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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting the U.S. government for these actions. Analyst Alleges […]
https://news.bitcoin.com/analyst-claims-saudi-arabia-has-covertly-bought-160-tonnes-of-gold-since-2022/
This week in crypto, Baby Doge Coin surged by an impressive 102%, while Nervos Network also saw a significant increase of 88.99%. However, Rocket Pool faced challenges and tumbled in the market, highlighting the volatility of digital assets.
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Over the last seven days, bitcoin (BTC) has seen a 3.6% increase, while ethereum (ETH) slipped by 1.9%. During this period, several other digital assets experienced both stronger and weaker performances compared to these two giants. The meme token baby doge coin (BABYDOGE) leaped by 102%, and nervos network (CKB) saw a rise of 88.99%. […]
https://news.bitcoin.com/this-weeks-crypto-highlights-baby-doge-coin-jumps-rocket-pool-tumbles/
Chiru Labs, the creator of the Azuki non-fungible token (NFT) collection, has acquired the domain Anime.com as part of its strategy to deepen its involvement in the anime world. This move is seen as an effort to expand their digital footprint and integrate more closely with the anime community. The acquisition of Anime.com is expected […]
https://news.bitcoin.com/azuki-nft-creator-chiru-labs-buys-anime-com-to-expand-digital-footprint/
The latest flows report from Coinshares, led by its top market analyst James Butterfill, uncovers a strong recovery in digital asset investments, hitting a total of $436 million. The report emphasizes bitcoin as the frontrunner, while ethereum is still facing challenges with continued outflows. While Bitcoin Bounces Back, Ethereum Deals With Outflows Coinshares’ analysis highlights […]
https://news.bitcoin.com/ethereums-battle-continues-coinshares-reports-outflows-persist-as-market-recovers/
PRESS RELEASE. LAS VEGAS, September 16, 2024 – D3 Global, a next-generation internet infrastructure company developing the first authoritative domain network, today announced an exclusive partnership with Own The Doge, the community that collectively owns the Doge NFT, to apply for and obtain the .doge Top-Level Domain (TLD). This partnership will enable the Doge community […]
https://news.bitcoin.com/own-the-doge-partners-with-d3-to-apply-for-the-doge-top-level-domain/
As of Sept. 16, 2024, bitcoin traded at $58,578, within a 24-hour range of $58,231 to $60,366. The leading crypto asset saw a daily trade volume of $26.95 billion, with a market cap of $1.15 trillion. Despite this high liquidity, bitcoin is struggling to break key resistance levels, as technical indicators show mixed momentum. Bitcoin […]
https://news.bitcoin.com/bitcoin-technical-analysis-mixed-signals-keep-btc-below-60k-short-term-rebound-possible/
De Labs has announced the launch of their new crypto token, $DEGODS, aimed at unifying digital assets within the Dust Labs non-fungible token (NFT) ecosystem. The $DEGODS token, powered by the Solana blockchain, is available for conversion to investors holding $dust, Degods, and y00ts NFTs. While the Degods NFTs will not be replaced, they will […]
https://news.bitcoin.com/degods-nft-creator-de-labs-launches-memecoin-to-transform-non-fungible-tokens/
Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […]
https://news.bitcoin.com/argentine-exchange-ripio-announces-defi-credit-card/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […]
https://news.bitcoin.com/latam-insights-brazilian-federal-police-cracks-down-on-9-7-billion-crypto-money-laundering-rings-brazil-uses-ai-to-detect-crypto-tax-fraud/
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering results. The FBI advises the public to be cautious, avoid upfront payments, and verify any claims of […]
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
https://news.bitcoin.com/jpmorgan-ceo-warns-of-recession-threat-higher-inflation-stagflation/
While decentralized finance (defi) continues to innovate, it still lacks a critical component that has long been foundational in traditional finance: fixed-income products. I sat down for a great conversation with Jerry Li, co-founder and CEO of Term Structure, who introduced me to the idea of fixed-income products in crypto. Why Fixed-Income Could Be the […]
https://news.bitcoin.com/building-a-yield-curve-for-defi/
In her second play session of her new series, Regina continues playing Spellborne. She tackles the remaining main quests from Spellborne’s Season 1. Regina Takes on Season 1’s Remaining Main Quests: Epic Battles and Mystical Discoveries Last time’s quick recap We kicked off our first live stream of Spellborne, diving into an immersive MMORPG that […]
https://news.bitcoin.com/spellborne-unveiling-more-quests-as-the-hunt-continues/
PRESS RELEASE. Rexas Finance (RXS), a pioneer in real-world asset (RWA) tokenization, has just announced the date for its highly anticipated presale, set to begin on September 8th, 2024. With its groundbreaking platform that merges blockchain technology, smart contracts, artificial intelligence (AI), and decentralized finance (DeFi), Rexas Finance is revolutionizing the way assets are managed, […]
