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Stay informed with timely and objective news content relevant to the crypto industry, published daily by Bitcoin.com News.
Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related to money laundering and operating without a license. Snowden’s remarks show his ongoing support for financial privacy within the […]
https://news.bitcoin.com/edward-snowden-defends-crypto-privacy-criticizes-doj-for-samourai-wallet-arrests/
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […]
https://news.bitcoin.com/sp-global-report-new-legislation-could-boost-us-stablecoin-landscape/
Christian Langalis, famously known as “Bitcoin Sign Guy,” has auctioned the “Buy Bitcoin” sign he displayed during Janet Yellen’s 2017 Congressional testimony for 16 BTC, approximately $1 million dollars at current prices. The sign was listed on the Scarce City marketplace, and was drawn on a yellow legal pad with a Uniball Vision pen. Langalis […]
https://news.bitcoin.com/iconic-buy-bitcoin-sign-from-janet-yellens-testimony-sells-for-1-million-in-crypto-auction/
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $745 million. Tesla Holding Onto Its Bitcoin Elon Musk’s electric car […]
https://news.bitcoin.com/tesla-maintains-bitcoin-holdings-balance-sheet-shows-184-million-in-digital-assets/
The U.S. Department of Justice has indicted the founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill, on charges of operating an unlicensed money-transmitting business and laundering over $100 million through illicit transactions. DOJ Indicts Samourai Wallet Founders for Allegedly Operating $100 Million Crypto Laundering Ring According to the indictment unsealed by the Southern […]
https://news.bitcoin.com/us-authorities-charge-founders-of-bitcoin-mixer-samourai-wallet-for-laundering-over-100-million/
Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […]
https://news.bitcoin.com/bitcoins-first-post-halving-adjustment-raises-mining-difficulty-to-record-high/
Per the Securities and Futures Commission (SFC) of Hong Kong, the region’s newly authorized spot bitcoin and ethereum exchange-traded funds (ETFs) are set to commence trading on Tuesday, April 30, 2024. Anticipation Builds for the Rollout of Bitcoin and Ethereum ETFs in Hong Kong Recently, the SFC of Hong Kong announced its approval for several […]
https://news.bitcoin.com/trading-of-hong-kong-spot-bitcoin-and-ethereum-etfs-starts-april-30/
The Thai Securities and Exchange Commission has been instructed to share information on unauthorized digital asset service providers with the Ministry of Digital Economy and Society. The regulator warned investors using such platforms of the risks they face which include the possibility of being scammed or involved in money laundering. Enhancing Efficiency in Law Enforcement […]
https://news.bitcoin.com/thai-sec-instructed-to-share-information-on-unauthorized-digital-asset-platforms-with-government/
South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […]
https://news.bitcoin.com/south-african-regulator-licenses-75-institutions-as-crypto-asset-service-providers/
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees on bitcoin adoption in emerging markets. Youssef stated on social media that the recent developments in the bitcoin fee market have pushed users to alternatives such as USDT on the Tron blockchain over bitcoin in Global South countries. Noones […]
https://news.bitcoin.com/noones-ceo-ray-youssef-blasts-bitcoin-fees-we-have-failed-the-global-south/
Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Research. This flaw, existing in the protocol since its 2021 inception, became exploitable recently with the introduction of new codebase developments but was […]
https://news.bitcoin.com/cosmos-developers-patch-critical-flaw-in-ibc-protocol-safeguarding-126-million-in-assets/
Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to […]
https://news.bitcoin.com/ripple-asks-court-to-reject-secs-2-billion-penalty-request-in-xrp-case/
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […]
https://news.bitcoin.com/sec-lawyers-resign-after-judge-sanctions-the-regulator-for-gross-abuse-of-power/
On Monday evening, Taproot Wizards co-founder Udi Wertheimer unveiled a Bitcoin Improvement Proposal (BIP) that reintroduces the OP_CAT opcode to Bitcoin. This opcode could facilitate more streamlined and efficient decentralized file hosting systems, payment channels, and sophisticated Bitcoin smart contracts by minimizing reliance on intricate cryptographic techniques. However, Bitcoin developer Luke Dashjr has labeled the […]
https://news.bitcoin.com/controversy-swirls-around-bitcoins-bip-420-push-behind-opcode-isnt-in-good-faith-says-developer/
The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […]
