Saturday , July 20 2024
Home / Live Bitcoin News (page 31)

Live Bitcoin News



Articles by Live Bitcoin News

Terraform to Settle with the SEC for $4.5 Billion

June 14, 2024

Terraform Labs, the infamous company behind the Terra stablecoin collapse, has agreed to settle with the US Securities and Exchange Commission for $4.5 billion. Simultaneously, Do Kwon, Terraform’s disgraced founder, and others involved will be banned from ever operating ventures in the crypto industry. A New York judge approved this settlement.
A press release issued by the SEC read, “The Securities and Exchange Commission today announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unraveled.”
Terraform will pay $3.6 billion in disgorgement, with Kwon personally liable in

Read More »

Crypto Taxes Have to Wait, Regulations May Come Soon in Turkey

June 6, 2024

Turkey is not going to impose taxes on profits from trading crypto assets and stocks, clarified an official from the country’s finance ministry. The clarification comes after news reports mentioning Ankara’s plans to impose crypto taxes started making rounds few days ago.
According to news reports from earlier this week, Mehmet Simsek – Turkey’s treasury and finance minister announced plans to put the country on the path of economic recovery.  Taxing income from cryptocurrency and stock market trades was reported as one of the measures under consideration to establish new revenue streams. These reports led to confusion among the country’s crypto community due to lack of clarity regarding crypto taxes.
In fact, up until 2008, gains from trading stocks on the Istanbul Stock Exchange were

Read More »

Bitpanda and Deutsche Bank Take their Relationship to the Next Level

June 5, 2024

Bitpanda, one of the leading European crypto trading and brokerage platforms has announced that it has deepened its relationship with Deutsche Bank. The latest development allows the Austrian crypto platform to offer a better experience to its users, especially those in Germany.
The relationship between Bitpanda and Deutsche Bank is not exactly new. Deutsche Bank has been acting as the former’s European Hausbank for cross-currency solutions in Austria and Spain for a while now. The latest development allows Bitpanda to make use of the German bank’s API-based account solution to issue local IBANs for users in Germany.
Using local IBANs will make transactions in and out of the platform a lot quicker and more convenient. It also signals Deutsche Bank’s receptiveness towards crypto assets and

Read More »

Worldcoin Halts Operations in Spain Upon Data Watchdog’s Pressure

June 4, 2024

Tools for Humanity Corporation, Worldcoin’s parent company, has reached an agreement with the Spanish Agency for Data Protection (AEPD) to stop its operations until the end of 2024. The stoppage of operations comes due to growing concerns about its data storage and usage practices among regulators.
Worldcoin faces rising friction from regulators due to its policies surrounding the use of personally identifiable information, like facial patterns and iris scans. It offers users the WLD token in exchange for using it to create digital identities – the only caveat is that it stores scanned information for up to 10 years.
Data regulators worldwide are raising red flags about Worldcoin’s operations and policies due to concerns about unethical usage of such sensitive information. The threat of a

Read More »

Roaring Kitty Returns to Send GameStop Stock Soaring

June 4, 2024

Keith Gill, more popularly known online as ‘Roaring Kitty’, returned to Reddit after a long-tenured absence to let users of the r/Superstonk subreddit know about their recent $115.7 million worth purchase of 5 million GameStop (GME) stocks. They are often attributed as the user that facilitated the GME short squeeze that sent GME stocks surging at a time when institutions were short-selling the stocks.
This unforgettable phenomenon occurred during the COVID-19 pandemic on r/wallstreetbets and gave rise to the term ‘meme stocks’. Another meme stock of the time was AMC – its price, too, was driven to the moon in 2020, alongside GME’s price.
If the hype-driven investing pattern seems familiar, it is because it is. Crypto degens often do the same with memecoins, driving up hype and, in turn,

Read More »

Polygon Labs Acquires Third ZK Startup, Taking Its ZK Investments to over $1 Billion

