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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations. Coinbase’s CLO to Gensler: Please Stop […]
https://news.bitcoin.com/coinbase-legal-chief-urges-sec-chair-to-stop-misleading-the-market-about-crypto-tokens-being-securities/
The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and various other sectors—monitors the performance of the leading six meme coins. MEMECOIN primarily operates as a modified market cap-weighted index, […]
https://news.bitcoin.com/vaneck-introduces-meme-coin-tracking-with-memecoin-index/
A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702 Targets Enhanced Security and Compatibility According to the Github summary, EIP 7702 emerges as a pivotal alternative to the existing EIP-3074, addressing […]
https://news.bitcoin.com/ethereum-proposal-by-vitalik-buterin-introduces-advanced-account-abstraction-features/
Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading sessions, overshadowing the break-even and positive reports from the other spot bitcoin funds. Fidelity, Ark Invest, Invesco Report Gains While GBTC Struggles […]
https://news.bitcoin.com/mixed-fortunes-for-us-bitcoin-funds-as-gbtc-losses-offset-other-gains/
As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3% over the last seven days. Bitcoin […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-faces-growing-uncertainty-amidst-market-fluctuations/
PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top international VC fund. The agreement will see Bitscale Capital acquire equity worth $3 million, in the shape of GOMINING, […]
https://news.bitcoin.com/gomining-secures-bitscale-capital-backing-to-accelerate-its-nft-based-bitcoin-mining-operation/
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others are intentionally avoiding payment. Australian Tax Office Targets 1.2 Million Cryptocurrency Users The Australian […]
https://news.bitcoin.com/australian-tax-office-seeks-personal-transaction-details-from-1-2-million-cryptocurrency-users/
In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $6 million seed round in June 2022 to build out its usage-based revenue model for content creators. All products and services will cease to function […]
https://news.bitcoin.com/bitcoin-lightning-network-infrastructure-provider-mash-is-shutting-down-its-current-version/
Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […]
https://news.bitcoin.com/elon-musk-meets-president-milei-reccomends-to-invest-in-argentina/
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports reached $4.69 billion in Q1 2024, rising by 118% compared to the numbers registered in Q1 […]
https://news.bitcoin.com/cryptocurrency-imports-in-brazil-break-records-and-begin-to-affect-trade-balances/
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated his view that crypto is a field full of noncompliance. While noting that crypto is a small piece of the overall U.S. financial market that his agency oversees, the SEC chair emphasized that it is “an outsized piece of the scams […]
https://news.bitcoin.com/sec-chair-gary-gensler-calls-crypto-outsized-piece-of-scams-frauds-and-problems-in-our-markets/
On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […]
https://news.bitcoin.com/2-bitcoin-l2-projects-secure-investments-to-enhance-bitcoins-defi-capabilities/
PRESS RELEASE. May 7, 2024, Austin, TX – In less than four weeks, independent presidential candidate Robert F. Kennedy Jr. will take the stage in Austin, TX, at Consensus 2024, the world’s largest, longest-running, and most influential gathering that brings together all sides of the crypto and Web3 community. As an environmental lawyer, scion of […]
https://news.bitcoin.com/independent-presidential-candidate-robert-f-kennedy-jr-joins-consensus-as-a-headline-speaker/
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […]
https://news.bitcoin.com/cartier-family-member-indicted-for-using-usdt-to-launder-hundreds-of-millions-in-drug-trafficking-money/
Crypto investors can’t seem to get enough of AI and meme coins lately – and WienerAI (WAI) is delivering a double dose of both. This new project, which combines artificial intelligence with dog memes, has already raised over $1 million in its initial coin offering (ICO) and caught the attention of prominent analysts in the […]
https://news.bitcoin.com/ai-powered-meme-coin-wienerai-passes-1m-in-ico-analysts-expecting-10x-returns/
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core product,” he stressed. ‘We Need to Speed up on All […]
https://news.bitcoin.com/ecbs-joachim-nagel-urges-central-banks-to-evolve-we-need-to-work-on-our-business-model/
Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls “spurious” charges sets “a dangerous precedent for companies worldwide.” Teng stated that certain lawmakers in Nigeria demanded a significant payment in cryptocurrency to dismiss the charges against Binance. Binance CEO Laments ‘Spurious’ Charges Against Tigran […]
https://news.bitcoin.com/binance-ceo-says-nigerias-detention-of-employee-on-spurious-charges-sets-dangerous-precedent/
Grayscale has retracted its application to list its ethereum trust, known as ETHE, as detailed in a filing with the U.S. Securities and Exchange Commission. James Seyffart, a Bloomberg analyst specializing in exchange-traded funds (ETF), expressed puzzlement over Grayscale’s decision to do so. Grayscale’s Strategic Ethereum Trust Retraction Filing Raises Questions Per a filing with […]
https://news.bitcoin.com/grayscale-withdraws-ethereum-etf-proposal-amid-skepticism-over-sec-approval/
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of creditors with […]
https://news.bitcoin.com/most-ftx-creditors-to-receive-over-100-repayment-court-document-shows/
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were previously hosted at the Kearney and Granbury sites. The Halving Effect Hut […]
https://news.bitcoin.com/hut-8s-bitcoin-mining-output-drops-36-to-148-btc-in-april/
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […]
https://news.bitcoin.com/worldcoin-ceo-met-with-argentine-government-officials-amidst-ongoing-probes/
On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […]
https://news.bitcoin.com/us-sanctions-lockbit-leader-in-ransomware-crackdown/
The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by P2P cryptocurrency traders. P2P Crypto Transactions Ban The Nigerian Securities and Exchange […]
https://news.bitcoin.com/nigerian-sec-to-delist-local-currency-from-p2p-crypto-trading-platforms/
In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a six-month winding-down process starting from May 7, 2024. Effective immediately, all new signups and ad postings are disabled, and […]
https://news.bitcoin.com/p2p-xmr-exchange-localmonero-agoradesk-announces-closure-after-seven-years-of-operation/
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor Updates Digital Rupee Progress During an event hosted by the […]
https://news.bitcoin.com/india-working-on-offline-transferability-of-digital-rupee-says-central-bank-governor/
Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]
https://news.bitcoin.com/robinhood-prepares-to-fight-sec-in-court-over-crypto-ceo-reveals/
In a recent interview on Bloomberg Television, Steve Eisman of Neuberger Berman, who gained prominence from “The Big Short,” shared insights on the impending U.S. election and his investment strategies. Eisman identified three significant current themes, including cryptocurrency, about which he expressed skepticism. Steve Eisman’s Take: Trump’s Re-Election and the So-Called Crypto Conundrum Steve Eisman, […]
https://news.bitcoin.com/big-short-investor-calls-crypto-one-of-the-great-themes-of-our-time-but-hes-not-a-believer/
On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now Allows Direct Sales via Moonpay Partnership Users of the Bitpay app can now sell their crypto assets through Bitpay’s integration […]
https://news.bitcoin.com/bitpay-partners-with-moonpay-to-enhance-crypto-selling-experience-on-app/
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $217 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. US Spot Bitcoin ETFs […]
https://news.bitcoin.com/positive-market-turn-us-bitcoin-etfs-see-substantial-inflows-after-last-weeks-outflows/
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […]
https://news.bitcoin.com/polymarket-bets-reflect-low-confidence-in-ethereum-etf-approval-by-sec/