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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […]
https://news.bitcoin.com/sui-surpasses-solana-in-daily-transactions-amidst-spam-token-frenzy/
According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday. From Epic Satoshi to EPIC•EPIC•EPIC•EPIC Runes […]
https://news.bitcoin.com/epic-satoshi-spurs-launch-of-new-runes-tokens-with-88m-market-cap/
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal […]
https://news.bitcoin.com/class-action-lawsuit-claims-coinbase-operates-as-unregistered-broker/
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might […]
https://news.bitcoin.com/bitfinex-cto-dismisses-breach-claims-as-pure-fud-says-no-group-has-asked-for-ransom/
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence […]
https://news.bitcoin.com/south-africas-fic-unveils-draft-directive-for-travel-rule-implementation-crypto-industry-leader-issues-warning/
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.” Robert Kiyosaki’s […]
https://news.bitcoin.com/robert-kiyosaki-shares-crash-survival-rules-warns-crash-has-begun-it-will-be-a-bad-one/
According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has contributed $21 million to the organization. Bitcoin Development Nonprofit Opensats Receives $21M From Dorsey’s #Startsmall On May 3, Opensats disclosed receiving a $21 million contribution from Jack Dorsey’s […]
https://news.bitcoin.com/jack-dorsey-backed-initiative-donates-21m-to-bitcoin-nonprofit-opensats-to-bolster-development/
In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out for enhancing privacy and insists it must be integrated at the protocol level. […]
https://news.bitcoin.com/snowden-issues-final-warning-to-bitcoin-developers-on-privacy-enhancements/
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $63 million on Friday, equating to around 1,030 bitcoins. GBTC Sees First Inflows After 78 Days For the time being, Grayscale’s Bitcoin Trust (GBTC) appears to have halted the depletion of bitcoin following its […]
https://news.bitcoin.com/grayscales-bitcoin-trust-halts-78-day-outflow-streak-with-63m-inflow/
In the traditional financial landscape, investment opportunities in real-world assets (RWAs) have traditionally been reserved for the affluent and well-connected, with significant barriers preventing the average person from accessing lucrative investment markets. For instance, opportunities to invest in real estate have been primarily available to institutional investors or high-net-worth individuals as these investments often require […]
https://news.bitcoin.com/democratizing-investment-the-power-of-asset-tokenization-in-real-world-assets/
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill […]
https://news.bitcoin.com/buenos-aires-targets-worldcoin-with-eye-scanning-biometric-bill/
Hugewin Crypto Casino proudly announces its emergence as a groundbreaking force in the realm of cryptocurrency gaming, offering an unparalleled fusion of innovation, diversity, and excitement. With a comprehensive suite of games, a plethora of cryptocurrency options, and enticing promotions, Hugewin sets a new standard for online gaming platforms. Diversity in Cryptocurrency Options: Hugewin stands […]
https://news.bitcoin.com/hugewin-crypto-casino-redefining-cryptocurrency-gaming-with-unrivaled-diversity-and-unmatched-excitement/
Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt and the loss of trust in […]
https://news.bitcoin.com/analyst-gold-and-silver-set-to-rally-amidst-a-collapse-of-the-us-financial-system/
Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply. TON Blockchain Sees 70 Million Increase […]
https://news.bitcoin.com/usdt-stablecoin-supply-on-ton-blockchain-hits-130-million-in-2-weeks/
After reaching a low of $56,500 on April 30, bitcoin climbed to a peak of $62,109 by Friday, May 3, in response to the previous downturn. This uptick resulted in the liquidation of $26.65 million in bitcoin short positions within just four hours, and approximately 48,962 traders found their positions liquidated over the last day. […]
https://news.bitcoin.com/bitcoins-rally-to-62000-triggers-26-65-million-short-squeeze-in-4-hours/
Based on the most recent figures, Blackrock’s USD Institutional Digital Liquidity Fund, also known as BUIDL, has expanded to $381.76 million, overtaking Franklin Templeton’s onchain investment vehicle, BENJI, as the largest real-world asset (RWA) tokenized offering. Blackrock’s Digital Fund Surpasses BENJI as Leader in Tokenized Treasury Offerings Blackrock’s BUIDL has now eclipsed all other tokenized […]
https://news.bitcoin.com/blackrocks-buidl-fund-overtakes-franklin-templeton-to-become-largest-rwa-tokenized-offering/
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a […]
https://news.bitcoin.com/the-halving-effect-bitcoin-hashrate-decreases-as-miners-prepare-for-probable-difficulty-drop/
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered […]
https://news.bitcoin.com/btc-ponzi-scheme-mastermind-suffers-heart-attack-analyst-eyes-300k-btc-price-and-more-week-in-review/
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […]
https://news.bitcoin.com/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Arthur Hayes’ Bitcoin […]
https://news.bitcoin.com/former-bitmex-chief-expects-bitcoin-to-trade-within-60k-70k-range-until-august/
Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as an instrument of global economic empowerment; it is a way for individuals around […]
https://news.bitcoin.com/block-is-buying-bitcoin-every-month-for-its-balance-sheet/
According to a press release from the U.S. Department of Justice, Alexander Vinnik, a former operator of the BTC-e exchange, has admitted to a conspiracy to launder money. This admission of guilt comes over six years following his arrest in Greece on July 25, 2017. BTC-e’s Vinnik Pleads Guilty to Money Laundering The Department of […]
https://news.bitcoin.com/btc-e-operator-alexander-vinnik-pleads-guilty-to-money-laundering-charges/
From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% […]
https://news.bitcoin.com/nft-market-sees-over-30-decline-in-weekly-sales/
U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43 million. FBI Assistant Director James Smith said the actions of Idin Dalpour not only “sever the trust of clients,” […]
https://news.bitcoin.com/us-authorities-charge-man-in-connection-with-43-million-classic-ponzi-scheme/
The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known for sharing comprehensive financial information about transactions. Moonpay Users […]
https://news.bitcoin.com/paypal-partnership-allows-us-based-moonpay-users-to-buy-crypto-with-their-paypal-accounts/
Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […]
https://news.bitcoin.com/us-government-could-target-bitcoin-warns-wolf-of-all-streets-amid-crypto-attacks/
The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower house and is expected to be discussed by the Senate in the […]
https://news.bitcoin.com/argentine-lower-house-passes-cryptocurrency-legalizing-opportunity-in-reintroduced-omnibus-law/
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]
https://news.bitcoin.com/report-reveals-hundreds-of-us-banks-at-risk-of-failure-amid-high-interest-rate-environment/
Supra is a next-generation, vertically integrated blockchain ecosystem with powerful smart contracts, native Oracles, cross-chain communication, automation, and more into one unified, shared security infrastructure. Josh Tobkin is the Co-Founder and CEO of Supra. He recently joined the Bitcoin.com News Podcast to talk about the future of the crypto ecosystem and how his company fits […]
https://news.bitcoin.com/why-oracles-bridges-and-vrf-services-are-so-important-to-bitcoin-l2-dapps-supra-ceo-josh-tobkin/
Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets […]
https://news.bitcoin.com/friend-techs-friend-token-airdrop-faces-steep-decline-since-market-debut/