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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
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/
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other countries. Bitcoin Acknowledged to Be a Catalyst […]
https://news.bitcoin.com/latam-insights-encore-el-salvador-shows-bitcoin-can-be-a-catalyst-to-power-tourism/
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […]
https://news.bitcoin.com/us-government-transfers-2-billion-in-bitcoin-to-unknown-wallet/
Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as part of reforms aimed at correcting foreign exchange market distortions. The bank also eliminated foreign exchange surrender requirements and lifted restrictions on certain imports. In return, Ethiopia, which is seeking BRICS membership, is expected to receive a $10.7 billion loan […]
https://news.bitcoin.com/ethiopias-birr-falls-30-after-currency-float-forex-surrender-requirements-scrapped/
WienerAI (WAI) is gaining traction as its presale phase wraps up. This quirky new project, which mashes AI tech with meme coin vibes, has got everyone talking. And with less than 48 hours before the presale ends, many early supporters believe WienerAI could be about to shake up the crypto market. WienerAI – The Meme […]
https://news.bitcoin.com/ai-powered-meme-coin-wienerai-prepares-for-dex-listings-with-48-hours-left-in-presale/
Ethereum is currently priced at $3,374, with intraday fluctuations ranging from $3,253 to $3,395. Boasting a market capitalization of $407 billion and a 24-hour trade volume of $11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline followed by a steady recovery. After hitting a low of […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-shows-signs-of-recovery-as-bulls-eye-3400-breakout/
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […]
https://news.bitcoin.com/cantor-fitzgerald-announces-new-venture-to-provide-leverage-to-bitcoin-investors/
Hong Kong legislator Wu Jiezhuang has proposed an initiative to consider the inclusion of Bitcoin in the region’s strategic fiscal reserves. This move, aimed at enhancing Hong Kong’s economic framework and accelerating Web3 development, underscores the growing global recognition of Bitcoin as ‘digital gold’. Wu’s proposal, which comes in response to Donald Trump’s speech at […]
https://news.bitcoin.com/hong-kong-lawmaker-advocates-for-bitcoin-inclusion-in-strategic-fiscal-reserves/
Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via a traditional fund structure through Coinbase Prime, a comprehensive prime brokerage platform. This selection follows […]
https://news.bitcoin.com/coinbase-to-provide-custody-for-australian-bitcoin-etf-btxx/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US […]
https://news.bitcoin.com/latam-insights-us-department-of-state-acknowledges-bitcoin-helped-revive-el-salvadors-tourism-paraguayan-government-dismisses-power-fee-hike-concerns/
Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of their assets in BTC. Scalability challenges are […]
https://news.bitcoin.com/vaneck-predicts-bitcoin-could-reach-2-9-million-by-2050/
Gemini co-founder Tyler Winklevoss has urged the crypto industry to demand to know who the next U.S. Securities and Exchange Commission (SEC) chair will be before the election. He also urged crypto supporters to “demand that both parties embrace our industry, treat it fairly, and do everything in their power to ensure that America is […]
https://news.bitcoin.com/who-will-replace-gensler-winklevoss-urges-crypto-industry-to-demand-sec-chair-decision-before-election/
Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate […]
https://news.bitcoin.com/ron-paul-champions-liberty-and-competing-currencies-at-bitcoin-2024/
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/
Following the U.S. government’s transfer of $2 billion in bitcoin, Arkham Intelligence reported that the federal agency divided the funds into two separate Bech32 bitcoin addresses: one containing 10,000 BTC and the other holding 19,799.99 BTC. Arkham speculates that the 10,000 BTC may have been sent to an institutional custody service. Arkham Reports U.S. Bitcoin […]
