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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Digital asset investment products experienced significant buying activity last week, resulting in inflows of $1.44 billion. This brings the year-to-date total to a record $17.8 billion, far exceeding the 2021 figure of $10.6 billion, according to Coinshares. Record Inflows in Digital Asset Funds Amid Price Weakness, Report Shows This week, James Butterfill, lead analyst at […]
https://news.bitcoin.com/digital-asset-funds-achieve-record-17-8b-inflows-in-2024-reports-coinshares/
Immediately following the assassination attempt on former President Donald Trump, prediction market odds on Polymarket saw Trump’s chances of winning the election rise to 68%. Days after the event, Trump’s odds have continued to rise with the chances of winning the 2024 general election up to 71%. Trump’s Polymarket Odds Reach 71% Days After Attempted […]
https://news.bitcoin.com/trumps-election-odds-continue-to-surge-post-assassination-attempt-polymarket-bets-hit-71/
QCP Capital reports that the cryptocurrency market is anticipating a Donald Trump victory in the upcoming U.S. election in November 2024. QCP drew a parallel to the attempted assassination of Ronald Reagan in 1981. QCP Capital: Unusual Bitcoin Buying Signals Market Confidence in Trump Bitcoin (BTC) peaked at an intraday high of $63,259 per coin […]
https://news.bitcoin.com/crypto-market-pricing-in-a-trump-win-says-qcp-capital/
The crypto market is back in the green, with Bitcoin soaring above $60,000 and many altcoins benefiting. Meme coins are also up widely, with one notable case being the new token Base Dawgz. A trailblazing multi-chain meme coin, $DAWGZ, has reached a new major milestone: it raised $2.5 million in its multi-chain presale event. This […]
https://news.bitcoin.com/crypto-prices-rebound-as-analysts-back-new-meme-coin-base-dawgz-for-the-next-bull-run/
The UK's Crown Prosecution Service has ordered Jack Finney to forfeit £15,000 in Monero and other assets linked to the sale of a toxic weight loss drug, marking the first instance of Monero conversion into cash. This case exemplifies the increasing enforcement actions against the use of cryptocurrencies in illegal activities.
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Bitcoin is currently priced at $62,612, with a 24-hour intraday price range of $59,302 to $63,259. The market capitalization stands at $1.23 trillion, and the 24-hour trade volume is $28.37 billion. Bitcoin The BTC/USD 1-hour chart indicates a recent uptrend starting from $59,302, peaking at $63,259. A consolidation phase followed this peak, with minor pullbacks […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-pushes-through-resistance-bullish-momentum-builds/
Former President Donald Trump, who survived an assassination attempt during a rally in Pennsylvania on July 13, is reportedly still scheduled to address the Bitcoin 2024 Conference, taking place in Nashville from July 25 to July 27. According to David Bailey, CEO of Bitcoin Magazine and cryptocurrency advisor to the Trump campaign, he spoke with […]
https://news.bitcoin.com/trump-to-address-bitcoin-2024-conference-despite-assassination-attempt/
Grass, an artificial intelligence (AI) based web crawling project that uses the Solana network, has announced the end of its closed beta version with its final epoch. Grass stated that the beta allowed it to verify that it can reach 100% of the web, with only two companies also capable of doing it, capturing and […]
https://news.bitcoin.com/solana-based-ai-project-grass-announces-final-epoch-of-closed-beta/
Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from embracing seemingly risky but innovative solutions. For Africa to truly thrive, there […]
https://news.bitcoin.com/ultra-conservatism-a-hindrance-to-africas-economic-progress-and-development/
The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges […]
https://news.bitcoin.com/philippines-charges-2-russians-in-6-2-million-xrp-theft/
Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 […]
https://news.bitcoin.com/sec-enforcement-director-calls-for-stronger-crypto-regulation-citing-rising-investor-harm/
According to onchain data, a dormant bitcoin wallet created 11 years and nine months ago on Sept. 25, 2012, has transferred 1,000 bitcoins valued at $60 million to an unknown wallet for the first time. 11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time An old BTC wallet established on Sept. 25, 2012, moved […]
https://news.bitcoin.com/dormant-2012-bitcoin-wallet-awakens-moves-a-notable-1000-btc-worth-60-million/
According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared […]
https://news.bitcoin.com/privacy-coin-monero-tops-payments-at-european-online-retailer-shopinbit-in-june/
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]
https://news.bitcoin.com/average-onchain-bitcoin-fees-drop-below-2-lowest-in-over-250-days/
According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […]
https://news.bitcoin.com/290000-eth-added-to-liquid-staking-protocols-ahead-of-spot-etf-launch/
