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Cryptocurrency News
TronWeekly
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Dogecoin Reserve Launched: $1.8M DOGE Purchase Kicks Off Initiative
- The Dogecoin Foundation's business arm, House of Doge, launches the Official Dogecoin Reserve with a 10 million DOGE purchase.
- The initiative aims to enhance Dogecoin's practicality as a global payment solution.
- Strategic partnerships are expected to accelerate real-world adoption in commerce.
- House of Doge envisions a future where merchants can accept DOGE at checkout with immediate confirmation, eliminating the friction that has a tendency to afflict crypto payments.
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Bitcoinist
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31
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Congressional Crypto Agenda: 3 Key Developments To Watch For This Week
- Congressional focus on crypto regulation intensifies with key developments this week.
- Nomination hearing scheduled for crucial appointments in Congress to impact crypto industry.
- SEC engages in discussions about market structure in parallel with Congress.
- Progress made on stablecoin legislation with a potential bill reaching the President's desk by summer.
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Fintechnews
4w
0
Image Credit: Fintechnews
Sam Altman’s World Network Reportedly in Talks With Visa for Stablecoin Payments
- Sam Altman’s World Network is in talks with Visa to bring stablecoin payments to its self-custody crypto wallet.
- The plan aims to link Visa card functionality to World Wallet, turning it into a 'mini bank account' accessible worldwide.
- The effort is led by Tools for Humanity, the company behind Worldcoin and World Network.
- The initiative could position World Wallet as a serious challenger in the crypto-fintech space.
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Cryptonews
4w
354
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Bitcoin Bullish: $110K Peak More Likely Than $76K Dip, Says Hayes
- BitMEX co-founder Arthur Hayes predicts that Bitcoin (BTC) is more likely to reach $110,000 before retesting $76,500.
- Hayes attributes this prediction to the Federal Reserve's shift from quantitative tightening to quantitative easing and mentions 'transitory inflation' as a factor.
- He suggests that if BTC hits $110,000, it could pave the way for a surge towards $250,000.
- Hayes sees recent tariffs as temporary measures with minimal long-term impact on BTC price.
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Cryptonews
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XRP, SOL, BTC Rally: Is the Bottom in For the Crypto Market?
- Bitcoin and most major cryptocurrencies are experiencing positive momentum across daily and weekly timeframes.
- Dogecoin and Solana have emerged as top performers among the top ten cryptocurrencies by market cap, gaining 7.8% and 5% respectively.
- US spot Bitcoin ETFs are seeing modest inflows after weeks of net outflows, further signalling a potential market recovery.
- Market sentiment is cautiously optimistic, with institutional support and regulatory clarity (like the SEC dropping its Ripple lawsuit appeal) contributing to price stability.
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Pymnts
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Report: Sam Altman’s World Network Discusses Adding Visa Card Functionality
- World Network, co-founded by Sam Altman, is discussing the addition of Visa card functionality to its self-custody cryptocurrency wallet.
- Tools for Humanity, the overseeing company, sent a request-for-product form to card issuers to explore the potential integration.
- World Network aims to enable stablecoin payments to merchants within the Visa network by adding on-chain card features.
- The company recently launched a mini app called World Chat and partnered with Razer to offer a secure gaming technology.
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Cryptonews
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Standard Chartered Swaps Tesla for Bitcoin in ‘Mag 7B’ Index for Higher Returns, Lower Volatility
- Standard Chartered analyst Geoff Kendrick suggests treating Bitcoin as a tech stock rather than just a traditional hedge due to its high Nasdaq correlation.
- Kendrick created a hypothetical 'Mag 7B' index, replacing Tesla with Bitcoin, showing about 5% higher returns and less volatility.
- BTC can be viewed as both a hedge against traditional finance and as part of the tech allocation, making it more like a tech stock in the short term.
- Kendrick believes that considering Bitcoin's multiple roles in investor portfolios could encourage greater institutional buying.
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Bitcoinist
4w
239
Image Credit: Bitcoinist
US Treasury Faces Backlash Over Attempt To Dismiss Tornado Cash Case Without Final Ruling
- The US Department of the Treasury is facing backlash over its claim that a final court ruling on the Tornado Cash lawsuit is moot after delisting the crypto-mixing protocol from its sanctions list.