June 4, 2024

Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup, which has been working on its type 1 prover technology for some time now. The acquisition comes as Polygon Labs’ third one – it has acquired Mir Protocol and Hermez Network. It paid over $650 million in total for both those projects. With the Toposware acquisition, Polygon Labs’ investments in the ZK ecosystem go beyond the billion-dollar mark.
The company has focused on delivering scalable technologies to improve the user experience on the Ethereum network, enabling users to witness faster transactions and pay lesser gas fees. Developers, too, benefit from its scalability solutions by way of deploying high-execution dApps (decentralized applications) and bringing innovation. Polygon has brought a scalable environment

Read More »

Epoch Times CFO Bill Guan Charged for Allegedly Laundering $67 Million Worth Illicit Funds

June 4, 2024

Weidong Guan, who also goes by Bill Guan, was charged by the Department of Justice (DoJ) for participating in a scheme that laundered $67 million in illicitly obtained funds. The scheme depended on cryptocurrency and prepaid debit cards to funnel funds into Epoch Times’ bank accounts as well as Guan’s personal bank and crypto accounts.
The Epoch Times is a global media platform catering to conservative audiences and is often known for bashing the Chinese government. However, the media outlet was not named in the indictment – it was referred to as Guan’s place of occupation where he serves as the CFO.
In a press release, the DOJ stated, “From at least in or about 2020, through in or about May 2024, GUAN, while working as the Chief Financial Officer of a multinational media company

Read More »

First of its Kind Spot Bitcoin ETF (IBTC) with Direct Bitcoin Holdings Live in Australia

June 4, 2024

The first-ever spot bitcoin ETF starts trading today in Australia. Listed on Cboe Australia, the Monochrome Bitcoin ETF (IBTC) is managed by Monochrome Asset Management Pty Ltd. The Australian Securities & Investments Commission (ASIC) approved the exchange-traded product sometime during the first quarter of 2024.
With the listing going live on June 4, 2024, IBTC becomes the first ETF on Cboe to offer investors direct exposure to bitcoin in a completely regulated setting. According to Monochrome’s description, IBTC’s objective is to provide investors with a return that tracks BTC price in AUD.  This is achieved by following a straightforward investment strategy of buying and holding BTC over the long term without using derivatives, leverage, short selling or any other investment strategies

Read More »

MicroStrategy and Founder Michael Saylor Reach $40 Million Settlement on Tax Suit

June 3, 2024

Michael Saylor, Founder and Executive Chairman of MicroStrategy and avid bitcoin supporter, and his company have settled with the District of Columbia for $40 million on what is being called the biggest-ever tax fraud recovery in the district. The District of Columbia brought the suit in 2022 – the first-ever lawsuit filed under the False Claims Act, which accused Saylor of evading taxes while he resided in the district.
DC officials claimed he evaded paying taxes for the 10-year period he resided there, amounting to $25 million, and that MicroStrategy helped him steer clear of the taxes. Saylor had to step down as CEO of the tech company when he was sued close to two years ago and was looking at a penalty of up to $75 million.
He has maintained that he never resided in DC. “Florida

Read More »

US President Joe Biden Signs Veto Repealing SEC Guidance

June 3, 2024

US President Joe Biden signed a veto to stop a resolution from overturning the Staff Accounting Bulletin No. 121 (SAB 121) of the SEC (Securities and Exchanges Commission) on Friday, riling immediate contention from the crypto industry.
The resolution to rescind the SEC’s guidelines saw bipartisan support in both the Houses of Congress – the House of Representatives and the Senate, with them voting 228 to 182 and 60 to 38, respectively, to repeal the bulletin. SAB 121 is an accounting guideline instructing financial institutions dealing with crypto to record digital assets as liabilities, forcing these investors to keep the assets on their balance sheets.
The legislation poses hurdles to institutions wanting to deal with digital assets, straining their working relationships with crypto

Read More »

Notorious OneCoin Promoter, Ruja Ignatova Back in News – Dead or Not?

