Coinbase is raising a red flag over the state of the crypto market, warning that conditions may be slipping into bear territory. However, the U.S.-based exchange remains cautiously hopeful that a turnaround could begin between May and June, potentially setting the stage for a more bullish third quarter. In its ...
New York State Assemblyman Clyde Vanel has introduced Assembly Bill AA7716, which urges the State Board of Elections to explore blockchain technology to protect voters' data and ensure the integrity of election results. The proposed bill aims to assess how blockchain can improve transparency and security within the electoral process. ...
Bitcoin could be on the brink of a breakout as escalating tensions between the U.S. and China revive investor appetite for alternative assets. According to a recent analysis by Singapore-based blockchain firm Matrixport, Bitcoin could mirror its 2015 trajectory when the devaluation of China’s yuan initially led to a BTC ...
A prominent crypto attorney has taken legal action against the U.S. Department of Homeland Security (DHS), demanding the release of documents that could potentially unmask the elusive creator of Bitcoin. James Murphy, known online as "MetaLawMan," filed a Freedom of Information Act (FOIA) lawsuit on April 7, pressing the DHS ...
Tether CEO Paolo Ardoino revealed that the company might explore launching a U.S.-specific stablecoin, contingent upon new regulations that could foster greater competition in the market. In an interview with the Financial Times, Ardoino shared that Tether is deeply involved in discussions regarding U.S. stablecoin regulations. He emphasized that the ...
The U.S. Senate has voted to repeal a controversial IRS rule targeting decentralized finance (DeFi) platforms, bringing the measure closer to becoming law. The lawmakers passed the resolution with a 70-28 vote, overturning a regulation that sought to impose tax reporting requirements on DeFi businesses. The decision comes after a ...
Celebrity investor Kevin O’Leary, popularly known as Mr. Wonderful, has expressed optimism about the future of crypto under President Trump’s administration. In an interview with Fox News, the Shark Tank star emphasized that the crypto industry has moved beyond its “cowboy era” and entered a “new phase” characterized by increased ...
U.S. Congressman Byron Donalds is preparing to introduce a bill designed to safeguard President Donald Trump’s executive order establishing a strategic Bitcoin reserve. The proposed legislation aims to ensure that future presidents cannot overturn the executive order, effectively codifying it into law. According to a Bloomberg report, the bill’s primary ...
A Democratic lawmaker is calling on the U.S. Treasury to abandon plans for a strategic cryptocurrency reserve, citing potential conflicts of interest involving President Donald Trump and arguing that such a move offers no tangible benefits to the American people. In a letter dated March 13, House Representative Gerald E. ...
Tether CEO Paolo Ardoino has pushed back against criticism of the company’s influence on the U.S. financial system, arguing that its massive holdings in U.S. Treasuries contribute to economic stability. Speaking at a Bitcoin Policy Institute event on March 11, Ardoino highlighted Tether’s $115 billion investment in U.S. debt, claiming ...