https://news.bitcoin.com/blackrock-bitcoin-etf-sees-70-straight-days-of-inflows-holdings-near-274k-btc/
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion and $99 billion for the fiscal year, attributing the increase to higher […]
https://news.bitcoin.com/meta-faces-tough-market-response-as-ai-investments-surge-and-metaverse-losses-continue/
On Wednesday, Block, the financial services firm, disclosed that merchants using Square can convert their daily sales into bitcoin through the Cash App. Block’s founder, Jack Dorsey, revealed this update on X, and as of today, merchants have the option to transfer between 1-10% of their Square-generated earnings into bitcoin, the leading crypto asset by […]
https://news.bitcoin.com/block-unveils-bitcoin-conversion-feature-for-square-merchants/
OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software upgrade. Co-authors Ethan Heilman and Armin Sabouri have emphasized that receiving a BIP number mainly facilitates discussion around the proposal by providing a […]
https://news.bitcoin.com/op_cat-proposal-assigned-bip-347-aims-to-enhance-bitcoin-with-ethereum-style-smart-contracts/
Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, […]
https://news.bitcoin.com/stacks-launches-nakamoto-upgrade-to-enhance-bitcoin-l2-functionality/
The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested in “authentic updates” refer to its official website. Fake Content The Central Bank of […]
https://news.bitcoin.com/nigerian-central-bank-disavows-letter-directing-banks-to-sever-ties-with-crypto-exchanges/
Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng Zhao Issues Apology as Sentencing Nears In a letter to the […]
https://news.bitcoin.com/former-binance-boss-cz-apologizes-accepts-responsibility-ahead-of-sentencing/
Federal prosecutors have recommended a 36-month prison sentence for Changpeng Zhao (CZ), the cryptocurrency exchange Binance’s former CEO, for U.S. law violations. Zhao’s deliberate non-compliance facilitated massive unlawful transactions, impacting national security and financial systems. CZ’s Legal Woes Deepen With Proposed Three-Year Prison Term Changpeng Zhao, referred to as “CZ” and the brain behind Binance, […]
https://news.bitcoin.com/us-prosecutors-seek-36-month-sentence-for-binances-changpeng-zhao-over-legal-violations/
PRESS RELEASE. Monaco, April 24, 2024 – Memereum, a promising project on the BNB Smart Chain, is delighted to announce the launch of its presale. It invites investors to join the movement towards financial empowerment and innovation. With a suite of special financial products and services, Memereum is going to participate in the future advancement […]
https://news.bitcoin.com/memereum-presale-new-wave-of-crypto-opportunities-offering-investors-access-to-defi-innovation/
A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However, Blackrock had no direct involvement in the tokenization process, as clarified […]
https://news.bitcoin.com/hbar-token-price-soars-96-after-misinterpreted-blackrock-announcement/
The Securities and Exchange Commission (SEC) of the Philippines has requested that tech giants Apple and Google remove Binance apps from their respective app stores. The SEC chairman stated that the blockade on Binance, coupled with the removal of its app, curbs the further spread of its unlawful activities in the country. Binance Apps Pose […]
https://news.bitcoin.com/philippines-securities-regulator-requests-apple-and-google-to-remove-binance-apps/
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […]
https://news.bitcoin.com/bitcoiners-seek-constitutional-reform-to-allow-swiss-national-bank-to-purchase-bitcoin/
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from the initially planned 5-nanometer (nm) process to an […]
https://news.bitcoin.com/jack-dorseys-block-targets-chip-advancement-with-3nm-bitcoin-asic-mining-rig/
PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate its adoption. Tether, nonetheless, stated it will uphold OFAC […]
https://news.bitcoin.com/venezuelan-state-oil-company-to-accelerate-usdt-adoption-for-settlements-tether-vows-to-uphold-ofac-sanctions/
The latest quarterly report from Fidelity Digital Assets (FDA) Research reveals key insights into the bitcoin and ethereum markets as of Q1 2024. With a detailed analysis of market conditions and future outlooks, FDA’s research report provides several predictions for short and long-term trends. Fidelity Digital Assets Spotlights Bitcoin and Ethereum Market Shifts in New […]
https://news.bitcoin.com/fidelity-digital-assets-signals-report-revises-bitcoin-outlook-to-neutral/
Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal Blockchain Research Team Advocates for Low-Carbon Mining With Financial Incentives The rise of the Bitcoin network has […]
https://news.bitcoin.com/paypal-promotes-low-carbon-bitcoin-mining-with-new-research-paper/