Category : Bitcoin.com

Bitcoin.com

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies identif...

Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip

Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pull...

Satoshi Protocol Secures $2 Million Seed Funding to Build Universal Stablecoin for Bitcoin

PRESS RELEASE. Satoshi Protocol, a pioneering project building a “universal” stablecoin designed specifically for the Bitcoin ecosystem, successfully closed a $2 million seed funding round in May 2024. Led by CMS Holdings and Ro...

Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low

Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the la...

Fed Chair Powell Reveals No Contact With Biden in 2 Years Amid Economic Challenges

Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for o...

Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighti...

Polymarket Odds of Biden Dropping Out Spike to 61% After Pelosi Urges 2024 Decision

On Wednesday, former U.S. House Speaker Nancy Pelosi urged President Joe Biden to decide soon on whether to run, stating that “time is running short.” Following this, Polymarket bets surged to 61% in the afternoon, reflecting the odds of...

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC...

Grayscale Sets Record Date for Ethereum Mini Trust Distribution

Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum Trust...

New Layer 2 Meme Coin Pepe Unchained Crosses $3M in ICO – Will PEPU Explode?

Pepe Unchained (PEPU) is drawing attention with its recent ICO success. This frog-themed meme coin project has passed the $3 million mark in less than one month. As investors pile in, many wonder: Will PEPU explode once it hits exchanges later this y...

German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to...

Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows

The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions. Fidelity...

Study: Gen Z Prefers Digital Assets in Uncertain Times; Gold Remains Popular

While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey al...

Bitcoin.com Relaunches Discord Community Channel With Exciting Prizes

Bitcoin.com is relaunching its Discord community channel. To celebrate, Bitcoin.com is hosting weekly contests with various prizes. Join the community to participate in quizzes, discussions, and more for a chance to win. Join the Community and Win $1...

Up Network Unveils ‘Up Mobile’: A Web3 Smartphone Built on Facebook’s Move

Up Network has unveiled ‘Up Mobile,’ a smartphone that integrates artificial intelligence and blockchain technology. The device is built on Facebook’s Move programming language and aims to enhance user security and privacy. The blockchain technology...

Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm

Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be complete...

Soccer Stars Lionel Messi and Ronaldinho Promote Water Meme Coin

Lionel Messi, the Argentine soccer player who has won the Ballon d’Or eight times, and Ronaldinho, the former Brazilian soccer star, have promoted WATER, a Solana-based meme coin, to their almost 600 million followers on Instagram. The project,...

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners fo...

Singapore Exchange CEO Discusses Future of Crypto Listings

Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means...

Telegram CEO Pavel Durov Predicts Hamster Kombat Will Attract Millions to Blockchain

Pavel Durov, CEO of Telegram, one of the most popular messaging applications, has remarked on the relevance that Hamster Kombat, a tap-to-earn game where players role-play as a hamster who is the CEO of a crypto exchange, will have in bringing blockc...

Asset Manager Digitalx Set to Launch Second Bitcoin ETF on Australia’s Main Stock Market

On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by A...

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