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Showing posts from August, 2024

Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam #Bitcoin https://ift.tt/LuP1tkG

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A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these are used as a hedge against inflation and devaluation. Bitso: […] from Bitcoin News https://ift.tt/w5QMAun via IFTTT

PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses #Bitcoin https://ift.tt/LuP1tkG

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On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the […] from Bitcoin News https://ift.tt/OPsro2Y via IFTTT

Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report #Bitcoin https://ift.tt/LuP1tkG

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A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […] from Bitcoin News https://ift.tt/mPKpQnL via IFTTT

800 ETH Transferred: Vitalik Buterin’s Latest Wallet Activity Draws Attention #Bitcoin https://ift.tt/LuP1tkG

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Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social Media Interest On Aug. 30, 2024, the X account Lookonchain shared […] from Bitcoin News https://ift.tt/zGisd3e via IFTTT

Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase #Bitcoin https://ift.tt/vdPbhJ4

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This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested […] from Bitcoin News https://ift.tt/K1Lm5qe via IFTTT

Hamster Kombat Finally Announces Airdrop Event Date After Several Delays #Bitcoin https://ift.tt/vdPbhJ4

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Hamster Kombat, the TON-based tap-to-earn game, has announced the date for its token generation event (TGE) and the subsequent airdrop. The team revealed that the expected event will occur on September 26th, despite reports of the project facing legal actions in Russia from alleged early investors. Hamster Kombat Reaches Milestone, Reveals Airdrop Date Hamster Kombat, […] from Bitcoin News https://ift.tt/bhdCQD3 via IFTTT

Save WBTC: Threshold Network Proposes Sweeping Changes to Wrapped Bitcoin Custody #Bitcoin https://ift.tt/vdPbhJ4

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Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over the current custody arrangements for WBTC. Threshold Network Proposes Decentralized Custody Model for WBTC […] from Bitcoin News https://ift.tt/s0zRn6M via IFTTT

Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024 #Bitcoin https://ift.tt/vdPbhJ4

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Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for […] from Bitcoin News https://ift.tt/IyXOUqo via IFTTT

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities #Bitcoin https://ift.tt/X91wYgh

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The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing […] from Bitcoin News https://ift.tt/yTCYqcR via IFTTT

France Charges Telegram’s Pavel Durov, Sets Bail at €5 Million #Bitcoin https://ift.tt/X91wYgh

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Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram CEO Durov After Durov was taken into custody last […] from Bitcoin News https://ift.tt/gSKbcAz via IFTTT

Binance CEO Calls Nigeria’s Detention of Tigran Gambaryan Unjust #Bitcoin https://ift.tt/X91wYgh

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Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has deteriorated significantly while in detention. The CEO criticized the Nigerian government’s justification for detaining Tigran as baseless. He also […] from Bitcoin News https://ift.tt/90hDg4l via IFTTT

Crypto.com Adds Paypal as Payment Option in US for Crypto Purchases #Bitcoin https://ift.tt/X91wYgh

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Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president. Crypto.com Integrates Paypal for Crypto Purchases Cryptocurrency trading platform Crypto.com announced on Wednesday […] from Bitcoin News https://ift.tt/SOFpue8 via IFTTT

Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security #Bitcoin https://ift.tt/ObIjoTq

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Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain […] from Bitcoin News https://ift.tt/pMvmHZ3 via IFTTT

Crypto Betting Pioneer Cloudbet Gets a Makeover, Promises “Big Moves” #Bitcoin https://ift.tt/ObIjoTq

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PRESS RELEASE. [Cloudbet] has unveiled a comprehensive site redesign along with a new all-cash rewards program, the latest in a series of major strategic moves to capture a bigger slice of the fast-growing crypto gaming market. The pioneering crypto casino and sportsbook revealed the new bold brand identity on August 13th. A new logo, color […] from Bitcoin News https://ift.tt/jMPAKYS via IFTTT

Arkham Intelligence Partners With Coingecko for Enhanced Trading Analytics #Bitcoin https://ift.tt/ObIjoTq

