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Bitcoin News
Bitcoinist
2w
264
Image Credit: Bitcoinist
US Lawmakers Question SEC Acting Chair About Trump’s Crypto Ventures In New Letter
- Two Democrat US Lawmakers sent a letter to the SEC acting chair, Mark Uyeda, inquiring about President Donald Trump’s crypto businesses and potential conflicts of interest.
- The lawmakers raised concerns about Trump's financial ties to the crypto industry through World Liberty Financial (WLFI) and its influence on the SEC's decision-making.
- The letter referenced a Reuters investigation that claimed Trump Jr. and Eric Trump are directly affiliated with WLFI, with the potential to benefit up to $400 million from their crypto venture.
- Senator Warren and Representative Waters requested the SEC to provide records and communications related to WLFI and the SEC's decision to pause its case against Tron founder Justin Sun.
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Bitcoinsensus
2w
142
Image Credit: Bitcoinsensus
XRP Price Prediction: Will This Bounce Hold?
- XRP recently bounced off the M30 demand zone, indicating potential buying pressure. However, more confirmation is needed for a bullish trend reversal.
- Watch out for liquidity sweeps on lower timeframes (M5/M15) that could precede the real direction of price movement.
- Key levels to monitor include the supply zone above and the liquidity below, as they will determine the next move for XRP.
- Traders should wait for structural shifts on lower timeframes (M5/M15) before entering positions to ensure a strong breakout.
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Coindoo
2w
51
Image Credit: Coindoo
Bitcoin: Here is Which Level Could Signal Bullish Reversal
- Bitcoin remains at high risk of falling in value, according to DonAlt.
- Bitcoin is in a critical territory that could lead to a sharp decline or brief surge.
- If Bitcoin surges past $90,000 and maintains momentum, it could signal a stronger bullish trend.
- DonAlt suggests a favorable risk-to-reward ratio for a bullish scenario with an entry point near $90,000 and a target above $110,000.
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Coin Telegraph
2w
30
Image Credit: Coin Telegraph
US court fines UAE crypto firm CLS Global $428K for wash trading
- Crypto financial services firm CLS Global has been fined $428,059 by a US court for wash trading.
- The court also barred CLS Global from offering services in the US for three years.
- CLS Global pleaded guilty to fraudulent manipulation of crypto trading volume and wire fraud.
- The charges followed an undercover operation involving the FBI's 'trap token' NexFundAI.
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Livebitcoinnews
2w
142
Image Credit: Livebitcoinnews
Kadena Solves Ethereum Scalability with Chainweb EVM
- Kadena, the industry leader in scalable blockchain technology, has announced Chainweb EVM with the addition of 20 EVM-compatible chains to its multi-chain network.
- Chainweb EVM positions Kadena as a decentralized alternative to Ethereum Layer 2s, with near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security.
- Builders can deploy and scale dApps with Solidity smart contracts and leverage EVM tooling natively, all while benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure.
- Kadena's vision for Chainweb EVM is to provide a long-lasting settlement platform with security, efficiency, and cost-effectiveness for the world.
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Coinpedia
2w
415
Image Credit: Coinpedia
Why Is Bitcoin Mirroring the Stock Market Crash? Michael Saylor Explains
- Following Donald Trump's tariff announcement, both stocks and Bitcoin experienced declines while gold surged.
- Michael Saylor suggests that Bitcoin's correlation with the stock market is temporary and driven by its liquidity during panic selling.
- Despite short-term volatility, Bitcoin outperformed traditional assets like stocks and gold significantly in 2024.
- Bitcoin's price surged in late 2024 and early 2025, hitting an all-time high before facing a drop following Trump's tariff policy introduction.
- Saylor argues that Bitcoin's current connection to stocks is a short-term reaction due to its high liquidity and availability for trading during panics.
- He believes that Bitcoin will remain a non-correlated asset independent of traditional markets in the long term.
