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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Ethereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years from now,” he stressed. Buterin Highlights Risks of Narrow Political Focus in Crypto Ethereum co-founder Vitalik Buterin has cautioned […]
https://news.bitcoin.com/vitalik-buterin-warns-against-political-support-based-on-crypto-stance/
Ethereum prices are poised to reach new all-time highs, according to Matt Hougan, chief investment officer at Bitwise. Hougan’s analysis suggests that the introduction of spot ethereum exchange-traded funds (ETFs) will significantly impact ether prices, potentially driving them above $5,000 by year-end. Bitwise’s Hougan: Ethereum ETFs to Push Prices Above $5,000 Bitwise CIO Matt Hougan […]
https://news.bitcoin.com/ethereum-etfs-could-drive-prices-to-new-highs-says-bitwise-cio/
PRESS RELEASE. HTX DAO has announced its receipt of the second Ecosystem Liquidity Pledge took place on July 16, 2024. Through this pledge, 80,223,880 TRX and 9,631,105,301,954.7 $HTX (worth 21,500,000 USDT) have been allocated to SUN.io to enhance liquidity and all LP tokens have been credited to a zero address. As of press, HTX DAO […]
https://news.bitcoin.com/total-liquidity-pledge-to-htx-dao-hits-42-5m-after-2nd-round-bolstering-decentralized-ecosystem/
Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, aimed at providing exposure to blockchain-based artificial intelligence (AI) protocols. The fund, available to accredited investors, includes a basket of decentralized AI crypto protocols, rebalanced quarterly. Grayscale Introduces a Crypto AI Exchange-Traded Product The Grayscale Decentralized AI Fund is designed to offer accredited […]
https://news.bitcoin.com/grayscale-launches-decentralized-crypto-ai-fund-for-accredited-investors/
Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike its predecessor, Plonky2, which was optimized for hardware and recursion, Plonky3 offers greater flexibility […]
https://news.bitcoin.com/plonky3-the-polygon-zero-knowledge-proving-system-is-production-ready/
Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. This comes after the development team announced they’re locking up investors’ and team members’ coins for much longer than planned. Now, the big question on everyone’s mind is: Can WLD continue rising to the $5 level? Worldcoin […]
https://news.bitcoin.com/worldcoin-pumps-40-in-a-day-is-5-incoming/
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil and subsequently weaken the U.S. dollar. Market Analyst Michael Kao Predicts Trump’s Influence […]
https://news.bitcoin.com/financial-experts-contrarian-view-lower-oil-prices-weaker-us-dollar-under-trump/
PRESS RELEASE. Recently, HTX released their June performance report, sharing their key achievements and milestones with users. June was a month of breakthroughs and harvests. The report updates both new and existing users on HTX’s significant progress across various fronts, including operational data, ranking by external institutions, new asset listings, updates from HTX Ventures (the […]
https://news.bitcoin.com/htx-unveils-june-performance-report-achievements-across-diverse-sectors-highlighting-a-forward-thinking-approach/
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC holdings to 322,125.41 BTC, worth over $20 billion. Massive Inflows into U.S. Spot Bitcoin ETFs Highlight Institutional Backing The spot […]
https://news.bitcoin.com/us-spot-bitcoin-etfs-attract-422-million-in-single-day-inflows/
Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described lifelong Democrat, explained his reasoning on the latest episode of “The Ben & Marc Show” […]
https://news.bitcoin.com/crypto-friendly-vc-andreessen-horowitz-backs-trump-campaign/
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international markets. Kuvimba, the country’s largest gold producer, emphasizes transparency, legitimacy, and responsible mining. The Comstack system, utilizing blockchain technology, enhances […]
https://news.bitcoin.com/zimbabwean-miner-launches-blockchain-based-gold-tracking-system/
Caliza, a fintech company headquartered in the U.S. but focused on Latam, has raised $8.5 million in a funding round led by Initialized, seeking to expand the reach of its foothold in Brazil. The company offers B2B solutions focusing on USDC, Circle’s regulated stablecoin, providing rails for easing cross-border payments for its customers. Caliza Raises […]
https://news.bitcoin.com/caliza-raises-8-5-million-to-ease-cross-border-payments-using-usdc-in-latam/
On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some of Williams’ alleged crimes involve the use of cryptocurrency […]
https://news.bitcoin.com/nigeria-police-arrest-self-proclaimed-crypto-billionaire-on-charges-of-cryptocurrency-fraud-and-terrorism-funding/
The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining hash rate dropping 18.8% after reaching an […]
https://news.bitcoin.com/crypto-market-cap-drops-14-4-in-q2-2024-report-shows/
