Category : Bitcoin.com

Bitcoin.com

Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations

The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to inves...

Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024

Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetric...

Aave DAO Launches GHO Stablecoin on Arbitrum Network

Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum Accordi...

Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning

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 opportunity for cryptocurrency in Bolivia after the central bank unbanned it from i...

Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment

Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitco...

Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services

Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins co...

Meme Coin Price Analysis for July: Pepe, Brett, PlayDoge

The crypto market is heating up in July – and meme coins are leading the way. Let’s examine the prospects of Pepe, Brett, and PlayDoge, three joke tokens that might be set for big things this month. July Could Be Make or Break Month for PEPE First up...

LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released

According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released fr...

Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June

Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681...

Horizon Protocol Launches Perpetual Futures, Delivering an Unparalleled Trading Experience

PRESS RELEASE. Horizon Protocol’s Futures is a decentralized perpetual futures exchange that sets itself apart from other decentralized exchanges (DEX) by offering low fees, deep liquidity, and zero slippage with lightning speed. The exceptional trad...

US Spot Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads

U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs On...

Russia’s Cryptocurrency Mining Bill Faces Delays

The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryp...

Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation

Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an...

BIS Report Warns of Rising Public Debt Risks to Global Economies

The Bank for International Settlements (BIS) Annual Economic Report 2024, published on June 30, highlights the significant risks posed by rising public debt levels across both advanced and emerging market economies. The report stresses that without f...

Crypto Exchange Bingx Now English Football Club Chelsea’s Training Wear Partner

Chelsea Football Club and their principal partner, Bingx, say they have taken their partnership to the next level. Bingx, a leading cryptocurrency exchange, has transitioned from being a sleeve partner to becoming the official training wear partner f...

Latam Insights: Argentina Reaches Zero Inflation, Central Bank of Bolivia Unbans Bitcoin

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans bitcoin, a...

Digital Chamber Urges SEC to End Attacks on Crypto Industry, Embrace Future of Finance

The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrim...

Circle’s Stablecoins Now MiCA Compliant

Circle has announced that its stablecoins, USDC and EURC, are now compliant with the EU’s Markets in Crypto Assets (MiCA) regulation. This compliance allows Circle to natively issue these stablecoins to European customers. The company is also authori...

Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman

Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as...

Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’

Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons from his past crypto inves...

Digital Assets See Outflows for 3rd Consecutive Week

Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million an...

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