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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Throughout July, bitcoin has climbed 2.5% against the U.S. dollar, despite a midweek dip to $64,350 per coin. This month has been marked by notable events, including movements by Mt Gox and the U.S. government transferring billions. Additionally, 76 transactions from dormant bitcoin wallets, created between 2010 and 2017, spent 6,536.17 BTC, amounting to $424 […]
https://news.bitcoin.com/76-sleeping-bitcoin-wallets-activated-in-july-unlocking-424m/
India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and […]
https://news.bitcoin.com/indias-digital-rupee-surpasses-5-million-users-rbi-discloses/
The California Department of Motor Vehicles (DMV) has successfully integrated 42 million car titles onto the Avalanche blockchain network, which uses the cryptocurrency AVAX as its native token. This innovative system, developed by Oxhead Alpha, enables users to transfer vehicle titles within minutes, significantly reducing the traditional two-week processing time. This initiative is part of […]
https://news.bitcoin.com/california-dmv-revolutionizes-vehicle-title-transfers-with-avalanche-blockchain-integration/
Jan Nieuwenhuijs, a gold analyst specializing in Chinese markets, alleges that China has continued to secretly buy gold without reporting it to the market, benefiting from a price cool-off. Nieuwenhuijs states that the strategy of the PBOC is to purchase gold through UK bullion banks, which goes unreported by using non-traditional bank conduits. Report Alleges […]
https://news.bitcoin.com/report-reveals-china-continues-to-secretly-grow-its-gold-stash-misleading-market-to-cause-price-cool-off/
Former U.S. President and presidential candidate Donald Trump has raised $25 million from the crypto industry and bitcoin whales since he began accepting donations in cryptocurrencies. He has made several promises to support the crypto sector if elected, including the replacement of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. Trump Raises $25 Million […]
https://news.bitcoin.com/trump-has-raised-25m-from-crypto-industry-and-bitcoin-whales/
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady: Bitcoin Hashrate Rises, Selling Pressure Decreases The latest onchain market activities report […]
https://news.bitcoin.com/cryptoquant-insights-bitcoin-miners-see-revenue-boost-as-hashrate-soars/
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […]
https://news.bitcoin.com/no-rate-cuts-yet-fed-maintains-rates-at-historic-highs/
Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with […]
https://news.bitcoin.com/crypto-president-high-tops-trump-reveals-limited-edition-bitcoin-sneakers/
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $18.3 million, contrasting with inflows observed in their ethereum counterparts. The most significant gain was recorded by Blackrock’s IBIT, while Grayscale’s GBTC suffered the largest losses. $18.3M Net Outflows in U.S. Bitcoin ETFs; GBTC Hit Hardest The total reduction across the 11 […]
https://news.bitcoin.com/us-bitcoin-etfs-record-18-3-million-in-net-outflows/
On Tuesday, U.S. spot ether exchange-traded funds (ETFs) experienced a day of inflows, ending four days of outflows. The nine ETFs collectively absorbed $33.67 million, though the figure could have been higher if not for Grayscale’s Ethereum Trust (ETHE), which offloaded $120.28 million. Ether ETFs Bounce Back After 4-Day Outflows The ether-based ETFs in the […]
https://news.bitcoin.com/ethereum-etfs-snap-losing-streak-grayscales-outflows-weigh-in/
El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia. The Central American nation has reportedly expressed interest in joining the BRICS bloc and may formally apply for membership within one or two years. Ukraine-Russia Conflict Echoes in Central America El Salvador has proposed settling trade with Russia using cryptocurrency, […]
https://news.bitcoin.com/russian-diplomat-el-salvador-proposes-settling-trade-with-crypto/
Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African businesses. According to the company, data centers are the new digital hubs. However, they must be faster, […]
https://news.bitcoin.com/huawei-aims-to-drive-ai-adoption-in-africa-with-data-center-expansion/
Justin Sun, the founder of Tron, has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space, providing a counterpart to the U.S. China’s ban on bitcoin and cryptocurrency mining altered the industry landscape in 2021, leading to a significant exodus of miners that […]
https://news.bitcoin.com/tron-founder-justin-sun-calls-on-china-to-warm-up-to-bitcoin/
Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 […]
https://news.bitcoin.com/bitcoin-miner-argo-blockchain-secures-8-3-million-from-an-institutional-investor/
The University of Wyoming has launched a Bitcoin research institute to produce high-quality peer-reviewed publications about bitcoin from all academic disciplines. The institute’s director highlighted the need for informed research, criticizing previous work for its lack of fundamental understanding of bitcoin. University of Wyoming Launches Bitcoin Research Institute The University of Wyoming (UW) has launched […]
