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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 on July 22, 2024, stands at $3,497, showing a dynamic interplay of market forces. The cryptocurrency’s recent movements exhibit consolidation with a potential bullish resurgence. Ethereum The 1-hour ETH/USD chart reveals critical support at $3,411 and resistance at $3,565. Ethereum’s price has been oscillating within these boundaries, with noticeable volume spikes at pivotal […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-eyes-bullish-rebound-amidst-consolidation/
Cboe is set to list five new ether exchange-traded funds (ETFs) on July 23, pending regulatory effectiveness, with offerings from firms like Fidelity and Vaneck. This move comes after the SEC approved several spot ether ETF filings in May, creating excitement around potential impacts on the Ethereum market.
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The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin […]
https://news.bitcoin.com/excessive-greed-more-bitcoin-mining-companies-are-abandoning-paraguay-for-brazil/
Ethereum co-founder, Vitalik Buterin, has publicly praised the prediction market Polymarket for their impressive performance. He commended the platform not only for accurately predicting outcomes well in advance but also for actively contributing to collective decision-making through the visibility of conditional odds of different candidates. As recently reported, following the announcement that President Joe Biden […]
https://news.bitcoin.com/vitalik-buterin-applauds-polymarkets-predictive-power-and-influence/
The recent addition of laser eyes, a feature popular among bitcoin enthusiasts, to Elon Musk’s profile picture has spurred speculation around his potential involvement in the upcoming Bitcoin 2024 Conference to be held in Nashville, Tennessee. According to Eleanor Terrett, a Fox Business journalist, Musk arrived in Tennessee on July 21. She suggested that Musk’s […]
https://news.bitcoin.com/elon-musk-laser-eyes-profile-picture-sparks-speculation/
Invest Hong Kong, the government department responsible for attracting foreign direct investment, has announced the 7th edition of the Global Fast Track (GFT) 2024, a program designed to empower business connectivity among fintech startups, corporates, and investors. The program, open for applications until September 20, offers fintech companies worldwide the opportunity to pitch their cases […]
https://news.bitcoin.com/hong-kong-introduces-blockchain-vertical-in-global-fast-track-2024/
Delhi police have arrested seven individuals, including a contractual bank employee, for allegedly defrauding a man of ₹91 lakh ($111,000) by promising high returns in stock and cryptocurrency trading. The suspects, identified as Ajay, Mohit, Shankar, Partyaksh Koshar, Manish Jawla, Shrayance Pandit, and Dinesh, created fictitious bank accounts and sold them to other fraudsters. Deputy […]
https://news.bitcoin.com/delhi-police-arrest-7-in-crypto-fraud/
On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be […]
https://news.bitcoin.com/solana-based-kamala-token-soars-as-biden-linked-meme-coins-tumble-after-race-withdrawal/
South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations, it became evident that further measures were necessary to combat unfair […]
https://news.bitcoin.com/new-virtual-asset-protection-act-takes-effect-in-south-korea/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele […]
https://news.bitcoin.com/latam-insights-bukele-slashes-import-duties-in-el-salvador-argentina-enacts-crypto-tax-normalization/
Following the announcement that President Joe Biden will withdraw from the 2024 election, the prediction market Polymarket now indicates an 81% probability that Vice President Kamala Harris will be the Democratic nominee at the upcoming national convention. Polymarket Shows Kamala Harris as Democratic Favorite On Sunday afternoon, President Biden declared he would not seek re-election […]
https://news.bitcoin.com/biden-exits-2024-election-polymarket-predicts-kamala-harris-as-leading-democratic-nominee/
The highly anticipated Bitcoin Cash (BCH) Conference is set to take place in Buenos Aires, Argentina from October 12 to October 14, 2024. The event, hosted at the stunning Calima Eventos in the Puerto Madero area, promises a blend of networking, innovation, and entertainment over three days. Attendees can look forward to engaging discussions, a […]
https://news.bitcoin.com/bitcoin-cash-bch-conference-2024-coming-to-buenos-aires-argentina-in-october/
Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […]
https://news.bitcoin.com/wazirx-offers-23m-bounty-to-recover-stolen-assets-after-massive-security-breach/
Former U.S. President Donald Trump experienced a surge in prediction market odds for winning the presidential election after an assassination attempt at a Pennsylvania rally. Ripple’s CEO and legal chief celebrated their firm’s landmark legal victory against the SEC, affirming that XRP is not a security. Valentina Matvienko, a Russian Senate leader, discussed the potential […]
https://news.bitcoin.com/trumps-odds-of-winning-soar-otc-volume-surges-95-in-h1-and-more-week-in-review/
The recently detained Nigerian self-proclaimed cryptocurrency billionaire, Linus Williams, has been released on bail. According to a controversial Instagram celebrity, Verydarkman, the crypto billionaire begged for release but is expected to answer for his alleged crimes soon. Self-Proclaimed Billionaire Begged to Be Released Nigeria’s self-proclaimed cryptocurrency billionaire, Linus Williams, recently arrested on charges of fraud […]
https://news.bitcoin.com/nigerias-self-proclaimed-crypto-billionaire-released-from-police-custody/