June 3, 2024

There are too many scams in the crypto industry, some more serious than others. OneCoin is one such infamous scam that put its founder Ruja Ignatova, on the FBI’s most wanted list. However, the Bulgarian Cryptoqueen has been elusive to law enforcement authorities since 2017, leading to many speculations on whether she is still alive or not.

The OneCoin Ponzi scam defrauded investors of over $4.5 billion by projecting it as the next big cryptocurrency after Bitcoin. Introduced in 2014, OneCoin was portrayed as a decentralized crypto asset with lots of transaction activity, while in reality, it operated on a centralized system with lots of false entries.
With multiple ‘wo’manhunts by law enforcement agencies to discover the whereabouts of Ruja Ignatova not bearing any fruit, speculations

Read More »

BEFE Coin: The Meme Hype Sensation Propelling Crypto Enthusiasm

May 9, 2024

BEFE is a respected meme token today because it’s one of the few memecoins that’s currently becoming a meme hype sensation that’s cultivating crypto enthusiasm through strong community support and a unique selling point. Unlike many known meme tokens, BEFE actually has and offers many amazing chances that are slowly building into a phenomenon and industry standard of what to expect from actual memecoin.
With BEFE also integrating NFTs and decentralized finance applications, it has continuously become clear that BEFE can build a unique crypto enthusiasm around its unique offering and price value.
BEFE’s performance and rising adoption in many real-world usage scenarios are due to its unique approach to environmental safety concerns. Also, BEFE is set to do more

Read More »

Bitcoin’s Halving Aftermath: Unveiling Market Shifts and Protocol Innovations

May 9, 2024

Charting a Course in the Aftermath of Bitcoin’s Halving: Opportunities and Challenges Ahead
The crypto market witnessed a flurry of historic events throughout April, setting the stage for potential shifts in the digital asset landscape. Amidst geopolitical tensions and U.S. macroeconomic uncertainties, the month unfolded with significant developments that captivated investors worldwide.
Bitcoin’s Fourth Halving: A Consolidating Market
April marked the long-awaited fourth halving of Bitcoin, reducing block rewards and ushering in a new era for miners. Bitcoin has been oscillating between $59,000 and $73,700, and repeatedly testing the crucial $60,000 support level. Concurrently, ETF outflows totaling $340 million underscored the market’s cautious sentiment amid

Read More »

Positive Outlook: Bitgert Coin Price Surge Expected This Week

May 9, 2024

Bitgert is taking shape and looking good to set off to a new height in terms of value. It’s recorded some impressive positive movement in the last few weeks. It is one of the few projects that performed well in the brief dip that the crypto market experienced in the past week.
Its strength is due to the provision of utilities that investors find essential to their survival in the blockchain sector. With this in place, demand for it has been on the rise, which triggers the movement and gives investors a reason to invest in the project.
In this article, we will examine the utilities that are giving Bitgert its positive outlook and triggering the expected surge in value this week.
Recent Partnerships, Pushing Bitgert’s Value Higher This Week
Bitgert understands

Read More »

Crypto Experts Bullish on Bitgert Coin: +500% Price Increase Imminent

May 7, 2024

Recent price trends from last week have set the crypto market on a bullish uptrend, and there’s growing anticipation among investors.
While it’s still early days and there’s still some bit of volatility in the market, the best investors know now is the best time to do their homework on the most promising coins, because there is always something more for early birds on these projects.
Crypto experts have been keeping a close eye on Bitgert Coin (BRISE), especially given its resilience in past bear markets.
Many experts are tipping Bitgert Coin for a 500% rally, and we believe the bullish prediction is not a stretch, given the exciting features and partnerships on the project. We have more insights on the Bitgert project for you.
Bitgert Coin’s Performance in the

Read More »

