Category : Bitcoin.com

Bitcoin.com

Nigeria Denies Binance CEO’s Claims of $150M Bribe Demand; Criticizes Attempt to Discredit Government

The Nigerian government has dismissed allegations from Binance CEO Richard Teng that representatives of the cryptocurrency exchange were solicited for a $150 million bribe by members of the House Committee on Financial Crimes (HCFC). A special assist...

X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting

The business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables adv...

Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners

According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific inte...

Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger

SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator node on the XRP Ledger blockchain. This move aims to earn recognition for reliable performance from the XRP Ledger commun...

Eclipse Labs CEO Steps Down After Sexual Misconduct Allegations Surface

Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X, former...

Revolut X, New Cryptocurrency Exchange Platform, to List Dash

The Dash community has revealed on social media that the coin will be included in the trading options on Revolut X, the new cryptocurrency exchange platform by Revolut. This development expands Dash’s reach to Revolut’s rapidly growing us...

Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction

A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abdu...

Jack Dorsey Forecasts Bitcoin to Reach $1 Million by 2030

Twitter co-founder Jack Dorsey predicts that the price of Bitcoin could hit at least $1 million by 2030, suggesting its value may grow even further thereafter. In an interview, he expressed his enthusiasm not just about Bitcoin’s potential for...

Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever

Pantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the platform’s large user base and potential for fostering cryptocurrency adoption and innovation in decentralized finance. Th...

Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner

Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an industry-leading...

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions fro...

Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto

Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March...

Agridex Raises $5 Million to Expand Agricultural Tokenization on Solana

In a recent funding initiative, the Solana-based Agridex project secured $5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops...

Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme

Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used th...

Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle

Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some of...

Binance Fined Over $4 Million in Canada for Money Laundering Violations

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has imposed a fine of C$6 million on crypto exchange Binance for failing to comply with anti-money laundering and terrorist financing laws. This penalty, equivalent to approx...

Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements

Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is a...

Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards

Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by mak...

CoinPoker Kicks Off Top Crypto Poker MTT Series Of 2024 – $25M In GTD Prize Pools May 5-26

Blockchain-based online poker platform CoinPoker launched the biggest crypto poker tournament of the year on May 5th – the CSOP Plus (CSOP+). With an incredible total guaranteed prize pool of $25 Million, this tournament promises to be a thril...

Swing State Voters Highlight Cryptocurrency as a Key Issue for 2024 Elections, Survey Finds

A recent survey conducted by The Harris Poll and commissioned by Digital Currency Group (DCG) reveals that cryptocurrency is emerging as a critical issue among voters in key swing states. Over 20% of respondents from states like Michigan, Ohio, and P...

Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play

Jan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold p...

EU Regulator Considers Crypto Inclusion in €12 Trillion UCITS Funds

The European Securities and Markets Authority (ESMA) has initiated a call for evidence to explore the potential inclusion of new assets, including cryptocurrencies, in UCITS funds, which represent a major share of EU retail investments. UCITS, an acr...

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