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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
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/
PRESS RELEASE. MultiBank Group, a prominent global financial institution, proudly announces the launch of MultiBank.io, its state-of-the-art cryptocurrency derivatives trading platform. This significant initiative heralds a transformative milestone in the progression of cryptocurrency trading, driven by MultiBank.io’s advanced technological infrastructure and pioneering product portfolio. Facilitating Traders with Unparalleled Leverage and Diversity The MultiBank.io platform presents […]
https://news.bitcoin.com/multibank-io-a-revolutionary-leap-in-cryptocurrency-derivatives-trading/
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted […]
https://news.bitcoin.com/bitcoin-miner-riot-platforms-records-modest-revenue-gain-despite-36-decrease-in-mined-btc/
Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […]
https://news.bitcoin.com/blackrock-reinforces-tokenization-drive-leading-47-million-funding-round-in-digitization-company-securitize/
Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of […]
https://news.bitcoin.com/standard-chartered-warns-bitcoin-price-could-fall-to-50k/
JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold. Insights on Market Trends by JPMorgan JPMorgan, a global investment bank, has provided insights on […]
https://news.bitcoin.com/jpmorgan-retail-investors-drive-selloff-in-both-crypto-and-equity-markets/
On Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws Coinjoin Feature from Wasabi Wallet Following intensified regulatory scrutiny in the U.S., […]
https://news.bitcoin.com/zksnacks-to-cease-coinjoin-transactions-affecting-wasabi-trezor-and-btcpay/
Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing the utility of crypto for customers using Coinbase’s services. Coinbase Adds Lightning […]
https://news.bitcoin.com/coinbase-announces-support-for-bitcoins-lightning-network/
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar. Bitcoin Poised to Become Default Currency for AI, Says […]
https://news.bitcoin.com/lightspark-ceo-expects-bitcoin-to-dominate-ai-related-monetary-transactions/
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/
On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon. Record-Setting 841,886 Bitcoin Block Mined, Outpacing Previous Milestone Marathon has […]
https://news.bitcoin.com/marathon-sets-new-record-by-mining-bitcoins-largest-block-showcasing-the-logos-manifesto/
As of May 3, 2024, bitcoin’s price stands at $59,142, with a 24-hour intraday range of $57,789 to $60,000. The leading cryptocurrency maintains a market capitalization of $1.15 trillion and has recorded a trading volume of $28.43 billion over the same period. Bitcoin Bitcoin’s daily chart analysis reveals a consistent bearish trend with BTC’s price […]
https://news.bitcoin.com/bitcoin-technical-analysis-btc-bulls-challenge-upper-resistance-amid-bearish-pressure/
According to a report, the Financial Conduct Authority, a watchdog for the financial services industry in the U.K., had 30% of its financial crime specialists focused on crypto-asset businesses. Assessments conducted by supervisors in the U.K. found that not only crypto-asset businesses, but nearly all participants in the country’s financial services sector, are susceptible to […]
https://news.bitcoin.com/report-30-of-uk-watchdogs-financial-crime-experts-focused-on-crypto-businesses-in-2022-23/
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking […]
https://news.bitcoin.com/tether-q1-2024-attestation-reveals-record-4-52-billion-profits/
PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […]
https://news.bitcoin.com/scaling-bitcoin-together-event-set-to-unite-bitcoin-leaders-in-hong-kong/
The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, […]
https://news.bitcoin.com/hybrid-l2-build-on-bitcoin-launches-mainnet-us-users-face-geo-blocking/
Recently, Messari’s founder and CEO, Ryan Selkis, has expressed strong opinions about the potential impact of a Joe Biden reelection on the cryptocurrency industry in the United States. On Thursday, Selkis voiced his concerns on the social media platform X, stating that a “second Biden term will lead to mass wealth confiscation and crypto seizures.” […]
https://news.bitcoin.com/messari-ceo-criticizes-us-presidents-crypto-stance-foresees-mass-wealth-confiscation-if-biden-gets-reelected/
PRESS RELEASE. Road Town, British Virgin Islands — May 2, 2024. EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two […]
https://news.bitcoin.com/top-vcs-join-eywas-seed-round-led-by-curves-founder/
A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger […]
https://news.bitcoin.com/fidelity-digital-assets-study-bitcoins-volatility-declines-as-it-grows-echoing-historical-asset-trends/