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Arkham Intelligence has announced an expanded partnership with Coingecko and Gecko Terminal, integrating their market data into Arkham’s platform. This collaboration aims to enhance the crypto analytics experience by combining Coingecko’s token pricing data with Arkham’s onchain data. Arkham said the partnership will allow Arkham to incorporate pricing data and charts from Gecko Terminal, broadening […] from Bitcoin News https://ift.tt/KCb63ym via IFTTT

Trending Meme Coin Base Dawgz Tipped as Next Brett Raises $3 Million in Token Presale That Ends in 2 Days #Bitcoin https://ift.tt/jwgKq1N

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Investors are taking notice as Base Dawgz (DAWGZ), a new meme coin on the Base chain, approaches the end of its presale. With only two days left, investors are rushing to take part – with many comparing DAWGZ to the ultra-successful Brett (BRETT) token. The Final Countdown – DAWGZ Presale Nears Its End The Base […] from Bitcoin News https://ift.tt/jNFJkHR via IFTTT

Edward Snowden: Pavel Durov’s Arrest Is an Assault on Basic Human Rights #Bitcoin https://ift.tt/jwgKq1N

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Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an “assault on the basic human rights of speech and association.” Snowden called for people to “wake up,” highlighting the attack that world governments have mounted […] from Bitcoin News https://ift.tt/EpY6PBD via IFTTT

Ethereum Foundation Defends $96.9M Transfer Amidst Criticism #Bitcoin https://ift.tt/vzy1ujQ

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On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was […] from Bitcoin News https://ift.tt/BH21JcD via IFTTT

Ethereum and Blockchain to Be Included in High School Curricula in Argentina #Bitcoin https://ift.tt/vzy1ujQ

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ETH Kipu Foundation, an organization focused on supporting and developing the Ethereum ecosystem in Latam, has partnered with the Ministry of Education of the City of Buenos Aires in Argentina to include Ethereum and blockchain as part of high school curricula. Additionally, these two institutions are working to develop an online Solidity course to train […] from Bitcoin News https://ift.tt/YjyZuRI via IFTTT

Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project  #Bitcoin https://ift.tt/vzy1ujQ

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Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […] from Bitcoin News https://ift.tt/9K7AdV5 via IFTTT

Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days #Bitcoin https://ift.tt/vzy1ujQ

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Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% […] from Bitcoin News https://ift.tt/FNtCvzE via IFTTT

Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan #Bitcoin https://ift.tt/09TWPNI

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Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collaboration as a chance to connect with their respective communities and explore opportunities at the intersection of football and cryptocurrency. Sleeve Sponsorship Enhances […] from Bitcoin News https://ift.tt/9MD2PVU via IFTTT

Academic Paper Questions Federal Reserve Independence and Exposes Political Ties #Bitcoin https://ift.tt/09TWPNI

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Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship between fiscal and monetary policies, arguing that the Federal Reserve operates more as a political tool than an independent entity. […] from Bitcoin News https://ift.tt/qdfjO8J via IFTTT

AWS CEO Predicts AI to Transform Software Developer Roles #Bitcoin https://ift.tt/09TWPNI

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In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer needs rather than the mechanics of writing code. […] from Bitcoin News https://ift.tt/GVAx06w via IFTTT

Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity #Bitcoin https://ift.tt/09TWPNI

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Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […] from Bitcoin News https://ift.tt/ojvOFL5 via IFTTT

Is the Bitcoin Bull Cycle Over?

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Diminishing Returns: Is Bitcoin's Cooling-Off Period a Precursor to New Highs? bit.ly/3f7o14k http://dlvr.it/TCJp5C

Report Reveals Hamster Kombat Faces Legal Action From Early Investors #Bitcoin https://ift.tt/WruesaK

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Hamster Kombat, the Telegram tap-to-earn gaming sensation, is facing legal woes in Russia stemming from conflicts between its alleged creator, Eduard Gurinovich, and one of its early investors, Ad.ru, an IT holding company. According to reports from Lenta.ru, a popular Russian online newspaper, Gurinovich created Hamster Kombat using a company named Arenum, of which Ad.ru […] from Bitcoin News https://ift.tt/XxnVPrU via IFTTT

Bitcoin Investors Face Diverging Fortunes as Long-Term Holders Stay Steady, Glassnode Reveals #Bitcoin https://ift.tt/WruesaK

