Category : Bitcoin.com

Bitcoin.com

Crypto Tycoon Bankman-Fried Seeks Release From Jail Over Trial Prep and Laptop Complaints

Attorneys for fallen cryptocurrency tycoon Sam Bankman-Fried are requesting his temporary release from a Brooklyn jail, arguing that limited access to trial evidence and computers is impeding his ability to prepare his defense. Sam Bankman-Fried̵...

Man Plans to Sue City Over Refusal to Dig for 7,500 Lost Bitcoin in Landfill

James Howells, a bitcoin enthusiast who misplaced 7,500 bitcoin (BTC) in a South Wales landfill, is gearing up to take legal action against the local city council for barring his efforts to unearth the missing hard drive from 2013. This former IT pro...

2023: The Year AI Cryptos Soared, Then Faltered

At the outset of the year, artificial intelligence (AI) cryptocurrencies embarked on a rising journey, recording substantial gains and witnessing a surge in global trade activity. However, as we now traverse the course of time, the AI crypto landscap...

RFK Jr on China and Global Economic Battles; 88,200 Millionaires Got Rich With Crypto, Says Report — Week in Review

The first full week of September is in the bag, and there’s nary a shortage of crypto and economic news from across the globe. In this edition of the Bitcoin.com News Week in Review, RFK Jr. says China doesn’t want a war, but the governme...

Vitalik Buterin’s X Account Hacked to Promote Crypto Scam

The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss...

FTX Looking to Recover Millions Paid to Athletes and Sports Clubs

Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like th...

‘Islamic Coin’s Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa’ — Co-Founder

According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used...

What Are Smart Contracts? Unpacking Today’s Digital Agreements

In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer?...

What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat

Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat mo...

Turkish Crypto Exchange Boss Gets 11,196 Years in Prison

The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found h...

Fed Official: Digital Dollar Decision Still a Long Way Off

The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regard...

Is Ethereum Outshining Bitcoin in Terms of Fees? Crypto Voices Share Thoughts

Lately, the crypto sphere, with bitcoin aficionados in particular, has been buzzing with chatter about the fees pocketed by BTC miners. They’re pondering if these fees will adequately offset the impending 2024 halving and the accompanying drop...

JPMorgan Mulls Blockchain-Based Deposit Token, Report

America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different fro...

Coinbase Seeks Expansion in Markets With Clear Crypto Rules Unlike US

America’s leading cryptocurrency exchange, Coinbase, plans to expand its business in jurisdictions that are adopting clear regulations for the sector. These include markets in Europe, Asia and the Americas as opposed to the United States which, the c...

‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts

Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighte...

SEC Greenlights Nasdaq’s First AI-Powered Order Type

The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aim...

Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%

Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximat...

Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High

Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a one-month hig...

Bitcoin, Ethereum Technical Analysis: Price Movement in BTC, ETH Stalls to Start the Weekend

Bitcoin consolidated for yet another week, as price entered Saturday around the same point at which it stood on Monday. Despite a brief rally on Thursday, which saw the price move above $28,000, the cryptocurrency has largely been unchanged. Bitcoin...

CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of d...

CFTC Commissioner Proposes ‘First-Ever’ US Pilot Program for Crypto Regulation

A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphas...

US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud

A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC wi...

Indonesia Expands De-Dollarization Efforts With National Task Force Formation

Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore an...

Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey

Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained t...

FBI Traces $41 Million Cryptocurrency Theft From Stake.com to Lazarus Group

The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake.com. The FBI has provided a number of Bitcoi...

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