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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […]
https://news.bitcoin.com/bloombergs-mike-mcglone-recession-fears-could-drive-gold-to-3000/
The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish […]
https://news.bitcoin.com/cryptoquant-insights-warn-bitcoins-mvrv-ratio-signals-bearish-turn/
Justin Sun Delivers Keynote and Fireside Chat at ABS2024, TRON DAO Featured as Title Sponsor. Read all about it here: https://news.bitcoin.com/justin-sun-delivers-keynote-and-fireside-chat-at-abs2024-tron-dao-featured-as-title-sponsor/
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Automobili Lamborghini and Animoca Brands, known for non-fungible tokens (NFTs), Web3 gaming, and the metaverse, have announced a collaboration to enhance brand engagement in the automotive industry. This partnership aims to deliver unique experiences for Lamborghini’s fans and customers by integrating digital technologies. Creative design studio Gravitaslabs and Motorverse, a global ecosystem for digital vehicles […]
https://news.bitcoin.com/automobili-lamborghini-partners-with-nft-gaming-giant-animoca-brands/
With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market […]
https://news.bitcoin.com/stablecoin-economy-swells-by-1-53b-in-3-days-amid-market-rebound/
On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted Fed Chair Jerome Powell’s actions concerning interest rates, particularly critiquing the timing and lack of cuts. “A little bit […]
https://news.bitcoin.com/trump-suggests-presidents-should-weigh-in-on-fed-policies-jabs-at-powells-interest-rate-timing/
PRESS RELEASE. Geneva, Switzerland, August 9, 2024 – The Asia Blockchain Summit 2024 (ABS2024), featured TRON DAO as a Title Sponsor and welcomed TRON founder Justin Sun to deliver a keynote speech. Sun also participated in a thought-provoking fireside chat with Song Hongbin, author of “Currency Wars”. The summit convened leaders from Web3, and various […]
https://news.bitcoin.com/justin-sun-delivers-keynote-and-fireside-chat-at-abs2024-tron-dao-featured-as-title-sponsor/
Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has integrated into its wallet, games, news, and education platform a debit card that empowers users to spend their cryptocurrency seamlessly at any location Mastercard® is accepted. V-Card is now available in the Bitcoin.com app and on Bitcoin.com’s website here. “This is a game-changer […]
https://news.bitcoin.com/bitcoin-com-launches-v-card-debit-card-in-self-custody-bitcoin-and-crypto-defi-wallet-app/
Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to the Garda […]
https://news.bitcoin.com/irish-authorities-seize-7-1m-in-cryptocurrency-amid-darknet-money-laundering-bust/
On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000 digital currencies, saw an 11.29% rise over the past 24 hours, with many assets enjoying double-digit gains. Bitcoin Hits […]
https://news.bitcoin.com/bitcoin-breaks-past-the-60k-threshold-jumps-26-in-3-days/
Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s efforts to engage with the crypto sector. Additionally, the Democrats have launched a “Crypto for Harris” initiative to help Vice President Kamala Harris gain support from the cryptocurrency community. Biden-Harris […]
https://news.bitcoin.com/democrats-launch-crypto-for-harris-white-house-officials-address-industry-concerns/
On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.4933 to […]
https://news.bitcoin.com/following-court-ruling-xrp-price-skyrockets-as-south-korea-leads-the-charge/
Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the […]
https://news.bitcoin.com/avraham-eisenberg-seeks-acquittal-of-mango-markets-conviction/
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered […]
https://news.bitcoin.com/us-court-orders-ftx-and-alameda-to-pay-fraud-victims-12-7-billion-in-historic-cftc-recovery/
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of […]
https://news.bitcoin.com/elixirs-yield-bearing-deusd-stablecoin-sees-12071-growth-in-24-hours/
PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming […]
https://news.bitcoin.com/nexio-raises-2-2m-in-pre-seed-funding-launches-parallelized-bitcoin-rollup-to-revolutionize-bitcoins-scalability/
Investors are going mad for meme coins again, and this time, Brett (BRETT) is benefiting. This Base chain meme coin has soared past the $0.10 level this week. Meanwhile, a newer contender, Base Dawgz (DAWGZ), is already building a strong position in its ICO – raising over $2.8 million from early backers. BRETT Bounces Back […]
https://news.bitcoin.com/brett-price-rises-above-0-1-as-base-dawgz-ico-nears-3m/
The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024. Bitcoin’s Early Bull […]
https://news.bitcoin.com/plan-b-predicts-bitcoin-still-on-track-to-hit-100k-in-2024-despite-early-bull-market/
The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and […]
https://news.bitcoin.com/us-bitcoin-etfs-soar-with-192m-boost-ethereum-etfs-record-modest-loss/
PRESS RELEASE. SINGAPORE — 9th August 2024 — TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event, alongside South African DJ and […]
https://news.bitcoin.com/whomadewho-da-capo-to-headline-after-2049-singapores-biggest-pre-formula-1-party/
Andrena, a U.S.-based internet service provider, has announced the completion of an $18 million extended Series A funding round led by Dragonfly Capital, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi. The funds will be used to develop Dawn, a Solana-based decentralized broadband distribution network. Andrena Raises $18 […]
https://news.bitcoin.com/andrena-raises-18-million-to-develop-solana-based-depin-broadband-protocol-dawn/
The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its Anti-Money Laundering (AML) protocols and limit risks associated with its digital asset clients. This move underscores the increasing regulatory scrutiny on financial […]
https://news.bitcoin.com/federal-reserve-cracks-down-on-customers-banks-crypto-strategy/
Venezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country. Paradoxically, using X, Maduro called for an end to “plans […]
https://news.bitcoin.com/venezuelan-president-nicolas-maduro-announces-10-day-block-of-x-signal-also-affected/
Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitment to improving cryptocurrency security. Binance Recovers $73 Million in Stolen User Funds Crypto exchange Binance announced on Wednesday that its security team […]
https://news.bitcoin.com/binance-security-team-recovers-73-million-in-stolen-crypto-funds-this-year/
The U.S. Securities and Exchange Commission’s former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risks to retail investors and potential career consequences for advisors. He warned that the advisors could risk their Certified Financial Planner credentials if they fail to adhere to […]
https://news.bitcoin.com/former-sec-official-urges-15000-morgan-stanley-advisors-to-say-no-to-bitcoin-etfs-citing-mammoth-risk/
The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Brazilian SEC Pioneers Solana Spot ETF Approval Solana […]
https://news.bitcoin.com/brazilian-regulator-approves-solana-spot-etf/
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action […]
https://news.bitcoin.com/federal-reserve-cites-significant-deficiencies-in-customers-bancorps-aml-compliance/
The team behind Hamster Kombat, the popular TON network-based tap-to-earn game, has announced the development of a gaming ecosystem to create demand for its upcoming token. They declared that this initiative would help differentiate Hamster Kombat from other similar projects and that each game would offer different rewards to participants. Hamster Kombat Develops Gaming Ecosystem […]
https://news.bitcoin.com/hamster-kombat-announces-new-gaming-ecosystem-to-boost-demand-for-upcoming-token/
Bitcoin has soared past $59,800, contributing to a 5.6% surge in the overall crypto economy, which now stands at approximately $2.07 trillion. This rally also triggered $212 million in liquidations, causing ripples among traders.
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The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day. Crypto Economy […]
https://news.bitcoin.com/bitcoin-smashes-59800-as-212m-in-liquidations-rattle-traders/