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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted […]
https://news.bitcoin.com/tanzania-seeks-to-shore-up-local-currency-with-directive-mandating-tourists-to-use-shillings/
As news emerged about British High Court Judge James Mellor’s referral to prosecute Craig Wright for perjury, Wright’s website, craigwright.net, now displays a legal notice stating he is not Satoshi Nakamoto, the creator of bitcoin. The main page of the web portal hosts the notice, which reads: “Dr Wright is not the author of the […]
https://news.bitcoin.com/craig-wrights-web-portal-removes-false-claims-site-states-he-is-not-bitcoins-founder/
According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to […]
https://news.bitcoin.com/google-trends-shows-ethereum-interest-rising-rapidly-as-etf-launch-approaches/
According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, […]
https://news.bitcoin.com/lifi-finance-hit-by-8-million-exploit-warns-users-to-avoid-applications/
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds On Tuesday, the Mt Gox trustee moved significant amounts of […]
https://news.bitcoin.com/mt-gox-funds-arrive-at-kraken-bitcoin-and-bitcoin-cash-distributions-expected-soon/
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]
https://news.bitcoin.com/from-microstrategy-to-gamestop-backed-introduces-5-new-tokenized-equities/
Keith Neumeyer, CEO of First Majestic Silver, highlights a significant silver production deficit, potentially driving prices to $50-$70 per ounce. He emphasizes the need for institutional investment to support the silver market's industrial demands.
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A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked to funds stolen from Atomic Wallet, […]
https://news.bitcoin.com/cambodian-firm-receives-150k-in-crypto-from-north-korean-hackers/
Amidst a legal challenge, Tether, the USDT stablecoin issuer, has made a strategic appointment. The Chief Economist of crypto surveillance company Chainalysis, Philip Gradwell, has been brought on board as Tether’s Head of Economics. This move comes at a time when Tether and its sister crypto exchange Bitfinex are facing a class action lawsuit. The […]
https://news.bitcoin.com/chainalysis-chief-economist-joins-tether-amidst-ongoing-class-action-lawsuit/
Michael Dell, the founder and CEO of Dell Technologies, has expressed his fascination with Bitcoin on social media. Dell, who has a net worth of approximately $108 billion, shared a recent video of Blackrock CEO Larry Fink discussing bitcoin on CNBC. This move is significant as Dell’s endorsement could influence the tech and finance industries’ […]
https://news.bitcoin.com/tech-billionaire-michael-dell-calls-bitcoin-fascinating/
Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have to enter the market, supporting the activity of these extractive companies needed for many industrial purposes. Silver Prices Poised to Rise if […]
https://news.bitcoin.com/mining-company-ceo-claims-silver-deficit-is-growing-institutions-might-drive-prices-higher/
Uganda is aiming to return to the gold standard at some extent with a purchase proposal that seeks to amass more gold to back its fiat currency, the Ugandan shilling. The Central Bank of Uganda will purchase gold from artisanal miners to support their activities and reduce raw gold imports. Uganda Eyes Gold Standard Backing […]
https://news.bitcoin.com/uganda-presents-purchase-plan-to-return-to-the-gold-standard/
Veteran trader Peter Brandt’s recent bitcoin analysis suggests a bullish momentum, noting that a bear trap is confirmed by the July 13 close. However, this outlook is contingent on bitcoin staying above $56,000. Brandt recently predicted a potential BTC peak at $150,000 by late 2025. Peter Brandt Foresees Bullish Momentum for Bitcoin Veteran trader Peter […]
https://news.bitcoin.com/peter-brandt-anticipates-bullish-move-for-bitcoin-says-bears-are-trapped/
Wirex and Visa have partnered to launch Wirex Pay, aiming to bring seamless crypto payments to millions of merchants worldwide, enhancing accessibility and convenience. “This partnership is set to revolutionize the way we use digital assets,” said Wirex Pay, emphasizing that Wirex and Visa are teaming up to “drive innovation in web3 payments.” Wirex and […]
https://news.bitcoin.com/visa-and-wirex-partner-to-bring-seamless-crypto-payments-to-millions-of-merchants-globally/
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto stance aligns with Trump’s, who has positioned himself as the “crypto president,” expressing support for Bitcoin and […]
https://news.bitcoin.com/trump-chooses-crypto-advocate-senator-jd-vance-as-running-mate/
