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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer […]
https://news.bitcoin.com/190-to-450-terahash-microbt-unveils-powerful-m6xs-miners-at-bitcoin-2024/
At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […]
https://news.bitcoin.com/senator-lummis-proposes-bitcoin-strategic-reserve-bill-to-bolster-us-economy/
Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest […]
https://news.bitcoin.com/bitcoin-short-term-holders-see-relief-as-prices-rebound-glassnode-reports/
Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Bitcoin.com […]
https://news.bitcoin.com/mythical-games-vp-blockchain-gaming-boom-built-on-stronger-base/
A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm defrauded 199 victims by misusing over $7.2 million […]
https://news.bitcoin.com/el-paso-man-fined-31m-for-forex-and-crypto-fraud/
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently […]
https://news.bitcoin.com/finma-warns-stablecoins-threaten-swiss-financial-reputation/
Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […]
https://news.bitcoin.com/russian-state-duma-deputy-chairman-brics-swift-counterpart-needed-for-creating-a-new-economic-reality/
U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever been discussed or implemented. Roubini and Miran’s paper argued that Treasury […]
https://news.bitcoin.com/treasury-secretary-yellen-refutes-economist-nouriel-roubinis-allegations-of-financial-manipulation/
On Saturday, July 27, 2024, the 45th president of the United States spoke to a massive crowd at the Bitcoin 2024 conference in Nashville. The event began with David Bailey, CEO of Bitcoin Magazine, presenting Trump with a 2013 Casascius physical bitcoin loaded with 1 BTC. “Bitcoiners know inflation better than anyone else,” Trump told […]
https://news.bitcoin.com/trump-at-bitcoin-2024-vows-to-make-us-the-bitcoin-superpower-plans-to-fire-sec-chair-gensler/
The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote […]
https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […]
https://news.bitcoin.com/rfk-jr-pledges-to-ensure-us-government-holds-4-million-bitcoins-as-strategic-reserve-if-elected-president/
Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs Garner $51.66M Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-see-51-66m-inflows-as-grayscales-gbtc-deals-with-outflows/
With just three days remaining until its presale ends, the viral WienerAI ($WAI) token has already raised over $8 million. Now, as the countdown begins, a new flood of investors is pouring in, hoping to grab $WAI tokens at a discount before the imminent DEX listing. With bullish movements in both the AI sector and […]
https://news.bitcoin.com/3-days-to-go-in-viral-wienerai-presale-as-analysts-predict-10x-gains/
Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $32.59 million, a 5.95% increase. NFT Market Gains Modest Momentum This Week Solana followed as the second leading blockchain, with NFT sales totaling $27.33 […]
https://news.bitcoin.com/weekly-nft-sales-rise-to-108-59-million-up-7-59/
Senator Elizabeth Warren has called for stricter regulations to address the risks of foreign-owned cryptocurrency mining facilities in the U.S. She highlighted the environmental and national security threats, especially from Chinese-owned operations, and stressed the importance of stronger laws to regulate crypto mining and prevent foreign exploitation. Senator Warren Raises Concerns Over Foreign-Owned Crypto Mining […]
https://news.bitcoin.com/senator-warren-calls-for-tougher-regulations-to-combat-national-security-risks-from-foreign-crypto-mines/
Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT. Wazirx Addresses Key Questions Following Cyberattack On Saturday, Indian crypto exchange Wazirx addressed […]
https://news.bitcoin.com/wazirx-clarifies-recovery-options-asset-valuation-and-usdt-conversion-after-cyberattack/
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks […]
https://news.bitcoin.com/bitcoin-7-day-hashrate-average-hits-record-677-eh-s-surpassing-may-25-high/
Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank sold dollars to Bureaux de Change to stabilize […]
https://news.bitcoin.com/kiyosaki-says-btc-and-gold-rise-if-trump-wins-spot-eth-etfs-launch-and-more-week-in-review/
Scottie Pippen, a former Chicago Bulls’ small forward, 6-time NBA champion, and 2-time Olympic Gold medalist, has announced the tokenization initiative for a historic ball. Pippen alleges that he had saved the ball that started the Chicago Bulls dynasty, used in the fifth game of the team victory against the Los Angeles Lakers during the […]
https://news.bitcoin.com/former-nba-star-scottie-pippen-to-tokenize-legendary-chicago-bulls-ball/
According to Josh Neuroth, the Vice President of Product at Quicknode, Layer-2 (L2) scaling solutions known as zero-knowledge (ZK) rollups can potentially solve the most pressing issues in blockchain technology. Hence, the buzz around them is “well-founded.” He added that unlike the speculation-driven non-fungible token (NFT) frenzy, interest in ZK rollups is grounded in their […]
https://news.bitcoin.com/zk-rollups-a-foundational-technology-not-just-a-fleeting-trend-according-to-quicknode-vp/
Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of abusive clauses in its terms of service agreement. Also, authorities of Buenos Aires concluded […]
https://news.bitcoin.com/worldcoin-gets-hit-with-200000-fine-in-buenos-aires/
Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regulation that encourages innovation without stifling growth or pushing it overseas. Senator Tim Scott Advocates for […]
https://news.bitcoin.com/us-senator-hails-bitcoins-potential-to-democratize-finance-and-improve-financial-inclusion/
The last 12 months have been a game-changer for digital assets. In January, more than a decade after Gemini co-founders Cameron and Tyler Winklevoss filed their initial application, the first spot Bitcoin was approved for trading in the United States by the Securities and Exchange Commission (SEC). The following is an opinion editorial written by […]
https://news.bitcoin.com/bull-market-euphoria-the-unexpected-but-desperately-needed-ethereum-etf/
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender for domestic transactions. Zambia’s Central Bank Seeks Input […]
https://news.bitcoin.com/zambia-de-dollarization-central-bank-seeks-to-enforce-kwacha-as-sole-legal-tender-for-domestic-transactions/
The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial stability. U.K. Urged to Retain 61,000 Bitcoins by Bitcoin Policy Group In their letter, the Bitcoin Policy Group […]
https://news.bitcoin.com/bitcoin-policy-group-urges-uk-to-retain-bitcoin-holdings/
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum […]
https://news.bitcoin.com/bitcoin-peaks-at-69404-as-short-liquidations-surpass-27m/
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds $1.5B in 4 Trading Sessions The spot ether ETFs have been impacted by Grayscale’s Ethereum […]
https://news.bitcoin.com/us-ether-etfs-see-negative-flows-as-grayscale-offloads-356-26m/
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform […]
https://news.bitcoin.com/wazirx-rolls-out-socialized-loss-strategy-across-all-users-post-230m-cyberattack/
Over recent weeks, Bitcoin.com News has been covering prediction markets linked to the U.S. election. Our newsdesk also tested various artificial intelligence (AI) chatbots to forecast the prices of bitcoin, gold, and ethereum by the end of 2024. In this particular experiment, we consulted nine different AI chatbots to predict the U.S. election outcome between […]
https://news.bitcoin.com/several-ai-chatbots-predict-trump-victory-in-2024-election-two-decline-to-answer/
A grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and […]
https://news.bitcoin.com/fbi-seizes-cryptocurrency-linked-to-north-korean-ransomware/