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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank disclosed that it […]
https://news.bitcoin.com/nigeria-acts-to-defend-naira-after-currency-hits-new-record-low/
Veteran trader Peter Brandt has emphasized that the current bitcoin price pattern “appears as a down channel.” Brandt’s recent analysis also indicates a potentially significant long-term upside for bitcoin, contrasting with gold advocate Peter Schiff’s bearish stance on the cryptocurrency. Peter Brandt Highlights Key Bitcoin Patterns and Bullish BTC/Gold Ratio Outlook Veteran trader Peter Brandt, […]
https://news.bitcoin.com/veteran-trader-peter-brandt-identifies-bitcoins-down-channel-pattern/
Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were identified as members of the Lockbit group. Active since January 2020, this group […]
https://news.bitcoin.com/2-foreign-nationals-plead-guilty-in-lockbit-ransomware-case/
The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share insights on emerging threats, and foster a unified approach to combating financial fraud. Quarterly meetings will address trends, scams, and mitigation […]
https://news.bitcoin.com/sec-and-100-agencies-form-council-to-combat-securities-fraud/
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia are not conducive for the country to proceed with the de-dollarization proposals. Zambia Not Ideally Placed to Dedollarize The International Monetary Fund (IMF)’s Zambian representative, […]
https://news.bitcoin.com/imf-warns-zambia-against-dedollarization-calls-plan-counterproductive/
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most […]
https://news.bitcoin.com/study-europe-leads-in-global-crypto-transaction-volume-binance-remains-most-used-exchange/
The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government sector aligns with the Jordanian Digital Transformation Strategy (2021-2025). Enhancing Trust in Government Services On July 17, the Jordanian Ministry of Digital Economy and […]
https://news.bitcoin.com/jordan-launches-national-blockchain-technology-network/
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other […]
https://news.bitcoin.com/philippine-central-bank-warns-of-ai-driven-crypto-scams-governor-denies-endorsing-cryptocurrency-projects/
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase to maintain withdrawals and plan future distributions, including those recovered from FTX. Blockfi to Begin […]
https://news.bitcoin.com/blockfi-to-begin-interim-crypto-distributions-via-coinbase-this-month/
Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate ICP blockchain technology into its operations, enhancing its global reach and […]
https://news.bitcoin.com/momint-secures-grant-from-dfinity-foundation-for-global-blockchain-expansion/
From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, […]
https://news.bitcoin.com/creating-btc-growth-points-gomining-vision/
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […]
https://news.bitcoin.com/africas-blockchain-funding-drops-to-1-3-in-2023-deal-share-rises-report/
KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic alliance with Cryptio, a crypto accounting software platform. This collaboration aims to help companies establish controls for better accounting of crypto assets, meeting US GAAP accounting and reporting obligations. The alliance will empower enterprises and institutions to navigate the complexities of the […]
https://news.bitcoin.com/kpmg-establishes-strategic-alliance-with-cryptio/
K9 Finance DAO has successfully launched its validator and KNINE token on the Shiba Inu blockchain, marking a significant step in advancing decentralized finance solutions within the Shiba ecosystem. This integration enhances liquidity and trading capabilities through the official ShibaSwap platform, aligning with K9 Finance's mission to democratize finance and support DeFi innovation.