Argentina has recently released the rules that will govern the previously approved legislative package affecting the inclusion of cryptocurrency and other undeclared assets in the country’s tax system. The benefits will only be available to taxpayers who hold their assets in registered VASPs. These taxpayers will be exempt from taxes for up to $100,000 held […]
https://news.bitcoin.com/argentina-defines-rules-for-normalization-of-previously-undeclared-assets-including-cryptocurrency/
Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]
https://news.bitcoin.com/hermetica-introduces-bitcoin-backed-synthetic-dollar-on-bitcoin-l1/
U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million. Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 […]
https://news.bitcoin.com/301m-flows-into-bitcoin-etfs-led-by-blackrock-and-ark-invest/
Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes report, the popular meme coin is projected to grow much further and experience a staggering 1700% price rally into 2025. As the market buzzes with optimism, it’s clear that […]
https://news.bitcoin.com/forbes-predicts-1700-shiba-inu-coin-price-rally-could-shiba-shootout-also-explode/
The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to […]
https://news.bitcoin.com/us-spot-ether-etfs-to-launch-on-july-23-pending-final-sec-approval-analyst-says/
The digital revolution has touched nearly every aspect of modern life, and the online gaming industry is no exception. One of the most intriguing developments in this space is the adoption of Bitcoin, the world’s first and most well-known cryptocurrency. Brought by Slot.org, this story explores how Bitcoin is reshaping the world of online slot […]
https://news.bitcoin.com/the-impact-of-bitcoin-on-online-slot-games-insights-from-slot-org/
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting his claim. The Crypto Open Patent Alliance, including Block, founded by Twitter’s Jack Dorsey, […]
https://news.bitcoin.com/judge-refers-craig-wright-for-criminal-prosecution-in-bitcoin-case/
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, […]
https://news.bitcoin.com/mt-gox-estate-transfers-3b-in-bitcoin-53m-in-bitcoin-cash-ahead-of-distribution/
Metaplanet, a Tokyo-based public company, has revealed that it has acquired more bitcoin for its treasury holdings. According to disclosure statements, Metaplanet acquired 21.877 bitcoin, spending about $1.26 million (200 million Japanese yen) for this purpose. Now, Metaplanet holds 225.61 bitcoin, having paid a little over $14.17 million for the cryptocurrency acquired. In May, the […]
https://news.bitcoin.com/tokyo-based-metaplanet-adds-almost-22-more-bitcoin-to-its-treasury/
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on […]
https://news.bitcoin.com/australian-court-convicts-bitconnect-promoter-for-providing-unlicensed-advice/
A Pew Research Center survey of 35 countries, published last week, highlights China’s significant economic influence, with perceptions varying by income level. The survey covers Argentina, Australia, Bangladesh, Belgium, Brazil, Canada, Czech Republic, Egypt, France, Germany, Ghana, Greece, Hungary, India, Indonesia, Israel, Italy, Japan, Jordan, Kenya, Malaysia, Mexico, Netherlands, Nigeria, Pakistan, Philippines, Poland, South Africa, […]
https://news.bitcoin.com/chinas-economic-influence-noted-by-majority-in-35-countries-pew-survey-shows/
The Santa Monica City Council has unanimously approved the creation of a Bitcoin Office. Proposed by Vice Mayor Lana Negrete and in partnership with The Proof of Workforce Foundation, the program aims to boost Bitcoin education, economic recovery, and tourism, operating at no cost to the city. The program followed the vice mayor’s visit to […]
https://news.bitcoin.com/santa-monica-city-council-unanimously-approves-landmark-bitcoin-initiative/
Larry Fink, the CEO of Blackrock, the world’s largest asset manager with $10.5 trillion in assets under management, has explained why he shifted from skepticism to advocacy for bitcoin, viewing the cryptocurrency as “digital gold” and a hedge against economic instability. “I believe bitcoin is legitimate,” he emphasized, adding: “I do believe there’s a real […]
https://news.bitcoin.com/blackrock-ceo-larry-fink-explains-why-everyone-should-consider-bitcoin-in-portfolios/
A recent report from Bybit and Block Scholes reveals shifting investor sentiment in the crypto derivatives market, favoring ethereum over bitcoin. This insight, derived from analysis of market trends across various trading formats, highlights an optimistic outlook for ether, especially with the impending launch of spot ether exchange-traded funds (ETFs) in the United States. Shift […]
https://news.bitcoin.com/market-trends-favor-ethereum-as-etf-launch-nears-finds-bybit-and-block-scholes-study/
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States. Bitcoin Miner Northern Data AG Reveals Capital […]
https://news.bitcoin.com/bitcoin-miner-northern-data-ag-announces-20-capital-increase-with-a-233m-investment-from-tether/