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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The U.S. Securities and Exchange Commission (SEC) has charged Nader Al-Naji, founder of Bitclout (now Decentralized Social), with running a multi-million-dollar fraudulent crypto scheme. Al-Naji allegedly raised over $257 million through unregistered sales of Bitclout tokens (BTCLT) and used the funds for personal expenses. He attempted to evade regulatory scrutiny by portraying Bitclout as decentralized […]
https://news.bitcoin.com/sec-charges-bitclout-founder-with-multi-million-dollar-crypto-fraud/
Cameron Winklevoss, co-founder of Gemini and Winklevoss Capital, has called out U.S. Vice President Kamala Harris for her alleged intentions to reset the relations of the current government with the crypto industry. Winklevoss stated that, as former President Trump had previously acknowledged, the crypto industry is a ‘high IQ industry’ and would not fall for […]
https://news.bitcoin.com/cameron-winklevoss-on-kamala-harris-crypto-reset-intentions-beware-of-the-big-bluff/
The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp, and toncoin achieved modest gains. Crypto Market Dips, Long Positions Lead to $134.65M in Liquidations Bitcoin […]
https://news.bitcoin.com/crypto-market-slump-key-currencies-drop-amid-rising-trade-activity/
This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the network’s overall hashrate. Mempool.space and Several Mining Pools Launch Bitcoin Transaction Accelerator In the past few days, the average BTC […]
https://news.bitcoin.com/mempool-space-introduces-new-bitcoin-transaction-accelerator-with-major-mining-pools/
Meme coins are everywhere these days, but Pepe Unchained (PEPU) is looking to set itself apart. This frog-themed token has just passed the $6 million mark in its presale. And by promising a Layer-2 network built just for meme coins, it’s easy to see why investors are so excited about PEPU’s prospects. Pepe Unchained Presale […]
https://news.bitcoin.com/pepe-unchained-rallies-past-6m-in-presale-as-experts-predict-it-will-explode/
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven […]
https://news.bitcoin.com/us-ethereum-etfs-see-fourth-straight-day-of-outflows/
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]
https://news.bitcoin.com/nigerian-cbdc-adoption-lags-makes-up-less-than-1-of-currency-in-use/
Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who led the bet most of the time, was proclaimed on June 29 by National Electoral Council authorities. “People deserve honest answers about the future […]
https://news.bitcoin.com/polymarket-sets-position-on-venezuelan-election-bet-outcome/
Four Ukrainian residents suspected of kidnapping and ultimately murdering a foreign national over his bitcoins have been detained, according to Kyiv police. During an operation to apprehend the suspects, police recovered money, the vehicle used in the kidnapping, and other material evidence. Police Recover Body of Slain Foreign National The Ukrainian police announced on July […]
https://news.bitcoin.com/ukrainian-police-detain-suspects-in-abduction-murder-of-foreigner-over-bitcoin/
The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The SFC suspects Proxinex enlisted an agent to attract investors through dating apps, possibly using […]
https://news.bitcoin.com/hong-kong-regulator-warns-against-proxinex-for-suspected-virtual-asset-fraud/
A group of four Hong Kong fraudsters, who swindled victims’ digital assets worth $1.4 million between October 2023 and July 2024, have been apprehended. The suspects, aged 14 to 39, are charged with conspiracy to defraud and possession of 5,000 counterfeit banknotes. According to Hong Kong laws, producing and circulating counterfeit currency can result in […]
https://news.bitcoin.com/hong-kong-police-arrest-quartet-accused-of-using-counterfeit-banknotes-to-swindle-crypto-traders/
The U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax revenues. High interest rates, unexpected pandemic-related program costs, and robust demand for […]
https://news.bitcoin.com/us-debt-crisis-deepens-as-national-debt-surpasses-35-trillion/
Following the activation of a dormant bitcoin address from 2017, which transferred 210 bitcoins at block height 854,501, another inactive wallet created on April 9, 2017, moved 777.91 BTC worth over $52 million roughly 35 blocks later. Notably, the owner of the bitcoin might be the same entity that moved 121.63 BTC a day ago […]
https://news.bitcoin.com/bitcoin-giant-moves-777-91-bitcoins-worth-52m-after-7-years/
Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has warned about cryptocurrency scams. The firm urged caution when dealing with individuals, websites, or social media platforms using its brand to offer training or investments. Blackrock noted a spike in scams directing users to crypto investment-related websites or platforms like Whatsapp […]
https://news.bitcoin.com/blackrock-warns-of-rising-crypto-investment-scams/
A company with cryptocurrency capital has been registered in Argentina, marking the first time this has happened in the country. The company, which was registered with a capital of almost $500 in bitcoin and USDC, follows the enactment of a resolution that allows companies to receive contributions in cryptocurrencies and digital assets. Argentina Registers First […]
