Crypto Account Manager

The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this decision marks a new chapter in the battle for clearer regulations in the crypto environment, putting Congress at the forefront […] source https://news.bitcoin.com/defi-education-fund-on-chevron-doctrine-overruled-it-opens-a-new-chapter-in-the-battle-for-clear-regulations/

National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin farms across the country as the prosecutor’s office is carrying out this investigation with ANDE’s cooperation. Seven ANDE Engineers Involved in […] source https://news.bitcoin.com/national-power-administration-ande-employees-allegedly-involved-in-setting-up-illegal-bitcoin-mining-farms-in-paraguay/

The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for […] source https://news.bitcoin.com/treasury-and-irs-announce-digital-asset-tax-reporting-regulations/

Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […] source https://news.bitcoin.com/analyst-updates-spot-ether-etf-launch-date-prediction-citing-slow-sec-review/

The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […] source https://news.bitcoin.com/supreme-courts-chevron-ruling-seen-as-a-game-changer-for-crypto-industry/

Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […] source https://news.bitcoin.com/blackrocks-ibit-leads-as-spot-bitcoin-etfs-see-73m-in-daily-net-inflow/

With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […] source https://news.bitcoin.com/bitcoin-miners-see-100-eh-s-exit-network-as-prices-and-revenues-fall/

Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts […] source https://news.bitcoin.com/bank-of-america-forecasts-gold-reaching-3000-in-the-next-18-months/

The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success using just a single PC to solve blockchain “puzzles.” Today, the competition to mine the next block is intense, with large mining enterprises predominantly dominating the […] source https://news.bitcoin.com/how-bitcoin-mining-is-becoming-a-sustainable-hub-for-btc-adoption-gomining-ecosystem-outlook/

State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure […] source https://news.bitcoin.com/state-street-partners-with-galaxy-asset-management-to-create-new-crypto-etfs/

Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024. Marathon Digital Diversifies With Kaspa Mining, Adds $15 Million in Assets […] source https://news.bitcoin.com/marathon-digital-expands-mining-operations-to-include-kaspa/

The Supreme Court ruled on Thursday that the U.S. Securities and Exchange Commission (SEC)’s use of in-house proceedings to impose civil penalties for securities fraud violates the Seventh Amendment’s right to a jury trial. The case arose from the SEC’s action against George Jarkesy Jr. and his firm, Patriot28 LLC, for alleged securities fraud. The […] source https://news.bitcoin.com/supreme-court-rules-sec-in-house-penalty-proceedings-violate-seventh-amendment/

On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address tagged as Coinbase. U.S. Law Enforcement Moves 3,940 Bitcoin The U.S. government executed this transfer of 3,940 BTC valued at $243 million. This action by […] source https://news.bitcoin.com/us-government-transfers-243-million-in-seized-bitcoin-to-coinbase/

PRESS RELEASE. B2Broker, an industry pioneer in technology and liquidity and the company behind B2Trader Brokerage Platform, a crypto spot brokerage solution, has announced a new update to its BBP solution. The new B2Trader v1.1 introduces BBP Prime and expands on its report feature with flexible layout customisation. B2Trader now has a dedicated BBP iOS […] source https://news.bitcoin.com/b2trader-v1-1-update-is-live-bbp-prime-custom-reporting-new-ios-app-and-more/

Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier […] source https://news.bitcoin.com/argentina-records-first-week-of-zero-inflation-in-30-years-milei-claims-hes-redefining-economic-theory/

Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […] source https://news.bitcoin.com/analysis-of-long-term-diamond-hand-bitcoin-holders-reveals-market-insights-glassnode/

PRESS RELEASE. FatBoy, the project boosting the Talking Tom concept by offering real-world rewards, is excited to announce the upcoming presale of its token, $FATTY. Initially, the only way to buy the $FATTY token will be through the official website. The token will be available to the initial community at the lowest presale prices, aiming […] source https://news.bitcoin.com/introducing-fatboy-exciting-token-presale-and-reward-opportunities-ahead/

Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these contracts that have not been taken advantage of and are blocked […] source https://news.bitcoin.com/insider-vulture-contracts-affecting-bitcoin-mining-development-in-paraguay/

Bitcoin’s price fell beneath the $60,000 mark on Monday, declining over 6% against the U.S. dollar. At 1:30 p.m. EDT on June 24, the currency’s price hit an intraday low of $59,809 per coin. Bitcoin Struggles Against Bearish Market, Slides to Near $60K Level This Monday proved tumultuous for bitcoin (BTC), as its price dipped […] source https://news.bitcoin.com/heavy-sell-off-sees-bitcoin-drop-below-60k-over-140m-in-btc-longs-liquidated/

