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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Okx and the English football club Manchester City have partnered to launch commemorative football shirts that can be minted as non-fungible tokens (NFTs). Fans of Manchester City, the reigning English football champions, will be able to mint the “Unseen City Shirts” digital collectible from April 22-25. Authentic Fan Engagement The cryptocurrency exchange Okx and the […]
https://news.bitcoin.com/crypto-exchange-okx-partners-with-manchester-city-to-launch-football-shirts-mintable-as-digital-collectibles/
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes Rules Banning Cryptocurrency Payments for Gambling Brazil has legalized the use […]
https://news.bitcoin.com/latam-insights-brazil-bans-crypto-for-gambling-worldcoin-battles-buenos-aires/
Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration also introduced the gold-pegged Tether Gold (XAUT) stablecoin on TON, with cross-border payments touted as free, […]
https://news.bitcoin.com/tether-expands-to-ton-blockchain-with-60m-usdt-launch/
Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among USDT users on TON to incentivize its adoption in the ecosystem. Tether […]
https://news.bitcoin.com/tether-integrates-usdt-on-ton-network-targets-900-million-telegram-users/
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers […]
https://news.bitcoin.com/historic-yield-curve-inversion-reaches-656-days-echoing-pre-stock-market-crash-patterns/
Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks, including a new scheduler that will be disabled by […]
https://news.bitcoin.com/solana-developers-deploy-fixes-to-mainnet-to-address-network-congestion/
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to before the halving event […]
https://news.bitcoin.com/bitcoin-miner-rewards-shrink-below-pre-halving-levels-as-network-fees-fall-sharply/
While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values. […]
https://news.bitcoin.com/the-runes-economy-navigating-the-booming-market-of-bitcoin-derived-tokens/
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
https://news.bitcoin.com/nigerian-blockchain-based-payment-startup-ivorypay-partners-with-stablecoin-issuer-tether/
JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors […]
https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-bitcoin-is-a-fraud-theres-no-hope-for-btc-as-a-currency/
JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […]
https://news.bitcoin.com/deutsche-bank-expects-bitcoin-price-to-stay-high-after-halving-jpmorgan-disagrees/
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis per virtual byte (sat/vB), equivalent to $44.83 per transfer. Bitcoin Mining Landscape Transforms With […]
https://news.bitcoin.com/93-blocks-71-million-in-fees-bitcoin-mining-revenue-booms-post-halving/
In the ever-evolving landscape of cryptocurrencies and financial markets, few events generate as much anticipation and excitement as the Bitcoin halving. As this phenomenon approaches, there’s a palpable buzz in the air, with enthusiasts and investors alike speculating about its potential impact on the market. This time around, however, a new player has emerged on […]
https://news.bitcoin.com/bitcoin-halving-sparks-next-bull-run-cogwise-leads-the-charge-in-financial-prediction/
In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their […]
https://news.bitcoin.com/runes-proliferate-on-bitcoin-sparking-new-token-sales-on-specific-markets/
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s credibility. Maintaining Nigeria’s Credibility Yemi Cardoso, governor of the Central […]
https://news.bitcoin.com/nigerian-central-bank-governor-denies-using-forex-reserves-to-defend-local-currency/
Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in […]
https://news.bitcoin.com/ftx-estate-plans-auction-for-locked-solana-tokens/
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations for rapid wealth and assured returns. Violators of Angola’s […]
https://news.bitcoin.com/chinese-embassy-advises-citizens-in-angola-to-avoid-crypto-mining/
Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers of the necklace will also receive a limited-edition digital collectible minted on […]
https://news.bitcoin.com/melania-trump-unveils-personalized-mothers-day-jewelry-plus-solana-nft/
The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […]
https://news.bitcoin.com/bitcoin-futures-demand-blows-up-in-brazil-7400-contracts-traded-on-launch-day/
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […]
https://news.bitcoin.com/russia-warns-us-of-further-aggravation-after-funding-bill-passes-amid-heightened-geopolitical-strife/
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]
https://news.bitcoin.com/nft-sales-dip-by-over-25-as-bitcoin-dominates-a-cooling-market/
In the past 24 hours, the meme coin crypto economy has risen by 9.6% against the U.S. dollar. The Solana-based meme token BONK emerged as the day’s top performer, climbing 41.8%, while FLOKI saw an 18.7% increase. Top Meme Coins Register Impressive Gains As of April 21, 2024, the meme coin sector is experiencing significant […]
https://news.bitcoin.com/meme-coins-outperform-broader-crypto-market-with-notable-gains/
Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $4,500 drop and erasing $167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price to $650,000. Robert Kiyosaki, author of “Rich Dad Poor Dad,” […]
https://news.bitcoin.com/massive-btc-market-turbulence-analyst-predicts-650k-btc-price-and-more-week-in-review/
In a significant turn of events, former FTX CEO Sam Bankman-Fried has agreed to a settlement with investors, providing crucial cooperation in ongoing lawsuits against high-profile celebrities. The settlement, pending court approval, could mark a pivotal moment in the extensive legal battles following the crypto exchange’s colossal collapse. Former Crypto Tycoon and Now Convicted Inmate […]
https://news.bitcoin.com/ftx-founder-bankman-fried-agrees-to-settlement-aids-legal-action-against-celebrities/
The U.S. Internal Revenue Service (IRS) has released a draft tax Form 1099-DA for reporting digital asset proceeds from broker transactions. Brokers, including unhosted wallet providers, are required to report proceeds from digital asset dispositions to the IRS. A crypto tax expert has highlighted that the collection of certain data points, such as wallet addresses, […]
https://news.bitcoin.com/irs-releases-draft-tax-form-for-digital-assets-expert-raises-major-privacy-and-security-concerns/
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which could have significant implications for software developers and the broader tech community. Lummis-Gillibrand Stablecoin Bill Criticized […]
https://news.bitcoin.com/new-stablecoin-bill-faces-criticism-for-stifling-innovation-and-breaching-first-amendment/
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals in the crypto space, as this […]
https://news.bitcoin.com/bitcoin-halving-runes-proliferation-results-in-historic-fee-increases-crypto-community-reacts/
Bitcoin’s market value has experienced significant shifts following the recent halving event at block height 840,000, which saw onchain fees soar beyond $240 per transaction. This pivotal change coincides with a notable fluctuation in price, demonstrating a complex interplay of supply and demand forces at work. Currently, bitcoin is trading at $64,488, down 4.5% this […]
https://news.bitcoin.com/bitcoin-market-update-post-halving-price-dynamics-and-market-movements/
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. […]
https://news.bitcoin.com/bitcoin-miners-smash-previous-revenue-records-post-halving-over-54m-collected-in-60-blocks/
The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version will not only be government-backed but will also be denominated in the local currency. Universal Access […]
https://news.bitcoin.com/reserve-bank-of-new-zealand-releases-digital-currency-consultation-paper/