https://news.bitcoin.com/first-bitcoin-capital-funded-company-registered-in-argentina/
PRESS RELEASE. New York City, New York – July 30, 2024 – StakeKit, having just emerged from stealth after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest of access points to manage their TRON staking allocations natively within Ledger Live. Ledger […]
https://news.bitcoin.com/stakekit-launches-tron-stake-2-0-on-ledger-live/
According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil […]
https://news.bitcoin.com/central-bank-of-brazil-aims-to-finalize-crypto-exchange-regulation-by-early-2025/
PRESS RELEASE. Nova Chain continues to make significant strides in the blockchain and digital content creation landscape. Our recent developments highlight our commitment to innovation and growth, particularly in AI integration, regional expansion, and forging strategic partnerships. AI On-Chain: Leading the Way Nova Chain is at the forefront of integrating AI on-chain, enhancing the efficiency […]
https://news.bitcoin.com/expanding-nova-chains-reach-ai-on-chain-asian-expansion-and-strategic-partnerships/
The crypto exchange Bybit has introduced a digital rupee (eRupee) as a new payment method for Indian rupee transactions. The launch aims to provide a secure alternative for INR users on its platform. Bybit Aims to Enhance INR Payments With Launch of Digital Rupee Bybit, a digital currency trading platform, announced the introduction of the […]
https://news.bitcoin.com/bybit-launches-digital-rupee-for-secure-inr-payments/
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs […]
https://news.bitcoin.com/blackrocks-ibit-propels-us-spot-bitcoin-etfs-to-124m-inflows-on-monday/
PRESS RELEASE. The DeFi industry is about to experience a significant transformation with the launch of PAW Chain’s public mainnet. PAW Chain brings the world’s first Layer 3 centric blockchain into the spotlight, focusing on scalability, security, and interoperability. Unprecedented Processing Speeds & Scalability PAW Chain’s new blockchain technology delivers unprecedented processing speeds, ensuring swift […]
https://news.bitcoin.com/groundbreaking-launch-paw-chain-unveils-the-worlds-first-layer-3-centric-blockchain/
Bitcoin.com will soon launch V-Card, enabling anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist for the V-Card is now open at verse.bitcoin.com/card, and early sign-ups have the chance to win a free V-Card (€75 value). “Self-custody holders of Bitcoin and other cryptocurrencies via the Bitcoin.com Wallet app will now […]
https://news.bitcoin.com/bitcoin-coms-v-card-nearing-launch/
On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The settlement was executed on-chain in wholesale central bank digital […]
https://news.bitcoin.com/slovenia-launches-first-digital-bond-in-eu-sovereign-history/
PRESS RELEASE. Geneva, Switzerland, July 29, 2024 – TRON DAO, along with co-hosts HTX DAO, BTTC, and JustLend DAO, proudly announces the launch of HackaTRON Season 7, with submissions open until October 23. Following a successful launch party at Bitcoin 2024, this season promises a series of engaging events and innovative competition tracks. Participants will […]
https://news.bitcoin.com/hackatron-season-7-launches-with-google-cloud-as-diamond-sponsor-celebrates-successful-kickoff-at-bitcoin-nashville/
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Dexter of Blocmates explains Avalanche’s exciting forthcoming update, Avalanche Community Proposal 77. To do so, Dexter gives an overview of Avalanche’s unique architecture. […]
https://news.bitcoin.com/an-avalanche-reawakening/
A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina, Brazil, Colombia, and Mexico, indicates that the number of users in this group exceeds the number of […]
https://news.bitcoin.com/binance-survey-half-of-all-latin-american-crypto-users-treat-it-as-a-long-term-investment/
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover and reopen its platform, providing updates and taking legal actions, while assuring users about […]
https://news.bitcoin.com/coindcx-urges-wazirx-to-reconsider-passing-45-losses-to-customers/
Interpol is aiding Hong Kong officials in locating Wong Ching-kit, a cryptocurrency promoter known as “Coin Young Master,” notorious for his 2018 stunt of tossing HK$6,000 from a rooftop. Wong faces charges of fraud and theft, including involvement in a HK$3 million cryptocurrency deception. An Interpol red notice has been issued to facilitate his arrest. […]
https://news.bitcoin.com/interpol-issues-red-notice-for-coin-young-master-who-threw-cash-from-rooftop/
Speculation is growing that the Biden administration will sell all its seized bitcoin holdings after former President Donald Trump pledged to ensure the U.S. government keeps all of its bitcoins if re-elected. Economist and gold advocate Peter Schiff believes the Biden administration will sell every bitcoin before Trump takes office. The transfer of $2 billion […]
https://news.bitcoin.com/peter-schiff-us-government-will-sell-all-seized-bitcoin-before-trump-takes-office/
Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […]
https://news.bitcoin.com/bitget-and-nansen-study-highlights-community-impact-on-token-price-predictions/