The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […] source https://news.bitcoin.com/metaplanet-directors-approve-btc-acquisition-plan-companys-stock-up-by-nearly-500-ytd/

Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting […] source https://news.bitcoin.com/binance-helps-btcturk-with-hack-investigations-freezes-over-5-3m-in-stolen-funds/

In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and […] source https://news.bitcoin.com/bitcoins-power-law-model-gains-traction-despite-market-fluctuations/

As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidia and the burgeoning artificial intelligence (AI) sector, feared to be the latest bubble in a pattern echoing past […] source https://news.bitcoin.com/market-jitters-analysts-warn-of-looming-us-stock-crash-draw-parallels-to-1929/

In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks ahead. Onchain analyst Willy Woo believes there could be another one to four weeks of cooling down “before […] source https://news.bitcoin.com/cryptos-stagnant-summer-analysts-say-boring-markets-may-set-stage-for-eventual-price-surge/

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to pardon Ross Ulbricht if elected. Like former U.S. President Donald Trump, Kennedy advocates for Ulbricht’s release. Both candidates vow to stop President Joe Biden’s anti-crypto policies and oppose the creation of central bank digital currencies (CBDCs). RFK Jr. Advocates for Ross Ulbricht’s Pardon […] source https://news.bitcoin.com/robert-kennedy-jr-promises-to-pardon-ross-ulbricht-if-elected-president-says-hes-been-in-prison-far-too-long/

A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […] source https://news.bitcoin.com/nigeria-rejects-claims-jailed-binance-executive-denied-quality-healthcare/

The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted two prerequisites for an ‘Altcoin Season’ to emerge. Crypto Analyst Altcoin Sherpa Foresees Challenging Times for Altcoins The […] source https://news.bitcoin.com/analyst-outlines-tough-conditions-for-a-face-melting-altcoin-season-rally/

The world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational […] source https://news.bitcoin.com/mckinsey-report-tokenization-at-a-tipping-point-poised-to-transform-financial-markets/

On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy. Dell CEO Michael […] source https://news.bitcoin.com/digital-scarcity-billionaire-michael-dell-and-michael-saylor-exchange-dialogue-on-bitcoin/

Anthropic, one of the largest artificial intelligence (AI) companies in the market, has released the latest iteration of its in-house large language model (LLM) Claude, identified as 3.5 Sonnet. Anthropic claims this new assistant competes with Openai’s GPT-4o, surpassing the latter in several benchmarks including Graduate Level Reasoning, Grade School Math, Multilingual Math, and Code. […] source https://news.bitcoin.com/anthropic-launches-claude-3-5-sonnet-surpassing-openais-chatgpt/

PRESS RELEASE. SEOUL, KOREA — 21st June 2024 — Korea Blockchain Week 2024, Asia’s most impactful blockchain conference, is delighted to announce a slate of prolific top-tier sponsors and headline speakers. Sui, an innovative Layer-1 blockchain created by Mysten Labs, has been named the Official Conference Partner. The title sponsors include Aptos Foundation and Tron […] source https://news.bitcoin.com/korea-blockchain-week-names-sui-the-official-conference-partner-announces-new-headline-speakers/

On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin […] source https://news.bitcoin.com/volatile-bitcoin-movement-causes-118m-in-crypto-liquidations/

Ryan Selkis, founder and CEO of Messari, a cryptocurrency market intelligence firm, has called out “Pharma Bro” Martin Shkreli for supposedly acting with federal agencies to hurt Donald Trump’s campaign. Shkreli, allegedly the creator of DJT, disregarded this notion, calling out Selkis for “watching too many movies.” Messari’s Ryan Selkis Accuses Martin Shkreli of Organizing […] source https://news.bitcoin.com/messari-founder-ryan-selkis-accuses-martin-shkreli-of-working-covertly-to-hurt-trumps-campaign-through-djt/

Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week. Dogecoin and shiba inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Meme Coin Economy Stumbles Under $50 Billion This […] source https://news.bitcoin.com/meme-coin-meltdown-presidential-tokens-trump-and-boden-tumble-amid-market-slump/

According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas Neighborhood A newly listed home on […] source https://news.bitcoin.com/unique-residential-bitcoin-mining-house-in-dallas-listed-for-2-4m/

Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities Transfer Seized Bitcoin About four months ago, Arkham Intelligence announced on the social media […] source https://news.bitcoin.com/german-law-enforcement-transfers-425m-in-bitcoin-from-seized-funds/