- Coinbase's Chief Legal Officer argues that a final ruling is needed to prevent further attacks on the protocol.
- The US Treasury removed Tornado Cash from its Specially Designated Nationals list on March 21, following a court ruling that determined the Treasury had exceeded its authority by sanctioning the protocol.
- The Treasury Department's claim of mootness is challenged, with arguments that a final court judgment is necessary to prevent future relisting of the crypto mixer.
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TechBullion
4w
124
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Welcome to CoinCanines: The Future of Memecoin!
- CoinCanines is a meme coin that aims to bring fun and fortune while supporting Battersea Dogs & Cats Home.
- The token has a maximum supply of 1 billion, with 90% committed to liquidity to enhance token scarcity and stability.
- Strategic marketing initiatives are being leveraged to promote CoinCanines and build a strong community.
- Crypto enthusiasts of all levels are invited to join the CoinCanines community and participate in their mission.
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Coin Telegraph
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Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
- A Bitcoin whale has added $200 million worth of Bitcoin to its stash, bringing its total holding to over 15,000 Bitcoin.
- The whale had sold over 11,400 Bitcoin in the past few months but recently started acquiring again.
- In a separate incident, another Bitcoin whale woke up after eight years and moved over 3,000 Bitcoin, worth $250 million.
- BlackRock, the world's largest asset manager, has also been accumulating more Bitcoin in recent weeks.
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Cryptonews
4w
261
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Government of Bhutan Transfers $63M of Bitcoin to 3 Wallets
- The government of Bhutan has transferred 721.46BTC, worth approximately US$63.24M, to three newly created wallets over the past 24 hours.
- The main wallet still holds US$890M worth of cryptocurrencies, with the overwhelming majority of these funds being held in Bitcoin.
- Speculation exists as to whether this could signal a shift in Bhutan’s strategy regarding the custody and management of its assets.
- The Government of Bhutan has embraced Bitcoin as a reserve asset. Bhutan has been actively mining Bitcoin using hydropower from excess energy.
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Cryptoticker
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BREAKING NEWS: Visa and OpenAI to Partner for Stablecoin Payments
- Visa is reportedly in talks with OpenAI CEO Sam Altman to launch a stablecoin payments wallet.
- The potential partnership aims to accelerate mainstream crypto adoption.
- This collaboration could lead to a highly accessible and widely adopted stablecoin payment solution.
- The Visa-OpenAI partnership, along with other factors, may drive Bitcoin's price to $250,000 in the next market cycle.
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TronWeekly
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XRPL Hits 2.8B Transactions with Zero Failures: Institutions Take Notice
- XRP Ledger adoption is surging, driven by institutional interest, DeFi expansion, and tokenization.
- RippleX is enhancing XRPL’s capabilities with AMM, tokenized assets, and an Ethereum sidechain.
- The XRP Ledger (XRPL) has witnessed more than 2.8 billion transactions with no security failures, attracting institutional attention.
- The upcoming release of RLUSD, Ripple’s stablecoin, is expected to strengthen institutional adoption and liquidity.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
$1 Billion in Bitcoin Transfer Fuels Mt. Gox Speculation
- Mt. Gox transfers 11,501 BTC ($1.01B), with 893 BTC moved to a hot wallet and 10,608 BTC to a change wallet, raising questions about its purpose
- "Mt. Gox" reported transferring 11,501 BTC ($1.01 billion) to two different wallets, raising suspicion.
- Mt. Gox owes 141,686 BTC, 143,000 BCH, and 69 billion yen to creditors after the 2014 hack.
- Repayments began in July 2024, but delays, including a $16B lawsuit, continue to hinder the process.
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TronWeekly
4w
24
Image Credit: TronWeekly
Pi Coin Created Millionaires Overnight, Could This Penny Crypto Be the Next Wealth Generator?
- Pi Coin attracted millions of users with its mobile mining system and early backers saw substantial gains.
- Lightchain AI, priced at just $0.006, is emerging as a strong contender to replicate Pi Coin's success, combining AI with blockchain technology.
- Pi Coin's rise showcased the opportunities and challenges of emerging cryptocurrencies, while Lightchain AI offers real-world applications and has raised over $17 million in its presale.
- Lightchain AI integrates AI with blockchain technology to create a decentralized ecosystem with AI-powered decentralized solutions and on-chain AI computations.
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