A Federal Reserve survey naming the trade war and U.S. debt as the economy’s top threats has prompted veteran investor Clem Chambers to warn of an overlooked supply-chain squeeze that could jolt markets. Inflation Time Bomb: Fed Printing Could Send Prices Soaring, Says Chambers Chambers, chief executive of Online Blockchain, told Kitco News Anchor Jeremy […] Source CryptoX Portal
The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013. “In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.” Elliptic co-founder James Smith at Token2049. Source: Cointelegraph That began…
Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech. The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said: “I think freedom of money is important, but to have freedom of money, you have to have freedom of speech. Freedom of speech…
US-based cryptocurrency exchange Coinbase has filed an amicus brief in the country’s Supreme Court in support of a taxpayer fighting the Internal Revenue Service (IRS) gaining access to his data from a digital asset platform. In an April 30 filing in the Supreme Court of the United States (SCOTUS), lawyers for Coinbase argued that a First Circuit Court of Appeals decision set a “dangerous precedent” for crypto users, potentially allowing the government to “trace users’ every crypto transaction in the past and monitor every crypto transaction in the future.” The…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain…
US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report. Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the Treasury said in the April 30 report. A stablecoin is a cryptocurrency whose value is pegged to a traditional asset like the US dollar. According to the report, such tokens…
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there to 132 megawatts and surpassing 500 megawatts globally across five countries. Development of New Site to Be Conducted in Stages The Abu Dhabi-based bitcoin miner, Phoenix Group, has secured an additional 52 megawatts (MW) of […] Original
A discarded hard drive, a billion-dollar Bitcoin wallet, and a trash-strewn landfill in Wales are now the foundation for a high-stakes docuseries. Entertainment company LEBUL announced this week that it has acquired exclusive rights to the story of James Howells, the British engineer who famously lost access to 8,000 Bitcoin (BTC) in 2013. Dubbed ‘The Buried Bitcoin: The Real-Life Treasure Hunt of James Howells,’ the multi-platform project will span a premium docuseries, a podcast, and a social-first storytelling campaign. It aims to dramatize Howells’ decade-long quest to recover the drive—now…
An elderly American has been identified as the victim of a $330.7 million Bitcoin theft—one of the largest crypto heists on record—according to blockchain investigator ZachXBT. The attack, which occurred on April 28, involved the theft of 3,520 BTC through a sophisticated social engineering scheme, triggering a ripple effect across crypto markets, including a sudden spike in the price of the privacy coin Monero (XMR). The stolen Bitcoin (BTC) was rapidly funneled through more than 300 wallets and laundered across 20 or more exchanges, with Monero playing a key role…
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that […] Source CryptoX Portal