Month: April 2025

Kyrgyzstan’s president signs CBDC law giving ‘digital som’ legal status

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Kyrgyzstan President Sadyr Zhaparov has signed a constitutional law authorizing the launch of a central bank digital currency pilot project while also giving the “digital som” — the national currency in digital form — legal tender status. The law gives the National Bank of the Kyrgyz Republic the exclusive right to issue the digital som, establish the rules for its issuance and circulation, and oversee the platform on which the national currency will operate, Kyrgyzstan’s presidential office said on April 17. However, a final decision on whether to officially issue…

Fed Chair Signals Looser Crypto Oversight as Digital Assets Go Mainstream Fast

Crypto is charging into the mainstream as the Federal Reserve signals a dramatic shift, hinting at looser oversight and faster institutional adoption of digital assets nationwide. Fed Chair Powell Teases Softer Crypto Stance U.S. Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on Wednesday, highlighting forthcoming changes in financial oversight, particularly […] Source CryptoX Portal

Altcoin Season Nowhere In Sight—Report

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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. According to CoinGecko’s 2025 Q1 Report, the cryptocurrency market, led by Bitcoin, lost nearly one-fifth of its value in the first quarter of 2025, fully negating the gains made…

Trade War: Tit-for-Tat Tariffs Show Limits of Unilateral Action, Web3 Leaders Say

Web3 experts emphasize that the ongoing trade war, while presenting challenges, can also act as a catalyst for innovation within the blockchain space. However, they argue that fostering a mindset of global unity can help mitigate the divisive effects of trade wars. Decentralized Governance Can Mitigate Disputes Caused by Protectionist Policies As the U.S.-China trade […] Source CryptoX Portal

Solana Turns Bullish On 8H Chart – Break Above $147 Could Confirm New Trend

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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. Solana is now at a critical juncture as it trades around a pivotal price level that could determine its short-term direction. After weeks of selling pressure and underwhelming price…

Crypto exchange eXch to shut down amid money laundering allegations

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Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack. In an April 17 notice, eXch said the majority of people in its management team voted to “cease and retreat” in response to the allegations that North Korea’s Lazarus Group used the exchange to launder roughly $35 million of the funds stolen in a $1.4 billion exploit on Bybit. The exchange said it was the subject of “an active transatlantic operation” aimed at shutting it…

Dow drops over 500 points as UnitedHealth tanks, Fed tensions weigh on markets

U.S. stocks ended mixed on Thursday as steep losses in UnitedHealth pulled the Dow lower.  Investors digested ongoing trade tensions and signals from the Federal Reserve that interest rate cuts may not be imminent. The Dow Jones Industrial Average fell 1.2%, or roughly 500 points, largely due to a 23% plunge in UnitedHealth shares after the company slashed its full-year profit forecast. The S&P 500 rose 0.2%, buoyed by gains in select sectors, while the tech-heavy Nasdaq Composite edged down about 0.13%. Nvidia fell for a second day after the…

HTX Integrates Fireblocks Off-Exchange to Secure Institutional Trading

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HTX has integrated and launched Fireblocks Off-Exchange, a solution aimed at institutional trading. This integration enhances the platform’s security infrastructure and streamlines operations within a compliant framework. Fireblocks Off-Exchange enables institutions to securely trade digital assets by maintaining funds in self-custodied, off-exchange collateral accounts, which reduces counterparty risk while allowing for rapid, low-cost settlement. Since […] Source

How High Can The Price Go In 2025?

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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. The Shiba Inu price continues to attract the attention of analysts, who are watching for its next potential move. A recent report from Finder, based on the insights of…

Ethena Labs, Securitize unveil ‘Converge’ network roadmap

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Ethena Labs, the developer of the USDe synthetic dollar (USDe), and financial technology company Securitize, released a preliminary roadmap for their upcoming Converge network, a high-throughput blockchain focused on real-world assets and decentralized finance (DeFi). According to the announcement, a testnet will be live in the coming weeks, with a mainnet launch later in 2025. Converge will feature a 100 milliseconds (ms) native block time, with plans to reduce block times to 50ms by Q4 2025. The developers also plan to achieve at least one gigagas of potential throughput during…