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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Roaring Kitty craze appears to be dwindling at a swift pace, as evidenced by Gamestop’s stock, GME, which has dipped between 3-5% against the U.S. dollar during Tuesday’s mid-day trading sessions. Similarly, the meme stock AMC Entertainment Holdings, or AMC, has also experienced a decrease of approximately 1.87%. According to the cryptocurrency market cap […]
https://news.bitcoin.com/meme-stocks-gme-amc-and-related-meme-coins-take-a-hit-as-roaring-kittys-influence-wanes/
PRESS RELEASE. Since its launch, Genso Meta has been actively developing applications that combine gaming and blockchain technology. Beyond Play2Earn, Genso introduced UGC2EARN, allowing players to create and profit from content. They’ve also partnered with Hikone Castle in Japan to blur the lines between the virtual and real world for their users. With over 340,000 […]
https://news.bitcoin.com/metaverse-project-genso-meta-announces-mv-chain-with-arbitrum-orbit-to-improve-user-experience/
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifies 63 banks as vulnerable, marking a concerning uptick […]
https://news.bitcoin.com/us-banking-sector-teeters-517b-unrealized-losses-63-troubled-institutions-flagged/
Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could support global daily transactions. Starkware Announces Plan to Enhance Bitcoin Scalability Using Zero-Knowledge Proofs Blockchain firm Starkware revealed its ambitious strategy to enhance Bitcoin’s scalability […]
https://news.bitcoin.com/starkware-aims-to-scale-bitcoin-using-zero-knowledge-technology/
The English football team Watford FC has partnered with the digital asset investment firm Republic to sell 10% of the club to fans and investors. Although fans won’t receive voting rights, the stake will provide dividends to holders. Watford FC Collaborates With Republic to Sell 10% Stake to Supporters Watford Football Club, commonly known as […]
https://news.bitcoin.com/watford-fc-partners-with-republic-to-offer-10-stake-to-fans-and-investors/
A Hong Kong Technology Crime Police Advisory Group has raised alarms about the rise in digital asset-linked crimes, urging the establishment of a regulatory framework to mitigate associated risks 👀
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The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen personal identification information to transfer the funds […]
https://news.bitcoin.com/us-media-executive-charged-in-67-million-fiat-to-crypto-money-laundering-scheme/
In a move to improve traditional cross-border payments, the Bank for International Settlements (BIS) has announced the launch of Project Rialto. This project aims to enhance instant cross-border payments by integrating a modular foreign exchange (FX) component with settlement in wholesale central bank digital currencies (CBDCs). The initiative, a collaboration between the BIS Innovation Hub […]
https://news.bitcoin.com/bis-plans-instant-cross-border-payments-using-wholesale-cbdc-settlement/
The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’ trademark bid withdrawal follows a furious community backlash that ultimately saw co-inventors of zero-knowledge proofs publicly chastise the developer. Community Backlash Ends Matter Labs’ ZK […]
https://news.bitcoin.com/community-backlash-forces-matter-labs-to-drop-zk-trademark-bid/
In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a website offering “hitman for hire” services, providing detailed information about the intended victim, […]
https://news.bitcoin.com/woman-pleads-guilty-to-using-bitcoin-for-dark-web-hitman/
The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The amendments address investment in recognized and unrecognized crypto tokens, custody and staking of crypto tokens, compliance with financial crime regulations including […]
https://news.bitcoin.com/dubai-financial-services-authority-updates-regulatory-framework-for-crypto-tokens/
Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering of stablecoins to regulated companies, categorizing them as “Regulated Stablecoins.” Binance will make phased […]
https://news.bitcoin.com/binance-announces-restrictions-on-unauthorized-stablecoins-in-eu-to-comply-with-mica-regulations/
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, […]
https://news.bitcoin.com/coinbase-raises-fairshake-super-pac-fund-by-25m-to-push-crypto-legislation/
According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition. Spending 200 Bitcoin Unveils Previous Transactions From 2013 On Monday, […]
https://news.bitcoin.com/sleeping-bitcoins-worth-13-87m-move-after-11-years-transfer-exposes-2013-whale/
Project Overview NOTCOIN NOTCOIN is recognized as the first breakout project within the Telegram ecosystem. Since the beginning of this year, NOTCOIN has rapidly gained traction due to its inherent meme appeal and easy Tap-to-Earn gameplay, attracting 5 million users within a week of launch, with peak daily active users exceeding 6 million. After its […]