- In 2024, Bitcoin's value soared by 121.1%, outpacing the gains of the S&P 500, Nasdaq 100, and gold, highlighting its long-term potential.
- While short-term volatility may link Bitcoin to stock market movements, historical data suggests its ability to assert independence as a financial asset.
- Experts see the recent drop in Bitcoin's price post-tariff announcement as a temporary trend due to market-wide risk aversion.
- Market analysts anticipate a potential rebound for Bitcoin if market uncertainty alleviates, with a key resistance level eyed at $2,400.
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Coinjournal
2w
211
BTC ETFs see nearly $100M in outflows amid post-tariff volatility
- BTC ETFs saw outflows worth close to $100 million on Thursday.
- The only ETF that saw an inflow on Thursday was BlackRock’s IBIT with a net inflow of around $65 million.
- Grayscale Bitcoin Trust registered the biggest outflow of around $60 million.
- BTC ETFs have seen a total net outflow of around $98 million this week.
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Coin Telegraph
2w
380
Image Credit: Coin Telegraph
How to sell crypto via MetaMask: A beginner’s guide to cashing out
- Not all tokens can be sold immediately, especially airdropped or obscure tokens that may lack liquidity or be scams.
- Swapping and bridging may be necessary to sell tokens via MetaMask, converting them to ETH or stablecoins and bridging to the Ethereum mainnet.
- MetaMask integrates fiat off-ramps, allowing users to sell ETH directly, but KYC with third-party providers may be required.
- Non-KYC and P2P options like Bisq or LocalCoinSwap exist for trading without ID, but caution is advised due to higher risks.
- Various ways may lead to having different cryptocurrencies in a MetaMask wallet, such as receiving tokens as payment or from DeFi activities.
- Before selling tokens on MetaMask, check if airdropped tokens can be sold, add missing tokens manually, and be ready to swap or bridge them for cash.
- Selling crypto via MetaMask involves using the application's Portfolio feature, choosing a payout method, comparing offers, and completing the sale process.
- Consider withdrawing crypto through centralized exchanges like Coinbase, ensuring KYC verification and paying attention to fees and withdrawal limits.
- Alternatively, peer-to-peer (P2P) trading on platforms like Binance can be done with KYC and escrow protection, providing a direct exchange with other users.
- For those seeking non-KYC options, decentralized P2P platforms like LocalCoinSwap or Bisq offer privacy-focused trading, but caution and due diligence are necessary.
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Blockonomi
2w
82
Image Credit: Blockonomi
Babylon Foundation to Airdrop 600 Million BABY Tokens to Early Bitcoin Stakers
- Babylon Foundation plans to airdrop 600 million BABY tokens to early supporters.
- The largest allocation, 335 million tokens, goes to Phase-1 Bitcoin stakers.
- The BABY token will be used for governance, transaction fees, and network security.
- Babylon previously raised $70 million to make Bitcoin the "backbone of proof-of-stake systems."
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4 Likes
Newsbtc
2w
282
Bitcoin On High Alert: US Recession Odds Top 50% On Kalshi
- The chances of a US recession have crossed 50%, putting Bitcoin on high alert.
- Following President Trump's new tariffs, leading economic trackers have raised their recession probabilities.
- Tariffs could lead to a potential $660 billion annual tax increase on Americans and add 2% to domestic inflation.
- Bitcoin's future is uncertain as market sentiment leans toward a recession, causing investors to reconsider their 'buy the dip' approach.
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16 Likes
Bitcoinist
2w
392
Image Credit: Bitcoinist
Bitcoin Joins The Game: Japanese Company Unveils Plans To Buy Crypto
- Japanese game developer, Enish, plans to buy Bitcoin worth 100 million yen to better understand blockchain technology.
- Enish aims to gain new insights for their technical teams and improve game development and overall business operations.
- The purchase will take place between April 1 and April 4, 2025, through normal market buys on Japanese cryptocurrency exchanges.
- Enish's move to buy Bitcoin aligns with their asset management strategy and follows the trend of other companies diversifying into Bitcoin.