Ready to Explode: Analysts Predict BEFE Coin Price Surge Exceeding 2000%

May 7, 2024

The meme coin market is now again getting popularized by the recent achievement of Bitcoin’s ETF. Ever since Dogecoin started booming through Elon Musk’s tweets and an increase in value of 2,000% in a short period of time, there has been a second wave consisting meme coins with substance.
The Ascent of BEFE: A Meme Coin that Actually Has Worth
In this sector driven largely by hype and influencers, BEFE Coin offers something different. It gained lots of attention as it was launched fairly without any pre-sale or tax. But what makes BEFE unique among other suchlike coins is the fact that it has use cases – which is very rare for them. By staking the famous Bitgert coin, investors can earn BEFE thereby giving real world value to its meme-based foundation.
Why

Read More »

BEFE Coin: Today’s Prime Meme Coin Choice for Astute Investors

May 6, 2024

While Bitcoin and other major altcoins like Ethereum are slowly beginning to make a strong comeback in the market, many top DeFi projects are still finding it hard to match their previous highs. Surprisingly enough, meme coins are the ones doing really well even in these market conditions. Some of them are even delivering impressive results and outsized returns to investors. Leading this charge is the BEFE Coin.
BEFE Coin: A New Wave in the Crypto Market
The year 2023 saw the emergence of BEFE Coin, which startled everyone because of its disruptive strategies right from the start.
Distinctive Identity: The name ‘BEFE’ goes against the grain of typical meme coins which suggests a different and fun-loving approach.
Radical Equality: Allotting every one of its 100

Read More »

Elevated Outlook: Bitgert Coin Price Forecast Points to Soaring Heights

May 6, 2024

The market condition this past week has been somewhat unstable. There have been fluctuations and declines in top assets. This is due to the market correction. There have been some struggles in the bull and bear market which caused the volatility as coins struggle to regain their position and maintain balance.
Despite all these factors, one project has proven to be a good investment for various investors – Bitgert BRISE.
This project was successfully able to overrun the bearish market and even delivered profits to investors whilst other altcoins were in a decline. This captured the interest of experts and new investors.
Let’s find out what makes Bitgert so popular.
Bitgert BRISE: A New Era For DeFi Dominance
Bitgert is an early crypto engineering layer 1

Read More »

Viral Cardano (ADA) Alternative That Exploded 5000% in Under a Week Will Soar Another 50x in Next Leg Up, Reckons Top Analyst Who Predicted Solana (SOL) Collapse in 2022

May 6, 2024

Cryptocurrency markets thrive on volatility and the occasional emergence of a meme coin that defies expectations. Enter Hump (HUMP), a viral contender poised as an alternative to Cardano (ADA).  In a matter of days, this burgeoning sensation experienced a meteoric rise of 5000%, delivering substantial profits to early investors and leaving onlookers astonished. Now, a renowned analyst, renowned for accurately forecasting Solana’s (SOL) downturn in 2022, has thrown their support behind Hump, suggesting that it could surge another 50 times in the “next leg up.” Let’s delve deeper into this remarkable narrative, exploring the factors driving Hump’s rapid ascent and the potential for a future rally of 50x.
The Viral Explosing of Hump (HUMP)
HUMP isn’t your average

Read More »

Solana Meme Coin That Dominated Top Gainer Charts in April Gears Up for Major Rally, Set to Hit $0.5 By the End of Q2 2024 from Under $0.01 Today

May 6, 2024

The different cycles of the cryptocurrency market live on surprising tales, and April 2024 is no exception. Hump (HUMP), a meme coin that is relatively new to Solana and is presently trading for less than $0.01, has swept the market and dominated top gainer charts all month long. Excitement has surged to the surface because of Hump’s rapid climb and rumours of a possible leap to $0.5 by the end of Q2. Let’s examine this compelling narrative in more detail, as well as the reasons behind Hump’s market supremacy, the viability of a $0.5 price objective, and the enormous return on investment that could arise in the upcoming months.
HUMP’s Allure on Solana
With immense promise, Hump is a recent addition to the cryptocurrency landscape. Its features, which are based

Read More »

BlockDAG Introduces New Payment Methods and a $100M Liquidity Plan, Outshining Aave and The Graph