https://news.bitcoin.com/rwa-tokenization-leader-rexas-finance-rxs-announces-presale-date/
As the U.S. central bank members prepare for their meeting on Wednesday, just a day ago, the likelihood of a 25-basis point (bps) rate cut versus a 50bps cut was evenly split at 50-50. Fast forward to today, and the odds are now tipping in favor of a larger 50bps reduction. Predictions from betting market […]
https://news.bitcoin.com/cme-futures-and-polymarket-predict-jumbo-50bps-rate-cut-will-the-fed-deliver/
PRESS RELEASE. Singapore – September 16 — The Open Art, hosted by Blum, TONX, and TON Society and co-hosted by CoinGecko, All At Once, TonBit, and Google Cloud during Token2049 Singapore, is set to be an evening where innovation meets freedom of expression. With over 7000+ registered attendees, the event will take place on September […]
https://news.bitcoin.com/the-open-art-at-token2049-an-evening-of-innovation-and-expression-with-blum-tonx-and-ton-society-over-7000-registered-attendees/
Every once in a while, we like to shake things up by running a playful experiment with a variety of artificial intelligence (AI) chatbots to forecast the future prices of bitcoin, ethereum, gold, and even the 2024 election outcomes. Three months back, we put eight different chatbots to the test, asking them to predict where […]
https://news.bitcoin.com/11-ai-chatbots-take-on-gold-and-silver-price-predictions-for-2024/
A new crypto project called Crypto All-Stars ($STARS) is taking the meme coin sector by storm with its fresh approach to staking. The project offers the first meme coin-focused unified staking platform where investors can stake leading meme coins and earn a serious return. This utility has helped catapult Crypto All-Stars into the spotlight. The […]
https://news.bitcoin.com/is-this-the-next-crypto-to-explode-crypto-all-stars-presale-success-continues/
According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the attack by taking control of a wallet that is the admin of Delta Prime […]
https://news.bitcoin.com/defi-platform-delta-prime-loses-4-9-million-in-hack/
Ethereum is currently priced at $2,300 as of Sept. 16, 2024, fluctuating between $2,261 and $2,416 over the past day. With a market cap of $277 billion and a trading volume hitting $15.46 billion in the last 24 hours, ether is giving traders a mix of signals. Technical charts present a predominantly bearish outlook, but […]
https://news.bitcoin.com/ethereum-technical-analysis-eth-struggles-below-resistance/
PRESS RELEASE. AEON, the next-generation modular payment protocol, is excited to announce the highly anticipated GameOn TON Global Gaming Hackathon, in partnership with The Open Network (TON) Foundation, Nomad Capital and TOP. The event’s opening ceremony, taking place in Singapore on September 19th, will spotlight a distinguished lineup of industry leaders and experts, delivering opening […]
https://news.bitcoin.com/aeon-and-ton-host-gameon-ton-global-gaming-hackathon-opening-ceremony-in-singapore-featuring-esteemed-industry-leaders-and-speakers/
PRESS RELEASE. Geneva, Switzerland – September 16, 2024 – TRON DAO took center stage as a Title Sponsor at Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered a compelling keynote on the fast-growing meme coin ecosystem within the TRON […]
https://news.bitcoin.com/tron-dao-featured-as-title-sponsor-at-kbw-showcases-growing-meme-coin-ecosystem/
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […]
https://news.bitcoin.com/bank-of-russia-to-launch-digital-ruble-payment-infrastructure-by-july-2025/
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, […]
https://news.bitcoin.com/former-commerce-secretary-warns-us-headed-for-recession/
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]
https://news.bitcoin.com/sec-regrets-confusion-over-crypto-asset-securities-ripple-and-coinbase-weigh-in/
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes USDT as Legal Property The High Court of Justice, Business […]
https://news.bitcoin.com/uk-court-recognizes-usdt-as-distinct-form-of-property/
Polkadot’s relaunched Ambassador program lets the community elect its representatives. In this interview, we speak with William, one of the newly elected Head Ambassadors focused on driving enterprise adoption, who shares his insights and vision for the ecosystem’s growth. Meet William, A Polkadot Head Ambassador Driving Enterprise Adoption Polkadot’s new ambassador program has decentralized, letting […]
https://news.bitcoin.com/polkadot-decentralizes-ambassador-program/
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the […]
https://news.bitcoin.com/bitcoins-role-in-defi-evolves-cmc-research-and-footprint-analytics-report/
Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverage and the absence of experts addressing this subject as “bullish.” Economist Peter Schiff Blasts Economic News Sites […]
https://news.bitcoin.com/economist-peter-schiff-criticizes-lackluster-media-coverage-of-golds-bull-market/