Category : Bitcoin.com

Bitcoin.com

ZK-Rollup Coin Sector’s Value Plummets by 46% in 7 Months

At the outset of the year, cryptocurrency assets linked to the realm of ZK-rollups commanded significant attention. In February, the market capitalization of the ZK-rollup coin ecosystem reached a substantial $13.7 billion. However, the subsequent mo...

Revolutionizing the Cryptocurrency World: DEX BANUS Emerges as a Leader in Decentralized Futures

PRESS RELEASE. Puerto Banus Spain, September 20, 2023 – The cryptocurrency and blockchain landscape is undergoing constant evolution, marked by groundbreaking innovations. At the forefront of this movement stands DEX BANUS. DEX BANUS: Pioneering Dece...

Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Week Low, BTC Extends Declines on USD Strength

Bitcoin fell below the $27,000 level on Thursday, as markets reacted to the latest Federal Reserve interest rate decision. As expected, the Fed opted to keep rates unchanged at 5.5%, whilst hinting at one additional raise in the current cycle. The do...

Opera Launches Blockchain-Based Wallet Enabling Rapid P2P Stablecoin Transfers for African Users

The creator of the Opera Mini web browser recently announced the launch of a blockchain-based wallet which makes it possible for African users to rapidly transfer stablecoins. Integration of the stablecoin wallet into the Opera Mini browser is expect...

Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the...

South Koreans Report Over $98 Billion in Overseas Crypto Assets

South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandator...

Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance

The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing...

Blockchain-Powered Platforms Can Help Event Organizers Overcome the Ticket Scalping Scourge — Maxwell Mayhew

According to Maxwell Mayhew, founder of the decentralized e-ticketing platform UTIX, event organizers can potentially overcome ticket scalping by switching to smart contract-based event hosting platforms. Such platforms not only help organizers contr...

Nomura’s Laser Digital Launches ‘Bitcoin Adoption Fund’ for Institutional Investors

Financial giant Nomura’s digital assets subsidiary, Laser Digital, has announced the launch of its Bitcoin Adoption Fund to provide “long-only exposure to bitcoin whilst being one of the most cost-effective and secure investment solutions.̶...

Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud

A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $...

Global Debt Spikes to Record $307 Trillion Driven by US, Developed Nations

The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now...

Defense Distributed Unveils ‘Gatgpt’ – Championing the Digital Second Amendment and AI Freedom

As artificial intelligence (AI) and large language models (LLMs) continue to gain prominence, the organization Defense Distributed has unveiled an experimental LLM-based agent named “Gatgpt.” The platform is being referred to as...

Stanford University Vows to Return $5.5M FTX Donations; Funds Initially Allocated for Pandemic Prevention

In the wake of a lawsuit targeting the parents of Sam Bankman-Fried, Stanford University’s spokesperson has announced intentions to give back the millions garnered from FTX and its affiliates. Records indicate that a whopping $5.5 million in gi...

Grayscale Files With SEC for Ethereum Futures ETF on NYSE Arca

The largest digital asset manager, Grayscale Investments, filed paperwork with the U.S. Securities and Exchange Commission (SEC) on September 19 for a new exchange-traded fund dedicated to ethereum (ETH) futures. The Grayscale Ethereum Futures Trust...

Paypal Launches US Dollar-Denominated Stablecoin PYUSD on Venmo

On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming weeks.”...

SEC’s Crypto Chief Signals Ramp-Up in Enforcement: ‘We’re Going to Continue to Bring Those Charges’

According to David Hirsch, head of the U.S. Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, more enforcement actions against firms that haven’t properly registered with the regulator are expected. Hirsch discuss...

Biggest Movers: XRP, MATIC Move to Multi-Week Highs on Wednesday

XRP was a big mover on Wednesday, despite cryptocurrency markets mostly consolidating in today’s session. Traders have moved to secure recent gains, ahead of September’s Federal Reserve interest rate decision. Polygon was also in the gr...

Awakening of 2012 Bitcoins: 8 Transfers Mobilize 520 BTC After 11 Years

In September 2023, a flurry of dormant so-called “sleeping bitcoins” from 2012 stirred to life. On September 18, a whopping 909 BTC worth more than $24 million changed hands. Not resting there, the momentum carried into the next...

Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Gains Ahead of FOMC Decision

Bitcoin retreated from recent highs on Wednesday, ahead of the upcoming U.S. Federal Open Market Committee (FOMC) interest rate announcement. The Fed is expected to keep rates unchanged, despite inflation rising by more than expected in August. Ether...

Kenyan Minister: US Government Recently Foiled Attempt to Detain Worldcoin Representatives

Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention. U.S. Government Repo...

What Are Rollups? Ethereum’s Main Scaling Solution Examined

Rollups are structures that have been designed as a way of scaling Ethereum’s capacity to process transactions and data. They group a bunch of tasks and compute them offchain, only posting the result of these transactions to Ethereum, allowing...

Blockchain Capital Doubles Down on Crypto, Launches Two Funds Totaling $580 Million

Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of inv...

‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate

Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash’s total 7.84 GSol/s has...

Citigroup Unveils Citi Token Services for Cash Management and Trade Finance

Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash managemen...

Fraud Investigation of Crypto Exchange JPEX Triggers Trading Halt, Arrests, Increased Regulatory Scrutiny

A fraud investigation of cryptocurrency exchange JPEX in Hong Kong has led to the shutdown of some trading activities on the platform, the arrest of multiple people, and increased regulatory scrutiny of the entire crypto sector. “This incident highli...

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