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Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s […] from Bitcoin News https://ift.tt/cCJkvaZ via IFTTT

FTX’s Ryan Salame Seeks to Void Guilty Plea, Citing Government’s Alleged Breach of Plea Agreement #Bitcoin https://ift.tt/WruesaK

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Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on […] from Bitcoin News https://ift.tt/VFSyh1L via IFTTT

US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows

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US spot Bitcoin ETFs saw their sixth consecutive day of net inflows totalling around $65 million, highlighting growing mainstream institutional demand. BlackRock's IBIT led the day with $75.5 million in inflows. bit.ly/3f7o14k http://dlvr.it/TCHB5W

Tron’s Sun Pump Debut Sparks New Highs in Meme Coin Market #Bitcoin https://ift.tt/JLoPfUd

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Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday. Tron’s Meme Coin Generator Sets New Benchmarks To many observers, the […] from Bitcoin News https://ift.tt/zTs3ltG via IFTTT

Hong Kong Spot Bitcoin ETFs Saw Highest Inflows in a Month

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Hong Kong's Spot Bitcoin ETFs saw their largest inflow in over a month, with the ChinaAMC Bitcoin ETF taking in 274 BTC worth $15M. The steady climb in assets shows growing Asian interest in regulated Bitcoin investment products. bit.ly/3f7o14k http://dlvr.it/TCFv9t

Metalex and Lido Finance Propose First Major BORG Initiative #Bitcoin https://ift.tt/JLoPfUd

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Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations. Enter the BORG—Metalex and Lido Finance […] from Bitcoin News https://ift.tt/BZ4O10u via IFTTT

El Salvador to Educate 80,000 Public Servants on Bitcoin #Bitcoin https://ift.tt/JLoPfUd

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The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate. […] from Bitcoin News https://ift.tt/7eC9mtz via IFTTT

US Payrolls Revised Down by 818,000, Largest in 15 Years: QCP Capital Analyzes Impact on Markets #Bitcoin https://ift.tt/JLoPfUd

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QCP Capital reports that the largest downward revision to U.S. payrolls in 15 years has raised concerns over the strength of the labor market. The report suggests that these revisions could influence the Federal Reserve’s decisions on interest rates. QCP Capital: U.S. Payroll Revision and Fed Policy Shift Market Dynamics QCP Capital‘s latest insights highlight […] from Bitcoin News https://ift.tt/IT8s9va via IFTTT

Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier

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Bitcoin scalability startup Ark Labs raised $2.5M in a pre-seed round led by Tim Draper to advance its Ark protocol for faster, cheaper BTC payments. The funding aims to boost Bitcoin adoption for everyday transactions. bit.ly/3f7o14k http://dlvr.it/TCFGG7

Bitcoin’s Role as Collateral in Real Estate Development Financing

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A look at the dynamics of bitcoin as collateral in real estate financing. bit.ly/3f7o14k http://dlvr.it/TCFG14

Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan #Bitcoin https://ift.tt/UlxfPVg

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Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses the fallout from the industry-wide liquidity crisis triggered by the collapse of crypto exchange FTX in […] from Bitcoin News https://ift.tt/xj9qn6w via IFTTT

Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool #Bitcoin https://ift.tt/UlxfPVg

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The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the two organizations list virtual asset transactions as one of the tools available […] from Bitcoin News https://ift.tt/S7osDuR via IFTTT

Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger #Bitcoin https://ift.tt/UlxfPVg

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On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] from Bitcoin News https://ift.tt/aFP7TwV via IFTTT

Settled, But Not Really: The Privacy Gap in Bitcoin's 'Final' Transactions

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A look at privacy and payment finality in Bitcoin. bit.ly/3f7o14k http://dlvr.it/TCBsKK

Mt. Gox Moves Over $700 Million in Bitcoin

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Mt. Gox moved over $700 million worth of Bitcoin to unknown wallets, its first major transaction in weeks. The defunct exchange still owes billions to victims of its 2014 hack. bit.ly/3f7o14k http://dlvr.it/TCBTL8