https://news.bitcoin.com/notcoin-vs-uxlink-a-comparative-study-on-mass-adoption-strategies-in-web3/
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining in 12-Month Period, Discovers 15,651 Blocks Out of 53,528 In the […]
https://news.bitcoin.com/3-bitcoin-mining-pools-wield-69-of-total-hashrate-discovering-301-blocks-in-72-hours/
In a strategic move to bolster its zero-knowledge technology development, Polygon Labs has acquired Toposware, a zero-knowledge (ZK) engineering startup. The deal is aimed at integrating Toposware’s expertise with Polygon’s ongoing projects to advance the entire ZK community. Polygon Labs Targets Zero-Knowledge Tech Leadership With Toposware Buy On Tuesday, Polygon stated in a blog post […]
https://news.bitcoin.com/polygon-labs-acquires-toposware-to-enhance-zero-knowledge-tech-capabilities/
A new AI-powered meme coin project called WienerAI (WAI) is defying expectations. While its name might be comical, WienerAI has now raised over $4 million in its limited-time token presale phase. And with the rate of fundraising showing no signs of slowing down, early backers are now debating just how high WAI’s price could go […]
https://news.bitcoin.com/ai-powered-meme-coin-wienerai-raises-4m-in-presale-how-high-can-wai-go/
Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly banks. Deutsche Bank will issue local bank account numbers to Bitpanda users in Germany, facilitating fiat currency […]
https://news.bitcoin.com/deutsche-bank-and-bitpanda-collaborate-amid-crypto-banking-challenges/
PRESS RELEASE. Phoenix, USA, June 4th, 2024, Chainwire. Apu Apustaja, the memecoin exciting the entire crypto industry, is also a new sensation in the busy streets of New York City, where flashy billboards advertise the project to passersby and onlookers. The famous frog memecoin appears on 13 billboards set at various stops in Manhattan, including […]
https://news.bitcoin.com/apu-apustaja-memecoin-launches-high-visibility-billboard-campaign-in-new-york-city/
Reports indicate that the online brokerage platform Etrade might be considering removing Keith Gill, known as Roaring Kitty, due to concerns about Gamestop (GME) manipulation. The Etrade news emerged after Gill posted a screenshot of his Etrade account, displaying $65.7 million in Gamestop call options and $115 million in GME shares. The topic has sparked […]
https://news.bitcoin.com/etrade-investigates-keith-gills-gamestop-moves-social-media-questions-political-insider-trading/
Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should be prepared for digital currencies being […]
https://news.bitcoin.com/rwanda-develops-cbdc-to-avoid-falling-behind-central-bank-deputy-governor-says/
The official resource for ERC-6900, www.erc6900.io, has been launched, co-authored by the Ethereum Foundation, Alchemy, Circle, and Quantstamp. The website is a comprehensive guide to ERC-6900, a groundbreaking proposal that standardizes interfaces for composable smart accounts. The core idea behind ERC-6900 is to foster permissionless innovation by making it easier for developers to build secure, […]
https://news.bitcoin.com/erc-6900-website-launches-co-authored-by-ethereum-foundation-alchemy-circle-and-quantstamp/
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its […]
https://news.bitcoin.com/bitfarms-sees-42-revenue-drop-in-may-post-bitcoin-halving/
The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost $550 million was involved in digital asset crimes during 2023, with 90% of these cases involving […]
https://news.bitcoin.com/hong-kong-police-advisory-group-warns-of-surge-in-digital-asset-linked-crime/
According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried out in special circumstances due to the quantity of gold moved, may be repeated as India seeks to hold more gold domestically for logistical reasons […]
https://news.bitcoin.com/india-repatriates-100-tonnes-of-gold-from-uk-aims-to-move-more/
Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital collectibles and ensures the continued decentralization of the Flow blockchain. Dapper […]
https://news.bitcoin.com/dapper-labs-secures-favorable-settlement-in-class-action-lawsuit-involving-nba-top-shot-nfts/
Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $15.2 million and legal fees of $7.78 million. […]
https://news.bitcoin.com/liquidators-of-south-african-btc-scam-allocate-nearly-40-of-recovered-funds-to-legal-fees-and-taxes/
Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The platform integrates with Ideal, a popular online payment system in the Netherlands, for instant, fee-free deposits, and offers […]
https://news.bitcoin.com/okx-launches-crypto-exchange-and-wallet-in-the-netherlands/
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay $40 million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident of Virginia or Florida to underpay taxes. D.C. Nets […]
https://news.bitcoin.com/billionaire-bitcoin-advocate-michael-saylor-agrees-to-40-million-settlement-in-tax-evasion-case/