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Cryptography News
Coinjournal
1w
376
Is Bitcoin entering a major bear market? Peter Schiff thinks so
- Bitcoin could be heading deeper into a bear market, according to Peter Schiff.
- Schiff pointed out that BTC has lost about 30% of its value when priced in gold since reaching its ATH in November 2021.
- Recent data shows that some of MicroStrategy's latest BTC acquisitions are currently underwater.
- Schiff's criticism reignites the debate over Bitcoin's role as 'digital gold' and its long-term viability.
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22 Likes
Coindoo
1w
250
Image Credit: Coindoo
FTX Unstakes $21M in Solana, More Set to Unlock in May
- FTX has unstaked $21 million worth of SOL tokens in May.
- On May 1, an additional 73,700 SOL tokens, valued at around $8.6 million, are set to unlock.
- FTX and Alameda wallets still hold significant SOL reserves but have not sold them on the open market.
- The majority of FTX's SOL holdings, worth about $619 million, remain staked and will unlock in tranches.
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15 Likes
Coindoo
1w
142
Image Credit: Coindoo
New York Bill Proposes Crypto Payments for State Services
- New York Assemblyman Clyde Vanel has proposed a bill to allow state agencies to accept payments in cryptocurrencies.
- The bill, if passed, would enable payments in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for taxes, fines, fees, and other financial obligations.
- This move signifies a significant shift in how public sector agencies can integrate blockchain and digital assets.
- New York could become a pioneer in state-level digital asset adoption if the bill gains traction.
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8 Likes
Coindoo
1w
334
Image Credit: Coindoo
India Aim for Interim Trade Deal With USA Within 90 Days
- India and the US aim to achieve an interim trade deal within 90 days.
- Both countries have settled the Terms of Reference (ToR), setting the stage for formal negotiations.
- The trade agreement's target is to double bilateral trade by 2030, expanding it to $500 billion from the current $191 billion.
- Negotiations have already begun, with India reportedly making progress towards a comprehensive trade deal.
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20 Likes
Cryptopotato
1w
384
Image Credit: Cryptopotato
Tariff Madness Sparks Massive Bitcoin Volatility, Major Ripple Purchase: Your Weekly Recap
- US President Donald Trump's trade war actions resulted in significant volatility in the cryptocurrency markets throughout the week.
- Bitcoin's price experienced a rollercoaster ride throughout the week, reacting to Trump's announcements and fluctuations in trade war tensions.
- BTC's price dropped to a five-month low of just over $74,000 and experienced multi-thousand-dollar pumps and dumps in response to the news.
- Other cryptocurrencies, such as ETH, also faced losses, while some, including PI, OKB, and HYPE, saw substantial gains.
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23 Likes
Coindoo
1w
364
Image Credit: Coindoo
Swedish Lawmaker Pushes for Bitcoin in National Reserve Strategy
- Swedish lawmaker, Rickard Nordin, urges Sweden to include Bitcoin in its national reserves.
- Nordin highlights Bitcoin's use as a hedge against inflation and as a practical payment method.
- Bitcoin's decentralized nature is seen as a tool for freedom by offering economic protection to dissidents in repressive regimes.
- Nordin's proposal aligns with other countries reevaluating their reserve strategies and reflects a shift in Europe's stance on digital assets.
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21 Likes
Coinjournal
1w
29
Aave price prediction: are bulls set to reclaim $200?
- Aave price is largely flat as top cryptocurrencies surge.
- Bitcoin and altcoins rising, Aave's price at $135.
- AAVE experienced limited activity, but could potentially go higher.
- Analyst points to disconnect in risk assets, Aave's outlook remains uncertain.
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1 Like
Coindoo
1w
184
Image Credit: Coindoo
Trump’s Tariff Shock Boosts Risk Aversion Demand, and a Large Amount of Funds Are Pouring Into NR7 Miner’s Crypto Mining to Stabilize Profits
- US President Trump's announcement of imposing a 104% tariff on Chinese goods and subsequently considering a 90-day postponement caused global market shocks.
- The global stock market lost over $1.2 trillion in value, and the VIX index surged 28% within 12 hours of Trump's statement.
- In response to market uncertainty, investors turned to decentralized finance, leading to a 300% rise in daily user registrations at NR7 Miner, a risk-resistant crypto mining platform.
- NR7 Miner offers cloud mining services with advantages like cost-effectiveness, scalability, quick returns, and the use of clean energy sources.
- Users can register on NR7 Miner, select a mining contract, track their mining progress, and withdraw income easily through the platform.
- The platform boasts global accessibility, an intuitive interface, professional customer service, cutting-edge mining equipment, and support for various cryptocurrencies.