Bitcoin Mining Today: Challenges and Investment Choices Despite renewed interest in Bitcoin mining investments, substantial barriers still limit accessibility for the average person. High electricity costs, combined with capital and knowledge requirements can make it challenging to obtain a profit. Investors that don’t have the time, money, or geographical location are left with essentially two […]
https://news.bitcoin.com/infinity-hash-innovating-passive-income-with-bitcoin-mining/
On Monday, bitcoin’s price stands at $67,463 per unit, within an intraday 24-hour range of $65,833 to $68,486. The leading crypto asset boasts an overall market capitalization of $1.33 trillion and a 24-hour trade volume of $31 billion. Bitcoin Bitcoin’s 1-hour chart indicates a recent peak at $68,486, followed by a downward correction. The current […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-balances-short-term-corrections-and-long-term-bullish-momentum/
Slot.org has officially launched, unveiling an ambitious vision to integrate blockchain technology and offer a suite of cryptocurrency-themed slot games. This move aims to redefine the online slot experience by merging cutting-edge technology with engaging gameplay, making it a significant development in the gaming industry. Launch Highlights Slot.org’s launch introduces a robust platform filled with […]
https://news.bitcoin.com/slot-org-launches-with-bold-plans-for-blockchain-integration-and-crypto-themed-games/
Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development and expansion in the Web3 industry. Boyaa aims to ‘deepen its presence in the Web3 industry, leverage the […]
https://news.bitcoin.com/hong-kongs-boyaa-interactive-announces-strategic-bitcoin-ecosystem-cooperation-plans-to-purchase-100-million-in-btc/
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 import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in […]
https://news.bitcoin.com/latam-insights-encore-bukele-pushes-controversial-substitution-of-national-products-policy-to-fight-inflation-offers-free-coffee-on-top/
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018, […]
https://news.bitcoin.com/meta-to-appeal-nigerias-220-million-data-privacy-fine/
Cboe, the Chicago Board Options Exchange, is preparing to list five new ether exchange-traded funds (ETFs) on Tuesday, pending regulatory effectiveness. These five spot ethereum ETFs are from 21shares, Fidelity, Franklin, Invesco Galaxy, and Vaneck. The U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight spot ether ETFs in May and has […]
https://news.bitcoin.com/cboe-announces-5-ether-etfs-will-be-listed-tuesday-pending-regulatory-effectiveness/
Rich Dad Poor Dad author Robert Kiyosaki predicts a major opportunity for wealth accumulation as real estate markets crash. “The time to make money in your sleep is arriving now,” he stressed, adding that his Rich Dad has taught him, “If you don’t learn how to make money in your sleep… you’ll never be rich.” […]
https://news.bitcoin.com/robert-kiyosaki-real-estate-markets-crashing-time-to-make-money-in-your-sleep/
On Sunday at 4:30 p.m. EDT, bitcoin (BTC) is trading between $67,968 to $68,108 per unit, following a flash dip to $65,833 per coin after U.S. President Joe Biden announced his withdrawal from the 2024 election. The volatility on July 21 led to the liquidation of $37.32 million in bitcoin long positions over the past […]
https://news.bitcoin.com/bitcoins-flash-crash-below-66k-and-rebound-above-68k-following-bidens-election-decision/
The African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to drive Africa’s digital development. These initiatives aim to accelerate digital transformation by leveraging new technologies while ensuring ethical use and minimizing risks. The strategy provides guidance for African countries to harness AI, preserve identity, languages, and cultures, and […]
https://news.bitcoin.com/african-union-approves-continents-artificial-intelligence-strategy/
Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General […]
https://news.bitcoin.com/7-us-states-unite-to-challenge-secs-crypto-overreach/
While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […]
https://news.bitcoin.com/veteran-blockchain-developer-overregulation-creates-hurdles-for-crypto-companies-diminishing-overall-user-experience/
In a recent social media post, Justin Sun, the crypto entrepreneur, shared his experience with the HTX app on his Apple Vision Pro. He expressed his satisfaction with the app’s performance, highlighting its capabilities to view cryptocurrency and place orders. Sun’s post also revealed that HTX is in the process of developing a new concept […]
https://news.bitcoin.com/htx-is-developing-an-apple-vision-pro-crypto-exchange-concept/
Dylan Meissner, 31, of Westport, has pleaded guilty to fraud in Hartford federal court, the U.S. Department of Justice (DOJ) announced. Meissner, a former Vice President of Finance at a cryptocurrency research firm, admitted to stealing over $4 million from his employer. Starting in January 2022, Meissner secured a $170,000 loan in ethereum from his […]
https://news.bitcoin.com/former-finance-vp-pleads-guilty-to-embezzling-4-million-from-crypto-firm/
According to Paul Thomas, a seasoned technologist and founder at Somnia, artificial intelligence (AI), like the metaverse before it, is currently experiencing hype. This hype cycle will continue to be in vogue before eventually waning. Thomas argues that combining the metaverse with AI can potentially “make virtual environments interactive and personal.” AI Hype Cycle Expected […]
https://news.bitcoin.com/ai-and-metaverse-combo-could-create-more-interactive-personal-virtual-worlds-says-tech-veteran/