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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […]
https://news.bitcoin.com/jpmorgan-prepares-investors-for-september-rate-cut-with-dual-investment-approach/
Eric Trump, son of former President Donald Trump, recently shed some light on the mysterious crypto project that he and his brother, Donald Trump Jr., have been hinting at. In an exclusive interview with the New York Post, Trump revealed that the project revolves around “digital real estate.” He emphasized that this venture is “equitable” […]
https://news.bitcoin.com/eric-trump-interview-teases-digital-real-estate-crypto-venture/
Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by broader financial factors. Jack Mallers, the founder of Strike, shares this sentiment, asserting that “bitcoin is the best expression of […]
https://news.bitcoin.com/golds-bull-run-inspires-bitcoin-forecasts-insights-from-fred-krueger-and-jack-mallers/
Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum funds experienced a $15 million dip. Mixed Results for Crypto ETFs: Bitcoin Gains $36M, Ethereum Drops $15M Ether ETFs, in particular, saw further […]
https://news.bitcoin.com/bitcoin-etfs-see-36m-inflows-as-ethereum-funds-shed-15m/
In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, […]
https://news.bitcoin.com/this-weeks-nft-sales-slump-11-66-will-the-downtrend-turn-around/
International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating […]
https://news.bitcoin.com/imf-economists-suggest-electricity-tax-to-lower-crypto-and-ai-environmental-impact/
A Brazilian federal judge has ordered criminal charges against Johann Steynberg, the late CEO of the bitcoin trading platform Mirror Trading International (MTI), to be dropped after a police investigation confirmed reports of his death. The order was handed down by Judge Silvio Gemaque, who said Steynberg’s death certificate was added to the case file. […]
https://news.bitcoin.com/brazilian-judge-ends-inquiry-into-bitcoin-ponzi-scheme-masterminds-death/
This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo throughout the cryptocurrency community, underscoring his deep insight into the development of digital cash systems. From RPOW to Bitcoin Hal Finney was […]
https://news.bitcoin.com/remembering-hal-finneys-vision-the-20th-anniversary-of-reusable-proofs-of-work/
In a new proposal, financial analyst Peter St. Onge argues that saving the U.S. dollar is feasible by reverting to the gold standard, which he believes could safeguard against the pitfalls of the central banking system. This approach has garnered attention amidst ongoing debates about the future of monetary policy.
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In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected […]
https://news.bitcoin.com/dubai-court-recognizes-cryptocurrency-for-salary-payments/
Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […]
https://news.bitcoin.com/financial-analyst-peter-st-onge-states-saving-the-dollar-is-easy-return-to-the-gold-standard/
A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […]
https://news.bitcoin.com/hedge-funds-and-brokerages-dominate-bitcoin-assets-coinshares-13f-filing-analysis-shows/
The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering and terrorism financing. Nigerians Feel Economic Pain The […]
https://news.bitcoin.com/nigeria-seizes-37-5m-in-digital-assets-after-court-grants-freezing-order/
According to data gathered by Arkham Intelligence, Blackrock’s onchain assets are inching closer to outpacing Grayscale’s crypto holdings. As of Friday, Grayscale’s onchain value stood at approximately $21.33 billion, while Blackrock’s portfolio was around $21.02 billion. Grayscale Faces Fierce Competition as Blackrock’s Onchain Assets Climb Blackrock’s collection of onchain digital assets is nearing a point […]
https://news.bitcoin.com/blackrock-edges-closer-to-surpassing-grayscale-in-onchain-crypto-assets/
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session. A Dive Into Thursday’s Crypto ETF Landscape U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows. Fidelity’s FBTC […]
https://news.bitcoin.com/us-bitcoin-etfs-gain-11m-ether-etfs-slip-by-39m-on-thursday/
Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $2.1 billion through stock offerings since […]
https://news.bitcoin.com/bitcoin-miner-bitdeer-unveils-150m-convertible-notes-offering-with-8-5-yield/
The Holonym Foundation has secured $5.5 million in seed funding to revolutionize digital identity security for the decentralized web. This initiative aims to establish a new standard of global digital personhood while enhancing individual privacy and control over personal data.
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PRESS RELEASE. 17th August, 2024: Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge […]
https://news.bitcoin.com/holonym-foundation-emerges-with-5-5-million-seed-funding-to-provide-global-digital-personhood-with-human-keys/
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second Best’ index once hinted that investing in ethereum might have been a wiser choice for Microstrategy, the gap […]
https://news.bitcoin.com/microstrategys-bitcoin-holdings-catch-up-to-theoretical-ether-profits-without-staking/
Recently, Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (WHO), officially declared that the Mpox outbreak, commonly known as monkeypox, is now a public health emergency of international concern. Following this announcement, Polymarket users have started placing bets on whether Mpox will be categorized as a pandemic in 2024. Polymarket Bettors Give […]
https://news.bitcoin.com/pandemic-fears-ignite-as-mpox-outbreak-leads-to-high-stakes-betting-on-polymarket/
The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora remittances policy. According to the RBZ, the market had misconstrued a video on social media in […]
https://news.bitcoin.com/zimbabwe-central-bank-denies-forced-remittance-conversion-claims/
The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and ethereum, the office is organizing a specialized training program for local law enforcement agencies. This initiative aims to equip detectives and officers with […]
https://news.bitcoin.com/clay-county-intensifies-efforts-against-cryptocurrency-scams/
Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new features like auto-start and crypto-clipping. The malware was traced back to a developer linked to the Agent Tesla threat actor “Fucosreal.” During debugging, […]
https://news.bitcoin.com/crypto-stealing-malware-styx-stealer-exposed-by-hackers-critical-mistake/
Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […]
https://news.bitcoin.com/binance-goes-live-in-india-full-access-for-indian-users/
21shares, a company focused on providing crypto-based exchange-traded products (ETP), recently highlighted the growth of its Toncoin-focused product. The organization, which manages over $3 billion for its customers, celebrated the milestone of its Toncoin Staking ETP reaching over $100 million in assets under management (AUM). The product has become the most popular TON tracking option […]
https://news.bitcoin.com/21shares-toncoin-etp-reaches-over-100-million-in-assets-under-management/
Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to 2022. Binance […]
https://news.bitcoin.com/binance-pays-1-75-million-to-settle-irregular-derivatives-offering-procedure-in-brazil/
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […]
https://news.bitcoin.com/paypals-pyusd-supply-swells-by-140-9m-in-10-days-becomes-sixth-largest-stablecoin/
Blackrock is reportedly closing in on surpassing Grayscale in onchain crypto assets, according to data from Arkham Intelligence. This shift highlights the evolving landscape of digital asset management and increasing competition in the cryptocurrency sector.
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Mega Dice, the popular Solana-based casino, has just hit a huge milestone. The presale for its native Mega Dice Token (DICE) has now passed $1.7 million – with many early backers believing it could be the next big thing in GambleFi. Mega Dice Casino Passes $1.7M in Presale for DICE Mega Dice is quickly making […]
https://news.bitcoin.com/solanas-gamblefi-star-mega-dice-token-raises-1-7m-in-trending-presale-event/
PlayDoge (PLAY) is proving that even in the meme coin world, it’s possible to shake things up. This new Play-to-Earn (P2E) project has just passed the $6 million mark in its presale. But does PlayDoge have what it takes to make a real impact when it hits DEXs later this year? Investors Race to Secure […]
https://news.bitcoin.com/new-p2e-meme-game-playdoge-raises-6m-in-presale-will-play-rally-after-dex-listing/