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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
PRESS RELEASE. The premier blockchain platform, B2BinPay, has been significantly upgraded. The newest version now includes TRX staking and supports a wider range of blockchains, providing clients with increased flexibility and efficiency. The following sections explore how these enhancements improve the user experience with B2BinPay. TRX Staking – Earn Rewards as Transactions are Made A […]
https://news.bitcoin.com/b2binpay-v20-boosted-capabilities-with-trx-staking-and-expanded-blockchain-integration/
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full reimbursement for affected customers, DMM Bitcoin plans […]
https://news.bitcoin.com/hacked-japanese-crypto-exchange-to-raise-50-billion-yen-to-repay-customers/
On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday. U.S. Spot Bitcoin ETFs Secure Over $61 Billion in BTC Holdings Spot bitcoin ETFs have been experiencing daily inflows […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-record-second-highest-inflows-at-886-6m-led-by-fidelitys-fbtc/
Ukrainian authorities have dismantled an international crypto fraud ring, arresting 14 suspects who operated deceptive call centers promising lucrative cryptocurrency investments. The suspects reportedly persuaded victims from multiple countries to invest in cryptocurrency, ultimately transferring their funds to the criminals' electronic wallets and bank cards.
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Bitcoin, priced at $70,875, has exhibited strong bullish trends within the last 24 hours, with intraday prices ranging from $68,819 to $71,339. The cryptocurrency boasts a market capitalization of $1.39 trillion and a 24-hour trade volume of $37.14 billion. Analyzing the 1-hour, 4-hour, and daily charts alongside oscillators and moving averages indicates continued positive momentum, […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-bulls-target-upper-resistance-aiming-for-new-highs/
PRESS RELEASE. [TORONTO, JUNE 5, 2024] – RYO Coin is proud to announce its role as the Title Sponsor for Canada’s largest Web3 event, the 6th Annual Blockchain Futurist Conference, taking place from August 13-14, 2024 in Toronto, Canada. As a leading project from Japan, RYO Coin is a revolutionary crypto asset designed for everyday […]
https://news.bitcoin.com/japans-premier-web3-project-ryo-coin-becomes-a-title-sponsor-for-canadas-largest-web3-event/
Binance Coin (BNB) has reached a new all-time high (ATH) of $708 at the time of writing, following a 12% increase in price. BNB is the native cryptocurrency of the Binance platform, one of the largest and most popular cryptocurrency exchanges in the world. It was launched in July 2017 and is used for various […]
https://news.bitcoin.com/bnb-soars-to-new-heights-hits-new-all-time-high-of-708/
The Argentine securities watchdog (CNV) announced the official launch of Argentina’s Virtual Assets Service Provider (VASP) Registry, allowing almost 100 companies and individuals to apply to be authorized to offer digital assets linked services in the country. The registry will remain open for more companies to submit their application, given that the regulator will only […]
https://news.bitcoin.com/argentina-officially-launches-virtual-assets-service-providers-registry/
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine months ago. The plaintiffs allege unauthorized transfers of their funds shortly […]
https://news.bitcoin.com/first-civil-lawsuit-filed-against-crypto-platform-jpex-for-alleged-fraud/
The Central Bank of Qatar recently announced the completion of the infrastructure development supporting an in-house-built CBDC. The bank estimates that the project will enter its experimental stages this year in October, allowing several national and international banks to test the functionality of this pilot by facilitating large payments among them. Qatar Announces CBDC Experimental […]
https://news.bitcoin.com/central-bank-of-qatar-announces-cbdc-project/
A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use of the digital euro as very important or […]
https://news.bitcoin.com/study-half-of-surveyed-germans-imagine-using-a-digital-euro-as-an-additional-payment-option/
A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold off” their meme coins when market sentiment soured. ‘We Saw a Large […]
https://news.bitcoin.com/bybit-report-shows-growing-popularity-of-meme-coins-among-institutional-and-retail-investors/
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay a pecuniary penalty. The Federal Court judge criticized […]
https://news.bitcoin.com/australian-court-exempts-block-earner-from-paying-penalty-criticizes-regulators-misleading-press-release/
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying […]
https://news.bitcoin.com/ftx-reaches-settlement-with-irs-on-24-billion-tax-claim/
On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.” NYSE Disruptions Trigger Stock Falls; […]
