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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
K9 Finance DAO, a pioneering decentralized autonomous organization dedicated to advancing decentralized finance (DeFi) solutions, proudly announces the successful launch of its validator on the Shiba Inu Layer 2 (L2) mainnet. Concurrently, the DAO introduces its KNINE token on the Shibarium blockchain, leveraging the official ShibaSwap platform for liquidity and trading. Integrating K9 Finance DAO’s […]
https://news.bitcoin.com/k9-finance-validator-and-token-live-on-shiba-inu-blockchain/
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Regulatory Regime On July 17, Hong Kong regulators—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong […]
https://news.bitcoin.com/hong-kong-regulators-say-proposed-stablecoin-regulation-has-received-positive-stakeholder-feedback/
Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s digital asset capabilities, the collaboration aims to promote sustainable and transparent growth in the digital asset market. Zodia is Standard Chartered’s […]
https://news.bitcoin.com/standard-chartered-animoca-brands-and-hkt-join-forces-on-hong-kongs-stablecoin-sandbox/
The potential for a ban on cryptocurrency mining in regions classified as ‘energy deficient’ has hindered the ability to reach a consensus on the approval of cryptocurrency mining regulations in Russia. The proposed bill, which is expected to pass in August, would give authorities the power to declare mining operations in these regions illegal, based […]
https://news.bitcoin.com/potential-ban-on-cryptocurrency-mining-in-certain-regions-disrupts-regulatory-efforts-in-russia/
Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization had used cryptocurrency to launder the proceedings of their activities to some extent. OFAC […]
https://news.bitcoin.com/venezuelan-crime-organization-tren-de-aragua-gets-sanctioned-by-ofac-on-crypto-money-laundering-allegations/
Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto […]
https://news.bitcoin.com/indian-crypto-exchange-wazirx-updates-on-major-multisig-wallet-hack/
The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi) activities on the TON platform. TON Foundation Announces Bitcoin Bridge […]
https://news.bitcoin.com/ton-foundation-to-launch-bitcoin-bridge-on-the-open-network/
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, […]
https://news.bitcoin.com/cryptoquant-insights-report-seller-fatigue-suggests-bitcoin-price-bottom/
U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows. Blackrock’s IBIT Boosts Reserves to $21B Amid $110.37M Inflows On July 17, the 11 spot bitcoin ETFs recorded $1.79 billion in trade […]
https://news.bitcoin.com/us-bitcoin-etfs-record-ninth-consecutive-day-of-gains-adding-53-35-million/
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After […]
https://news.bitcoin.com/indian-crypto-exchange-wazirx-suspends-withdrawals-amid-230m-security-breach/
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal proceedings at the Leipzig Regional Court. 2.64 Billion Euros Raised […]
https://news.bitcoin.com/german-authorities-announce-bitcoin-sale-completion-net-e2-6-billion/
PRESS RELEASE. The Undeads team is thrilled to announce the first public beta for their flagship game, Undeads, a gripping battle royale experience available on Steam. Players will compete to be the last one standing, choosing to survive as either a Zombie or a Human. As a token of appreciation for their ongoing commitment and […]
https://news.bitcoin.com/undeads-game-beta-playtest-starts-august-10/
On July 16, a Nigerian court issued an arrest warrant for a prison doctor who failed to provide jailed Binance executive Tigran Gambaryan’s medical report as demanded. The court also ordered prison officials to take Gambaryan to a local hospital for 24 hours of medical care. Prison Doctor Fails to Appear in Court A Nigerian […]
https://news.bitcoin.com/nigerian-prison-doctor-faces-arrest-over-jailed-binance-execs-health-report/
Okx, a leading cryptocurrency exchange, has announced its decision to discontinue services in Nigeria starting from August 16, 2024. The company cited unfavorable policies by the Nigerian government as the reason for this move. Okx said Nigerian users are advised to withdraw their funds from the platform before the specified date. This decision is similar […]
https://news.bitcoin.com/okx-quits-nigerian-market-users-urged-to-withdraw-funds-before-deadline/
Skybridge Capital founder Anthony Scaramucci criticized the support of billionaires for former U.S. President and presidential candidate Donald Trump, reflecting on his own experience. He joined the Trump administration in July 2017. However, his tenure as Communications Director was notably short-lived, lasting only 11 days, due to his controversial remarks and conflicts within the administration. […]