May 4, 2024

BlockDAG has raised the bar in the cryptocurrency market by launching new payment options and implementing a strategic $100 million liquidity plan. These developments position BlockDAG ahead of notable players like Aave, known for its decentralized lending, and The Graph, recognized for its blockchain data indexing capabilities, with the presale gaining over $22.4 million it shows the market confidence investors have in BDAG.
Aave Stands Firm with Decentralized Lending Innovations
Aave continues to attract traders with its robust decentralized lending platform, allowing users to borrow and lend digital assets effortlessly. Despite fluctuations in its price, ranging from $73.4 to $130.2, Aave maintains a strong market presence with a valuation of around $1.2

Read More »

BlockDAG: Will the 2024 Forbes Leak Propel It Skyward? Accidental Exposure Boosts Daily Inflow

May 4, 2024

The world of cryptocurrency is defined by its capacity for disruption. Like decentralized finance, which aims to transform how transactions are handled, the sector often emerges shrouded in mystery. Comparable to the enigmatic street artist Banksy, whose identity still captivates the public, various crypto projects also maintain an air of secrecy about their founders. BlockDAG, a burgeoning blockchain initiative, represents this intriguing fusion of anonymity and innovation.
BlockDAG’s path suggests a meticulously planned treasure hunt. It captivates with cryptic hints and the promise of influential support. The project’s notable feature, its Directed Acyclic Graph (DAG) structure, pledges transaction speeds that could surpass those of conventional blockchains

Read More »

Top Crypto to Buy in Presale: BlockDAG Aims $30 Pricing by 2030, Beats TON Price Stability and LTC Volatility

May 4, 2024

Discerning crypto investors are constantly seeking promising opportunities with substantial long-term benefits. Among the top contenders, BlockDAG has become a compelling investment, notably outpacing Toncoin’s (TON) stability and Litecoin’s (LTC) volatility. With an impressive presale haul of $22 million, BlockDAG is not just participating in the market; it’s leading it. Poised to reach a target price of $30 by 2030, the project introduces a strategic vesting period, enhancing market stability by gradually releasing coins. This method aligns investor commitment with BlockDAG’s long-term success. Coupled with its integration with the Ethereum Virtual Machine (EVM), BlockDAG offers both innovative technology and a robust growth plan, making it the top crypto to

Read More »

The Pump Phenomenon: BEFE Coin Price’s Upward Trajectory

May 4, 2024

Not many altcoins can make it to the market headlines as BEFE did. The coin has now become a frenzy amongst the investor community due to its innovative and eccentric ecosystem. Let’s explore BEFE more to discover the reasons behind its rising fame.

Meme coins have likely taken up most of the cryptos in the market in the wake of their funny origins and impassioned online communities. From the first-ever meme coin, Dogecoin, it became a great opportunity for investment when humor and finances can be combined. BEFE, the newest entrant in this space, promises to be the ultimate meme king.

BEFE comes with a refreshing focus on transparency and community-driven growth, and the tokenomics reflect just that. The total supply of BEFE tokens stood at 100 billion, was

Read More »

May 2024’s Crypto Marvel: Bitgert Coin’s Ascendancy

May 4, 2024

Bitgert coin is the center of attraction in the cryptocurrency ecosystem as demand for it has skyrocketed massively recently. This increased demand has been observed with the spectacular uptrend which this coin has experienced recently.
It’s got features that makes blockchain experience seamless in all aspects and this is why many crypto investors find it comfortable to use. This has made Bitgert the marvel of the industry with investors enjoying every bit of its offerings.
In this article, we will look critically at the reasons this is happening and how it has impacted the crypto space positively.
Scalability Of Bitgert, Marveling To Investor In the Industry
Bitgert’s scalability has been totally exceptional as it is the best solution to financial backers

Read More »

