Day: April 6, 2025

Jameson Lopp sounds alarm on Bitcoin address poisoning attacks

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Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, sounded the alarm on Bitcoin address poisoning attacks, a social engineering scam that uses similar addresses from a victim’s transaction history to fool them into sending funds to the malicious address. According to Lopp’s Feb 6 article, the threat actors generate BTC addresses that match the first and last digits of addresses from the victim’s transaction history. Lopp analyzed the Bitcoin blockchain history for this type of attack and found: “The first such transactions did not appear until…

Bitcoin Price (BTC) Falls to $79K, While Ether (ETH) and Solana (SOL) Also Tumble

“Decoupling” and “safe haven” began to be used late last week as bitcoin (BTC) held its own despite the continuing tumble in stock markets in response to President Trump’s sweeping tariffs against U.S. trading partners. Bitcoin bulls, though, may have spoken too soon. With stock trading closed for the weekend, fearful investors are perhaps turning to the 24/7 crypto markets to place bearish bets. In late Sunday afternoon action, bitcoin is trading just above $79,000 down 5% from 24 hours ago. Other majors are faring far worse, among them ether…

Bitcoin falls below $80K — Will PI, OKB, GT and ATOM outperform BTC and altcoins?

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Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged by 9%. The sell-off was triggered following US President Donald Trump’s April 2 global tariff announcement, which escalated further on April 4 as China retaliated with new tariffs on US goods. Even gold was not spared and was down 1.9% for the week. Alpine Fox founder Mike Alfred highlighted in a post on X that a gold bull market is bullish for Bitcoin.…

BTC Slips to $78.6K in Major Sunday Drop

By 3 p.m. ET on April 6, 2025, bitcoin ( BTC) had dipped further to $78,639, deepening its retreat from recent peaks and indicating a market still gripped by caution. This added pullback builds on the morning’s downturn, hinting at dwindling momentum as Wall Street prepares to reopen Monday. While bitcoin’s trading volume has seen […] Source CryptoX Portal

Stablecoins are the best way to ensure US dollar dominance — Web3 CEO

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Stablecoins are the single best tool for the United States government to maintain the US dollar’s hegemony in global financial markets, according to LayerZero Labs CEO and founder Bryan Pellegrino. In an interview with Cointelegraph, the CEO of LayerZero Labs, which created the LayerZero interoperability protocol recently chosen by Wyoming to be the distribution partner for the Wyoming stablecoin, said that the cross-border accessibility of dollar-pegged tokens makes them an obvious choice to drive US dollar demand. Pellegrino added: “Stablecoins for the US dollar are the single best tool —…

Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun

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Bitcoin (BTC) turned up volatility into the April 6 weekly close as fears of a stock market crash contrasted with bullish BTC price targets. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView CNBC’s Cramer: 1987 crash not “off the table yet” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $80,000 on the day, down 3% since the start of the week. The days in between had seen several bouts of flash volatility as US trade tariffs and recession concerns stoked major losses across risk assets. US stocks in particular recorded…

Crypto Chill: Bitcoin Dips 2.6% Under $81K Ahead of Wall Street’s Next Move

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Bitcoin’s price receded by 2.6% today, dipping below the $81,000 mark in a subtle yet thought-provoking shift. This pullback may serve as a cryptic overture to Monday’s Wall Street open, stirring quiet apprehension among market participants. Market on Edge: Bitcoin Retreats as Global Liquidity Clouds the Outlook On April 6, bitcoin’s valuation declined, landing at […] Original

900 EH/s and Counting: Bitcoin Network Power Reaches Unprecedented Heights

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Bitcoin’s hashrate has soared to unprecedented heights, hitting an astonishing 900 exahash per second (EH/s) as of April 6. 900 EH/s Milestone: Bitcoin’s Security Fortress Grows Stronger Merely a day earlier, at block 891,072, the network’s difficulty adjusted upward from 113.76 trillion to 121.51 trillion—a striking 6.81% leap. Conventional wisdom suggests that as difficulty climbs, […] Original

CFPB likely to step back from crypto regulation — Attorney

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The Consumer Financial Protection Bureau (CFPB) will likely see a reduced role in crypto regulations as other federal agencies like the Securities and Exchange Commission (SEC) and state-level regulators assume a bigger role in crypto policy, according to Ethan Ostroff, partner at the Troutman Pepper Locke law firm. “I think with the current administration, my sense is, we are highly likely to see a significant pullback by the CFPB in the context of the activity by other regulators,” Ostroff told Cointelegraph in an interview. State regulators also have the authority…