https://news.bitcoin.com/skybridges-scaramucci-warns-billionaires-supporting-trump-dangerous-times-ahead/
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […]
https://news.bitcoin.com/putin-calls-to-seize-the-moment-to-kickstart-digital-ruble-and-crypto-adoption-in-russia/
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […]
https://news.bitcoin.com/kraken-expands-crypto-custody-services-to-institutions-in-uk-and-australia/
The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is […]
https://news.bitcoin.com/fbi-seizes-2-5m-in-crypto-from-thailand-based-pig-butchering-scam-targeting-americans/
Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina […]
https://news.bitcoin.com/triple-a-argentina-and-brazil-in-the-top-ten-of-countries-with-most-cryptocurrency-ownership/
President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that this will exacerbate reliance on imports, […]
https://news.bitcoin.com/president-bukele-eliminates-basic-food-products-import-duties-for-a-decade-in-el-salvador/
Tangem announced the launch of its Tangem Ring cryptocurrency hardware wallet on Wednesday, touting it as “the world’s first ring-shaped crypto wallet,” designed to “transform how people interact with cryptocurrencies.” The company stated that users can now wear their crypto, providing instant access to over 6,000 assets and various services directly on their fingers. The […]
https://news.bitcoin.com/tangem-launches-ring-shaped-hardware-cryptocurrency-wallet/
The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]
https://news.bitcoin.com/research-shows-institutional-custodians-and-etfs-drive-significant-bitcoin-market-movements/
The Meme Games (MGME) is the latest project everyone’s buzzing about. It’s benefiting from the hype around the 2024 Paris Olympics and has raised almost $150,000 in the first week of its presale. With a hilarious design and some huge staking rewards on offer, no wonder investors are piling in while they can. Olympic-Theme Meme […]
https://news.bitcoin.com/olympic-themed-crypto-the-meme-games-nears-150k-in-first-week-of-presale/
The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting more evidence is needed before making another move. The ECB highlighted that while corporate profits are mitigating some […]
https://news.bitcoin.com/ecb-maintains-interest-rates-amid-persistent-inflation-concerns/
The Undeads team is excited to kick off the public beta for their new game, "Undeads," on August 10. Players who register on the Undeads website can join the battle royale action and compete for a share of a $10K prize pool.
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Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment to Fund African Expansion Drive The South African fintech startup Turnstay recently secured $300,000 (over […]
https://news.bitcoin.com/south-african-travel-fintech-turnstay-secures-funding-for-regional-expansion-from-dcg-dfs-lab/
The German government has officially acknowledged its involvement in selling 49,858 bitcoin linked to the movie2k case. In a press release, German authorities reported that the sales were completed due to what is stipulated in Section 111p of the Code of Criminal Procedure, classifying this move as an “emergency sale.” Bankhaus Scheich Wertpapierspezialist AG, the […]
https://news.bitcoin.com/german-government-officially-acknowledges-involvement-in-50000-bitcoin-sell-off/
The Arthur Hayes-linked Bitcoin-supporting entity Maelstorm has launched a grant program to assist with the technical development of Bitcoin. Developers who wish to receive grants—ranging from $50,000 to $150,000 each—must submit applications on or before August 25. Enhancing Bitcoin’s Resilience and Censorship Resistance Maelstorm, an entity focused on Bitcoin’s technical development, has launched a Bitcoin […]
https://news.bitcoin.com/maelstrom-launches-bitcoin-grant-program-aiming-to-support-developers/
The Washington State Department of Financial Institutions (DFI) has reported multiple complaints about cryptocurrency scams on Whatsapp and Telegram involving fake “professors.” These scams lure investors through social media ads and false educational institutions, promising high returns and offering dubious loans. Cryptocurrency Scams: Fake Professors Target Investors The Washington State Department of Financial Institutions (DFI) […]
https://news.bitcoin.com/fake-professors-scam-crypto-investors-on-telegram-and-whatsapp-dfi-warns/
Former U.S. President and presidential candidate Donald Trump has reaffirmed his support for cryptocurrency, emphasizing: “If we don’t do it, China is going to pick it up” and dominate the industry. He revealed that he will launch another non-fungible token (NFT) collection. He stressed that almost all of his previous NFTs were paid in crypto, […]
https://news.bitcoin.com/trump-reaffirms-support-for-crypto-plans-to-launch-4th-nft-collection/