River: A Bitcoin Brokerage Built From The Ground Up

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Alexander Leishman — founder, CEO and CTO of River — believes in designing every facet of River so as to prioritize the security of customer funds and to create a more dynamic financial platform. bit.ly/3f7o14k http://dlvr.it/TC9nr0

Bit Digital Expands AI and HPC Footprint, Signs $700 Million Agreement With Boosteroid #Bitcoin https://ift.tt/x35UVFd

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Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital […] from Bitcoin News https://ift.tt/J8uN6D3 via IFTTT

Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance #Bitcoin https://ift.tt/x35UVFd

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Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […] from Bitcoin News https://ift.tt/ZJFCWjq via IFTTT

Tether to Launch USDT Stablecoin on Aptos Blockchain #Bitcoin https://ift.tt/x35UVFd

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Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […] from Bitcoin News https://ift.tt/HtIGelB via IFTTT

AI Depin Project Grass Concludes Closed Beta and Outlines Airdrop Details #Bitcoin https://ift.tt/x35UVFd

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Grass, a depin AI web crawling project, has announced the end of its closed beta phase and outlined the requirements that users must fulfill to be eligible for an upcoming airdrop. The project announced that it will provide more details about the distribution of its token rewards, but that weighted epoch network participation would be […] from Bitcoin News https://ift.tt/z9sOLpX via IFTTT

Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum

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Ledn will use the loan to fund the growth of its retail lending operations. bit.ly/3f7o14k http://dlvr.it/TC8Tt4

Metaplanet Buys Additional ¥500 Million Worth of Bitcoin

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Metaplanet purchased another ¥500M of Bitcoin, bringing its total holdings to 360 BTC acquired for ¥3.45B. The public Japanese company is aggressively stacking sats by raising capital. bit.ly/3f7o14k http://dlvr.it/TC7k2K

Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10 #Bitcoin https://ift.tt/5pmHaKP

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Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once […] from Bitcoin News https://ift.tt/UxnDjVb via IFTTT

Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings #Bitcoin https://ift.tt/5pmHaKP

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Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed […] from Bitcoin News https://ift.tt/yG4roUm via IFTTT

Bitwise Expands European Presence Through Acquisition of ETC Group #Bitcoin https://ift.tt/5pmHaKP

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Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto […] from Bitcoin News https://ift.tt/fyJ5ICw via IFTTT

US Bitcoin ETFs on the Verge of Controlling 1 Million BTC #Bitcoin https://ift.tt/5pmHaKP

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According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in […] from Bitcoin News https://ift.tt/OcV7vZD via IFTTT

Bitwise Acquires ETC Group, Europe's Largest Physical Bitcoin ETP Issuer

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Bitwise Asset Management's acquisition of ETC Group marks its significant entry into the European market, adding over $1 billion in Bitcoin and crypto assets. bit.ly/3f7o14k http://dlvr.it/TC62J8

Not Your Keys, Not Your Name: Here’s Why Naming is the Next Killer App for Bitcoin

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Why we need a decentralized solution to domain names, and namespaces to find content on the internet, that is beyond the control of centralized third parties. bit.ly/3f7o14k http://dlvr.it/TC61ym

94% of Bitcoin's Supply Has Now Been Issued

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94% of Bitcoin's total supply cap of 21 million has now been mined through its predictable issuance schedule. Bitcoin's controlled scarcity makes the remaining supply provably rare. bit.ly/3f7o14k http://dlvr.it/TC5fMG

Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance #Bitcoin https://ift.tt/ynWD4KB

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […] from Bitcoin News https://ift.tt/CVivK4H via IFTTT

BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions #Bitcoin https://ift.tt/ynWD4KB

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On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original […] from Bitcoin News https://ift.tt/pcwL1Gy via IFTTT

Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy #Bitcoin https://ift.tt/ynWD4KB

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In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while […] from Bitcoin News https://ift.tt/LHulQTY via IFTTT

UBS Urges Caution Despite Positive US Economic Data #Bitcoin https://ift.tt/ynWD4KB

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UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […] from Bitcoin News https://ift.tt/jagtEJ6 via IFTTT

Milton Friedman on Inflation: A Government-Made Disaster  #Bitcoin https://ift.tt/O5KiH6G

