Bitcoin News / Bitcoin.com - 9 months ago
Given the volatility of the crypto market, the opportunity for cryptocurrencies to skyrocket in value comes with an equally significant risk of them plummeting. This reality forces investors and users to identify tokens that are less likely to lose t...
Bitcoin News / Bitcoin.com - 9 months ago
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to...
Bitcoin News / Bitcoin.com - 9 months ago
According to recent Polymarket data, former President Donald Trump is ahead of Vice President Kamala Harris by seven percentage points as of Sept. 5, 2024. Polymarket’s betting on six key swing states shows Trump leading in four, including Arizona, G...
Bitcoin News / Bitcoin.com - 9 months ago
The meme coin craze might not be over. Pepe Unchained (PEPU) has surged past the $12 million mark in its presale as investors pile in for discounted PEPU tokens. And with the project beginning to attract the attention of crypto whales, many believe P...
Bitcoin News / Bitcoin.com - 9 months ago
On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Le...
Bitcoin News / Bitcoin.com - 9 months ago
Mark Karpeles, the former CEO of the infamous Mt. Gox exchange, is set to launch a new cryptocurrency exchange named Ellipx later this month. Based in Poland, Ellipx aims to prioritize transparency and compliance with the European Union’s Markets in...
Bitcoin News / Bitcoin.com - 9 months ago
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California̵...
Bitcoin News / Bitcoin.com - 9 months ago
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitutio...
Bitcoin News / Bitcoin.com - 9 months ago
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s...
Bitcoin News / Bitcoin.com - 9 months ago
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the...
Bitcoin News / Bitcoin.com - 9 months ago
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster c...
Bitcoin News / Bitcoin.com - 9 months ago
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated par...
Bitcoin News / Bitcoin.com - 9 months ago
Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to...
Bitcoin News / Bitcoin.com - 9 months ago
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need fo...
Bitcoin News / Bitcoin.com - 9 months ago
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some law...
Bitcoin News / Bitcoin.com - 9 months ago
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compl...
Bitcoin News / Bitcoin.com - 9 months ago
The FBI has issued a new warning about North Korea’s cyber campaigns targeting the cryptocurrency sector. The agency highlighted the use of sophisticated, hard-to-detect social engineering tactics to deploy malware and steal digital assets. Nor...
Bitcoin News / Bitcoin.com - 9 months ago
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack o...
Bitcoin News / Bitcoin.com - 9 months ago
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the...
Bitcoin News / Bitcoin.com - 9 months ago
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact...
Bitcoin News / Bitcoin.com - 9 months ago
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosu...
Bitcoin News / Bitcoin.com - 9 months ago
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money lau...
Bitcoin News / Bitcoin.com - 9 months ago
Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer...
Bitcoin News / Bitcoin.com - 9 months ago
Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these ne...
Bitcoin News / Bitcoin.com - 9 months ago
Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin M...
