Crypto Account Manager

Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady: Bitcoin Hashrate Rises, Selling Pressure Decreases The latest onchain market activities report […] source https://news.bitcoin.com/cryptoquant-insights-bitcoin-miners-see-revenue-boost-as-hashrate-soars/

Recent analysis from QCP Capital highlights the intensifying macroeconomic volatility, driven by various factors including equity market sell-offs, unwinding currency trades, and fluctuating commodity prices. QCP Capital’s researchers foresee further turbulence ahead, particularly in light of upcoming Federal Reserve actions. QCP Capital Cites Heightened Volatility Ahead of Key Federal Reserve Decisions QCP Capital reports that […] source https://news.bitcoin.com/market-volatility-surges-amid-global-uncertainty-says-qcp-capital/

The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […] source https://news.bitcoin.com/no-rate-cuts-yet-fed-maintains-rates-at-historic-highs/

Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure to U.S. Treasury bills and a significant rise in group equity. Tether Reveals Mid-Year Financials The largest stablecoin issuer […] source https://news.bitcoin.com/tether-posts-5-2-billion-profit-in-first-half-of-2024/

Cameron Winklevoss, co-founder of Gemini and Winklevoss Capital, has called out U.S. Vice President Kamala Harris for her alleged intentions to reset the relations of the current government with the crypto industry. Winklevoss stated that, as former President Trump had previously acknowledged, the crypto industry is a ‘high IQ industry’ and would not fall for […] source https://news.bitcoin.com/cameron-winklevoss-on-kamala-harris-crypto-reset-intentions-beware-of-the-big-bluff/

According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil […] source https://news.bitcoin.com/central-bank-of-brazil-aims-to-finalize-crypto-exchange-regulation-by-early-2025/

PRESS RELEASE. Nova Chain continues to make significant strides in the blockchain and digital content creation landscape. Our recent developments highlight our commitment to innovation and growth, particularly in AI integration, regional expansion, and forging strategic partnerships. AI On-Chain: Leading the Way Nova Chain is at the forefront of integrating AI on-chain, enhancing the efficiency […] source https://news.bitcoin.com/expanding-nova-chains-reach-ai-on-chain-asian-expansion-and-strategic-partnerships/

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other countries. Bitcoin Acknowledged to Be a Catalyst […] source https://news.bitcoin.com/latam-insights-encore-el-salvador-shows-bitcoin-can-be-a-catalyst-to-power-tourism/

21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […] source https://news.bitcoin.com/21shares-announces-chainlink-integration-for-real-time-ethereum-reserve-verification/

According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […] source https://news.bitcoin.com/us-government-transfers-2-billion-in-bitcoin-to-unknown-wallet/

Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated. […] source https://news.bitcoin.com/7-year-old-sleeping-bitcoin-wallet-activates-transfers-14m-in-btc/

Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate […] source https://news.bitcoin.com/ron-paul-champions-liberty-and-competing-currencies-at-bitcoin-2024/

On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving […] source https://news.bitcoin.com/sleeping-bitcoin-wallet-from-2017-moves-121-63-btc-worth-8-25m-after-7-years/

At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer […] source https://news.bitcoin.com/190-to-450-terahash-microbt-unveils-powerful-m6xs-miners-at-bitcoin-2024/

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT. Wazirx Addresses Key Questions Following Cyberattack On Saturday, Indian crypto exchange Wazirx addressed […] source https://news.bitcoin.com/wazirx-clarifies-recovery-options-asset-valuation-and-usdt-conversion-after-cyberattack/

The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender for domestic transactions. Zambia’s Central Bank Seeks Input […] source https://news.bitcoin.com/zambia-de-dollarization-central-bank-seeks-to-enforce-kwacha-as-sole-legal-tender-for-domestic-transactions/

The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote […] source https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/

The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial stability. U.K. Urged to Retain 61,000 Bitcoins by Bitcoin Policy Group In their letter, the Bitcoin Policy Group […] source https://news.bitcoin.com/bitcoin-policy-group-urges-uk-to-retain-bitcoin-holdings/

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […] source https://news.bitcoin.com/rfk-jr-pledges-to-ensure-us-government-holds-4-million-bitcoins-as-strategic-reserve-if-elected-president/

