Category : Bitcoin.com

Bitcoin.com

Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance

Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is appro...

Bitcoin Cash Soars 40% in 24 Hours as Market Eyes Upcoming Halving and Adaptive Block Size Upgrade

On Saturday, March 2, the valuation of bitcoin cash witnessed a significant increase, climbing over 40% within a 24-hour span to reach a peak of $451 each. This upward trend is attributed to the anticipated halving event, set to happen in 16 days, an...

Report: Nigerian Government Imposes $10 Billion Fine on Binance

The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major curr...

Marathon Announces Anduro Layer Two Platform to Advance Bitcoin’s Capabilities

Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains desig...

Nigerian Presidential Adviser Assails Binance, Calls for Measures Against the Crypto Exchange

Bayo Onanuga, a special adviser to the Nigerian president, has leveled accusations against Binance, blaming it for exacerbating the local currency’s depreciation against major currencies. Onanuga called for immediate action against Binance, warning t...

Toncoin to Be at the Center of Telegram’s New Ad Monetization Strategy

Toncoin, a top 20 cryptocurrency project, will be used by Telegram, the messaging platform, as a payment tool for its new advertisement strategy. Pavel Durov, founder and CEO of Telegram, stated that toncoin would facilitate payments for customers of...

The Innovative Approach to Address Demand for ZKBase in the Market

PRESS RELEASE. In the Bitcoin ecosystem, projects typically fall into two categories: ‘Asset Issuance Protocols’ and ‘Scalability Solutions’. Project teams usually focus on developing products and solving issues within one...

House Financial Services Committee Advances Bill to Repeal SEC Bulletin Preventing Banks From Offering Crypto Custody Services

The House Financial Services Committee of the U.S. Congress has advanced a resolution that seeks to disavow SEC SAB 121, a bulletin that leaves banks and financial institutions out of the cryptocurrency custody provider market. However, the resolutio...

Robert Kiyosaki Thanks Bitcoin for Challenging US Dollar and Restoring ‘Integrity’ to Money

Rich Dad Poor Dad author Robert Kiyosaki has thanked bitcoin for “kicking the fake U.S. dollar’s butt and bringing integrity back to money.” Kiyosaki has recently been more vocal in urging investors to buy bitcoin. He exp...

Bloomberg Strategist Sees Bitcoin as Global Alternative Currency — Warns Stock Market Drawdown Could Impact BTC

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, says bitcoin is “becoming an alternative currency on a global basis,” noting that “The world’s going towards intangible assets and bitc...

Speculation and Price Models Fuel Bitcoin Bull Market Predictions Amidst Rising Optimism

This week, bitcoin’s value ascended to the vicinity of $64,000, leading to a widespread belief among observers that the bullish trend has officially commenced. Speculation centers on the exact moment this upward trajectory began, given that bit...

Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s...

Satoshi Era Mega Whale Stirs, Shifts a String of 2,000 Vintage Bitcoins in a Single Block Worth $123M

Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this enti...

ftNFT International Awards 2024 Announces Winners at a Glamorous Ceremony in Dubai

PRESS RELEASE. Dubai, UAE (March 1, 2024) – The ftNFT Annual International Awards celebrated the 2024 ceremony on February 27 at Dubai’s iconic Armani restaurant, unveiling this year’s winners. The event, known for its exclusivity and com...

From Low to High — Bitcoin Fees Jump Over 129% in 4 Days

After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 me...

Blackrock’s Bitcoin ETF Single-Handedly Offsets Grayscale’s $600M Outflow — IBIT Now Holds 161K BTC

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), single-handedly offset Grayscale’s bitcoin ETF outflow of $600 million on Thursday. Blackrock’s bitcoin ETF has broken both its trading volume...

Bitcoin Technical Analysis: BTC’s Bullish Rise Continues Amidst Market Optimism

Over the past hour, as bitcoin’s value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21...

Study: Institutions More Bullish on Ethereum in H2 of 2023 — BTC and ETH Holdings Surge to 80%

Between July 2023 and January 2024, the concentration of bitcoin and ethereum in institutional digital asset portfolios increased from 50% to 80%, the latest Bybit user asset allocation report has shown. During this period, institutions appeared to b...

LBank Labs Invests in QED: Unleashing Bitcoin’s Full Potential with Zero-Knowledge Proofs

PRESS RELEASE. LBank Labs has achieved a new milestone by participating in the $3 million funding round for QED. This innovative venture is poised to revolutionize the Bitcoin ecosystem with its groundbreaking zk-Native blockchain protocol. The fundi...

Chamber of Digital Commerce: SEC Actions ‘Pose Separation of Powers and Due Process Concerns’

The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due proce...

Blackrock Launching Brazil’s First Bitcoin ETF

Blackrock is launching Brazil’s first spot bitcoin ETF, the Ishares Bitcoin Trust BDR (IBIT39), on Mar. 1, initially available to qualified investors with plans to eventually open it to retail investors. The ETF aims to provide investors with r...

Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major...

Terraform Labs Founder Do Kwon Faces Extradition Delay in Montenegro Amid SEC Fraud Allegations

Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year...

Ordinals Market Registers Record Sale: Bitcoin Budgie Changes Hands for Over $1.1 Million in BTC

Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin bl...

Peter Schiff Predicts Bitcoin ETF Bubble — Expects BTC to Crash When Gold Breaks Out

Gold advocate and vocal bitcoin critic Peter Schiff has warned of a bubble in bitcoin exchange-traded funds (ETFs) that will burst when gold rallies. Schiff argues that gold will “inevitably” break out, and the price of bitcoin will crash...

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