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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
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/
Solana meme coins are back in the headlines again, with new tokens making notable gains throughout the week. $TEA, the latest entry in this niche market, is making quite the impression with over three million community members and significant presale success within just a month of its launch. The popularity of $TEA has exploded in […]
https://news.bitcoin.com/solana-meme-coin-tea-is-brewing-success-with-unique-staking-and-swap-features/
Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock’s IBIT Dominates Bitcoin ETF Inflows On Monday, U.S. spot bitcoin ETFs attracted $533.57 million, the highest […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-see-record-533-57m-inflows-ahead-of-ether-etf-launch/
PRESS RELEASE. 23rd July, 2024 – Mhaya Brands is thrilled to announce the launch of the ‘Monopoly Mhaya’ airdrop, a revolutionary project poised to transform users into blockchain ‘tycoons’ through relentless clicking and the pursuit of profit. Since its debut on Telegram in July 2024, ‘Monopoly Mhaya’ has taken the platform by storm, attracting a […]
https://news.bitcoin.com/why-the-monopoly-mhaya-airdrop-is-a-massive-opportunity/
In response to compliance requests from Japan’s Financial Services Agency, crypto exchange Gate.io has announced the suspension of new account registrations for customers based in Japan, effective from July 22, 2024. The exchange is ceasing all services in the country due to regulatory pressures. However, Gate.io has expressed its intention to comply with Japanese laws […]
https://news.bitcoin.com/gate-io-suspends-new-account-registrations-in-japan-amid-regulatory-pressures/
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance minister, emphasized: “Taking into consideration the chaos we have experienced in the virtual asset market in […]
https://news.bitcoin.com/south-koreas-fsc-nominee-says-past-crypto-chaos-calls-for-strong-investor-protection/
India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions. He noted that many BRICS members share this cautious perspective. India Supports […]
https://news.bitcoin.com/india-favors-brics-payment-system-says-institute-director/
Spot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq on Tuesday, featuring a one-year fee waiver of 0.12% for the first […]
https://news.bitcoin.com/spot-ethereum-etfs-set-to-launch-blackrock-highlights-rising-demand-for-digital-asset-etfs/
Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib Bukele’s anti-crime measures. El Salvador’s prison population has surged, contradicting Trump’s statement. Notable bitcoin proponents like Max Keiser […]
https://news.bitcoin.com/trumps-claims-about-el-salvador-and-president-bukele-debunked/
The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe Exchange Inc., Miax International Securities Exchange LLC, Miax Pearl LLC, Nasdaq ISE LLC, and […]
https://news.bitcoin.com/sec-extends-review-period-for-bitcoin-trust-options-trading-proposals/
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […]
https://news.bitcoin.com/decentralized-finance-tvl-recovers-to-100b-after-july-lows/
According to the latest data from the prediction market Polymarket, the 75th Governor of North Carolina, Roy Cooper, and the 48th Governor of Pennsylvania, Josh Shapiro, are currently leading as vice presidential candidates for Kamala Harris if she secures the Democratic nomination at the upcoming convention. Both Cooper and Shapiro have nearly identical odds with […]
https://news.bitcoin.com/polymarket-wager-places-josh-shapiro-roy-cooper-as-leading-vp-candidates-for-harris/
Crypto’s latest craze is counting down fast. WienerAI (WAI), a new meme coin with AI technology, has only eight days left in its presale phase. And with a DEX debut on the horizon, investors are rushing to secure their WAI tokens at a discount while they can. WienerAI Presale Countdown Begins as Uniswap Debut Looms […]
https://news.bitcoin.com/ai-meme-coin-wienerai-prepares-for-dex-debut-with-just-8-days-left-in-7m-presale/
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/
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian rupee (INR) funds are secure and that efforts to recover the […]
https://news.bitcoin.com/wazirx-claims-inr-funds-unaffected-by-cyberattack-platform-secure/
Nayib Bukele's recent policy in El Salvador aims to combat inflation by introducing a controversial import duty exemption for over 116 basic products, a move that could benefit consumers in the short term but poses risks to local producers. Additionally, Bukele is promoting his "Bean of Fire" coffee brand by offering free coffee to businesses, further intertwining economic strategy with local entrepreneurship.
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The Digital Chamber, a crypto advocacy group, has called on U.S. Vice President Kamala Harris to support the digital asset industry with three requests. The group urged her to promote pro-digital asset language in the Democratic Party’s platform, choose a vice-presidential candidate with expertise in digital asset policy, and engage with industry leaders. Digital Chamber […]
https://news.bitcoin.com/kamala-harris-urged-to-embrace-digital-assets/
NPC Labs, an onchain product distribution platform founded by former members of Base, has successfully raised $18 million in a Seed Round led by Pantera Capital. The funding round saw participation from prominent investors such as Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle Ecofund. This latest funding round brings the total […]
https://news.bitcoin.com/npc-labs-secures-18-million-in-seed-round-to-bring-gamefi-to-non-crypto-native-users/
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently popular Hamster Kombat. Durov stated that the number of users has […]
https://news.bitcoin.com/telegram-reaches-950-million-monthly-active-users/
Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that ‘Hamster Kombat’, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that ‘Hamster Kombat’ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of […]
https://news.bitcoin.com/leader-of-russian-state-dumas-financial-market-committee-labels-hamster-kombat-a-scam-and-calls-for-its-termination/
Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to […]
https://news.bitcoin.com/analysts-predict-us-dollar-trends-amid-bidens-withdrawal-and-trumps-lead/
In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score […]
https://news.bitcoin.com/bitcoin-continues-to-dominate-as-altcoin-season-index-score-plummets/
Generalized international settlements using the Russian digital ruble will not be available until 2026, according to statements from Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. Aksakov stated that in 2025, authorities plan to expand the current pilot stage to implement these transactions within Russia. Subsequently, they will generalize and test […]
https://news.bitcoin.com/cross-border-digital-ruble-payments-may-become-a-reality-in-2026/
Following the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […]
https://news.bitcoin.com/nyse-clears-listing-of-bitwise-and-grayscale-eth-etfs-trading-expected-tuesday/
Toronto, July 22, 2024 – Canada Crypto Week, a week-long series of Web3 and AI events, is set to take place from August 11-17, 2024 in Toronto, Canada. Blockchain Futurist Conference serves as the anchor event for Canada Crypto Week, providing a central hub for the majority of the week’s activities. Many of the 20+ […]
https://news.bitcoin.com/canada-crypto-week-set-for-aug-11-17-2024-anchor-event-blockchain-futurist-conference-hosts-multiple-sub-events-onsite/
On Monday, the price of bitcoin (BTC) increased by 6.8% over the past week, while ethereum (ETH) saw a 3.3% rise against the U.S. dollar during the same period. The top performers this week were the two meme coins MEW and WIF, which gained 129.3% and 56.7%, respectively. MEW and WIF Lead Gains This Week […]
https://news.bitcoin.com/weekly-crypto-market-roundup-top-gainers-and-losers-revealed/
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for […]
https://news.bitcoin.com/wazirx-withdrawals-and-trading-paused-for-all-users-over-80-bounty-intents-received-within-24-hours/