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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make America Great Again” (MAGA) slogan, coined by former President Donald […]
https://news.bitcoin.com/justin-sun-mocks-kamala-harris-with-made-up-campaign-slogan/
Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer (nm) silicon application-specific integrated circuit (ASIC) technology, set new standards in performance, efficiency, and resilience. New Auradine Teraflux Miners Boast Record Efficiency and Resilience According to Auradine’s announcement shared with Bitcoin.com News, the Teraflux series […]
https://news.bitcoin.com/auradine-ships-3nm-teraflux-bitcoin-mining-platform/
Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’ machines. We are continuing to explore all possible sources of […]
https://news.bitcoin.com/wazirx-details-plan-to-resume-withdrawals-and-trading-insists-signers-machines-show-no-evidence-of-compromise/
With bitcoin prices declining by 3.7% in the past 24 hours, a dormant bitcoin wallet, created on May 20, 2013, or just over 11 years ago, moved 750 BTC, valued at roughly $48 million at current exchange rates. Vintage Bitcoin Wallet From 2013 Transfers 750 BTC Amid Market Dip On Thursday, a wallet that began […]
https://news.bitcoin.com/massive-sleeping-bitcoin-wallet-from-2013-moves-750-btc-after-11-years-valued-at-48m/
Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. […]
https://news.bitcoin.com/ethereum-etfs-face-133m-outflows-as-grayscales-ethe-divests-326m/
The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets Pakistan The Egyptian fintech giant, MNT Halan, has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC) […]
https://news.bitcoin.com/egyptian-fintech-unicorn-secures-157-5-million-in-latest-funding-round/
Active users of the Bitcoin.com Wallet app to be rewarded with Bitcoin.com’s ecosystem token VERSE. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that it will proceed with an initial airdrop of Bitcoin.com’s ecosystem token VERSE. Green-lighted by the results of a community-led proposal, this first airdrop will be given to active […]
https://news.bitcoin.com/bitcoin-com-to-airdrop-verse-tokens/
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […]
https://news.bitcoin.com/gieseckedevrient-ghana-cbdc-nullifies-the-need-for-multiple-intermediaries-in-cross-border-payments/
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]
https://news.bitcoin.com/majority-of-americans-believe-us-in-recession-survey-shows/
Proton, known for its privacy-focused services including the popular Proton Mail with over 100 million users, has launched Proton Wallet, a new self-custodial bitcoin wallet. “If you are one of the millions of people who have a Proton Mail email address, you can now automatically receive bitcoins with your email address,” said Proton’s CEO, adding […]
https://news.bitcoin.com/proton-launches-self-custodial-bitcoin-wallet-100-million-proton-mail-users-can-now-receive-btc-via-email/
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better serving client needs. By the end of […]
https://news.bitcoin.com/ferrari-launching-crypto-payment-system-for-european-market/
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims to position Nigeria as a leader in digital transformation in Africa. The government is partnering with Gluwa, a […]
https://news.bitcoin.com/nigeria-to-train-1000-residents-annually-in-ai-and-blockchain-technologies/
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, […]
https://news.bitcoin.com/wyoming-senator-to-propose-bill-for-us-central-bank-to-hold-bitcoin-report-says/
On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications […]
https://news.bitcoin.com/cryptoquant-report-analyzes-market-impact-of-new-sec-approved-ethereum-spot-etfs/
Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris Energy Expands Texas Operations On Wednesday, Iris Energy […]
https://news.bitcoin.com/bitcoin-miner-iris-energy-expands-power-capacity-at-texas-data-center/
Following the announcement that U.S. Vice President Kamala Harris won’t attend the Bitcoin 2024 conference in Nashville, Gemini co-founder Tyler Winklevoss said the crypto industry will “show no mercy in November.” Gemini’s Winklevoss Criticizes Harris Over Bitcoin 2024 Conference Decision Gemini co-founder Tyler Winklevoss reacted to the news of Kamala Harris’s decision not to participate […]
https://news.bitcoin.com/crypto-industry-will-show-no-mercy-in-november-says-winklevoss-after-harris-snubs-bitcoin-event/
HSBC Australia has announced that it will block all customer payments to cryptocurrency exchanges via credit or debit cards, starting from July 24, 2024. The bank cites the high-risk nature of such transactions as the primary reason for this decision. HSBC Australia claimed scammers frequently exploit cryptocurrency exchanges, making it challenging to recover stolen funds. […]
https://news.bitcoin.com/hsbc-australia-blocks-payments-to-crypto-exchanges/
A new crypto is going viral, and it’s got a pretty hilarious name: WienerAI (WAI). With just six days left in its presale, the crypto community is taking notice. And some experts even believe WAI’s price will explode when it makes its long-awaited exchange debut. WienerAI Offers Unique Combo of Meme Coins & Artificial Intelligence […]
https://news.bitcoin.com/just-6-days-left-to-invest-in-wienerai-presale-why-experts-are-saying-this-meme-coin-will-explode/
Marathon Digital Holdings, now known as MARA, has announced a strategic shift to hold all its bitcoin, pushing its current holdings beyond 20,000 BTC. The company has also made a $100 million purchase of bitcoin as part of its new treasury policy. Marathon Digital Rebrands to MARA, Boosts Bitcoin Holdings MARA (Nasdaq: MARA), a leader […]
https://news.bitcoin.com/mara-adopts-full-hodl-strategy-surpasses-20000-btc-holdings/
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the […]
https://news.bitcoin.com/stablecoin-market-expands-by-1-52-billion-in-7-days-driven-by-usdt-and-usdc-growth/
Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus […]
https://news.bitcoin.com/web3-infrastructure-platform-caldera-raises-15m-in-early-stage-funding/
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60 […]
https://news.bitcoin.com/swiss-crypto-bank-sygnum-achieves-profitability-amid-rapid-growth/
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset […]
https://news.bitcoin.com/hong-kong-launches-its-first-inverse-bitcoin-etf-product/
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […]
https://news.bitcoin.com/telegram-ceo-predicts-blockchain-mass-adoption-this-year-announces-mini-app-store-web3-browser/
Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as Trump supports a weaker dollar, which he believes will boost American exports and create jobs. In […]
https://news.bitcoin.com/robert-kiyosaki-vs-peter-schiff-conflicting-predictions-on-gold-bitcoin-and-us-dollar/
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency […]
https://news.bitcoin.com/kraken-completes-mt-gox-bitcoin-and-bitcoin-cash-distribution-to-creditors/
Fold Inc., a bitcoin financial services firm, is set to go public through a merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC). The transaction, expected to close in the fourth quarter of 2024, will see Fold listed on Nasdaq under a new ticker symbol. Fold to Go Public Through Merger with […]
https://news.bitcoin.com/bitcoin-rewards-app-fold-to-become-publicly-traded-company-through-merger/
The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits. Affected Customers’ Deposits Less Than 1% of Mercury’s Mercury Bank, […]
https://news.bitcoin.com/mercury-bank-blocks-fintech-founders-from-nigeria-ukraine-and-a-dozen-more-countries/
After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll […]
https://news.bitcoin.com/harris-vs-trump-polls-show-tight-race-as-betting-and-prediction-markets-favor-trump/
U.S. spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Tuesday, with $77.97 million exiting, breaking a streak of 12 consecutive days of inflows. In contrast, the newly launched spot ether ETF counterparts performed better. 3 Bitcoin ETFs Record Outflows as Blackrock’s IBIT Gains $71M Following 12 consecutive days of inflows and a record influx […]
https://news.bitcoin.com/us-bitcoin-etfs-see-78m-outflow-breaking-12-day-inflow-streak/