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Bitcoin News
Coin Telegraph
1w
201
Image Credit: Coin Telegraph
US crypto miners may rush to buy rigs in tariff pause despite ‘clear disadvantage’
- US Bitcoin mining firms plan to buy mining rigs during the recent tariff pause by the Trump administration.
- The baseline 10% tariffs will still put US miners at a clear disadvantage compared to competitors abroad.
- US miners are rushing to import machines ahead of potential future tariff hikes.
- Tariff instability will hinder the growth of US Bitcoin mining industry.
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12 Likes
Cryptonews
1w
319
Image Credit: Cryptonews
Charles Hoskinson Says Bitcoin to Reach $250K in 2025 as Geopolitical Focus Shifts
- Charles Hoskinson believes the move away from rules-based international order to great powers conflict makes a strong case for cryptocurrency as the only viable option for globalization.
- Hoskinson predicts markets will stabilize once people realize the tariff issues are negotiable, followed by Fed rate cuts that will pour cheap money into crypto.
- Hoskinson forecasts market volatility for 3-5 months before a renewed rally starting around August/September that could last another 6-12 months.
- Despite current market turmoil with Bitcoin down 26% from its all-time high and Cardano down 80%, community sentiment for ADA remains strongly bullish.
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19 Likes
Bitcoinist
1w
84
Image Credit: Bitcoinist
Bitcoin Sentiment Notes Drastic Improvement As BTC Recovers To $81,000
- The Bitcoin Fear & Greed Index has experienced a significant jump after the recovery of Bitcoin's price above $81,000.
- The current Fear & Greed Index value is 39, indicating a sentiment of fear among investors, but it has improved from the extreme fear level of 18 observed recently.
- The recovery in the market mood can be attributed to the US President Donald Trump pausing the tariffs, leading to some price recovery in Bitcoin and other cryptocurrencies.
- Bullish sentiment on social media has also increased following the tariff pause news, with positive comments surpassing negative comments for Bitcoin and Ethereum.
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5 Likes
Cryptopotato
1w
1.4k
Image Credit: Cryptopotato
Binance Continues to Lead Spot Trading Volume Despite Market Correction
- Binance, the world's largest crypto exchange, maintains its lead in spot trading volume despite a market correction.
- While spot trading volume for cryptocurrencies has declined, Binance's share of spot volume has increased.
- Binance's share of total Bitcoin spot trading volume rose from 33% to 49%, and its share of altcoin spot trading volume rose from 38% to 44%.
- Binance has become the largest liquidity venue during periods of high market volatility.
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11 Likes
Crypto-News-Flash
1w
1.7k
Image Credit: Crypto-News-Flash
NY Attorney General Flags Bitcoin as Risk to U.S. Dollar’s Global Role
- New York Attorney General Letitia James warns that Bitcoin may undermine the U.S. dollar's global role and weaken America's economic influence.
- She calls for swift and comprehensive federal regulation of digital assets to prevent financial system destabilization and illicit activities.
- Concerns are raised that Bitcoin's increasing use for cross-border transactions could erode the dominance of the U.S. dollar in global trade and finance.
- There are growing calls for stronger oversight and consumer protection in the cryptocurrency industry.
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7 Likes
Livebitcoinnews
1w
33
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Pakistan to Allocate Surplus Power for Bitcoin Mining and AI Projects
- Pakistan has announced plans to allocate surplus electricity for Bitcoin mining and AI data centers.
- Mining center locations will be determined based on power supply zones with availability.
- The country is backed by Changpeng Zhao, the founder of Binance and strategic advisor for the Pakistan Crypto Council.
- The initiative aims to strengthen Pakistan's cryptocurrency industry and position the country in the global markets of blockchain and AI.
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2 Likes
TronWeekly
1w
58
Image Credit: TronWeekly
Crypto Whales Are on a Buying Frenzy – Is a MASSIVE Bitcoin Price Surge Coming?
- Bitcoin whales are increasing their BTC balance, indicating renewed buying interest.
- Institutional endorsements and a trading range between $79,000 and $83,000 support price stabilization.
- The accumulation of BTC by large whales and institutional confidence may lead to a significant price surge.
- The increased investor adoption and positive sentiment suggest a potential price rally in the near future.