The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching $262.17. President Bukele recently expanded the action of the Farmers’ Markets and slashed import […] source https://news.bitcoin.com/salvadoran-basic-goods-basket-rose-to-historic-highs-in-june/

According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest […] source https://news.bitcoin.com/michigan-retirement-system-invests-6-59m-in-ark-invests-bitcoin-fund/

Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […] source https://news.bitcoin.com/bitcoin-to-reach-87k-in-2024-and-383k-by-2030-finder-survey-predicts/

Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […] source https://news.bitcoin.com/us-bitcoin-etfs-report-31-16m-inflows-on-thursday/

BitcoinOS (BOS) has successfully verified a zero-knowledge proof (ZKP) on the Bitcoin mainchain, marking a significant technological advancement. This development introduces scalability and enhanced functionality to Bitcoin without altering its base layer. BOS Verifies ZK Proof on Bitcoin BOS, a protocol for trustless and interoperable Bitcoin rollups, disclosed to Bitcoin.com News that it had accomplished […] source https://news.bitcoin.com/bitcoin-rollup-protocol-bos-verifies-zero-knowledge-proof-on-mainnet/

Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make America Great Again” (MAGA) slogan, coined by former President Donald […] source https://news.bitcoin.com/justin-sun-mocks-kamala-harris-with-made-up-campaign-slogan/

Auradine has begun shipping its new Teraflux 2800 series bitcoin mining platforms. The company claims these systems, built with 3-nanometer (nm) silicon application-specific integrated circuit (ASIC) technology, set new standards in performance, efficiency, and resilience. New Auradine Teraflux Miners Boast Record Efficiency and Resilience According to Auradine’s announcement shared with Bitcoin.com News, the Teraflux series […] source https://news.bitcoin.com/auradine-ships-3nm-teraflux-bitcoin-mining-platform/

Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, […] source https://news.bitcoin.com/wyoming-senator-to-propose-bill-for-us-central-bank-to-hold-bitcoin-report-says/

The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated that this decision impacts customers whose deposits constitute less than 1% of Mercury’s total deposits. Affected Customers’ Deposits Less Than 1% of Mercury’s Mercury Bank, […] source https://news.bitcoin.com/mercury-bank-blocks-fintech-founders-from-nigeria-ukraine-and-a-dozen-more-countries/

On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications […] source https://news.bitcoin.com/cryptoquant-report-analyzes-market-impact-of-new-sec-approved-ethereum-spot-etfs/

After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll […] source https://news.bitcoin.com/harris-vs-trump-polls-show-tight-race-as-betting-and-prediction-markets-favor-trump/

Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary policy. Stonex Analyst Rhona O’Connell: Gold Poised for Gains Amid U.S. Political and Economic Changes In recent weeks, […] source https://news.bitcoin.com/stonex-bullions-analyst-predicts-gold-increase-due-to-heightened-political-confusion/

Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors. Hamilton Lane Leverages Solana for […] source https://news.bitcoin.com/multi-billion-dollar-asset-manager-hamilton-lane-pioneers-private-credit-fund-launch-on-solana/

Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon. Ether’s Bearish Sentiment Dominates Trading Day Amid ETF […] source https://news.bitcoin.com/ethereum-market-stagnation-marks-tepid-trading-day-despite-etf-launch/

The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it holds assets for ten out of 11 spot bitcoin ETFs and eight out of nine ether ETFs. Gabor Gurbacs, founder of Pointsville and former strategy […] source https://news.bitcoin.com/single-entity-risk-questioned-as-coinbase-dominates-eth-and-btc-etf-reserve-storage/

The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe Exchange Inc., Miax International Securities Exchange LLC, Miax Pearl LLC, Nasdaq ISE LLC, and […] source https://news.bitcoin.com/sec-extends-review-period-for-bitcoin-trust-options-trading-proposals/

Following the Chicago Board Options Exchange’s (Cboe) preparation for five new spot ethereum exchange-traded funds (ETFs) last week, the New York Stock Exchange (NYSE) has confirmed its approval to list the Bitwise and Grayscale ETH ETF. Bloomberg ETF analyst James Seyffart mentioned that he and his colleague Eric Balchunas anticipate the spot ether funds will […] source https://news.bitcoin.com/nyse-clears-listing-of-bitwise-and-grayscale-eth-etfs-trading-expected-tuesday/