North Korean hackers are infiltrating crypto job boards, posing as fake applicants to steal sensitive data, hack systems, and gather assets, according to a DL News investigation. More than 4,000 North Koreans have been directed to penetrate the tech industry, including crypto, by concealing their identities. This scheme reportedly generates up to $600 million annually […]
https://news.bitcoin.com/report-uncovers-north-korean-hackers-crypto-job-board-infiltration/
PRESS RELEASE. A radical challenge in crypto payments is constant security problems, such as phishing scams and poor user experience. In this decade, users should never have to worry about those dangers, which makes Bitvium’s market offering distinctive. Bitvium is a trailblazing fintech company that provides seamless, secure, and efficient payment solutions. One of its […]
https://news.bitcoin.com/transforming-crypto-payments-bitvium-brings-light-to-next-gen-fintech-solutions/
Over the past week, bitcoin and ethereum each gained 10% against the U.S. dollar. Several other crypto assets saw double-digit increases, with the meme token mog coin (MOG) leading the pack with a 54.9% rise. The week’s largest decliner was render token (RNDR), which fell by 7.19%. Top Crypto Performers of the Week Seven-day metrics […]
https://news.bitcoin.com/this-weeks-top-crypto-market-performers-mog-coin-leads-with-54-9-gain/
Current market data indicates that bitcoin has increased by 48% against the U.S. dollar since Jan. 1, 2024. This implies that on that date, one tether (USDT) was exchanged for 0.00002368 BTC, whereas today, it’s valued at just 0.00001596 BTC. Concurrently, in addition to bitcoin’s rise against the dollar, its competitors like ETH, SOL, and […]
https://news.bitcoin.com/bitcoin-vs-todays-top-crypto-assets-market-performance-in-2024/
As of July 15, 2024, ethereum (ETH) maintains its bullish trajectory, showing promising signs across various technical indicators. With its current price at $3,341 and a market capitalization of $401 billion, ether has demonstrated strong performance over recent trading sessions. Ethereum The 1-hour chart illustrates ethereum’s short-term uptrend, moving from a low of $3,171 to […]
https://news.bitcoin.com/ethereum-technical-analysis-eths-bullish-momentum-continues-amid-uptrend/
A Queens woman, Yue Zhou, has been indicted on charges of murder for hire, following an investigation led by Homeland Security Investigations (HSI) New York. Zhou allegedly used a dark web site to solicit a hitman, offering cryptocurrency, cash, and sexual favors. Murder for Hire via Dark Web The Homeland Security Investigations (HSI), a premier […]
https://news.bitcoin.com/queens-woman-indicted-for-hiring-hitman-with-cryptocurrency-on-dark-web/
Guernsey Post, the postal service for the island of Guernsey in the Channel Islands, is set to become the first postal operator in the British Isles to introduce crypto stamps, merging traditional stamp collecting with digital non-fungible tokens (NFTs). Launching later this month, these limited-edition, non-postage crypto stamps will feature the Golden Guernsey Goats, Billy […]
https://news.bitcoin.com/guernsey-post-to-launch-limited-edition-crypto-stamps/
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 examine the course of action that Nayib Bukele has taken regarding price gouging and speculation practices in El Salvador, and how he has compared himself to Hugo Chavez and even talked about […]
https://news.bitcoin.com/latam-insights-encore-chavez-marx-and-bukeles-anti-free-market-practices-to-curb-speculation-in-el-salvador/
Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown Prosecutor in the Crown Prosecution Service. British Man […]
https://news.bitcoin.com/uks-crown-prosecution-service-announces-first-case-involving-monero-conversion/
The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov, head of the State Duma Financial Market Committee, believes Russia’s largest exchanges are prepared to handle cryptocurrency transactions. He emphasized that once legal conditions […]
https://news.bitcoin.com/russia-considers-allowing-digital-currency-trading-on-the-countrys-largest-exchanges/
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the […]
https://news.bitcoin.com/us-treasury-very-attentive-to-russias-use-of-cryptocurrency-yellen-says/
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles […]
https://news.bitcoin.com/russian-senate-leader-predicts-use-of-cbdcs-in-brics-payment-system/
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 starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, […]
https://news.bitcoin.com/latam-insights-bukele-goes-chavez-mode-against-high-prices-paraguay-strengthens-power-theft-penalties-for-crypto-mining/
A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted […]
https://news.bitcoin.com/usual-money-launches-usual-usd-on-public-mainnet-tvl-reaches-90m/
TRON founder Justin Sun has publicly endorsed former U.S. President and current presidential candidate Donald Trump in the upcoming election, citing his potential to provide a more favorable environment for the cryptocurrency industry. In a social media post, Sun expressed his hope for the President’s speedy recovery and praised Trump as a better choice for […]
https://news.bitcoin.com/justin-sun-endorses-donald-trump-after-assassination-attempt-citing-crypto-industry-benefits/