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3 Likes
Livebitcoinnews
1w
411
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21Shares Files for U.S. Spot Dogecoin ETF with SEC
- 21Shares has filed a proposal with SEC for a new exchange-traded fund (ETF) tied to Dogecoin.
- The proposed 21Shares Dogecoin ETF tracks the Dogecoin price through reference to the CF DOGE-Dollar US Settlement Price Index.
- The ETF operates through passive strategies and does not apply leverage or derivatives.
- 21Shares aims to provide a regulated method for investors to invest in Dogecoin, in collaboration with House of Doge.
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24 Likes
Crypto-News-Flash
1w
302
Image Credit: Crypto-News-Flash
Jack Dorsey’s Block Faces $40M Penalty Over BTC Compliance Breach
- Block Inc., co-founded by Jack Dorsey, has agreed to a $40 million settlement with NYDFS over compliance failures related to Cash App.
- The investigation revealed deficiencies in anti-money laundering and know-your-customer protocols, allowing illicit accounts to operate on the platform.
- Block will appoint an independent monitor to improve compliance, highlighting increased regulatory scrutiny in the cryptocurrency space.
- Despite regulatory setbacks, Block reported strong financial performance in 2024, with revenue increase and high revenue from Cash App.
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18 Likes
Livebitcoinnews
1w
50
Image Credit: Livebitcoinnews
Binance Subsidiary BPay Global Receives PSP License in Bahrain
- BPay Global, a subsidiary of Binance, has received a Payment Service Provider (PSP) license in Bahrain.
- The license allows BPay Global to offer fiat payment services to all customers of Binance worldwide.
- BPay Global now provides bank transfers, card payments, and fiat top-up capabilities.
- The license strengthens Bahrain's position in the global digital finance market and supports its goal of becoming a financial technology leader.
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3 Likes
Newsbtc
1w
361
From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant
- Dogecoin, the cryptocurrency that started as an online joke, has gained endorsement from Swiss asset manager 21Shares.
- Despite its lighthearted origin, Dogecoin has seen impressive growth and user adoption, with a 130,000% price appreciation over the last decade and a significant increase in wallet addresses.
- 21Shares has filed an S-1 form for a Dogecoin ETF, allowing ordinary investors to gain exposure to Dogecoin without owning the cryptocurrency.
- 21Shares has also partnered with the Dogecoin Foundation, adding legitimacy to the currency and attracting support from traditional financial institutions.
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21 Likes
TronWeekly
1w
379
Image Credit: TronWeekly
Federal Crypto Oversight Needed to Protect U.S. Financial System
- Letitia James, New York State Attorney General, urges Congress to pass a federal framework to regulate digital assets.
- Her focus includes preventing cryptocurrency-related fraud, protecting the U.S. dollar’s dominance, and ensuring financial market stability.
- James also advocates for disallowing digital assets in retirement accounts due to their volatility.
- She emphasizes the need for transparency, anti-fraud provisions, and safeguarding U.S. interests in the regulation of digital assets.
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22 Likes
Livebitcoinnews
1w
100
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Stablecoins Bring a WhatsApp Moment to Global Money Transfers
- Stablecoins enable near-instantaneous and low-cost transactions, revolutionizing money transfers.
- Similar to WhatsApp, stablecoins disrupt the traditional financial system, eliminating the need for costly intermediaries.
- Financial institutions and tech firms are recognizing the potential of stablecoins and exploring their integration into cross-border payment systems.
- Regulatory initiatives are being undertaken to create a framework for stablecoin operations and address concerns about financial stability and consumer protection.
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6 Likes
Coinjournal
1w
205
Crypto news today: US inflation at 2.4% sends Bitcoin to $82K
- Bitcoin and Ethereum prices rise as US inflation drops to 2.4%.
- Trump's delay of tariff hikes eases trade-related uncertainties.
- Bitcoin surges 7.5% to reach $82,000, reflecting a strong recovery.
- Ethereum gains ground, climbing to $1,600, while Solana experiences an impressive 11% surge.
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12 Likes
Livebitcoinnews
1w
319
Image Credit: Livebitcoinnews
Will XRP Rocket to $20 by 2025 After Hitting $1.98?
- XRP holders remain optimistic about the potential resolution of the SEC case and the broader institutional adoption of XRP.
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19 Likes
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