https://news.bitcoin.com/edward-snowden-on-nyse-trading-halts-bitcoin-fixes-this/
After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations. Trump’s Crypto Portfolio Doubles Donald Trump’s crypto wallet has grown significantly over the past five days, and data […]
https://news.bitcoin.com/meme-coin-trog-boosts-donald-trumps-crypto-holdings-to-31m/
With bitcoin exceeding $70,000 on Wednesday, the leading meme coins experienced notable increases over the last 24 hours. Shiba inu (SHIB) advanced 7.7% in the past day, while dogecoin (DOGE) rose 2.1%. Among the top five meme coins by market capitalization, floki (FLOKI) saw a 21.2% increase over the past day. However, BODEN emerged as […]
https://news.bitcoin.com/meme-coin-market-rises-4-6-with-presidential-meme-token-boden-leading-the-pack/
Bitcoin has climbed past $70,000 and is now the world’s ninth-largest asset by market capitalization, among many publicly traded companies and precious metals. Despite overtaking silver’s market value in March, the leading cryptocurrency must reach $84,740 per coin to match silver’s current $1.67 trillion valuation. Bitcoin Is Now in 9th Place Among the World’s Largest […]
https://news.bitcoin.com/bitcoin-must-hit-84740-to-match-silvers-market-cap-over-800000-to-surpass-gold/
The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10. The jurisdiction for Utah, previously held by SLRO, will now be managed by the […]
https://news.bitcoin.com/sec-closing-salt-lake-regional-office-after-failed-legal-battle-against-crypto-firm/
Between 72% and 80% of Africa’s total artisanal gold production is often undeclared for export, a new study has found. A significant portion of this gold is said to often end up in major gold-importing countries, such as the United Arab Emirates. According to a new study by Schulz and Ummel, Switzerland has a unique […]
https://news.bitcoin.com/swissaid-study-three-quarters-of-africas-artisanal-gold-goes-undeclared-for-export/
Ledger Live has announced a strategic partnership with Crypto.com Pay to integrate its on-ramp digital payments technology into Ledger’s software. This integration will enable Ledger Live app users to conveniently purchase over 300 cryptocurrencies using the Crypto.com Pay On-ramp payment gateway. The new feature, which offers a fast checkout experience for verified customers to buy […]
https://news.bitcoin.com/ledger-live-enhances-user-experience-with-crypto-com-pay-on-ramp-integration/
The Runes-based meme token DOG•GO•TO•THE•MOON, initiated by Leonidas, the founder of Ord.io, has reached a new pinnacle in its journey. It has ascended to become the 8th-largest meme coin by market capitalization. The token, which combines the fun of a meme coin with the trust of Bitcoin and the efficiency of the Runes protocol, has […]
https://news.bitcoin.com/bitcoin-based-dog-token-climbs-to-8th-largest-meme-coin-nears-1b-capitalization/
The memecoin FLOKI recently crossed 417,400 holders on the BNB Chain, making it the biggest memecoin on that blockchain by market capitalization and number of holders. Recently, the Floki developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB Chain network, charging a 1% fee, with 50% of […]
https://news.bitcoin.com/floki-token-reaches-417400-holders-leading-memecoin-on-bnb-chain/
Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official verification, added credibility to the fraudulent posts. The hijacked account was used to reply to tweets, […]
https://news.bitcoin.com/microsoft-india-account-hijacked-by-crypto-scammers/
Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine detained 14 suspects, including the alleged organizers, and seized 12 luxury cars, 136 units of computer equipment, 951 SIM cards, 455 starter packs, and significant […]
https://news.bitcoin.com/ukrainian-police-bust-international-crypto-fraud-ring-14-arrested/
The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged Fund Not For Retail Investors (ONE-BTCETFOF-UI),” is accessible exclusively to institutional investors and high-net-worth individuals from May […]
https://news.bitcoin.com/thailands-sec-approves-bitcoin-etf-fund-for-wealthy-investors/
Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that the cryptocurrency has already peaked this cycle. ‘The High of This Bull […]
https://news.bitcoin.com/peter-brandt-predicts-bitcoin-bull-market-with-btc-potentially-reaching-150000/
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its […]
https://news.bitcoin.com/digital-yuan-app-drops-pilot-description-hints-at-change-to-production-ready-status/
Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin could reach that level pushed by the adoption of countries […]
https://news.bitcoin.com/vc-billionaire-chamath-palihapitiya-explains-the-500000-bitcoin-case-countries-will-become-dual-currency/
The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin’s Price Stabilizes Above $70,000 Bitcoin remains steady above $70,000 at 1:05 p.m. EDT on June […]
https://news.bitcoin.com/bitcoin-surpasses-70000-reaches-intraday-high-of-71031/