https://news.bitcoin.com/us-authorities-split-2-billion-in-bitcoin-into-2-wallets-igniting-custody-and-sale-speculation/
21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […]
https://news.bitcoin.com/21shares-announces-chainlink-integration-for-real-time-ethereum-reserve-verification/
Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated. […]
https://news.bitcoin.com/7-year-old-sleeping-bitcoin-wallet-activates-transfers-14m-in-btc/
Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon launch a feedback form to collect more ideas.” He emphasized the importance […]
https://news.bitcoin.com/wazirx-says-poll-is-not-final-shares-additional-cyberattack-recovery-plan/
Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days. […]
https://news.bitcoin.com/cryptos-top-gainers-ecash-and-bitcoin-cash-show-strong-weekly-rises/
On July 29, 2024, bitcoin continues its bullish trend, demonstrating significant strength across multiple time frames. As of today, bitcoin is trading at $69,456 with a 24-hour price range between $67,618 and $69,842. Key technical indicators suggest that bitcoin’s upward momentum is likely to persist. Bitcoin Bitcoin’s 1-hour chart indicates a steady uptrend with prices […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-surges-past-69k-faces-key-resistance-near-70k/
Justin Sun, founder of Tron, called for the restoration of the bitcoin emoji on X. Sun stated that the bitcoin emoji had become tradition, and that, as former U.S. president Donald Trump had declared, the original cryptocurrency was poised to surpass gold. “We humbly request restoring this tradition and are willing to accommodate any requirements,” […]
https://news.bitcoin.com/justin-sun-calls-for-restoration-of-bitcoin-emoji-on-x/
Bitcoin.com, a pioneer in the cryptocurrency space since 2015, will carry out a significant brand refresh for its ecosystem token, VERSE. This decision follows a community-led voting proposal aimed at modernizing the VERSE brand to better resonate with both new and existing crypto users. “Bitcoin.com’s Verse has grown as a brand over the last two […]
https://news.bitcoin.com/bitcoin-coms-verse-community-completes-vote-for-verse-brand-refresh/
Although the Bitcoin 2024 event has wrapped up, the past three days have seen a deepfake Elon Musk “double-your-money” scam on Youtube. Posing as the official Bitcoin 2024 livestream, the scam has tricked unsuspecting users into parting with their crypto assets. Over the weekend, multiple deepfake livestreams featuring Musk were active, with one specific video […]
https://news.bitcoin.com/scammers-use-deepfake-elon-musk-video-to-steal-crypto-during-bitcoin-2024-event/
Vivek Ramaswamy, a former presidential candidate, has predicted that former U.S. President Donald Trump will gain support from pro-bitcoin and pro-crypto voters while Vice President Kamala Harris will “scramble to come up with some phony ‘digital asset’ policy framework to pander to pro-crypto voters.” Trump has embraced a pro-crypto stance, pledging support at the recent […]
https://news.bitcoin.com/vivek-ramaswamy-predicts-trumps-crypto-advantage-and-harris-digital-asset-policy/
Ripple CEO Brad Garlinghouse has criticized Congressman Brad Sherman’s anti-crypto comments, urging Vice President Kamala Harris to distance herself from such views. The Ripple executive warned that opposing cryptocurrencies is equivalent to opposing innovation, benefiting Republicans who support technological progress. He emphasized the need for the U.S. to align with other advanced economies with clear […]
https://news.bitcoin.com/ripple-ceo-suggests-vice-president-kamala-harris-steer-clear-of-anti-crypto-rhetoric/
The SEC has approved NYSE Arca’s proposal to list and trade shares of the Grayscale Bitcoin Mini Trust. Grayscale’s new trust will feature competitive fees. “This approval order is based on all of the exchanges’ representations and descriptions in their respective amended filings, which the Commission has carefully evaluated,” said the securities regulator. SEC Approves […]
https://news.bitcoin.com/sec-greenlights-nyse-arca-to-list-grayscale-bitcoin-mini-trust/
On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving […]
https://news.bitcoin.com/sleeping-bitcoin-wallet-from-2017-moves-121-63-btc-worth-8-25m-after-7-years/