinet or advisory role. Trump praised Musk as a “brilliant” and “very smart guy,” expressing his openness to involving the Tesla boss in his administration if Musk were willing. Recently, Musk […]
https://news.bitcoin.com/donald-trump-considers-elon-musk-for-cabinet-role/
Nigeria’s Securities and Exchange Commission (SEC) has announced that it has not yet issued any crypto licenses, contrary to some reports. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. This move follows increased scrutiny of crypto exchanges and a push to regulate the industry, including a mandate […]
https://news.bitcoin.com/nigerias-sec-denies-issuing-provisional-crypto-licenses/
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […]
https://news.bitcoin.com/bit-digital-expands-ai-and-hpc-footprint-signs-700-million-agreement-with-boosteroid/
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […]
https://news.bitcoin.com/tether-to-launch-usdt-stablecoin-on-aptos-blockchain/
Mango Markets' future is uncertain as a new SEC settlement vote arises following charges related to a 2022 security breach. The SEC's investigation emphasizes the ongoing regulatory scrutiny facing decentralized finance platforms.
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Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of […]
https://news.bitcoin.com/mango-markets-future-hangs-in-the-balance-with-new-sec-settlement-vote/
Meme coins have bounced back, with Dogecoin and co shaking off the bearishness and posting solid gains in the past day. However, it’s the new project Crypto All-Stars that’s stealing the show – nearing the $600,000 milestone in its much-hyped presale phase. Meme Coins Bounce Back After Prolonged Market Slump After a tough stretch, meme […]
https://news.bitcoin.com/meme-coin-prices-bounce-back-as-crypto-all-stars-raises-over-500k-in-presale/