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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Crypto fans are all over a new meme coin project that’s raised $5 million in presale. Pepe Unchained (PEPU) continues gaining traction as the developers prepare for an exchange debut later this year. And with its own layer-2 network in development, there’s a real chance Pepe Unchained could shake up the status quo in the […]
https://news.bitcoin.com/pepe-unchained-hits-5m-presale-milestone-for-layer-2-meme-coin-network-project/
Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re actively contacting projects linked to the stolen tokens to seek their support in the recovery […]
https://news.bitcoin.com/wazirx-prepares-poll-for-user-input-on-resuming-withdrawals-and-trading/
Bitlayer Labs has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE, increasing its total funding to $16 million and elevating its valuation to $300 million. The investment aims to enhance its Bitcoin layer two solution using the BitVM paradigm, focusing on scalability and the launch of Mainnet-V2.
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Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple offerings, including in the decentralized finance space. Banking South Africa’s Unbanked South African fintech startup Neonomad, […]
https://news.bitcoin.com/south-african-startup-neonomad-to-launch-rand-backed-stablecoin/
Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies, combined with its innovative banking solutions, continues to disrupt the financial sector, underscoring […]
https://news.bitcoin.com/crypto-friendly-revolut-targets-45-billion-valuation-in-upcoming-share-sale/
The 99Bitcoins Token (99BTC) presale is heating up. With over $2.5 million raised, investors are jumping in left and right before the final price increase on July 30th. And with a DEX listing also on the horizon, the countdown is on for those wanting to snag 99BTC at the lowest possible price. Last-Minute Rush for […]
https://news.bitcoin.com/final-99bitcoins-token-presale-stage-nears-as-2-5m-milestone-prompts-last-minute-rush/
The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […]
https://news.bitcoin.com/eu-to-send-ukraine-1-4-billion-euros-from-frozen-russian-assets/
Bitlayer Labs, the team behind a Bitcoin layer two (L2) solution utilizing the BitVM paradigm, has successfully raised $11 million in a Series A funding round led by Franklin Templeton and ABCDE. This investment elevates Bitlayer’s total funding to $16 million, bringing its valuation to $300 million. Institutional Investment Advances Bitlayer’s Bitcoin L2 Development Bitlayer […]
https://news.bitcoin.com/bitlayer-secures-11m-in-series-a-funding-led-by-franklin-templeton-and-abcde/
A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands of Americans, also determined that the stipend increased the ability and willingness of recipients […]
https://news.bitcoin.com/sam-altman-sponsored-study-found-ubi-increases-spending-on-basic-needs-and-philanthropy/
A survey by the All-Russian Public Opinion Research Center reveals high awareness of cryptocurrency among Russians but limited knowledge of the Telegram game Hamster Kombat. Despite 87% being aware of cryptocurrency, only 42% know of Hamster Kombat. The game’s popularity is mainly among young, tech-savvy Telegram users, with a significant gap between awareness and active […]
https://news.bitcoin.com/87-of-russians-aware-of-cryptocurrency-42-familiar-with-hamster-kombat-survey-shows/
Rich Dad Poor Dad author Robert Kiyosaki predicts that if Donald Trump is re-elected as U.S. president, the dollar will weaken, leading to increased prices for gold, silver, bitcoin, and other assets. He forecasts gold will rise from $2,400 to $3,300 an ounce, silver from $29 to $79 an ounce, and bitcoin from $67,400 to […]
https://news.bitcoin.com/robert-kiyosaki-forecasts-105000-bitcoin-and-3300-gold-if-trump-wins/
Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted prices reached […]
https://news.bitcoin.com/asian-markets-cashed-out-during-recent-gold-rally/
Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors. Hamilton Lane Leverages Solana for […]
https://news.bitcoin.com/multi-billion-dollar-asset-manager-hamilton-lane-pioneers-private-credit-fund-launch-on-solana/
The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it holds assets for ten out of 11 spot bitcoin ETFs and eight out of nine ether ETFs. Gabor Gurbacs, founder of Pointsville and former strategy […]
https://news.bitcoin.com/single-entity-risk-questioned-as-coinbase-dominates-eth-and-btc-etf-reserve-storage/
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India. Industry leaders emphasize the need for ongoing dialogue with regulators to foster a supportive environment […]
https://news.bitcoin.com/india-maintains-crypto-tax-regulations-in-2024-25-budget/
