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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price […]
https://news.bitcoin.com/investors-accumulate-as-bitcoin-dips-record-transfer-to-long-term-wallets/
The largest cryptocurrency exchange by trading volume, Binance, is set to introduce toncoin (TON) trading pairs on Aug. 8, leading to a more than 10% increase in TON’s value against the U.S. dollar. Currently, TON is trading within a range of $5.36 to $6.41 over the past day, making it the eighth largest crypto asset […]
https://news.bitcoin.com/ton-climbs-10-ahead-of-binance-listing/
U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs. Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses On Wednesday, sosovalue.xyz stats show the 12 U.S. spot bitcoin ETFs saw […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-record-45m-inflows-as-ether-etfs-see-24m-outflows/
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex to maintain. Users will still have the option to […]
https://news.bitcoin.com/mutiny-to-cease-operations-amid-technical-challenges-in-bitcoin-lightning-wallet-development/
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]
https://news.bitcoin.com/goldman-sachs-ceo-fed-unlikely-to-cut-rates-before-september/
Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a customizable widget that developers can embed in apps or websites. This widget offers a seamless checkout experience optimized for cryptocurrency conversion and instant settlement. Developers […]
https://news.bitcoin.com/bitstamp-and-stripe-collaborate-for-eu-crypto-onramp/
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https://news.bitcoin.com/donbet-casino-launches-exciting-mini-games-promotion-with-up-to-e600-bonus/
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business […]
https://news.bitcoin.com/zimbabwe-to-unveil-de-dollarization-roadmap-says-government-official/
Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]
https://news.bitcoin.com/ripple-and-difc-partner-to-drive-blockchain-and-crypto-adoption-in-uae/
Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive. Richard Teng Discusses Market Declines, Advises Caution […]
https://news.bitcoin.com/binance-ceo-recent-market-declines-are-not-a-long-term-negative-trend/
District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]
https://news.bitcoin.com/ripple-hails-victory-as-judge-cuts-secs-penalty-request-by-94-in-final-judgment-of-xrp-case/
Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach a bottom and jump in “with both […]
https://news.bitcoin.com/economist-jim-rickards-highlights-gold-movement-during-market-meltdowns/
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low Hashprice […]
https://news.bitcoin.com/bitcoin-mining-profits-crushed-by-record-difficulty-and-historic-hashprice-drop/
Following Kamala Harris’s decision to select Minnesota Governor Tim Walz as her running mate, a new meme coin on the Solana blockchain emerged, named tem walz (WALZ). The token experienced a spike on Tuesday, coinciding with Harris’s announcement, with its market cap nearly touching $1 million. However, today, the market valuation of WALZ has decreased […]
https://news.bitcoin.com/walz-meme-coin-skyrockets-after-harriss-vp-pick-now-its-on-a-downward-spiral/
Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. Grayscale Rolls Out Bittensor and Sui Trusts for Accredited Investors According to Grayscale, […]
https://news.bitcoin.com/grayscale-launches-2-new-crypto-trusts-focused-on-ai-and-scalable-blockchain-tech/
Pepe Unchained (PEPU) is going viral with its unique approach: combining the hype of meme coins with the power of layer-2 technology. This project has already passed $7.5 million in its presale, proving its ability not only to withstand weather market storms – but thrive in them. Pepe Unchained – The New Meme Coin with […]
https://news.bitcoin.com/meme-coins-meet-layer-2-tech-with-pepe-unchained-as-presale-passes-7-5m-mark/
According to prediction market Polymarket, former President Donald Trump and current Vice President Kamala Harris are now evenly matched in the 2024 election race. Initially, Trump led Harris following the announcement by President Joe Biden that he would not seek re-election in November. 2024 Election Odds: Trump and Harris Locked in Dead Heat As of […]
https://news.bitcoin.com/polymarket-bets-predict-a-nail-biter-trump-and-harris-dead-even-in-2024-race/
Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […]
https://news.bitcoin.com/nairobi-securities-exchange-valour-sign-mou-to-enable-trade-of-digital-asset-etps-in-africa/
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singapore’s […]
https://news.bitcoin.com/bitgo-secures-major-payment-institution-license-in-singapore/
PRESS RELEASE. Geneva, Switzerland – August 8th, 2024 – Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement […]
https://news.bitcoin.com/messari-and-cryptorank-research-highlight-trons-surging-onchain-activity/
The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian central bank envisions similar auctions in the coming weeks, depending on market conditions. The NBE said banks keen on participating must submit their bids on the date of the sale. According to the Ethiopian apex […]
https://news.bitcoin.com/ethiopia-announces-launch-of-forex-auction-sale-days-after-birr-float/
The IMF reports positive advancements in discussions with El Salvador aimed at strengthening public finances and addressing risks associated with Bitcoin. This collaboration marks a significant step towards fiscal reform and increased economic stability in the nation.
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The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal […]
https://news.bitcoin.com/el-salvador-and-imf-advance-talks-on-bitcoin-risk-mitigation-and-economic-reforms/
Microstrategy’s executive chairman, Michael Saylor, has revealed that he continues to add to his personal bitcoin holdings, which total at least 17,732 BTC. He disclosed this amount four years ago and has not sold any since, continuing to buy more. Saylor views bitcoin as an ideal investment for individuals, families, corporations, and countries. Meanwhile, Microstrategy […]
https://news.bitcoin.com/michael-saylor-continues-to-expand-his-1-billion-personal-bitcoin-holdings/
Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price could soar to “hundreds of thousands of dollars, maybe $1 million.” Arthur Hayes Predicts Aggressive Financial Measures and Soaring Crypto Prices Arthur Hayes, […]
https://news.bitcoin.com/arthur-hayes-predicts-your-crypto-will-rise-with-trump-or-harris-bitcoin-to-go-very-very-high/
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an […]
https://news.bitcoin.com/bitcoin-premium-climbs-to-6-in-south-korea-amid-market-turbulence/
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around […]
https://news.bitcoin.com/ethena-labs-expands-usde-to-solana-reveals-gradual-sol-integration/
Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” […]
https://news.bitcoin.com/donald-trump-jr-teases-huge-crypto-news-says-defi-is-the-future/
PRESS RELEASE. HODL Digital Services, the premier provider of Buy and Sell Bitcoin ATMs in Canada, is proud to announce its continued expansion across the country. With an extensive network of machines located in Nova Scotia, Quebec, Ontario, Manitoba, and now in Alberta. HODL Bitcoin ATMs offer unparalleled convenience for buying and selling Bitcoin, Litecoin, […]
https://news.bitcoin.com/hodl-digital-services-expands-as-canadas-leading-bitcoin-atm-network/
Ronin Network stated that digital assets worth $12 million, siphoned by so-called white hat hackers on August 6, were returned in full the same day. The Ronin team mentioned that they paused the bridge approximately 40 minutes after the first on-chain action was detected. The team also assured users that their funds were “safe and […]
https://news.bitcoin.com/ronin-network-reclaims-12-million-in-stolen-digital-assets/