Day: March 26, 2025

Yield-bearing stablecoins could kill banking — US Senator Gillibrand

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Stablecoin issuers should be restricted from providing yield-bearing opportunities to protect the legacy banking system, which issues home mortgages and small business loans, US Senator Kirsten Gillibrand said at a summit in Washington, DC. Speaking at the 2025 DC Blockchain Summit on March 26, the Democratic senator from New York praised her state for having some of the most robust financial regulations in the world, and said they should be adopted by all financial services sectors. According to Gillibrand, these regulations need to be applied to stablecoin issuers, whether they…

How a shipping container and Bitcoin saved a struggling African hydro project

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What happens when a rural African community generates more electricity than it can use? Could Bitcoin mining turn unused hydropower into a lifeline for local economic revival? Zengamina’s dimming vision finds a spark In the remote Ikelenge district of northwestern Zambia, a small hydroelectric plant has quietly been producing more electricity than its surrounding villages could ever use.  Built in the early 2010s with $3 million in charitable funding, the 1-megawatt Zengamina facility was never intended to generate profit. Its purpose was to power a rural hospital, provide electricity to…

Bitcoin mining stocks down after Microsoft scraps data center plans

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Bitcoin (BTC) mining stocks are down after tech giant Microsoft reportedly scrapped plans to invest in new artificial intelligence data centers in the US and Europe, citing a potential oversupply, according to a report by Bloomberg and data from Google Finance. Shares of crypto miners Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital and Riot dropped between 4% and 12% in tandem with the news, the data showed. The stock price retrenchments highlight cryptocurrency miners’ increased dependence on business from artificial intelligence models after the Bitcoin network’s April 2024 “halving”…

Ethereum’s (ETH) path back to $2.5K depends on 3 key factors

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Ether (ETH) price reclaimed the $2,000 support on March 24 but remains 18% below the $2,500 level seen three weeks ago. Data shows Ether has underperformed the altcoin market by 14% over the past 30 days, leading traders to question whether the altcoin can regain bullish momentum and which factors might drive a trend reversal. Ether/USD (left) vs. total altcoin capitalization, USD (right). Source: TradingView / Cointelegraph Ether appears well-positioned to attract institutional demand and significantly reduce the FUD that has limited its upside potential. Critics have long argued that…

Interactive Brokers adds SOL, ADA, XRP, DOGE for trading

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Interactive Brokers, a global brokerage that recorded $9.3 billion in revenue for 2024, is expanding its altcoin offerings to include four new tokens. According to a March 26 announcement, the platform has added Solana (SOL), Cardano (ADA), XRP (XRP), and Dogecoin (DOGE) for trading. The four coins have a combined market capitalization of $267.2 billion at this writing. The additions double Interactive’s crypto offerings to traders. Since 2021, it has enabled trading in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) pairs. Both trading and custody services will…

Whale Alert: 200 Million Dogecoin Bought—Is A Price Rally On The Horizon?

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Based on reports from crypto market analysts, Dogecoin has caught investors’ attention with a significant whale buying trend. Crypto market analyst Ali Martinez revealed that major investors have purchased 200 million Dogecoin tokens in just two weeks, sending ripples through the cryptocurrency market. This unexpected move has sparked intense discussion among traders and market watchers. Massive Coin Accumulation Signals Market Shift Investors are watching closely as large Dogecoin holders make substantial moves. The token has seen a remarkable price jump from $0.148 to $0.185 between March 11 and 25, representing…

Why is Bitcoin Declining Today?

Bitcoin’s (BTC) rise following GameStop’s Tuesday bitcoin treasury strategy announcement halted just shy of the $89,000 level and things are now headed decidedly lower during U.S. trading hours Wednesday. Just after the noon hour on the east coast, bitcoin has pulled back about 3% from overnight highs to $86,500. The broad-market crypto benchmark CryptoX 20 Index was 1.9% lower through the past 24 hours, with ether (ETH), solana (SOL) and AAVE declining around 3%-4% during the same period. The price action happened with U.S. risk assets showing weakness. The S&P500…

XRP price at risk of 50%+ correction if bearish trading pattern holds — Peter Brandt

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XRP (XRP) price continues to underperform the broader crypto market this week, even though multiple altcoins turned green as Bitcoin (BTC) rallied to $88,800. XRP 1-day chart. Source: Cointelegraph/TradingView The altcoin is down 4.7% over the past seven days, putting a pause to the 11% rally seen on March 19, when the Ripple’s SEC “lawsuit ending” news made headlines. XRP trading volumes have also dropped from around $4 billion to $2.6 billion, i.e., a 35% dip over the past week. XRP price peers over a steep cliff In a recent…

Specialized purpose DEXs poised for growth in 2025 — Curve founder

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Several sectors of decentralized finance are poised for growth in 2025, including special-purpose decentralized exchanges (DEXs), stablecoins, and tokenized assets, according to Curve Finance founder Michael Egorov. Growth in decentralized exchanges will be driven by new purpose-tailored platforms, such as exchanges for stablecoins pegged to different underlying fiat currencies, thus solving the foreign exchange problem in stable tokens, Egorov said in an interview with Cointelegraph. The Curve founder added: “Exchanges between stablecoins of different denominations like the Euro, US dollar, and others are not yet properly solved. How to provide…

Will Bitcoin and altcoins crash or rise?

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Bitcoin and most altcoins have bounced back slightly this week, with total crypto market capitalization approaching the $3 trillion mark. Bitcoin (BTC) remained stuck above $86,000, while meme coins like Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI) soared by double digits this week. Mark Zandi, one of the top economists in the U.S. and Chief Economist at Moody’s, has warned that the country may be heading toward a recession. In a post on X, Zandi said that his top recession indicator was “flashing bright yellow,” signaling a potential downturn…