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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden administration have weakened the dollar’s global reserve status. He further noted a global shift towards dedollarization, led by nations like […]
https://news.bitcoin.com/lavrov-says-he-agrees-with-donald-trump-on-us-sanctions-weakening-dollars-status/
El Salvador’s President Nayib Bukele met with Tesla and Spacex CEO Elon Musk at the Texas Gigafactory, discussing AI, robotics, and humanity’s future. The two exchanged views on innovation, and Musk praised Bukele’s leadership. Their conversation emphasized how cutting-edge technologies could shape global progress, aligning with El Salvador’s forward-thinking stance. Bukele and Musk Discuss AI, […]
https://news.bitcoin.com/nayib-bukele-and-elon-musk-discuss-ai-robotics-and-future-of-humanity/
Regina’s Web3 gaming odyssey continues as she moves from Spellborne to Seekers of Tokane. Regina’s Quest for Epic Monster Hunts Continues in Seekers of Tokane Crushing the main quests in Spellborne has only cranked up my hunger for even more epic monster hunts! The adrenaline of taking down tough enemies has me itching to dive […]
https://news.bitcoin.com/uncovering-the-secrets-of-seekers-of-tokane-a-new-web3-jrpg-adventure/
After the fall of Samourai Wallet’s founders, a new platform emerged from a mysterious group who forked the project, naming it the Ashigaru Open Source Project. The team behind Ashigaru has shared their vision, stating, “Anyone should be able to engage in peaceful, voluntary and private commerce on the internet without tracking, surveillance or censorship.” […]
https://news.bitcoin.com/ashigaru-emerges-from-the-shadows-forking-samourai-wallet-in-privacy-push/
1.71 million BTC mined between 2009 and 2012 remains dormant, representing over $100 billion in value. This vintage Bitcoin has not been touched, raising intriguing discussions about its future potential and the mystery of its unspent rewards.
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This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just […]
https://news.bitcoin.com/1-71-million-btc-from-2009-2012-block-rewards-still-dormant-worth-over-100b/
According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later. Mining Pools Reap Rewards […]
https://news.bitcoin.com/btc-miners-increase-earnings-with-fractal-bitcoin-mining/
While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which recently obtained an operating license, believes these developments could lead to broader adoption of crypto assets in Nigeria. Quidax Wins […]
https://news.bitcoin.com/nigerian-entrepreneur-recent-regulatory-moves-signal-support-for-crypto/
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of […]
https://news.bitcoin.com/bank-of-korea-to-launch-cbdc-payment-trial-in-supermarkets/
Crypto travel booking platform Travala has integrated with Solana, allowing users to book flights and hotels using Solana-based tokens and earn SOL travel rewards. Highlighting Solana’s scalability and affordability, the platform aims to enhance the crypto travel experience and incentivize users with up to 10% of booking value back in SOL. Travala Integrates Solana for […]
https://news.bitcoin.com/travala-integrates-solana-for-booking-flights-and-hotels-offers-sol-travel-rewards/
Economist and gold advocate Peter Schiff says gold is “set to have its best year since 1979 when it rose 126%.” He highlighted that gold is up over $540 so far this year, which is its “largest dollar gain in history.” He further explained that “investors still haven’t noticed the bull market or added mining […]
https://news.bitcoin.com/peter-schiff-gold-set-for-best-year-since-1979-investors-havent-noticed-bull-market/
Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action […]
https://news.bitcoin.com/former-monero-developer-launches-new-crypto-mining-app/
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in the month, miners have already earned a hair over 62% of what they brought in during […]
https://news.bitcoin.com/the-5-month-halving-hangover-bitcoin-miners-continue-to-face-revenue-struggles/
Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis […]
https://news.bitcoin.com/qcp-capital-crypto-rally-extends-supported-by-etf-inflows/
