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Bitfarms Leadership Change: Ben Gagnon Named CEO
9.7.2024
Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the past five years, the company said. Chairman Nicolas...
France and Hong Kong Collaborate to Advance Global Tokenization Market With CBDC Initiatives
9.7.2024
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed...
Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers
9.7.2024
Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits
Venezuelans Sent Over $460 Million in Remittances Using Crypto in 2023
9.7.2024
The Venezuelan migrant population, now exceeding 7 million, has used crypto to send over $460 million in remittances to the ones left behind in the country. According to Chainalysis, 30% of Venezuelan households received some form of remittance in 2023, with 9% using crypto as rails to reach their...
German Government Liquidates $741M in Bitcoin Holdings
8.7.2024
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC....
Nigerian Witness Says Binance Users Operate Under False Identities
8.7.2024
A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance...
2024 Republican Platform Defends Bitcoin Mining and the Right to Self-Custody Crypto
8.7.2024
The Republican Party has integrated cryptocurrency issues into its 2024 platform titled “Make America Great Again.” The document outlines the party’s intention to “end Democrats’ unlawful and unAmerican crypto crackdown” on law-abiding citizens. Republican Party...
Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million
8.7.2024
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the...
Grayscale’s Ethereum Trust Returns to Discount as Spot Ether ETF Listings Loom
8.7.2024
Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE)...
$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
8.7.2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000...
Bukele Calls for Speculators to Stop Gouging Prices in El Salvador, Issues Ultimatum
8.7.2024
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country...
ETF Expert Anticipates Spot Ethereum ETF Debut Within 2 Weeks
8.7.2024
This week, Nate Geraci, a leading figure in the investment advisory and exchange-traded fund (ETF) industry, expressed his expectation that spot ethereum ETFs will be trading within the next two weeks. Geraci shared with his 44,000 X followers that he anticipates the week of July 15 as the probable...
Hamster Kombat: Viral Telegram Game’s Pre-Market Debut Announced by Bybit
8.7.2024
Dubai-based cryptocurrency exchange Bybit has announced the listing of Hamster Kombat (HMSTR) on its pre-market trading platform. This development marks a major milestone for the viral Telegram-based game. From Telegram Sensation to Crypto Exchange Listing Hamster Kombat is a tap-to-earn game that...
Weekly Crypto Roundup: Beldex Tops Gainers, Celsius Token Sinks 44%
8.7.2024
On Monday, July 8, the global cryptocurrency market capitalization hovered around $2.11 trillion, reflecting a 0.42% increase over the past day. Although there was a modest uptick at the beginning of the week, only a few crypto assets recorded gains during this period. The top performer for...
Ethereum Technical Analysis: ETH Clings to $3,000 Threshold Post-Rebound
8.7.2024
Ethereum (ETH) has experienced notable price movements recently, currently trading at $3,037. The intraday range has fluctuated between $2,803 and $3,096, with a market capitalization standing at $364 billion. Ethereum The 1-hour ETH/USD chart reveals a recent uptrend beginning at $2,803, marked...
Bitcoin Technical Analysis: BTC Prices Rebound Following $53,550 Low
8.7.2024
Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by...
Solana ETF inflows could push Shiba Inu (SHIB) and RCO Finance (RCOF) to 9,472% bull run, report
8.7.2024
News of a potential approval of Solana ETFs has greatly impacted the crypto market. A recent report revealed that if these ETFs succeed, they could witness billions in capital inflows, which could subsequently trigger a staggering 9,472% bull run for Shiba Inu and RCO Finance (RCOF). But why...
German Government Moves 1,205 Bitcoin Amid Price Fluctuations
8.7.2024
According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German...
Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina
8.7.2024
The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and Brazilian companies recently announced an 8 MW initiative...
Solana eyes shine as Bitcoin stumbles around $55k
8.7.2024
According to analysts who are closely monitoring Bitcoin’s price recovery, the primary resistance level is currently between $60,000 and $63,000. Historical trends suggest that BTC will often correct heavily before healthy uptrends continue. The precedents set by these past movements show...