On Wednesday at 11 a.m. EDT, bitcoin hovered just around the $65,000 mark. QCP Capital published its market commentary, attributing the downturn in the crypto economy to a lack of news flow and stagnant markets. In such a market, with minimal positive news to spur buying, existing crypto holders may lose confidence and patience. Crypto […] source https://news.bitcoin.com/qcp-capital-cites-lack-of-news-flow-for-bitcoins-price-decline-amid-market-doldrums/

PRESS RELEASE. Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is thrilled to announce its strategic partnership with Gravity Team, a leading algorithmic market maker and liquidity provider in the cryptocurrency space. This collaboration is poised to significantly enhance liquidity within the Zilliqa ecosystem, particularly in global and emerging markets, providing investors with increased access […] source https://news.bitcoin.com/zilliqa-partners-with-gravity-team-to-boost-liquidity-in-emerging-markets/

Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk analysis and due diligence,” the executive stressed. “They’re doing that right now.” ‘This Journey That […] source https://news.bitcoin.com/blackrocks-cohen-discusses-financial-advisors-cautious-approach-to-spot-bitcoin-etfs/

Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of $29.19/oz. This optimistic outlook is driven by expectations of an end to central bank interest […] source https://news.bitcoin.com/bank-of-america-predicts-bullish-trend-for-silver-prices-to-hit-35-oz-by-2026/

According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak, Aiming to Ease Defi Transition Transak, a Web3 payments infrastructure provider, has added […] source https://news.bitcoin.com/transak-lists-paypals-pyusd-for-easier-crypto-access/

The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According […] source https://news.bitcoin.com/dydx-chain-launches-new-software-version-adds-slinky-oracle-for-real-time-price-updates/

Peter Krauth, a silver market analyst and author of “The Great Silver Bull,” has predicted an upcoming silver shortage produced by the increased demand for the precious metal for different applications. Krauth states that demand for silver has outpaced supply, and there are probably 12 to 24 months of silver available before inventories run out. […] source https://news.bitcoin.com/analyst-forecasts-silver-shortage-price-increases-as-consumers-tap-dwindling-secondary-inventories/

Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report […] source https://news.bitcoin.com/digital-asset-funds-witness-major-shake-up-amid-feds-hawkish-stance-coinshares/

By enhancing liquidity, simplifying the user experience, and supporting diverse trading solutions, an omnichain trading infrastructure like Orderly Network is transforming the DeFi landscape and paving the way for widespread adoption. While the total value of decentralized finance (DeFi) approaches $100 billion as of June 2024, analysts predict the market will grow six times by […] source https://news.bitcoin.com/resolving-the-liquidity-dilemma-orderly-networks-next-gen-trading-infrastructure-elevates-defi-efficiency-with-institutional-grade-liquidity/

According to an X post on Monday, the cryptocurrency trading division of DRW Holdings, known as Cumberland, has been granted a Bitlicense by the New York State Department of Financial Services (NYDFS). Cumberland DRW Secures Bitlicense Cumberland, a trading desk that provides institutional over-the-counter (OTC) liquidity for numerous cryptocurrencies, now holds a Bitlicense. This business […] source https://news.bitcoin.com/cumberland-earns-bitlicense-bolstering-institutional-and-otc-crypto-services/

Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and […] source https://news.bitcoin.com/former-house-speaker-paul-ryan-stablecoins-can-help-fight-an-upcoming-us-debt-crisis-and-chinas-growing-influence/

With the first half of June concluded, there have been 37 venture capital deals and fundraising events in the crypto sector. Collectively, these investments totaled $317.87 million, with Avail, a modular blockchain project, leading the pack with $43 million. 37 Crypto Startups and Projects Gather $317 Million Crypto investments are ongoing, and in the last […] source https://news.bitcoin.com/crypto-sector-secures-317m-in-venture-capital-deals-in-early-june/

Merchants are increasingly adopting cryptocurrencies like bitcoin and ethereum, reflecting a growing trend towards digital currency payments as a viable alternative to traditional means. Merchants Embrace Digital Currency Payments Cryptocurrency is no longer a fringe concept but a rapidly growing trend in the retail sector. Retail organizations are preparing for and embracing digital currency payments. […] source https://news.bitcoin.com/the-state-of-crypto-merchant-adoption-in-2024/

The Salvadoran government has presented an initiative to accelerate the inclusion of Bitcoin and other cryptocurrencies in its investment banking sector. The banking law reform introduced to the National Assembly would allow private investors to constitute banks that can provide services in Bitcoin and stablecoins for sophisticated investors Salvadoran Government Presents Bill to Allow Private […] source https://news.bitcoin.com/salvadoran-government-introduces-bitcoin-banking-law-reform/