Rumors about U.S. Vice President Kamala Harris possibly attending the Bitcoin 2024 conference in Nashville have garnered substantial attention. Alongside the speculation, a Polymarket bet estimates Harris’s odds of attending at roughly 8%. ‘Unburdened by What Has Been’ On July 23, David Bailey, CEO of BTC Inc., the company organizing Bitcoin 2024 in Nashville, stated […]
https://news.bitcoin.com/extremely-low-odds-on-polymarket-for-kamala-harriss-bitcoin-2024-attendance/
PRESS RELEASE. SEOUL, KOREA — 24 July 2024 — Korea Blockchain Week (“KBW”), Asia’s premier Web3 festival taking place from 1-7 September 2024, announced Movement Labs as the official conference partner for its flagship two-day “IMPACT” conference. It also revealed a glimpse of the conference’s agenda and a slate of new title sponsors and speakers. […]
https://news.bitcoin.com/korea-blockchain-week-2024-names-movement-labs-the-official-conference-partner-unveils-new-headline-speakers-and-sponsors/
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first […]
https://news.bitcoin.com/us-ethereum-etfs-hold-10-24b-in-reserves-following-106m-in-inflows/
As the European Union strides towards comprehensive crypto regulation, MiCAR stands out as a cornerstone of this new landscape. However, the true impact of MiCAR, alongside other critical regulations like the Transfer of Funds Regulation (TRF) and the Digital Operational Resilience Act (DORA), will only begin to unfold in 2025. To delve deeper into these […]
https://news.bitcoin.com/2025-eu-crypto-landscape-micar-trf-and-dora-explained/
Unbound Fund has announced a new opportunity for individuals to acquire Portuguese/EU citizenship by indirectly holding bitcoin worth about $542,000 (€500,000). The fund is said to be the first of its kind to be eligible for the Golden Visa, providing exposure to bitcoin. Unbound Fund’s features include 100% passive bitcoin holding, investment in Blackrock ETFs […]
https://news.bitcoin.com/unbound-fund-offers-a-new-path-to-eu-citizenship-with-bitcoin-investment/
Kamala Harris, Vice President of the U.S. and favorite to be nominated as a Democratic candidate for the presidency, is mulling making an appearance at the upcoming Bitcoin 2024 Conference where former President Donald Trump will also appear. David Bailey, CEO of BTC Inc., the institution behind the event, stated they were in talks to […]
https://news.bitcoin.com/us-vice-president-kamala-harris-reportedly-mulling-bitcoin-2024-conference-appearance/
A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a large-scale energy supplier with Marathon, which had agreed not to bypass him. However, Marathon circumvented Ho and engaged directly with […]
https://news.bitcoin.com/marathon-digital-ordered-to-pay-138m-for-contract-breach/
Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. […]
https://news.bitcoin.com/tokyo-stock-exchange-listed-metaplanet-completes-1-billion-yen-bitcoin-purchase/
Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […]
https://news.bitcoin.com/paraguays-president-dismisses-complaints-about-power-fee-hikes-from-bitcoin-mining-companies-asserts-high-interest-remains/
Bryan Courchesne, CEO and founder of crypto investing firm Daim, has shared insights regarding how the U.S. government could start holding bitcoin as strategic reserve asset. “The Justice Department holds about 200,000 units of bitcoin so the United States is the largest holder of bitcoin, and so they could easily just move that over to […]
https://news.bitcoin.com/us-government-could-hold-bitcoin-as-reserve-asset-diam-ceo-explains/
A managing partner at SEC-regulated Registered Investment Advisor Two Prime has discussed the potential impact of spot ether exchange-traded fund (ETF) launches on the cryptocurrency market. He explained that early demand could be greater than when spot bitcoin ETFs launched and suggested that a sharp uptick in ethereum price from the ether ETFs could lead […]
https://news.bitcoin.com/altcoin-resurgence-expected-if-ether-etfs-drive-sharp-uptick-in-eth-says-two-primes-blume/
Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold Poised for Gains Amid U.S. Political and Economic Changes In recent weeks, […]
https://news.bitcoin.com/stonex-bullions-analyst-predicts-gold-increase-due-to-heightened-political-confusion/
Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon. Ether’s Bearish Sentiment Dominates Trading Day Amid ETF […]
https://news.bitcoin.com/ethereum-market-stagnation-marks-tepid-trading-day-despite-etf-launch/
On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm’s net assets. Bitwise Leads in Transparency by Publishing Ethereum ETF Addresses At 7:50 a.m. EDT on Tuesday, […]
https://news.bitcoin.com/bitwise-reveals-ens-subnames-for-ethereum-etf-reserve-wallets/
Following U.S. President Joe Biden’s withdrawal from the 2024 election, many Americans are curious about his whereabouts since he has not spoken to the nation following his letter posted to X on Sunday. On Tuesday, a Polymarket bet is predicting whether Biden will “make an appearance today” after his campaign resignation. The betting odds on […]
https://news.bitcoin.com/speculation-grows-on-joe-bidens-whereabouts-polymarket-bets-57-chance-of-tuesday-address/