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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The investment landscape for digital assets continues to brighten, with a fourth consecutive week of inflows totaling $185 million, pushing the total for May to an impressive $2 billion. The latest Coinshares inflow report shows the influx has propelled year-to-date investments beyond the $15 billion threshold. Coinshares Tracks $2 Billion May Inflow Into Digital Assets […]
https://news.bitcoin.com/coinshares-reports-4th-consecutive-week-of-inflows-into-digital-asset-funds/
Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 billion in Russian assets. He further explained that Euroclear could face lawsuits if Western countries seize these […]
https://news.bitcoin.com/economist-jim-rickards-the-global-clearance-and-settlement-system-might-collapse-after-seizure-of-russian-assets/
Meme coins have made a comeback in the past few weeks – and one new token is separating itself from the pack. PlayDoge (PLAY), which combines the iconic “Doge” meme with play-to-earn (P2E) gaming, has already raked in $1.4 million less than a week into its presale. With that kind of traction, investors are buzzing […]
https://news.bitcoin.com/new-meme-coin-raises-1-4m-in-opening-week-of-presale-will-playdoge-explode/
Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin Network Hashrate Declines Sharply After Brief Uptick […]
https://news.bitcoin.com/bitcoin-mining-power-wanes-network-hashrate-drops-below-600-eh-s/
Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of […]
https://news.bitcoin.com/bitcoin-blockchain-records-3-82-billion-in-nft-sales-secures-fourth-largest-spot/
PRESS RELEASE. The Online Marathon 2024 event, which Incrypted team is organizing as part of Ukrainian Blockchain Week, will take place from June 20 to 22, 2024. This online conference will bring together leading representatives of the crypto industry. The event will provide an opportunity to become a part of a dynamic community that promotes […]
https://news.bitcoin.com/the-incrypted-team-will-host-the-online-marathon-2024/
Over the past hour, bitcoin’s price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion. Bitcoin Bitcoin’s daily chart highlights a major uptrend starting in early […]
https://news.bitcoin.com/bitcoin-technical-analysis-bulls-poised-for-next-leg-up-targeting-70k/
Unveil this year’s leading crypto gaming tokens with mBit Casino’s breakdown of the most promising tokens set to transform the gaming industry. 1. The Rise of Pixel Token As people delve into gaming tokens, one must recognize Pixel Tokens’ meteoric ascent. This native token has become a significant force in blockchain gaming, allowing players to […]
https://news.bitcoin.com/mbit-casino-explores-top-3-emerging-crypto-gaming-tokens-of-2024/
China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border […]
https://news.bitcoin.com/china-and-uae-praise-potential-role-of-cbdcs-in-cross-border-trade/
One of the leaders in the augmented reality industry, Magic Leap, announced on May 30 that it had partnered with Google to enhance the potential of augmented reality technologies. This new collaboration aims to release unique product offerings while further expanding the longstanding relationship between the two companies. Magic Leap’s Optics Expertise Combined With Google’s […]
https://news.bitcoin.com/google-partners-with-magic-leap-to-bolster-the-potential-of-augmented-reality-technologies/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down […]
https://news.bitcoin.com/latam-insights-paraguay-shuts-down-largest-illegal-bitcoin-mining-farm-to-date-argentina-and-el-salvador-discuss-bitcoin/
Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s view on inflation should be disregarded. Schiff explained that “all indicators point to a reacceleration of […]
https://news.bitcoin.com/nobel-laureate-paul-krugman-claims-inflation-bump-is-over-peter-schiff-says-krugmans-view-should-be-dismissed/
Veteran trader Peter Brandt, with over four decades of experience, has highlighted bitcoin’s consistent gains against gold since its inception, foreseeing that 100 ounces of gold will be needed to buy a bitcoin. Meanwhile, Peter Schiff has insisted that the cryptocurrency “has underperformed gold for the past 2.5 years.” Peter Brandt Foresees Bitcoin Hitting 100 […]
https://news.bitcoin.com/veteran-trader-peter-brandt-predicts-100-oz-of-gold-per-bitcoin/
After a period of intense scrutiny of the cryptocurrency industry, many speculated that the Biden administration had reversed its stance by allowing the U.S. Securities and Exchange Commission (SEC) to approve several spot ethereum exchange-traded funds (ETFs). However, President Joe Biden has vetoed the latest resolution intended to quash the SEC’s crypto asset rules in […]
https://news.bitcoin.com/crypto-voter-backlash-how-bidens-veto-may-have-cost-him-the-2024-election/
According to analytics, several prominent crypto influencers hold substantial amounts of money onchain. For example, Tron founder Justin Sun has more than $1 billion in crypto assets. Ethereum co-founder Vitalik Buterin’s associated addresses indicate holdings of $935.25 million in digital currencies. Alongside crypto influencers, celebrities also possess a substantial amount of digital assets onchain. Tracking […]