May 2024: Bitgert Coin’s Unstoppable Crypto Momentum

May 4, 2024

Another week has passed as the market continues to bleed. For most of the just concluding week, Bitcoin and Ethereum recorded major declines before recent price upticks. Hence, traders and investors are mitigating risk and turning heads towards more profitable options like Bitgert in the market.
Bitgert, an innovative crypto project, has become an unstoppable force in the market, setting new peaks and raking in massive profits for investors. Moreover, experts forecast Bitgert to continue this bullish trend through the second quarter.
As Bitgert continues on this momentum, investors are accumulating Bitgert tokens to offset their losses from April.
Now, let’s review the specifics.
The Overall Market Continues to Bleed
Bitcoin has been dropping to lower lows

Read More »

BEFE Coin Price: Charting the Course Toward the Projected Pump

May 4, 2024

The BEFE coin’s amazing journey so far in the market highlights the unpredictability, of the cryptocurrency industry. Being a simple meme coin, no one expected the BEFE coin to reach as far as it did, and that too in a very short amount of time. However, what were the real reasons for its massive growth in the meme coin market?
Let us check out the factors behind its remarkable growth and why it is considered to be the next big thing when it comes to meme coins.
Meme Coin Power: A Force in Crypto
In recent years, meme coins have emerged as a dominant force in the crypto landscape, fueled by internet culture and communities. The BEFE coin stands out from the crowd with its distinct take on tokenomics. Launched without a traditional presale, it challenged

Read More »

BlockDAG Doxxed: Forbes Mishap Creates Market Frenzy as Presale Gains Traction from Crypto Investors

May 4, 2024

BlockDAG, a cryptocurrency project, has recently gained significant attention due to an accidental leak concerning an advisory board member named Charlie Lee. This incident, publicized by Forbes, has sparked widespread speculation and interest in the crypto community. As a result, BlockDAG‘s presale has seen a dramatic increase, with funds raised exceeding $22.2 million. This surge is bolstered by the project’s innovative integration of blockchain and Directed Acyclic Graph (DAG) technologies, promising enhanced security and high-speed transaction capabilities.
Surge in BlockDAG’s Market Presence Following Accidental Exposure
The revelation of Charlie Lee’s rumored involvement with BlockDAG by Forbes has intensified the cryptocurrency community’s focus on the

Read More »

Top 4 Cryptos to Add to Your Portfolio: BlockDAG’s 30,000x ROI Outshines Aptos, Mantle, and BDJ Potentials

May 3, 2024

BlockDAG is emerging as one of the top 4 cryptos to add to your portfolio, delivering robust technology and presale success. Its versatile ecosystem and scalable infrastructure have attracted over $22 million in presale funding, placing it ahead of competitors like Aptos (APT), Mantle (MNTL), and BDJ.
This presale, alongside its decentralised applications, staking rewards, and low transaction fees, promises investors 30,000x ROI potential, making BlockDAG an ideal addition to any portfolio. Furthermore, its EVM compatibility, decentralised innovations, and secure transaction processing highlight BlockDAG’s robust technology, solidifying its place as a top investment opportunity.
1. BlockDAG: Amassed Over $22 million in Presale
Technology and Decentralised

Read More »

BlockDAG’s Expansion with X30 Rig & New Payment Options Gains $2.3M in Miners’ Sales Alone, Amid Arbitrum’s Instability and Mantle’s Volatile Market

May 3, 2024

The crypto market continues to experience turbulence, with specific challenges facing Arbitrum and Mantle holders. Arbitrum has grappled with market instability due to frequent token releases, impacting its price negatively. On the other hand, Mantle’s trading environment remains volatile, with a bearish outlook despite some short-lived price rallies.
However, a recent project, BlockDAG is leading the market trends with a remarkable presale success, amassing over $22.3 million, selling 8.4 billion native coins, and boasting an ambitious future valuation of $20 by 2027.
Arbitrum’s Ongoing Struggles with Token Releases
Arbitrum token holders are experiencing declining prices, exacerbated by regular token unlocks that increase market supply and depress prices.

Read More »