Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover

June 10, 2024 Bitcoin.com

Acquisition

Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62% of Bitfarms, made an unsolicited bid to acquire all shares and plans […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

30 Countries Seek to Join BRICS, Russian Ambassador to China Says

June 10, 2024 Bitcoin.com

Bitcoin

Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

6 US Banks Face Moody’s Downgrade

June 10, 2024 Bitcoin.com

Banks

Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with Standard & Poor’s (S&P) and Fitch Ratings, specializes in providing credit ratings, research, […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

FBI Warns of Rising Government Impersonation Scams Demanding Crypto

June 9, 2024 Bitcoin.com

Bitcoin

The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that federal agencies do not call or email individuals threatening arrest or requesting money. Scammers spoof caller ID information, making fraudulent […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

Ripple Teams Up With Clear Junction for GBP and EUR Payouts

June 9, 2024 Bitcoin.com

Bitcoin

Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines

June 9, 2024 Bitcoin.com

Bitcoin

Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among South Koreans. Available in sizes as small as 0.5 grams and priced at […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison

June 8, 2024 Bitcoin.com

Bitcoin

Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly, amassing millions from his fraudulent activities. Scheduled for sentencing on Sept. 24, […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

Central Banks Boost Gold Reserves by 33 Tonnes in April

June 8, 2024 Bitcoin.com

bitcoin.com

Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central bank’s year-to-date acquisitions to 38 tonnes and raising its overall official gold reserves to […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says

June 8, 2024 Bitcoin.com

Bitcoin

A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […]

Tron is building a gas-free stablecoin solution for Tron, Ethereum chains

Crypto Exchange Bybit Announces Trading Support for Overseas Chinese

June 7, 2024 Bitcoin.com

Bitcoin

Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny. “This move is in response to the growing demand for secure, reliable, and user-friendly cryptocurrency trading platforms among Chinese expatriates and […]

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