Toronto, July 22, 2024 – Canada Crypto Week, a week-long series of Web3 and AI events, is set to take place from August 11-17, 2024 in Toronto, Canada. Blockchain Futurist Conference serves as the anchor event for Canada Crypto Week, providing a central hub for the majority of the week’s activities. Many of the 20+ […] source https://news.bitcoin.com/canada-crypto-week-set-for-aug-11-17-2024-anchor-event-blockchain-futurist-conference-hosts-multiple-sub-events-onsite/

Following the announcement that President Joe Biden will withdraw from the 2024 election, the prediction market Polymarket now indicates an 81% probability that Vice President Kamala Harris will be the Democratic nominee at the upcoming national convention. Polymarket Shows Kamala Harris as Democratic Favorite On Sunday afternoon, President Biden declared he would not seek re-election […] source https://news.bitcoin.com/biden-exits-2024-election-polymarket-predicts-kamala-harris-as-leading-democratic-nominee/

The highly anticipated Bitcoin Cash (BCH) Conference is set to take place in Buenos Aires, Argentina from October 12 to October 14, 2024. The event, hosted at the stunning Calima Eventos in the Puerto Madero area, promises a blend of networking, innovation, and entertainment over three days. Attendees can look forward to engaging discussions, a […] source https://news.bitcoin.com/bitcoin-cash-bch-conference-2024-coming-to-buenos-aires-argentina-in-october/

U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage in history.” Bitcoin’s Stability Highlighted During Major System Outage U.S. Senator Cynthia Lummis […] source https://news.bitcoin.com/us-senator-highlights-bitcoin-as-currency-unaffected-by-widespread-cyber-outages/

Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail Vasiliev, a dual citizen of Canada and Russia, were identified as members of the Lockbit group. Active since January 2020, this group […] source https://news.bitcoin.com/2-foreign-nationals-plead-guilty-in-lockbit-ransomware-case/

Digital asset platform Bitforex has announced that users will soon be able to withdraw their assets. However, all trading functions will remain suspended during this period. Additionally, the platform will cease all types of services and products and undergo a “comprehensive rectification.” Withdrawals to Be Directed to Designated Wallets Months after abruptly suspending withdrawals, digital […] source https://news.bitcoin.com/bitforex-to-reopen-withdrawals-months-after-team-members-detention-rendered-platform-inaccessible/

The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share insights on emerging threats, and foster a unified approach to combating financial fraud. Quarterly meetings will address trends, scams, and mitigation […] source https://news.bitcoin.com/sec-and-100-agencies-form-council-to-combat-securities-fraud/

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as JPM Coin, over those issued on public chains. This has elicited criticism from figures in the crypto community, who accuse the committee of attempting to […] source https://news.bitcoin.com/basel-committee-gives-permissioned-stablecoins-preferential-treatment-in-amended-crypto-asset-standard-amidst-heavy-criticism/

Momint, a Web3 startup, is poised for global expansion after securing a $50,000 grant from the Dfinity Foundation. This Swiss non-profit organization, known for its blockchain R&D, awarded the grant through the Internet Computer Protocol (ICP) Hub of Southern Africa. Momint plans to integrate ICP blockchain technology into its operations, enhancing its global reach and […] source https://news.bitcoin.com/momint-secures-grant-from-dfinity-foundation-for-global-blockchain-expansion/

Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company shareholders to “benefit from future BTC appreciation.” […] source https://news.bitcoin.com/leading-btm-operator-bitcoin-depot-will-add-bitcoin-to-its-treasury-reserves/

From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, […] source https://news.bitcoin.com/creating-btc-growth-points-gomining-vision/

President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that this will exacerbate reliance on imports, […] source https://news.bitcoin.com/president-bukele-eliminates-basic-food-products-import-duties-for-a-decade-in-el-salvador/

Tangem announced the launch of its Tangem Ring cryptocurrency hardware wallet on Wednesday, touting it as “the world’s first ring-shaped crypto wallet,” designed to “transform how people interact with cryptocurrencies.” The company stated that users can now wear their crypto, providing instant access to over 6,000 assets and various services directly on their fingers. The […] source https://news.bitcoin.com/tangem-launches-ring-shaped-hardware-cryptocurrency-wallet/

The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi) activities on the TON platform. TON Foundation Announces Bitcoin Bridge […] source https://news.bitcoin.com/ton-foundation-to-launch-bitcoin-bridge-on-the-open-network/