- NR7 Miner also offers alliance reward programs, referral rewards, and monthly salary rewards for users, making it attractive for both beginners and experienced miners.
- Founded in 2020 in London, NR7 Miner focuses on cloud computing power leasing, mining machine distribution, and custom mining solutions.
- NR7 Miner integrates ASIC mining machine clusters, self-operated mining farms, and clean energy systems to ensure efficient returns for customers.
- In chaotic times, NR7 Miner's CEO views Bitcoin as a defense against centralized power and emphasizes the platform's ability to counter the impact of Trump's tariff policies.
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11 Likes
Cryptoticker
1w
305
Image Credit: Cryptoticker
Big XRP News: Ripple and SEC Seek Settlement, Pause Appeals
- Ripple Labs and the SEC have filed to pause their legal battle for 60 days, indicating a potential settlement may be forthcoming.
- Both parties are actively working toward a negotiated resolution, with an 'agreement-in-principle' requiring formal approval from the SEC.
- A settlement would provide closure to the XRP community and potentially generate a positive impact on the wider altcoin market.
- If the SEC approves the agreement-in-principle, this case could set an important precedent for crypto regulation in the future.
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18 Likes
Coindoo
1w
263
Image Credit: Coindoo
Senator Warren Blasts DOJ for Axing Crypto Crime Unit
- Lawmakers express concern over the DOJ's closure of the specialized unit investigating crypto-related crimes.
- DOJ justifies the closure, aiming to focus on prosecuting individual bad actors rather than regulating the crypto industry as a whole.
- Senator Warren and colleagues argue that dismantling the unit undermines progress in combating financial crimes involving digital assets.
- Lawmakers call on the DOJ to explain the decision and ensure strong enforcement against crypto-related crime.
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15 Likes
Cryptopotato
1w
351
Image Credit: Cryptopotato
Bitcoin Outshines Stock Markets in Risk-Adjusted Terms as Fiat Strains Show
- Bitcoin (BTC) is outperforming traditional markets like the S&P 500 when adjusted for volatility, signaling cracks in the global financial system.
- Bitcoin's risk-adjusted outperformance is seen as a hedge against the uncertainties of fiat-driven markets.
- Bitcoin's fixed supply and decentralized nature contribute to its role as a systemic hedge.
- BTC's short-term behavior remains volatile despite its long-term bullish outlook.
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21 Likes
Coindoo
1w
154
Image Credit: Coindoo
Coinbase Slams FDIC Over Delay in Crypto FOIA Case
- Crypto exchange Coinbase opposes FDIC's motion for additional time in ongoing FOIA lawsuit.
- Coinbase's Chief Legal Officer criticizes the FDIC's request and calls it "absurd".
- Coinbase accuses the FDIC of failing transparency obligations and unnecessarily prolonging the case.
- Coinbase aims to uncover potential coordinated efforts to restrict banking services for crypto-related companies.
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9 Likes
Coindoo
1w
301
Image Credit: Coindoo
Vitalik Buterin Unveils Plan to Make Ethereum Privacy-Friendly
- Vitalik Buterin unveils a roadmap to make Ethereum more privacy-focused without changing its core infrastructure.
- The roadmap targets four main areas: private on-chain payments, hidden user actions within dApps, obscured read-access activity, and anonymized network-level data.
- Tools like Railgun would be added to Ethereum wallets to manage shielded balances, while each decentralized app would have a different Ethereum address to prevent activity linking.
- Buterin's plan includes technical changes and future upgrades such as TEE-based RPC privacy, private information retrieval, unique RPC nodes for each dApp, and privacy-enhanced keystore wallets.
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18 Likes
Coindoo
1w
83
Image Credit: Coindoo
BlackRock CEO Larry Fink Warns: U.S. May Already Be in Recession
- BlackRock CEO Larry Fink warns that the U.S. may already be in a recession.
- Fink attributes the downturn to President Trump's recent tariff policies.
- He warns that the tariffs could lead to a further 20% decline in the stock market.
- Fink advises investors to stay calm and focus on long-term investment opportunities.
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5 Likes
Cryptopotato
1w
301
Image Credit: Cryptopotato
Binance Ignites Double-Digit Rally in These Altcoins – Here’s What Happened
- Binance has introduced spot trading services for three new cryptocurrencies: Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL).
- The altcoins experienced substantial price increases after the news, with BIGTIME reaching a two-month high of over $0.07, VIRTUAL seeing a double-digit spike, and ONDO recording a less significant pump.
- Binance's support provides increased liquidity for the tokens and adds credibility, but investors should be cautious as these tokens carry a Seed Tag, indicating higher risk.
- Earlier this month, Binance delisted 14 altcoins, causing significant price declines for the affected cryptocurrencies.
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18 Likes
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