https://news.bitcoin.com/university-of-wyoming-launches-bitcoin-research-institute-to-produce-high-quality-publications/
PRESS RELEASE. Buenos Aires, Argentina – August 1st, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. […]
https://news.bitcoin.com/uquid-integrates-usdt-on-tron-for-seamless-public-transport-payments-in-argentina/
A subsidiary of Animoca Brands has launched the open beta of its new Web3-centric action game, Cosmic Bomber. Developed by industry veterans from Sony, Electronic Arts, Nintendo, Lucas Arts, and Blizzard, the game is now available to over 1.77 million holders of Moca ID, the identity layer of Animoca Brands’ network. Cosmic Bomber offers strategic […]
https://news.bitcoin.com/veterans-from-ea-nintendo-blizzard-and-more-launch-bomberman-style-web3-game/
The Bitcoin Core project has disclosed two security vulnerabilities that could have affected the stability of the Bitcoin network. The first one, classified as having a high severity level, could have caused an assertion crash of the network via a message spam attack. The second one, with a low severity level, was linked to Miniupnp, […]
https://news.bitcoin.com/bitcoin-core-discloses-two-security-vulnerabilities/
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency and demonstrate national support for it. Senator Hagerty Discusses Trump’s Bitcoin Strategy U.S. Senator […]
https://news.bitcoin.com/us-senator-discusses-trumps-bitcoin-plan-and-national-btc-stockpile/
Nobel laureate Paul Krugman claims that bitcoin has remained “economically useless.” He criticized the support bitcoin and crypto have from former U.S. President Donald Trump and the Republican Party. Moreover, he stressed: “Tech-bro support for Trump and Vance also seems to have a lot to do with one specific issue: cryptocurrency.” Paul Krugman Criticizes Bitcoin’s […]
https://news.bitcoin.com/nobel-laureate-paul-krugman-says-bitcoin-is-economically-useless-criticizes-trumps-crypto-support/
Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light of upcoming Federal Reserve actions. QCP Capital Cites Heightened Volatility Ahead of Key Federal Reserve Decisions QCP Capital reports that […]
https://news.bitcoin.com/market-volatility-surges-amid-global-uncertainty-says-qcp-capital/
Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […]
https://news.bitcoin.com/tether-posts-5-2-billion-profit-in-first-half-of-2024/
While bitcoin briefly reached the $70,000 mark on July 29, the price has since declined. Over the past week, BTC has decreased by 0.6%. During the last 18 days, the Crypto Fear and Greed Index (CFGI) has transitioned from “extreme fear” back to “greed.” From ‘Extreme Fear’ to ‘Greed’ in 18 Days Approximately 18 days […]
https://news.bitcoin.com/crypto-fear-and-greed-index-shows-greed-despite-bitcoins-price-drop/
A new project is shaking things up in the crypto education space. As its presale comes to an end, 99Bitcoins Token (99BTC) is primed to transform how we learn about the blockchain – all while offering crypto rewards. 99Bitcoins Token Transforms Crypto Education Through Learn-to-Earn 99Bitcoins has been a cornerstone of crypto education since 2013, […]
https://news.bitcoin.com/new-crypto-launch-to-watch-99bitcoins-token-2-5m-presale-ends-in-five-days/
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s […]
https://news.bitcoin.com/bitcoin-network-faces-toughest-mining-difficulty-increase-since-2022/
In a trailblazing twist that promises to transform the foreign exchange market, CryptoProcessing is proud to offer the integration of cryptocurrency as a payment gateway for Forex transactions. This solution aims to enhance the speed, security, and cost-efficiency of Forex payments, paving the way for a new era in global finance. As the world’s largest […]
https://news.bitcoin.com/cryptoprocessing-demonstrates-the-potential-of-crypto-payments-for-forex/
The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage investments in bogus crypto trading schemes, and then steal funds. Victims often face additional scams, such as fraud-recovery […]
https://news.bitcoin.com/cftc-warns-of-follow-on-frauds-targeting-victims-multiple-times/
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […]
https://news.bitcoin.com/bank-of-england-pushes-for-swift-digital-payment-solutions-as-cash-usage-drops/
The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […]
https://news.bitcoin.com/gold-demand-hits-q2-record-high-driven-by-central-bank-purchases-world-gold-council-reports/
Russia plans to launch international cryptocurrency payments by the end of the year to counter Western sanctions, according to the governor of the Bank of Russia. The central bank is prepared to be flexible and is already discussing the conditions of this initiative with various ministries, agencies, and businesses. In addition, Russia’s State Duma, the […]
https://news.bitcoin.com/russia-to-initiate-crypto-payments-internationally-by-year-end-central-bank-governor-says/