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its all-time high, bolstered by the Federal Reserve’s actions and the influence of former U.S. President Donald Trump. […]
https://news.bitcoin.com/jpmorgan-bullish-on-gold-prices-into-year-end/
Ripple CEO Brad Garlinghouse has criticized the politicization of cryptocurrency in the U.S., stressing the necessity of a bipartisan approach and clear regulatory guidelines. He condemned the partisan divide in crypto innovation, particularly addressing Senator Elizabeth Warren’s characterization of cryptocurrencies as tools for illicit activities. Garlinghouse called for bipartisan cooperation to fully realize crypto’s benefits. […]
https://news.bitcoin.com/ripple-ceo-blasts-political-divide-over-crypto-calls-for-bipartisan-cooperation/
In a recent interview with Bloomberg Businessweek, former President Donald Trump outlined his economic vision, touching on topics such as taxation, tariffs, Federal Reserve Chair Jerome Powell, and cryptocurrency. Trump’s views and plans reflect his signature approach to economic policy, emphasizing deregulation and protectionism. Trump Outlines Economic Vision in Bloomberg Interview, Emphasizes Deregulation and Tariffs […]
https://news.bitcoin.com/trump-talks-economic-plans-and-us-crypto-strategy-with-bloomberg-chinas-going-to-have-it-or-somebody-else/
On Wednesday, billionaire investor Mark Cuban shared on X about Silicon Valley’s growing backing for former President Trump, labeling it a “bitcoin play.” He argued that reduced tax rates and tariffs are likely to boost bitcoin prices. Mark Cuban Calls Silicon Valley’s Support for Trump a ‘Bitcoin Play’ Mark Cuban took to X to address […]
https://news.bitcoin.com/billionaire-mark-cuban-connects-silicon-valleys-trump-support-to-bitcoin/
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]
https://news.bitcoin.com/stablecoin-market-expands-by-344m-in-7-days-led-by-paypals-pyusd-growth/
The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement. Institutional Interest Drives Massive Growth in Crypto’s Over-the-Counter Industry The Finery Markets team analyzed data from two […]
https://news.bitcoin.com/otc-crypto-spot-transaction-volume-surges-95-in-h1-2024-driven-by-institutional-interest/
During the past year, our newsdesk has explored using generative artificial intelligence (AI) chatbots to predict bitcoin prices and further extended this approach to forecasting the price of an ounce of fine gold. As part of this experiment, this week we used ethereum (ETH), the second largest cryptocurrency by market capitalization, to query several AI […]
https://news.bitcoin.com/ethereums-year-end-price-forecasted-by-9-distinct-ai-chatbots-3800-to-6000/
In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption […]
https://news.bitcoin.com/issuance-of-tron-based-usdt-exceeds-60-billion/
Caliza, a fintech company, has raised $8.5 million to enhance cross-border payments in Latin America using USDC stablecoin, aiming to expand its reach in Brazil and beyond. Led by Initialized Capital, the funding will help Caliza to double its workforce while targeting further expansion in Mexico later this year.
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The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that only seven African countries have preparedness indices of 0.4 or more. South Africa leads the continent with a score of 0.5, while the Republic of South Sudan (0.11) and the Central African Republic (0.18) are ranked the lowest. Nigeria Not Among Africa’s Top […]
https://news.bitcoin.com/ai-preparedness-index-south-africa-best-prepared-african-country-nigeria-ranks-outside-the-continents-top-7/
Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program […]
https://news.bitcoin.com/man-pleads-guilty-in-meijer-loyalty-program-fraud-case-forfeits-crypto/
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more […]
https://news.bitcoin.com/uae-blockchain-and-ai-startup-sentient-labs-secures-85-million-in-seed-funding/
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea […]
https://news.bitcoin.com/south-korea-considers-deferring-crypto-taxation-until-2028/
Bitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin transactions for Bitso’s users. Bitso Adds Lightning Support via Lightspark The integration of Lightspark Connect will allow Bitso‘s 8 million retail customers […]
https://news.bitcoin.com/bitso-integrates-lightspark-for-bitcoin-lightning-network/
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million to Fairshake, another pro-crypto super PAC, following a similar contribution in […]
https://news.bitcoin.com/ripple-donates-1-million-to-new-super-pac-seeking-to-unseat-senator-elizabeth-warren/
Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin as a safeguard against this financial apocalypse, urging former President Donald Trump and his VP pick, Senator J.D. Vance, to […]
https://news.bitcoin.com/erik-voorhees-warns-of-financial-apocalypse-advises-best-thing-trump-can-do/