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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high. Bitcoin’s Sudden Drop Impacts Entire Crypto Economy Wipes Out $454M in Longs Bitcoin (BTC) plummeted to a low of $68,450 per unit after reaching the […]
https://news.bitcoin.com/bitcoin-dips-below-70k-reaches-68450-low-86m-in-btc-longs-liquidated/
The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend on market reactions and evolving data. European Central Bank Cuts Interest Rates […]
https://news.bitcoin.com/european-central-bank-cuts-rates-by-0-25-confirms-data-driven-approach-for-path-ahead/
PRESS RELEASE. Penguiana, the penguin-themed meme coin on the Solana blockchain, with an upcoming play to earn game has witnessed a staggering 70% surge in its market valuation after its recent listing on CoinMarketCap. This significant achievement underscores growing investor confidence and marks a pivotal advancement in Penguiana’s journey within the cryptocurrency landscape. $PENGU the […]
https://news.bitcoin.com/penguianas-pengu-token-soars-following-coinmarketcap-listing-preparing-for-exciting-guiana-nft-mint/
Gamestop and Wall Street Bets-related meme coins are experiencing a significant rise on Friday, with many achieving double and triple-digit increases. The token roaring kitty (KITTY) climbed 161%, while GME is up 80% over the past day. Keith Gill Speculation Drives Roaring Kitty and GME Tokens to New Heights While Gamestop shares have had a […]
https://news.bitcoin.com/gamestop-related-meme-coins-surge-with-roaring-kitty-up-161-gme-token-up-80/
The Solana-based meme coin Sealana (SEAL) is wrapping up its wildly popular presale after raising over $3 million from investors. But will this seal-based token be able to keep the hype rolling after its DEX launch in the coming weeks? Last Chance to Buy Sealana Tokens at a Discount The clock is ticking for those […]
https://news.bitcoin.com/viral-sealana-presale-enters-final-stage-could-seal-10x-after-dex-launch/
Blackrock, the world’s largest asset manager, now holds more than 300,000 bitcoins following $217.7 million in positive inflows from all of the U.S. spot bitcoin exchange-traded funds (ETFs). Thursday’s inflows marked the 18th consecutive day of gains for the bitcoin ETFs. Bitcoin ETF Gains Continue Spot bitcoin ETFs in the U.S. have been thriving recently, […]
https://news.bitcoin.com/etfs-see-18-days-of-gains-blackrocks-bitcoin-holdings-surpass-300000/
The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping sweep initiative” that imposed penalties on broker-dealers for retaining off-channel communications, such […]
https://news.bitcoin.com/american-securities-association-sues-sec-over-lack-of-transparency-in-enforcement-actions/
Bitcoin’s price currently stands at $71,347, showing an impressive rise within the 24-hour intraday range of $70,065 to $71,595. With a trading volume of $25.17 billion and a market capitalization of $1.4 trillion, bitcoin has gained 4.9% this week, 5.6% over the past two weeks, and 14.4% in the last 30 days. Bitcoin Bitcoin’s 1-hour […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-shows-promising-signs-across-all-time-frames/
PRESS RELEASE. Geneva, Switzerland, June 7, 2024 – TRON DAO proudly marked its significant presence at Consensus 2024, held in Austin, Texas, as a 3 Block Sponsor. This premier blockchain and digital asset event brought together industry leaders, policymakers, and innovators to engage in crucial discussions shaping the future of the blockchain ecosystem. Consensus 2024: […]
https://news.bitcoin.com/tron-dao-at-consensus-2024-with-exclusive-whale-night-event/
The Ethereum network is set to undergo one of its most extensive upgrades named Pectra, which will integrate the EVM Object Format (EOF) and introduce Vitalik Buterin’s proposed EIP-7702, allowing Ethereum account addresses to act as smart contract wallets temporarily during transactions. The Pectra upgrade, expected to be rolled out in the first quarter of […]
https://news.bitcoin.com/ethereum-to-introduce-extensive-pectra-upgrade-in-q1-2025/
Stablecoin issuer Tether has partnered with Nodo to educate prospective African users about the use cases of stablecoins and facilitate transactions with the former’s digital asset. The six-month campaign will include Ask Me Anything (AMA) sessions, workshops, and question-and-answer sessions with crypto experts on social media. African Users to Learn of Stablecoin Use Cases The […]
https://news.bitcoin.com/tether-nodo-partner-to-drive-stablecoin-and-bitcoin-education-in-africa/
Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions CBDC Project Mbridge […]
https://news.bitcoin.com/cross-border-cbdc-project-mbridge-enters-mvp-stage/
Worldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy regulator finishes its investigation into Worldcoin’s inner workings. Worldcoin to Pause Biometric Data Collection Activities […]
https://news.bitcoin.com/worldcoin-agrees-to-temporarily-stop-operations-in-spain/
Rich Dad Poor Dad author Robert Kiyosaki has emphasized that his prediction of bitcoin hitting $350K on Aug. 25 “is not a lie.” He also expressed his bullish outlook for ethereum and solana, noting that he will keep buying the three cryptocurrencies because he is “quite certain their prices will continue to rise.” Robert Kiyosaki […]
https://news.bitcoin.com/robert-kiyosaki-says-his-prediction-of-bitcoin-hitting-350k-in-august-is-not-a-lie-also-bullish-on-ethereum-and-solana/
Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived easing of U.S. regulatory scrutiny. Kraken Eyes IPO Bloomberg sources […]
https://news.bitcoin.com/report-kraken-considers-ipo-amid-renewed-investor-interest/
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam Domains Seized The Brooklyn District Attorney’s Office announced Thursday […]
https://news.bitcoin.com/us-authority-seizes-70-crypto-scam-sites-targeting-russian-community/
Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny. “This move is in response to the growing demand for secure, reliable, and user-friendly cryptocurrency trading platforms among Chinese expatriates and […]
https://news.bitcoin.com/crypto-exchange-bybit-announces-trading-support-for-overseas-chinese/
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National […]
https://news.bitcoin.com/russian-state-duma-official-international-cbdc-settlements-to-become-common-practice-in-5-years/
Coingecko experienced a data breach on June 5, compromising the personal information of nearly 2 million users. The breach occurred through its third-party email platform, Getresponse. Third-Party Email Platform Breach Hits Coingecko On June 5, 2024, Coingecko detected unusual activity on its third-party email marketing platform, Getresponse. An attacker had compromised a Getresponse employee’s account, […]
https://news.bitcoin.com/coingecko-data-breach-affects-nearly-2-million-users/
Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive of fees and expenses. As of June 6, the company’s total bitcoin holdings stood at 828 BTC, purchased for a combined $57 million. CEO Doug […]
https://news.bitcoin.com/semler-scientific-expands-bitcoin-holdings-acquires-247-more-btc/
Over 100 former federal prosecutors and federal agents have asked the U.S. State Department to intensify its efforts to secure the release of Tigran Gambaryan, a U.S. citizen and Binance employee, from custody in Nigeria. In a letter addressed to Anthony Blinken, the 108 ex-government employees expressed concern that the U.S. efforts to date have […]
https://news.bitcoin.com/jailed-binance-executive-108-former-us-government-workers-echo-calls-for-biden-administrations-intervention/
Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners See Massive Reductions From Jan. 1 to June 7, 2024, […]
https://news.bitcoin.com/bitcoin-scarcity-grows-as-miner-and-exchange-reserves-drop-by-183253-btc-since-january/
Iggy Azalea, the female rapper and composer behind the MOTHER token issued on Solana, mocked Vitalik Buterin, an Ethereum co-founder, using a meme that shows her carrying a baby with Buterin’s face after being breastfed. Besides posting the described meme, Azalea stated that “he was just hangry (sic).” Azalea’s reaction comes after Buterin’s statements against […]
https://news.bitcoin.com/mother-token-celebrity-iggy-azalea-mocks-ethereums-vitalik-buterin-in-breastfeeding-meme/
Kaiko, a prominent player in the crypto data sector, has announced a strategic partnership with Gemini Foundation, the derivatives trading platform of the cryptocurrency exchange, Gemini. This collaboration will see Gemini Foundation utilizing Kaiko’s Benchmark Reference Rates to power its derivatives platform. The partnership aims to enhance the stability and security of Gemini’s platform by […]
https://news.bitcoin.com/gemini-taps-kaiko-for-enhanced-cryptocurrency-derivatives-trading/
Invest Hong Kong, the government department responsible for attracting foreign direct investment and the Crypto Valley Association (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of both regions. The agreement, signed on June 6, 2024, aims to enhance collaboration, particularly in blockchain and cryptographic technologies. It also […]
https://news.bitcoin.com/hong-kong-partners-with-swiss-crypto-valley/
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response, the Fatwa Center issued a statement titled “Correction and Apologies.” The statement disclosed that […]
https://news.bitcoin.com/uzbekistans-islamic-authority-retracts-fatwa-against-cryptocurrency-issues-apology/
The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer and more effective regulations for the cryptocurrency industry in the U.S., the alliance has gained substantial momentum. […]
https://news.bitcoin.com/stand-with-crypto-advocacy-alliance-surpasses-1-million-supporters/
Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy […]
https://news.bitcoin.com/binance-confirms-mastercard-and-visa-support-for-crypto-purchases-but-no-binance-credit-card-issued/
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has stated that spot ethereum exchange-traded funds (ETFs) “will take some time” to commence trading, highlighting the necessity for a thorough disclosure process. Additionally, Gensler emphasized the lack of proper disclosure provided by crypto exchanges to investors. Spot Ether ETFs ‘Will Take Some Time’ The chairman […]
https://news.bitcoin.com/sec-chair-gensler-spot-ether-etfs-will-take-some-time-to-begin-trading/
A new meme token, hulkmania (HULK), has recently entered the dynamic world of meme coins. It appears to have garnered attention from the legendary wrestler Hulk Hogan’s X account, which referenced it on the social media platform. However, the post on the @hulkhogan X account has been deleted, raising the possibility that his account may […]
https://news.bitcoin.com/hulk-hogans-x-posts-vanish-after-hulk-meme-tokens-sharp-rise-and-fall/