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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that the SEC had overstepped its statutory limits by […]
https://news.bitcoin.com/court-strikes-down-secs-private-fund-regulation-citing-overreach/
Unstoppable Domains and Blockchain.com have announced a collaboration to create a DNS-enabled Web3 domain. The initiative aims to integrate Web3 domains into the traditional web ecosystem through an application with the Internet Corporation for Assigned Names and Numbers (ICANN). Unstoppable Domains and Blockchain.com Collaborate on DNS-Enabled Web3 Domain Unstoppable Domains and Blockchain.com plan to submit […]
https://news.bitcoin.com/unstoppable-domains-and-blockchain-com-partner-for-dns-enabled-web3-domain/
PRESS RELEASE. June 2024 – MagnetAI, the first ModelFi protocol and a trailblazer in artificial intelligence (AI) technology, announces the launch of its leading-edge user-centric AI and Web3 protocol, providing the framework for a new AI economy. For over eight years, the team behind MagnetAI has been at the forefront of AI innovation, solving the […]
https://news.bitcoin.com/magnetai-unveils-revolutionary-ai-driven-modelfi-platform-to-transform-the-ai-economy/
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting to $488.1 million, with Fidelity’s FBTC leading the way. These inflows marked the 17th consecutive day of contributions from the 11 publicly traded funds. U.S. Spot Bitcoin ETFs See More Inflows on 17th Consecutive Winning Day U.S. spot bitcoin ETFs have been enjoying a […]
https://news.bitcoin.com/investor-confidence-soars-with-488m-inflows-into-us-bitcoin-etfs/
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics have not been determined. This statement was made to clarify earlier reports by […]
https://news.bitcoin.com/turkey-rules-out-taxes-on-crypto-profits-considers-limited-transaction-tax/
Tether has invested $18.75 million in XREX Group to foster the launch of the gold-backed stablecoin, XAU1, aimed at enhancing cross-border payments in emerging markets.
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A Nigerian payments company recently announced the launch of a blockchain-powered point-of-sale payment gateway. This gateway facilitates transaction routing to issuers and aims to prevent chargebacks or chargeback fraud by promptly reimbursing customers for unsuccessful transactions. Eliminating Chargeback Fraud The Nigerian payment infrastructure company, Zone, recently announced the launch of a blockchain-powered point-of-sale (PoS) payment […]
https://news.bitcoin.com/nigerian-startup-zone-launches-blockchain-powered-point-of-sale-gateway/
Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the […]
https://news.bitcoin.com/tether-invests-18-75m-in-xrex-group-to-facilitate-launch-of-gold-backed-stablecoin/
The Cardano Foundation has announced an interesting new public partnership in Argentina. The collaboration, which follows a public signing between Rogelio Frigerio, the Governor of Entre Ríos, and Rafael Fraga, the LATAM Lead for Business Development at the Cardano Foundation, is with the state of Entre Ríos, a central province of Argentina. The partnership aims […]
https://news.bitcoin.com/cardano-foundation-forges-government-partnership-in-argentina-to-boost-blockchain-adoption/
A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […]
https://news.bitcoin.com/us-lawmakers-jailed-binance-executive-us-citizen-wrongfully-detained-by-nigeria/
The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with seemingly simple tasks like clicking buttons or rating services, promising payment through complex and deceptive crypto-based compensation structures. Victims are often tricked into making […]
https://news.bitcoin.com/fbi-warns-of-crypto-scams-in-fake-work-from-home-jobs/
Backed by major financial institutions like Blackrock and Citadel Securities, TXSE Group Inc. has announced its plan to launch the Texas Stock Exchange (TXSE) in Dallas. This new exchange will provide a platform to trade and list public companies and exchange-traded products. With a capital raise of approximately $120 million, TXSE stated that it is […]
https://news.bitcoin.com/new-us-stock-exchange-launching-in-texas-backed-by-blackrock-and-citadel/
The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating: “This whole dynamic of setting rules through enforcement … is really unproductive and not getting […]
https://news.bitcoin.com/ripple-president-says-sec-on-warpath-with-crypto-industry/
On June 5, 2024, the crypto derivatives exchange Bitmex announced it is offering 200x leverage for ethereum perpetuals ahead of the U.S. ether exchange-traded funds (ETFs) trading debut. Bitmex Ramps Up Ethereum Trading With 200x Leverage Offering According to a social media post on X published Wednesday, Bitmex is introducing 200x leverage perpetuals for ethereum […]
https://news.bitcoin.com/ahead-of-ether-etfs-debut-bitmex-introduces-200x-leverage-for-ethereum/
U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda advocates for the withdrawal of Staff Accounting Bulletin 121 (SAB 121), which sets guidelines for accounting crypto liabilities. He argues that the method of its issuance undermines the foundational checks and balances designed to prevent excessive administrative control. Despite bipartisan support for a resolution to repeal […]
https://news.bitcoin.com/sec-commissioner-advocates-for-withdrawal-of-sab-121-says-bidens-veto-was-unfortunate/
Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through a framework introduced by its securities regulator in 2022. Crypto Trading Not Linked to […]
https://news.bitcoin.com/associate-professor-rejects-alleged-link-between-nigerian-currency-depreciation-and-crypto-trading/
Franklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets to purchase shares represented by BENJI tokens. USDC Conversions Now Available for Franklin Templeton’s Onchain Fund on Benji Global […]
https://news.bitcoin.com/franklin-templeton-enables-usdc-conversions-on-benji-investments-platform/
Forget Dogecoin – a new meme coin has joined the market and is quickly becoming a hot topic. PlayDoge (PLAY) has raised over $2.5 million in just the first 10 days of its presale. With analysts now betting this “Tamagotchi x Doge” hybrid could be a potential breakout hit, let’s take a closer look at […]
https://news.bitcoin.com/playdoge-meme-coin-shoots-to-2-5m-in-opening-10-days-of-presale-as-analysts-predict-big-gains/
Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]
https://news.bitcoin.com/bitcoin-miner-bitdeer-expands-with-acquisition-of-asic-designer-desiweminer/
Local reports indicate that lines of several dozen people are waiting to purchase gold bullion from various state-owned banks in Vietnam, primarily in Hanoi and Ho Chi Minh. The interest in buying the precious metal at this time seems to be driven by the lower prices these banks offer to retail investors, in line with […]
https://news.bitcoin.com/gold-rush-long-lines-to-purchase-bullion-in-vietnam/
The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with each USDL backed 1:1 in U.S. dollar value. New ‘Lift Dollar’ Stablecoin Offers Daily Returns on […]
https://news.bitcoin.com/paxos-international-debuts-lift-dollar-stablecoin-with-daily-yields/
PRESS RELEASE. Bitname, the first name service provider encompassing the entire Bitcoin ecosystem, is introducing a new protocol standard, SRC101, for Bitcoin Stamps. It allows permanent storage of domain assets on Bitcoin and supports the interconversion and resolution of all Bitcoin address types. It also supports Bitcoin Layer2 and sidechain address linking through unique features. […]
https://news.bitcoin.com/bitname-introduces-the-first-full-scale-name-service-for-the-bitcoin-ecosystem/
Tezos, a blockchain known for its onchain governance system, has activated its 16th protocol upgrade, Paris, on mainnet on June 4th, 2024. This upgrade introduces the Data Availability Layer (DAL), which boosts Layer 2 throughput and unlocks new use cases in gaming, ticketing, and services requiring high-speed transactions. The upgrade also reduces block times to […]
https://news.bitcoin.com/tezos-activates-16th-upgrade-paris-boosting-throughput-and-performance/
Base Dawgz (DAWGZ), the new meme coin channelling the extreme thrills of base jumping, has come soaring out of the gates. This adrenaline-pumping token pulled in over $200,000 in the first 24 hours of its presale going live – and early investors are speculating that DAWGZ could be the next meme coin on the Base […]
https://news.bitcoin.com/new-base-chain-meme-coin-base-dawgz-raises-200k-on-first-day-of-presale/
The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law and protecting the economy from negative impacts. The commission has already secured nearly […]
https://news.bitcoin.com/nigerias-anti-graft-agency-announces-reward-for-whistleblowers-exposing-local-currency-abusers/
The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment […]
https://news.bitcoin.com/39-of-family-offices-investing-or-exploring-cryptocurrencies-bny-mellon/
Paolo Ardoino of Tether and Bobby Ong of Coingecko have warned of a potential supply chain attack on the crypto industry. They reported that a prominent vendor managing mailing lists for crypto companies may have been compromised, urging caution against phishing emails related to fake crypto airdrops. ‘Beware of Any Emails Suggesting Crypto Airdrops’ Paolo […]
https://news.bitcoin.com/tether-ceo-advises-caution-over-suspicious-airdrop-emails-citing-compromised-mailing-list-vendor/
Galaxy Digital CEO Mike Novogratz predicts bitcoin could hit $100,000 by year-end, citing a positive U.S. political environment for digital assets. He highlighted growing optimism for cryptocurrencies and progress on SEC approval of spot ethereum ETFs. However, the industry recently faced a setback when President Joe Biden vetoed a resolution to overturn the controversial crypto […]
https://news.bitcoin.com/mike-novogratz-expects-bitcoin-to-hit-100k-by-year-end-as-us-political-support-for-crypto-grows/
Singapore-based QCP Capital indicates that bitcoin could potentially exceed its all-time high of $73,794 this month by crossing the $74,000 threshold. The signals QCP emphasized were derived from bitcoin call options with June expiries. Several Market Observers See Bullish Bitcoin Momentum Ahead Several analysts and researchers have a positive outlook on bitcoin’s prices for June. […]
https://news.bitcoin.com/analysts-bullish-on-bitcoin-qcp-capital-foresees-new-all-time-highs-in-june/
Coinbase has introduced “smart wallets,” aimed at easing the entry into blockchain activities by eliminating complex processes and high fees associated with traditional crypto wallets. This new offering seeks to onboard over one billion users through simplified, gasless transactions and multi-chain support. Coinbase Introduces ‘Smart Wallets’ On June 5, 2024, Coinbase introduced its “smart wallets” […]
https://news.bitcoin.com/coinbase-launches-smart-wallets-in-bid-to-simplify-crypto-onboarding/