Crypto Account Manager

President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation. […] source https://news.bitcoin.com/bukele-states-bitcoin-was-an-effective-rebranding-tool-for-el-salvador/

The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton’s tokenized funds stand out, commanding a dominant 44.95% share of the net value. Tokenized Bond Market Breaks $2 Billion Barrier, With Ondo, Blackrock, and Franklin […] source https://news.bitcoin.com/2-billion-milestone-reached-in-tokenized-treasury-bonds/

For decades, loyalty programs have been a staple of customer retention strategies across various industries. From airline miles to hotel points, these programs have promised consumers a tangible return for their loyalty. But as the digital landscape evolves, a new breed of loyalty programs is emerging, particularly within the burgeoning world of crypto casinos and […] source https://news.bitcoin.com/forget-airline-miles-are-crypto-casinos-like-cloudbet-reinventing-the-rewards-game/

The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme contest.” The news broke on the social media platform X, where the World Liberty Financial account shared, “To celebrate President Trump’s tweet about us yesterday, […] source https://news.bitcoin.com/trumps-world-liberty-financial-launches-epic-meme-contest-as-telegram-channel-hits-100k-members/

Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social Media Interest On Aug. 30, 2024, the X account Lookonchain shared […] source https://news.bitcoin.com/800-eth-transferred-vitalik-buterins-latest-wallet-activity-draws-attention/

Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a new direction for global payments infrastructure. Blockchain Gains Momentum in the Payments Industry as Binance Highlights […] source https://news.bitcoin.com/binance-research-report-blockchain-could-transform-cross-border-transactions/

After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […] source https://news.bitcoin.com/bitcoin-slides-below-58k-as-market-plunge-wipes-out-178m/

Hamster Kombat, the TON-based tap-to-earn game, has announced the date for its token generation event (TGE) and the subsequent airdrop. The team revealed that the expected event will occur on September 26th, despite reports of the project facing legal actions in Russia from alleged early investors. Hamster Kombat Reaches Milestone, Reveals Airdrop Date Hamster Kombat, […] source https://news.bitcoin.com/hamster-kombat-finally-announces-airdrop-event-date-after-several-delays/

Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with Threshold’s decentralized system. This move comes in response to recent concerns within the decentralized finance (defi) ecosystem over the current custody arrangements for WBTC. Threshold Network Proposes Decentralized Custody Model for WBTC […] source https://news.bitcoin.com/save-wbtc-threshold-network-proposes-sweeping-changes-to-wrapped-bitcoin-custody/

Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for […] source https://news.bitcoin.com/iris-energy-acquires-39000-bitmain-s21-xp-antminers-eyes-30-eh-s-in-2024/

A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally surpassing $70,000. […] source https://news.bitcoin.com/study-bitcoin-millionaires-up-by-111-crypto-users-reach-560-million/

Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram CEO Durov After Durov was taken into custody last […] source https://news.bitcoin.com/france-charges-telegrams-pavel-durov-sets-bail-at-e5-million/

Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has deteriorated significantly while in detention. The CEO criticized the Nigerian government’s justification for detaining Tigran as baseless. He also […] source https://news.bitcoin.com/binance-ceo-calls-nigerias-detention-of-tigran-gambaryan-unjust/

Crypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president. Crypto.com Integrates Paypal for Crypto Purchases Cryptocurrency trading platform Crypto.com announced on Wednesday […] source https://news.bitcoin.com/crypto-com-adds-paypal-as-payment-option-in-us-for-crypto-purchases/

The New Zealand government has introduced a bill to implement the OECD’s Crypto Asset Reporting Framework (CARF). This framework aims to increase transparency in the crypto asset market. Effective April 1, 2026, New Zealand-based crypto-asset service providers (CASPs) must collect and report information on reportable users’ transactions. Penalties are proposed for non-compliance by CASPs and […] source https://news.bitcoin.com/new-zealand-seeks-to-adopt-oecds-crypto-asset-reporting-framework/