https://news.bitcoin.com/inside-the-crypto-fortunes-of-justin-sun-vitalik-buterin-and-other-influencers/
Both bitcoin and ethereum experienced a tepid week over the last seven days, with BTC seeing a slight increase of 0.5% and ETH declining by 3.8%. Conversely, several crypto assets posted gains, with notcoin (NOT) rising 214% against the U.S. dollar. NOT Tops the Charts With 214% Increase, TAO Declines 14% The TON-based crypto asset […]
https://news.bitcoin.com/this-weeks-crypto-gainers-and-losers-not-leads-with-214-gain-btc-and-eth-remain-flat/
Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia’s first ETF to directly hold bitcoin. Previously, Australian investors were limited to indirect bitcoin ETFs or offshore options, which did not offer the same investor protections established […]
https://news.bitcoin.com/australias-first-spot-bitcoin-etf-launching-tomorrow/
Meme stocks like Gamestop (GME) and meme coins associated with the GME and Wall Street Bets trend have experienced an upswing following Keith Gill’s return to Reddit. Gill, also known as “Roaring Kitty,” has sparked renewed interest. Over the past 24 hours, crypto assets such as GME and KITTY have seen triple-digit gains. GME and […]
https://news.bitcoin.com/meme-stock-and-gme-meme-coin-craze-rekindled-by-roaring-kittys-reddit-return/
Blockchain sleuth Zackxbt called out former boxing world champion Floyd “Money” Mayweather about his fraudulent token activities. Answering a now-deleted post on X where Mayweather promoted a Solana address for his token, Zackxbt asked if the boxer deserved a 13th chance, given the numerous failed and disappeared projects he had promoted before. Zackxbt stressed that […]
https://news.bitcoin.com/blockchain-sleuth-zackxbt-called-out-floyd-mayweather-on-token-scams/
China and the UAE have recognized the critical role of central bank digital currencies (CBDCs) in enhancing cross-border trade and investment. The two nations have committed to deepening cooperation on CBDCs, applauding the UAE's recent $13.6 million direct cross-border payment using the digital dirham.
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Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at […]
https://news.bitcoin.com/ethereum-technical-analysis-bulls-face-critical-resistance-at-3900/
Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to Warren and Cassidy, decentralized crypto exchange platforms are enabling the trafficking of Chinese-supplied fentanyl precursors. U.S. Senators Link Crypto […]
https://news.bitcoin.com/elizabeth-warren-crypto-prominent-in-the-global-fentanyl-trade-over-the-last-decade/
The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […]
https://news.bitcoin.com/decentralized-exchange-velocore-confirms-breach-reports-6-8-million-in-financial-losses/
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi. Mexican Billionaire Ricardo […]
https://news.bitcoin.com/mexican-billionaire-ricardo-salinas-urges-followers-to-buy-bitcoin-as-nigerian-naira-falls-under-a-satoshi/
Hong Kong police have issued a warning over the rise in counterfeit banknotes, with many cases linked to cryptocurrency scams. Between January and April, authorities seized 3,396 fake notes valued at HK$2.55 million (US$326,130), a significant increase from last year’s 553 notes worth HK$166,220. Three major cryptocurrency-related fraud cases led to the confiscation of 1,693 […]
https://news.bitcoin.com/hong-kong-police-warn-of-spike-in-counterfeit-banknotes-used-in-cryptocurrency-scams/
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches. […]
https://news.bitcoin.com/hong-kong-reveals-17-crypto-trading-platform-applicants-as-new-regulations-take-effect/
Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […]
https://news.bitcoin.com/coinbases-legal-chief-sec-is-bent-on-choking-the-digital-asset-industry/
Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions against alternatives for these operations. Crypto Used as […]
https://news.bitcoin.com/companies-turn-to-crypto-for-payments-as-g7-and-eu-mull-sanctions-on-russian-swift-equivalent/
The American Bankers Association, Bank Policy Institute, Financial Services Forum, and Securities Industry and Financial Markets Association sent a letter to President Joe Biden on May 31, urging him to sign the resolution passed by Congress to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). The letter outlines that SAB 121, issued without regulatory […]
https://news.bitcoin.com/banking-associations-support-resolution-to-overturn-secs-controversial-crypto-rules/
The pro-bitcoin president of El Salvador, Nayib Bukele, commenced his second term on June 1 at the National Palace in San Salvador, with his family and a large crowd in attendance. Despite rising economic concerns, Bukele’s popularity remains robust. His administration’s notable policies include adopting bitcoin as legal tender. During his first term, over 80,000 […]
https://news.bitcoin.com/pro-bitcoin-president-bukele-begins-second-term-in-el-salvador/