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South African crypto exchange Luno has announced that it is integrating its platform with Fireblock’s enterprise-grade digital asset transfer platform. Aleks Andjelopolj suggested that leveraging Fireblocks means Luno users will experience the same immediate transaction settlement enjoyed by customers of the same bank. The Allure of Fireblocks Integration The South African cryptocurrency trading platform Luno […]
https://news.bitcoin.com/south-african-exchange-luno-leverages-fireblocks-enterprise-grade-digital-asset-platform/
Ryan Selkis, founder of Messari, has stepped down as CEO, following controversial social media posts. He will transition to Senior Advisor, while Eric Turner takes over as interim CEO. “This week was the first week in 6.5 years that my politics and rhetoric put the team in harm’s way,” he stressed. Ryan Selkis Resigns as […]
https://news.bitcoin.com/messari-ceo-selkis-resigns-after-controversial-political-posts/
U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage in history.” Bitcoin’s Stability Highlighted During Major System Outage U.S. Senator Cynthia Lummis […]
https://news.bitcoin.com/us-senator-highlights-bitcoin-as-currency-unaffected-by-widespread-cyber-outages/
Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products and undergo a “comprehensive rectification.” Withdrawals to Be Directed to Designated Wallets Months after abruptly suspending withdrawals, digital […]
https://news.bitcoin.com/bitforex-to-reopen-withdrawals-months-after-team-members-detention-rendered-platform-inaccessible/
Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is an unprecedented attack on one of the largest crypto exchanges in India. […]
https://news.bitcoin.com/wazirx-prepares-bounty-program-to-recover-230-million-stolen-in-security-breach/
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the affected assets. Shortly after detecting unusual activity, […]
https://news.bitcoin.com/rho-markets-pauses-platform-after-attacker-siphons-7-6-million-in-digital-assets/
Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, regardless of their income levels. During the 12-month sandbox period, Ownmali will adhere to regulatory requirements, […]
https://news.bitcoin.com/real-estate-tokenization-platform-enters-kenyan-regulatory-sandbox/
Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a […]
https://news.bitcoin.com/chinese-billionaire-convicted-of-racketeering-and-wire-fraud-in-us/
Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency. Dave Portnoy Embraces Bitcoin Payments Dave Portnoy, founder […]
https://news.bitcoin.com/barstools-dave-portnoy-accepts-bitcoin-from-kraken-in-sponsorship-deal/
The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […]
https://news.bitcoin.com/basel-committee-gives-permissioned-stablecoins-preferential-treatment-in-amended-crypto-asset-standard-amidst-heavy-criticism/
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.” […]
https://news.bitcoin.com/leading-btm-operator-bitcoin-depot-will-add-bitcoin-to-its-treasury-reserves/
Fantom Foundation and Sonic Labs have announced a strategic partnership with Alchemy, a Web3 infrastructure provider. This collaboration aims to enhance the performance and scalability of both Opera and Sonic. Alchemy will contribute RPC support and key development tools to developers on Opera, and similar support will be extended to Sonic upon its launch later […]
https://news.bitcoin.com/fantom-foundation-and-sonic-labs-tap-alchemy-to-boost-performance-and-scalability-for-opera-and-sonic/
The meme coin market has flipped bullish again over the past week. Hamster Kombat (HMSTR) is doing well in pre-market trading, leaving traders buzzing about its upcoming exchange launch. Meanwhile, everyone’s wondering if Shiba Shootout (SHIBASHOOT), the new Wild West-themed meme coin, can match Hamster Kombat’s success. Pre-Market Trading Frenzy Continues for Hamster Kombat Hamster […]
https://news.bitcoin.com/hamster-kombat-continues-rising-in-pre-market-trading-as-new-p2e-token-shiba-shootout-raises-700k/
Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds. Meanwhile, Liminal Custody has insisted that its platform remains secure and that all malicious […]
https://news.bitcoin.com/wazirx-takes-legal-action-after-230-million-cyberattack-liminal-insists-platform-secure/
Global crypto exchange HTX has integrated Fireblocks Off Exchange. This is aimed at enhancing digital asset security and streamlining global compliance operations. It employs Fireblocks’ multi-party computation (MPC) technology to mitigate exchange counterparty risk, marking a substantial step in risk mitigation for over-the-counter transactions in the cryptocurrency market. The collaboration is expected to improve the […]
https://news.bitcoin.com/htx-is-latest-exchange-to-integrate-fireblocks/
The Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts. Both stated that their goal with this donation is to help Deaton beat Sen. Elizabeth Warren, who has an anti-crypto stance. On X, Tyler explained […]
https://news.bitcoin.com/winklevoss-twins-donate-1-million-to-elizabeth-warren-rival-john-deaton/