Non-fungible tokens (NFTs) had quite the boost this week, with sales climbing by 7.33% compared to the previous one, totaling $77.13 million. The number of NFT sellers skyrocketed by 95.68%, while buyers surged 137.48%, giving the market a noticeable lift. NFT Gains: Digital Collectible Buyers Increase by 137% as Sales Hit $77.13M After several weeks […]
https://news.bitcoin.com/nft-sales-climb-7-33-mythos-blast-and-solana-lead-the-charge/
China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments in regions like Southeast Asia and Latin America. China’s Economic Shift and Its Global Implications […]
https://news.bitcoin.com/how-chinas-economic-slowdown-will-transform-global-trade-expert-insights/
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S. Attorney’s Office for […]
https://news.bitcoin.com/us-indicts-two-in-260m-bitcoin-heist-and-laundering-scheme/
The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]
https://news.bitcoin.com/brics-beats-dollar-dependence-national-currency-settlements-exceed-usd-payments/
Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S. […]
https://news.bitcoin.com/lynette-zang-hyperinflation-looms-as-us-dollars-purchasing-power-dwindles/
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win […]
https://news.bitcoin.com/texas-court-dismisses-consensys-lawsuit-against-sec-over-ethereum-investigation/
With only 44 days remaining until the U.S. election, the blockchain-powered predictions market Polymarket shows Vice President Kamala Harris slightly ahead in a wager against former President Donald Trump. As of Sunday, Sept. 22, Harris holds 52%, with Trump close on her heels at 47%. Harris Tops Trump in Polls and Prediction Markets as Countdown […]
https://news.bitcoin.com/betting-markets-and-polls-show-harris-ahead-of-trump-as-election-nears/
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele announced a […]
https://news.bitcoin.com/feds-rate-cut-could-spell-disaster-microstrategy-buys-more-bitcoin-and-more-week-in-review/
Iggy Azalea is set to shock the online gambling world with the launch of her new crypto-powered casino, Motherland, in November 2024. Powered by her Solana memecoin, MOTHER, the casino will offer a variety of games, including slots, blackjack, roulette, poker, and sports betting. The launch is part of Azalea’s broader strategy to build a […]
https://news.bitcoin.com/rapper-iggy-azalea-to-launch-crypto-powered-online-casino-motherland-in-november/
While the crypto market’s brief dip after U.S. Presidential candidate Kamala Harris’ debate “win” against Donald Trump suggested the market favours the former president, Ziad El Baba, Ramp Network’s chief product officer, says the drop’s short-lived nature indicates users are wary of both candidates. El Baba also notes the market’s quick recovery reinforces a notion […]
https://news.bitcoin.com/fintech-veteran-crypto-market-growth-not-tied-to-us-election-outcome/
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023,” the crypto intelligence firm explained. Bhutan Revealed as a Major […]
https://news.bitcoin.com/government-of-bhutan-holds-828m-in-bitcoin-arkham-data-shows/
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction […]
https://news.bitcoin.com/robert-kiyosaki-predicts-bitcoin-could-hit-500k-by-2025-1m-by-2030/
Amidst generalized complaints from users who suffered token slashes for being labeled as cheaters, Hamster Kombat has announced that it has taken a snapshot for its season 1. With this move, the project has already closed the upcoming distribution of tokens, revealing the game’s future steps after the token generation event. Hamster Kombat Closes Season […]
https://news.bitcoin.com/hamster-kombat-takes-season-1-snapshot-reveals-post-airdrop-direction/
The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million. Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market Publicly listed, physically settled bitcoin and […]
https://news.bitcoin.com/spot-bitcoin-and-ether-etfs-record-second-day-of-inflows-leading-to-gains/
The stablecoin market has seen significant growth, adding $1 billion in just six days, with four out of the top five USD-pegged tokens increasing in supply. This upward momentum reflects the expanding interest and adoption of stablecoins within the cryptocurrency ecosystem.
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In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than […]
https://news.bitcoin.com/stablecoin-market-adds-1b-in-six-days-as-major-tokens-expand/