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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, with the owner transferring block height 2,800 along with several other block rewards. Since then, […]
https://news.bitcoin.com/a-detailed-analysis-of-ancient-2009-bitcoin-wallet-spending-since-2015/
The Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel […]
https://news.bitcoin.com/supreme-court-of-indias-youtube-channel-hacked-to-promote-xrp-scam/
A woman has been sentenced to over eight years in prison after her murder-for-hire plot using bitcoin fell apart. Melody Sasser attempted to use the dark web to hire a hitman to kill an Alabama resident. She paid nearly $10,000 in cryptocurrency and tried to make the murder look like an accident. Authorities discovered incriminating […]
https://news.bitcoin.com/woman-sentenced-to-8-years-in-prison-after-failed-bitcoin-murder-for-hire-plot/
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […]
https://news.bitcoin.com/court-orders-new-york-man-to-pay-36m-for-forex-digital-asset-fraud/
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]
https://news.bitcoin.com/fatf-urges-india-to-strengthen-virtual-asset-regulation/
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […]
https://news.bitcoin.com/us-company-settles-salvadoran-coffee-purchase-with-bitcoin/
The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […]
https://news.bitcoin.com/golds-bull-rally-continues-as-interest-rates-gets-deep-cuts/
This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]
https://news.bitcoin.com/hashpower-evolution-bitmains-new-asic-packs-477677-more-power-than-the-2013-s1/
Cathedra Bitcoin Inc. has announced a non-brokered private placement to raise up to C$2.5 million (around $1.85 million) aimed at purchasing Bitcoin. This strategic move highlights the company's ongoing commitment to enhancing its cryptocurrency investment portfolio.
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The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out […]
https://news.bitcoin.com/ethereum-foundation-cashes-out-300-eth-sold-in-latest-move/
Asian crypto exchange Bingx suffered a hacking attack, leading to a suspension of withdrawals and an estimated loss of $52 million. Bingx claims the stolen amount is minimal because it primarily stores users’ assets in cold wallets, which were not targeted by the hackers. A security firm believes a North Korea-linked hacking group, Lazarus Group, […]
https://news.bitcoin.com/bingx-hit-with-52-million-hack-lazarus-group-suspected/
Microstrategy has revealed plans to acquire additional bitcoin after completing a $1.01 billion offering of convertible senior notes. This move comes as part of the company’s ongoing strategy to use proceeds from debt and equity financing to accumulate bitcoin as a treasury reserve asset. Microstrategy Completes $1.01B Private Sale Microstrategy (Nasdaq: MSTR), a publicly traded […]
https://news.bitcoin.com/microstrategy-announces-plans-to-buy-more-bitcoin-following-1-01b-private-offering/
In a world abundant with ideas, the primary challenge lies not in generating new concepts but in securing the necessary support to bring these ideas to fruition. Homnifi leads this transformation, facilitating the connection between startups, founders, and the resources required for success. Historically, only firms with substantial capital were capable of assisting new ventures. […]
https://news.bitcoin.com/homnifi-bridging-innovation-and-global-support-for-big-ideas/
Solana Mobile unveiled its next Web3 Phone, the successor to the Solana Saga, its first product. The phone, referred to previously as “Chapter 2,” is now called the Seeker, and has been confirmed to feature a 6.36” display, with 128GB of storage and 8GB of RAM, “a longer battery” and two cameras. The phone will […]
https://news.bitcoin.com/solana-mobile-unveils-seeker-its-next-web3-focused-phone/
Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The approval adds to Crypto.com’s growing list of regulatory approvals worldwide, further solidifying its global presence. Meanwhile, Amber Group’s […]
https://news.bitcoin.com/crypto-com-gets-bahrain-license-amber-group-approved-in-dubai/
Bingx said it has resumed withdrawals for “mainstream” cryptocurrencies including bitcoin, tether and ethereum among others. However, the exchange has warned of potential delays due to security reviews. The crypto exchange said it will gradually restore withdrawal services for other cryptocurrencies but has canceled pending requests. The exchange’s chief product officer expressed concern about the […]
https://news.bitcoin.com/bingx-resumes-mainstream-asset-withdrawals-24-hours-after-hack/
Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China’s crackdown on the crypto industry, which led to its loss of dominance in bitcoin mining, has resulted in the decentralization of Asia’s crypto infrastructure. He adds that the rapid development of the Asian market outside of China has further solidified the region’s position as […]
https://news.bitcoin.com/computer-scientist-chinas-crypto-crackdown-spurred-decentralization-of-asias-web3-infrastructure/
Bitwise, a crypto index fund and ETF provider, believes that ethereum has the fundamentals needed to recover from its bad price performance compared to currencies like bitcoin. Bitwise CIO Matt Hougan compared Ethereum with Microsoft, stating that while it was not as disruptive as other chains, it still had the size to overcome these difficulties. […]
https://news.bitcoin.com/microsoft-of-blockchains-bitwise-doubles-down-on-ethereums-fundamentals/
A Nigerian national has been sentenced to five years in federal prison for his role in a massive darknet fraud scheme that intended to cause over $6 million in losses, according to the U.S. Department of Justice (DOJ). Using various online aliases, Kaura led a global network selling stolen payment card data, using cryptocurrencies like […]
https://news.bitcoin.com/us-sentences-nigerian-darknet-fraud-leader-to-five-years-in-prison-for-6m-scheme/
JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […]
https://news.bitcoin.com/jpmorgan-forecasts-50bps-rate-cut-in-november-following-recent-fed-move/
The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing investors with the ability to hedge and manage risk associated with bitcoin exposure. These options will be physically […]
https://news.bitcoin.com/blackrocks-ishares-bitcoin-options-get-the-sec-green-light/
Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while bridging traditional and decentralized finance systems. Securitize Enhances Tokenized Asset Liquidity Through Wormhole Integration According to the announcement […]
https://news.bitcoin.com/securitize-selects-wormhole-as-official-blockchain-interoperability-provider/
According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling […]
https://news.bitcoin.com/etf-inflows-surge-bitcoin-rakes-in-158m-ether-funds-add-5m/
Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF) has recently shifted its focus away from bitcoin mining, opting to prioritize bitcoin […]
https://news.bitcoin.com/cathedra-bitcoin-announces-non-brokered-life-offering-to-purchase-btc/
This week’s meme coin rally continues to impress investors. Pepe (PEPE) just saw another 10% increase, showing it can still produce double-digit gains. At the same time, Pepe Unchained (PEPU) has just passed $14 million in presale. Clearly, frog-themed meme coins are a hot topic right now. PEPE’s Price Rallies – Is the Popular Frog […]
https://news.bitcoin.com/pepe-price-surges-10-in-meme-coin-rally-as-pepe-unchained-hits-14m-presale-milestone/
Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for roughly $9.9 billion at an average price of $39,266 per coin. The year-to-date bitcoin yield stands at 17.8 percent, […]
https://news.bitcoin.com/microstrategy-acquires-7420-bitcoin-firm-now-holds-252220-btc/
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy […]
https://news.bitcoin.com/bitget-reports-1600-surge-in-african-users/
Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being incredibly rare, these transactions, worth $15.8 million total, marked the first movement of 2009 BTC […]
https://news.bitcoin.com/satoshi-era-wallets-transfer-250-bitcoin-from-2009-in-first-action-since-2022/
Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]
https://news.bitcoin.com/maryland-police-warn-gmail-users-of-phishing-scam-demanding-bitcoin/
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau of Investigation (FBI) is involved, and the airport refuses […]
https://news.bitcoin.com/seattle-airport-hit-by-6m-bitcoin-ransom-demand-after-cyberattack/