Category : Bitcoin.com

Bitcoin.com

123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid

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As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’

The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.” Dogecoin developers are in th...

US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors

A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced...

Jack Dorsey’s Square Building Bitcoin Hardware Wallet to Make Crypto Custody More Mainstream

Jack Dorsey’s payments company, Square Inc., has confirmed that it is building a bitcoin hardware wallet and service with the aim to “make bitcoin custody more mainstream.” Square’s Bitcoin Hardware Wallet in the Works Square...

After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Customer Protection

Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers re...

93K Users Scammed Into Buying Fake Cryptocurrency Mining Apps

Thousands of users were scammed into buying fake Android cryptocurrency mining apps, according to a California-based security firm. These apps are advertised as a way of earning money via mining cryptocurrencies, but in actuality they don’t per...

Ethereum’s London Hard Fork Scheduled to Commence on August 4

The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain....

Using Decentralized Digital IDs and Blockchain to Help Millions in Africa Get Identified

With over 1.3 billion inhabitants, Africa accounts for over 16% of the world’s population. However, the continent still falls short when it comes to providing its residents with legitimate or government-issued identification documents. As some...

Binance CEO Changpeng Zhao Ponders Regulation: ‘Compliance Is a Journey’ in Crypto

Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are...

Israeli Knesset Creates Special NFT for New President Isaac Herzog

Israel’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in e...

11% of Central Bankers Consider ‘Cryptocurrencies Like Bitcoin’ Gold Alternatives: UBS Survey

A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central Bankers Se...

Yield App Launches DeFi Bitcoin Fund, Gives Users up to 12% APY

PRESS RELEASE. ESTONIA — JULY 8, 2021 — YIELD App, the decentralized finance (DeFi) wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Bitcoin Fund, allowing users to earn high-in...

Visa and 50 Crypto Platforms to Enable Cryptocurrency Payments at 70 Million Merchants

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Crypto Exchange Binance.us Hires Former Financial Regulator

Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big ques...

OVR and the Future of Augmented Reality Chats

It was announced today that OVR, a mobile app linked to the world of blockchain and NFTs, is heading towards a new front, that of augmented reality chats. In fact, the new update of the app, available for both iOS and Android, promises AR face-to-fac...

Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion

The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a val...

Shibaswap Dex Captures $1.5 Billion Locked in 2 Days, SHIB Platform Bumps ETH Fees Higher

The crypto asset shiba inu (SHIB) now has a decentralized exchange (dex) platform called Shibaswap and since the trading protocol’s launch, the dex has $1.55 billion total value locked (TVL). The SHIB-fueled dex has a lot more liquidity than mo...

EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest

The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocu...

US Senator Warren Presses SEC to Use ‘Full Authority’ to Regulate Cryptocurrency Trading

U.S. Senator Elizabeth Warren has warned of the growing risks of cryptocurrency trading. She recently called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority to address these risks,” adding that “Congr...

Bitcoin Sinks Below $33K, Analyst Says BTC at ‘Dangerously Low Levels’ While ETH Rests at ‘Comfortable Levels’

Bitcoin and a number of popular digital assets have been dropping in value over the past 24 hours, as bitcoin has slipped below the $33K handle. The entire market capitalization of all 10,000+ crypto assets in existence has shed billions during the o...

Revolutionary Ecosystem Developed by Synapse Network Opens up Cross-Chain Investment Opportunities

Synapse Network is developing the first cross-chain investment ecosystem based on blockchain technology. It will offer five cross-chain products for the cryptocurrency sector, including a DEX and DeFi marketplace, saving a lot of time and effort to e...

Argentine Lawmaker Presents Bill Enabling Workers to Receive Salary in Cryptocurrency

A bill has been introduced in Argentina to allow workers to receive their salaries in cryptocurrency. He explained the idea is that workers “can strengthen their autonomy and conserve the purchasing power of their remuneration.” Argentin...

South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law

A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravent...

Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform

Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic. Anthony Ho...

Russia Drafting Law on Confiscation of Crypto Assets

Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is pr...

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