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Inflation is not a natural phenomenon but a consequence of government actions. Milton Friedman famously argued that only the government can create inflation, and misguided policies, like price controls, worsen the problem. Friedman Famously Said: ‘Inflation Is Made by Government and No One Else’ Milton Friedman, a leading figure in economics, repeatedly emphasized that inflation […] from Bitcoin News https://ift.tt/Jaq8GAw via IFTTT

JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach #Bitcoin https://ift.tt/O5KiH6G

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Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […] from Bitcoin News https://ift.tt/qRn2Z6j via IFTTT

Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield #Bitcoin https://ift.tt/O5KiH6G

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Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $2.1 billion through stock offerings since […] from Bitcoin News https://ift.tt/GthXulk via IFTTT

Eric Trump Interview Teases ‘Digital Real Estate’ Crypto Venture #Bitcoin https://ift.tt/O5KiH6G

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Eric Trump, son of former President Donald Trump, recently shed some light on the mysterious crypto project that he and his brother, Donald Trump Jr., have been hinting at. In an exclusive interview with the New York Post, Trump revealed that the project revolves around “digital real estate.” He emphasized that this venture is “equitable” […] from Bitcoin News https://ift.tt/eCSUBVo via IFTTT

Are Bitcoin Whales Buying The Dip?

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Unveiling the Truth Behind Whale Activity: Are Major Bitcoin Holders Truly Buying the Dip, or Is the Market in a Redistribution Phase? bit.ly/3f7o14k http://dlvr.it/TC1jDq

Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil #Bitcoin https://ift.tt/oRypcl5

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Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to 2022. Binance […] from Bitcoin News https://ift.tt/sOpRiUS via IFTTT

Hedge Funds and Brokerages Dominate Bitcoin Assets, Coinshares 13F Filing Analysis Shows #Bitcoin https://ift.tt/oRypcl5

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A recent analysis from Coinshares, spearheaded by its lead research analyst, James Butterfill, brings to light the evolving landscape of bitcoin investments among institutional investors. This report, derived from 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), offers a glimpse into the strategies of key players in the bitcoin market, underscoring the […] from Bitcoin News https://ift.tt/FK8Oqgb via IFTTT

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin #Bitcoin https://ift.tt/oRypcl5

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According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […] from Bitcoin News https://ift.tt/GAj463N via IFTTT

Nigeria Seizes $37.5M in Digital Assets After Court Grants Freezing Order #Bitcoin https://ift.tt/oRypcl5

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The Nigerian government has seized approximately $37.5 million in digital assets from the organizers of the Endbadgovernance protests. The funds were frozen by a court order based on a claim by the Economic and Financial Crimes Commission, which alleged that the money was linked to money laundering and terrorism financing. Nigerians Feel Economic Pain The […] from Bitcoin News https://ift.tt/XkaYI1A via IFTTT

75% of Bitcoin Hasn't Moved in 6+ Months, Signaling Strong HODLing Trend

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The latest data from Bitcoin Magazine Pro reveals that nearly 75% of circulating Bitcoin hasn't moved in over six months, indicating a strong commitment to HODLing among Bitcoin holders. bit.ly/3f7o14k http://dlvr.it/TC0WQ4

South Korean Pension Fund Buys $34 Million in MicroStrategy Shares

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South Korea's National Pension Service bought $34 million of MicroStrategy stock, gaining indirect exposure to Bitcoin. The pension fund joins others using MicroStrategy as a proxy for Bitcoin investing. bit.ly/3f7o14k http://dlvr.it/TBzp0Q

Crypto Behemoth Coinbase Enters The Bitcoin DeFi Arena

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A new challenger has emerged in the fight for Bitcoin's on-chain economy bit.ly/3f7o14k http://dlvr.it/TBzVs1

Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums #Bitcoin https://ift.tt/ECyoahB

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A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit […] from Bitcoin News https://ift.tt/XxvtHLp via IFTTT

Chainlink Integrates Data Streams and VRF on Base Blockchain #Bitcoin https://ift.tt/ECyoahB

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Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s […] from Bitcoin News https://ift.tt/x0s8UZu via IFTTT