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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Mango Markets' future is uncertain as a new SEC settlement vote arises following charges related to a 2022 security breach. The SEC's investigation emphasizes the ongoing regulatory scrutiny facing decentralized finance platforms.
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Mango Markets, the Solana-based decentralized finance (defi) platform that lost more than $110 million in 2022, is currently holding a vote on a proposed settlement with the U.S. Securities and Exchange Commission (SEC) over alleged securities violations. Should the proposal pass, it could result in a settlement involving a financial penalty and the end of […]
https://news.bitcoin.com/mango-markets-future-hangs-in-the-balance-with-new-sec-settlement-vote/
Meme coins have bounced back, with Dogecoin and co shaking off the bearishness and posting solid gains in the past day. However, it’s the new project Crypto All-Stars that’s stealing the show – nearing the $600,000 milestone in its much-hyped presale phase. Meme Coins Bounce Back After Prolonged Market Slump After a tough stretch, meme […]
https://news.bitcoin.com/meme-coin-prices-bounce-back-as-crypto-all-stars-raises-over-500k-in-presale/
Balaji Srinivasan has announced that his Network School has received an overwhelming response, with thousands of applications pouring in from over 80 countries. In light of this unprecedented interest, the school is expanding its capacity to accommodate more students. Admission decisions will be communicated soon, marking a significant milestone in Srinivasan’s vision of creating innovative, […]
https://news.bitcoin.com/former-coinbase-cto-balaji-srinivasans-network-school-receives-overwhelming-global-response/
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale’s Mini Ethereum Trust led the gains in the ETH ETF category. Spot Bitcoin ETFs Gain $61.98M, Ether ETFs Face […]
https://news.bitcoin.com/spot-bitcoin-etfs-see-61-98m-inflows-on-monday-as-ether-etfs-struggle/
Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network’s off-chain capabilities. Alongside this, Bisq 2.1.0 also features a QR code scanner for easier address and invoice input, enhanced chat functionalities, and improved user […]
https://news.bitcoin.com/decentralized-bitcoin-exchange-bisq-2-adds-support-for-lightning-network/
PRESS RELEASE. 1xBit, an online gambling website, welcomes all crypto users and gambling fans to multiply their winnings in 2024. In August we have a lot of exciting events to look forward to: the finals of the eSports World Cup, the start of the 24/25 season for European soccer leagues, the Champions League, and the […]
https://news.bitcoin.com/most-trending-sports-cryptos-and-bonuses-in-2024-with-1xbit/
The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task […]
https://news.bitcoin.com/seychelles-approves-bill-on-virtual-asset-regulation/
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS is seeking support from the Nigerian National Assembly to implement […]
https://news.bitcoin.com/nigeria-aims-to-include-cryptocurrencies-in-tax-system-overhaul/
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts […]
https://news.bitcoin.com/financial-analysts-estimate-gold-might-reach-3000-propped-up-by-rate-cuts/
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed […]
https://news.bitcoin.com/bitcoin-miner-greenidge-files-legal-complaint-against-new-york-regulator-reports-q2-earnings/
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in […]
https://news.bitcoin.com/us-bitcoin-etfs-on-the-verge-of-controlling-1-million-btc/
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report […]
https://news.bitcoin.com/qcp-capital-analyzes-market-sentiment-ahead-of-fed-chairs-speech-at-jackson-hole/
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare […]
https://news.bitcoin.com/cryptos-weekly-winners-and-losers-rare-soars-mog-slumps/
Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and the investigation’s findings have been shared with law enforcement and other agencies to assist in recovering […]
https://news.bitcoin.com/wazirx-tells-users-googles-mandiant-confirms-no-breach-on-laptops-during-cyberattack/
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]
https://news.bitcoin.com/russian-finance-minister-discloses-that-over-90-of-bilateral-trade-with-china-is-settled-outside-the-u-s-dollar-system/
Precious metals prices are on the move again, with gold hitting a new peak of $2,564 during Tuesday’s trading sessions. As of now, gold is being traded at $2,527 per ounce, while silver has climbed more than 6% this week, currently standing at $29.68 per ounce. Market trends show that the prices of precious metals […]
https://news.bitcoin.com/gold-shatters-records-as-investors-brace-for-economic-turbulence/
Truflation has rolled out a fresh inflation tracker and calculator tailored for Argentina, bringing a dynamic source of real-time economic data to the table. This innovative tool empowers Argentinians to gauge how inflation is affecting their finances, offering a handy alternative to the official government-reported figures. The launch of this tracker coincides with a period […]
https://news.bitcoin.com/truflation-unveils-real-time-inflation-tracker-for-argentina-amid-mileis-economic-overhaul/
Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin’s security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network’s decentralized nature. Bitcoin Staking Protocol by Babylon Goes Live Babylon‘s mainnet launch introduces a staking protocol that allows bitcoin […]
https://news.bitcoin.com/babylon-launches-trustless-bitcoin-staking-protocol-on-mainnet/
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of […]
https://news.bitcoin.com/latam-insights-encore-el-salvador-bitcoins-allure-might-help-bukele-reactivate-the-countrys-economy/
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated […]
https://news.bitcoin.com/circles-euro-pegged-token-eurc-surpasses-e50-million-market-cap/
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet strict standards, while commercial banks are prohibited from dealing directly with virtual […]
https://news.bitcoin.com/bank-of-ghana-unveils-proposed-virtual-asset-regulations/
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest […]
https://news.bitcoin.com/kamala-harriss-alleged-crypto-reset-absent-in-democratic-agenda/
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during external audits, OP Labs stated that none had been exploited. Optimism Proposes Network Upgrade […]
https://news.bitcoin.com/optimism-finds-vulnerabilities-in-fault-proof-system-proposes-upgrade-to-patch-them/
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […]
https://news.bitcoin.com/tron-triumphs-as-cardano-fades-ada-drops-from-cryptos-top-10/
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto […]
https://news.bitcoin.com/bitwise-expands-european-presence-through-acquisition-of-etc-group/
Ethereum transaction fees have significantly decreased in recent months, prompting Etherscan to add additional decimal points to better reflect the changes in gas prices. This trend mirrors similar reductions in Bitcoin fees, benefiting users across both networks.
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Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal […]
https://news.bitcoin.com/ethereum-fees-plummet-etherscan-adds-decimals-to-keep-up-with-gas-drop/
Crypto investors can’t stop talking about PlayDoge (PLAY) right now. This new P2E game, which combines old-school virtual pets with blockchain tech, is about to wrap up its presale phase. And with just a week left to snag tokens before launch, investors are jumping in while they can, believing this could be the next big […]
https://news.bitcoin.com/p2e-sensation-playdoge-enters-final-week-of-presale-after-raising-over-6m/
Ethereum’s price on August 19, 2024, stands at $2,582, with a 24-hour intraday range of $2,572 to $2,681. The cryptocurrency recorded a trading volume of $9.5 billion, contributing to a market capitalization of $310 billion. Despite these figures, ethereum’s technical indicators reveal a bearish outlook, signaling caution for traders. Ethereum Ethereum’s daily chart paints a […]
https://news.bitcoin.com/ethereum-technical-analysis-indicators-signal-caution-for-ether-as-bears-maintain-control/