Arkham Intelligence has announced an expanded partnership with Coingecko and Gecko Terminal, integrating their market data into Arkham’s platform. This collaboration aims to enhance the crypto analytics experience by combining Coingecko’s token pricing data with Arkham’s onchain data. Arkham said the partnership will allow Arkham to incorporate pricing data and charts from Gecko Terminal, broadening […] source https://news.bitcoin.com/arkham-intelligence-partners-with-coingecko-for-enhanced-trading-analytics/

Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of Telegram CEO Pavel Durov. In a social media post, Macron stressed that the arrest was part of an investigation carried out by the judiciary and that it was “in no way a political decision,” as some reports claimed. […] source https://news.bitcoin.com/french-president-emmanuel-macron-dismisses-false-information-on-pavel-durovs-arrest-it-is-in-no-way-a-political-decision/

Utherverse has operated the most successful Metaverse platform in history, with more than 50 million uses worldwide since the launch of their first generation metaverse in 2004. They are now in Beta testing of their third commercial generation metaverse which is designed as a platform upon which anyone can easily create and operate a sophisticated […] source https://news.bitcoin.com/what-sets-utherverse-apart-from-other-metaverse-offerings-with-founder-and-ceo-brian-shuster/

The Paris Public Prosecutor’s Office has disclosed the arrest of Telegram CEO Pavel Durov, who was detained at Le Bourget airport on August 24, 2024. Durov is currently in police custody as part of an extensive judicial investigation. The probe, launched on July 8, 2024, involves multiple serious charges, including complicity in illegal transactions, child […] source https://news.bitcoin.com/paris-prosecutors-office-reveals-telegram-ceos-arrest-in-major-cybercrime-probe/

Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an “assault on the basic human rights of speech and association.” Snowden called for people to “wake up,” highlighting the attack that world governments have mounted […] source https://news.bitcoin.com/edward-snowden-pavel-durovs-arrest-is-an-assault-on-basic-human-rights/

PRESS RELEASE. Playbet.io is set to make waves in the crypto gambling community with the launch of their “Win 1 BTC” Raffle, running from August 26th to November 26th, 2024. Offering players a once-in-a-lifetime opportunity to win significant cryptocurrency prizes. Event Overview: Promotional Period: From August 26th through November 26th, 2024, join Playbet.io for a […] source https://news.bitcoin.com/playbet-io-announces-win-1-btc-raffle-a-chance-to-win-big/

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […] source https://news.bitcoin.com/sony-block-solutions-labs-introduces-soneium-an-ethereum-l2-project/

Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% […] source https://news.bitcoin.com/bitcoins-last-difficulty-drop-likely-to-be-erased-in-3-days/

Following the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach […] source https://news.bitcoin.com/avalanche-discord-compromised-fake-token-scammers-strike-again/

The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […] source https://news.bitcoin.com/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/

Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship between fiscal and monetary policies, arguing that the Federal Reserve operates more as a political tool than an independent entity. […] source https://news.bitcoin.com/academic-paper-questions-federal-reserve-independence-and-exposes-political-ties/

In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer needs rather than the mechanics of writing code. […] source https://news.bitcoin.com/aws-ceo-predicts-ai-to-transform-software-developer-roles/

Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […] source https://news.bitcoin.com/bitcoins-reign-unchallenged-altcoin-season-continues-to-fade-into-obscurity/

In the last three days, Foundry USA and Antpool have emerged as the leading forces in bitcoin mining, together controlling a whopping 56.7% of the network’s total hashrate. Since the year began, Foundry’s hashrate has climbed by about 75 exahash per second (EH/s), marking a significant increase. Foundry USA and Antpool Control Well Over Half […] source https://news.bitcoin.com/data-shows-bitcoin-mining-giants-foundry-and-antpool-seize-56-7-of-networks-hashrate/

Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s […] source https://news.bitcoin.com/bitcoin-investors-face-diverging-fortunes-as-long-term-holders-stay-steady-glassnode-reveals/

Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on […] source https://news.bitcoin.com/ftxs-ryan-salame-seeks-to-void-guilty-plea-citing-governments-alleged-breach-of-plea-agreement/

Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […] source https://news.bitcoin.com/fed-chair-powell-signals-confidence-in-inflation-control-hints-at-rate-cuts/

Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders and investors eager for high returns. As these tokens continue to evolve, their influence on […] source https://news.bitcoin.com/gotbit-hedge-fund-memes-are-driving-the-next-wave-of-blockchain-innovation/

Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations. Enter the BORG—Metalex and Lido Finance […] source https://news.bitcoin.com/metalex-and-lido-finance-propose-first-major-borg-initiative/

The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The module also includes training in the areas of cybersecurity, blockchain, and artificial intelligence (AI), offering a public administration certificate. […] source https://news.bitcoin.com/el-salvador-to-educate-80000-public-servants-on-bitcoin/

QCP Capital reports that the largest downward revision to U.S. payrolls in 15 years has raised concerns over the strength of the labor market. The report suggests that these revisions could influence the Federal Reserve’s decisions on interest rates. QCP Capital: U.S. Payroll Revision and Fed Policy Shift Market Dynamics QCP Capital‘s latest insights highlight […] source https://news.bitcoin.com/us-payrolls-revised-down-by-818000-largest-in-15-years-qcp-capital-analyzes-impact-on-markets/

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm’s onchain financial products. Avalanche Adds Franklin Templeton’s Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.6 trillion in assets under management, has integrated […] source https://news.bitcoin.com/franklin-templeton-expands-tokenized-money-market-fund-to-avalanche-network/

The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the two organizations list virtual asset transactions as one of the tools available […] source https://news.bitcoin.com/highest-court-of-china-moves-to-list-virtual-asset-transactions-as-a-money-laundering-tool/

On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] source https://news.bitcoin.com/bitcoin-miner-bitfarms-to-acquire-stronghold-digital-mining-in-125-million-merger/

Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government transactions. The government aims to eventually replace the U.S. dollar with the ZIG as the […] source https://news.bitcoin.com/zimbabwes-gold-backed-currency-sees-gains-but-us-dollar-remains-dominant/

Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald Trump. On Tuesday, the odds of Kennedy withdrawing peaked to it’s highest point yet. RFK Jr.’s Campaign Faces […] source https://news.bitcoin.com/polymarket-odds-suggest-81-chance-of-rfk-jr-exiting-2024-race-as-shanahan-hints-at-trump-alliance/

Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale […] source https://news.bitcoin.com/tether-to-launch-usdt-stablecoin-on-aptos-blockchain/

Grass, a depin AI web crawling project, has announced the end of its closed beta phase and outlined the requirements that users must fulfill to be eligible for an upcoming airdrop. The project announced that it will provide more details about the distribution of its token rewards, but that weighted epoch network participation would be […] source https://news.bitcoin.com/ai-depin-project-grass-concludes-closed-beta-and-outlines-airdrop-details/

Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […] source https://news.bitcoin.com/russian-finance-minister-discloses-that-over-90-of-bilateral-trade-with-china-is-settled-outside-the-u-s-dollar-system/

Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed […] source https://news.bitcoin.com/bitcoin-miner-greenidge-files-legal-complaint-against-new-york-regulator-reports-q2-earnings/

Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto […] source https://news.bitcoin.com/bitwise-expands-european-presence-through-acquisition-of-etc-group/

According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in […] source https://news.bitcoin.com/us-bitcoin-etfs-on-the-verge-of-controlling-1-million-btc/

QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report […] source https://news.bitcoin.com/qcp-capital-analyzes-market-sentiment-ahead-of-fed-chairs-speech-at-jackson-hole/

On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with improved scalability and security. New BitVM2 White Paper Introduces Advanced Solutions for Bitcoin L2 Scaling The original […] source https://news.bitcoin.com/bitvm-version-2-introduces-new-era-for-bitcoin-l2-scaling-solutions/

In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic plans. Over the past 72 hours on Polymarket, her chances have taken a hit, dropping four percentage points, while […] source https://news.bitcoin.com/bets-on-harris-slide-in-predictions-market-after-her-price-controls-plan-sparks-controversy/