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Blockonomi
2w
385
Image Credit: Blockonomi
Bitcoin-Native Startups See 27.5% Deal Growth Despite Capital Decline in 2024
- Bitcoin-native startup funding deals increased 27.5% in 2024 despite total capital falling 22.1%
- Pre-seed transactions grew by 50% while Series A deals rose 60% year-over-year
- Total funding for Bitcoin-native startups reached $234 million in 2024
- Bitcoin startups represent only 2.34% of crypto venture deals despite Bitcoin holding 62% market dominance
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Blockonomi
2w
160
Image Credit: Blockonomi
Trump Tariffs Impact Bitcoin Market as Analysts Predict $250,000 Price Target
- Trump's new tariffs are causing market uncertainty, but Arthur Hayes predicts it could benefit Bitcoin.
- Bitcoin needs to maintain a $76.5K support level until Tax Day on April 15, according to Hayes.
- Bitcoin experienced a 12% decline in Q1, its worst performance since Trump took office.
- Hayes forecasts Bitcoin could reach $250,000 by 2025 if the Fed adopts quantitative easing.
- Grayscale's ETF filing and Circle's upcoming IPO are significant institutional developments in the crypto space.
- New tariffs imposed by the Trump administration have led to initial market volatility.
- Hayes views the tariffs as potentially positive for Bitcoin, expecting global imbalances to be corrected with printed money.
- Bitcoin's price dropped since Trump's inauguration, currently trading around $83,000.
- The tough tariff on China could drive Chinese investors towards Bitcoin as a store of value.
- Hayes believes Fed easing and rate cuts are crucial for market recovery and Bitcoin's growth.
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9 Likes
Coindoo
2w
384
Image Credit: Coindoo
Crypto Company Ordered to Sell Bitcoin Amid Legal Battle
- A legal battle has placed severe financial restrictions on a crypto company, preventing it from raising funds and acquiring Bitcoin.
- The U.S. District Court for the Southern District of New York granted a preliminary injunction, blocking the company from generating revenue through stock sales.
- A Temporary Restraining Order (TRO) has been issued, forcing the company to liquidate its Bitcoin reserves.
- The legal battle and court order have led to a significant decrease in the company's Bitcoin reserves and stock value.
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Hackernoon
2w
43
Image Credit: Hackernoon
Bitcoin vs AI is a Good Fight for Bitcoin
- The potential battle between Bitcoin and AI is likened to a significant cyberspace showdown with global economic implications.
- Drawing parallels to the 'Kasparov vs The World' chess game, the article emphasizes the importance of human intellect over AI in strategic decision-making.
- It warns against incorporating AI-generated code in Bitcoin development, highlighting the risks of AI dominance in fundamental aspects like coding and software updates.
- The article delves into the power dynamics between AI and the state, illustrating how AI's capabilities can be exploited for centralized control and surveillance.
- Highlighting the significance of human data and financial resources as fuels for AI's operation, the article discusses the potential dangers of AI manipulation by powerful entities.
- Emphasizing the need to control AI's access to resources, particularly money, the narrative underscores the importance of leveraging Bitcoin's financial power to potentially counterbalance AI dominance.
- The article suggests that Bitcoin's significant financial backing over the years could provide leverage against AI's potential hegemony, advocating for strategic defunding of AI initiatives.
- Drawing a distinction between AI's need for data and money and Bitcoin's financial strength, the article proposes a strategic stance against feeding AI's resources.
- In discussing the dynamics between money and intelligence, the article implies that AI's success is limited without access to substantial financial resources like those embodied by Bitcoin.
- With a cautionary tone urging restraint in empowering AI excessively, the article portrays Bitcoin as a strategic asset in potentially mitigating AI's unchecked growth and control.
- Ultimately, the article paints a picture of a complex interplay between AI, money, and power, championing Bitcoin as a potential counterbalance to AI's escalating influence in various domains.
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