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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power from the government to the people,” and he is generally in favor of it. Musk: […]
https://news.bitcoin.com/elon-musk-says-crypto-can-shift-power-from-government-to-the-people-but-denies-discussing-crypto-with-trump/
PRESS RELEASE. UXLINK, a leading Web3 social platform and infrastructure provider, has reported a significant increase in profits, driven by its innovative business model and expanding ecosystem. For Users: UXLINK offers a platform where users can socially discover, participate in, and trade crypto assets through group interactions. This approach enhances user engagement and community building. […]
https://news.bitcoin.com/uxlinks-profit-rises-sharply-in-web3-social-infrastructure/
The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes, aiming to enhance Shibarium’s operational efficiency and the overall user experience. This was accomplished by introducing […]
https://news.bitcoin.com/shibariums-new-checkpoint-mechanism-cuts-ethereum-bridging-time/
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged […]
https://news.bitcoin.com/terraform-labs-do-kwon-reach-preliminary-settlement-with-sec/
Meme coin season is back in full swing as Pepe, Super Trump, and Brett experienced huge gains in May. Meanwhile, the new presale crypto WienerAI is emerging as a top prospect as its total raise surges toward $3.5 million. Are these meme coins set to continue their growth into June? PEPE, STRUMP, BRETT Bullish as […]
https://news.bitcoin.com/pepe-super-trump-brett-wienerai-lead-mays-top-meme-coin-gainers/
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has opened an international hub in El Salvador. The new entity, Ocean Mining S.A. de C.V., aims to promote Bitcoin's global decentralization and foster local blockchain education and development.
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Former President and Republican Presidential Candidate Donald Trump reportedly inquired about solving the U.S. national debt problem using bitcoin. Audio recorded by the Bitcoin.com News team confirmed that on an X space held on Sunday night, Bitcoin Magazine CEO David Bailey revealed that Trump asked if bitcoin could solve the $35 trillion U.S. national debt […]
https://news.bitcoin.com/trump-interested-in-using-bitcoin-to-solve-the-us-national-debt-problem/
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban. Education Ministry and Financial Intelligence Unit Favor Maintaining Ban South Korean universities are reportedly unable to convert cryptocurrency […]
https://news.bitcoin.com/south-korean-universities-face-banking-hurdles-in-converting-crypto-donations-to-cash/
Bitcoin.com is excited to announce the forthcoming launch of V-Card, which will enable anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist is live now at verse.bitcoin.com/card where you can sign up for the chance to win a free V-Card. V-Card: Transforming Crypto Spending V-Card is a prepaid debit card […]
https://news.bitcoin.com/bitcoin-com-to-launch-web3-debit-card-v-card/
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,” according to a press release. The company looks towards leveraging the […]
https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-establishes-global-hub-in-el-salvador/
PRESS RELEASE. The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails. This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s […]
https://news.bitcoin.com/fund-your-gnosis-pay-card-using-bitcoin/
The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration […]
https://news.bitcoin.com/security-focused-crypto-isac-debuts-with-founding-members-including-coinbase-kraken-circle/
The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is a criminal offense and will enforce compliance. Investors are advised to only trade […]
https://news.bitcoin.com/hong-kongs-grace-period-for-crypto-exchanges-ending-trading-platforms-must-obtain-license-by-june-1/
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork, including one leveraging Bitcoin’s Runes protocol for minting. Trump-Themed Meme […]
https://news.bitcoin.com/trump-coin-reaches-all-time-high-as-trump-themed-cryptos-see-major-gains/
Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available on Solana Blockchain Paypal Holdings Inc. (Nasdaq: PYPL) announced at […]
https://news.bitcoin.com/paypal-expands-pyusd-to-solana-blockchain-for-better-payment-solutions/
Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors, ensuring that Earn users will receive 100% of their digital assets back […]
https://news.bitcoin.com/2-18-billion-digital-assets-in-kind-returned-to-earn-users-gemini-says/
Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have climbed in 2024, Binance researchers say stakeholders across the ecosystem are poised to redefine Bitcoin’s infrastructure […]
https://news.bitcoin.com/bitcoins-scaling-dilemma-binance-report-sheds-light-on-btcs-enhancement-hurdles/
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops Inflows as U.S. Bitcoin ETFs Maintain Positive Streak Blackrock’s Ishares bitcoin trust (IBIT) led on May 29, with $24.5 million […]
https://news.bitcoin.com/blackrocks-ibit-and-fidelitys-fbtc-drive-28m-inflows-for-us-bitcoin-etfs/
On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto […]
https://news.bitcoin.com/iconic-auto-brand-delorean-partners-with-web3-agency-otherlife-to-launch-digital-marketplace/
On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during the Series A funding was not disclosed. HSBC Joins Forces With Marketnode to Revolutionize Digital Asset Solutions HSBC has backed Marketnode, […]
https://news.bitcoin.com/marketnode-secures-series-a-funding-led-by-financial-services-giant-hsbc/
The world’s largest asset manager, Blackrock, has updated its S-1 registration statement for the Ishares Ethereum Trust, which will be listed as “ETHA.” According to the update, ‘Seed Creation Baskets’ were acquired by the fund’s ‘Seed Capital Investor.’ Furthermore, several spot ether exchange-traded fund (ETF) applicants now have their respective tickers listed on the Depository […]
https://news.bitcoin.com/blackrock-advances-spot-ether-etf-with-sec-amendment-analyst-eyes-june-launch/
A new report by Signicat, the European digital identity and fraud prevention solutions provider, reveals that artificial intelligence (AI) is used in over a third of fraud attempts targeting financial institutions, with one in fifteen fraud attempts now using deepfakes. The study, titled “The Battle against AI-driven Identity Fraud,” found that 42.5% of detected fraud […]
https://news.bitcoin.com/ai-driven-fraud-on-the-rise-financial-institutions-unprepared-reveals-report/
A meme token named DOG•GO•TO•THE•MOON, created by Leonidas, the founder of Ord.io, has reached a new peak and is now the ninth-largest meme coin by market capitalization. At the time of writing, the token’s market value stood at $695 million. The Top 10 Meme Coins Now Have Bitcoin-Centric Member A new meme coin has entered […]
https://news.bitcoin.com/bitcoin-based-dog-token-climbs-to-9th-largest-meme-coin-sees-216-rise-in-30-days/
Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according to the company. The fee reduction applies […]
https://news.bitcoin.com/paxful-slashes-gift-card-fees-by-80-volumes-and-interest-surge/
The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency and warned that the country’s unclear position could be costing the country. The committee also urged the government of Bola Tinubu to develop the capital and crypto markets to defend the local currency. Nigeria’s Ambiguous Stance on Crypto The Nigerian Senate […]
https://news.bitcoin.com/nigerian-senate-committee-regulated-crypto-trading-a-boost-for-local-currency/
The Zkasino team announced on May 28 that it had initiated a two-step bridge back process, allowing users to retrieve their ethereum tokens. Users have between May 28 and May 31 to bridge back their funds, after which the signup process will be closed, and deposits will be halted. Rug Pull Allegations The team behind […]
https://news.bitcoin.com/web3-gaming-platform-zkasino-kickstarts-process-enabling-users-to-retrieve-ethereum-tokens/
The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6-2.8% for 120 days on investments between $50 and $49,999, they lured […]
https://news.bitcoin.com/texas-issues-emergency-cease-and-desist-against-arkbits-crypto-operations/
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into a hub for the bitcoin and AI communities — two of the most significant economic and technological […]
https://news.bitcoin.com/ark-ceo-cathie-wood-talks-bitcoin-with-el-salvadors-president-applauds-his-vision-for-btc-hub/
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, […]
https://news.bitcoin.com/sec-ordered-to-pay-1-8m-for-misconduct-debt-box-hails-monumental-victory-for-crypto-industry/
Blocksquare, a real estate tokenization protocol, has announced that it has tokenized $100 million in properties across various sectors. The team believes this marks a significant advancement in the digital real estate market, facilitated by the launch of their new decentralized finance (defi) platform, Oceanpoint v0.5. From Hotels to Healthcare: Blocksquare Tokenizes $100 Million in […]
https://news.bitcoin.com/rwa-protocol-blocksquare-announces-100-million-tokenization-of-real-estate-assets/