Month: April 2025

El Salvador keeps buying Bitcoin despite $1.4b IMF deal

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El Salvador is continuing to buy Bitcoin even after agreeing to scale back purchases as part of a $1.4 billion deal with the International Monetary Fund. The Central American nation’s Bitcoin Office is still buying Bitcoin (BTC) despite signing a $1.4 billion loan agreement with the International Monetary Fund that required it to scale back crypto purchases, El Salvador‘s economy minister Maria Luisa Hayem said in an interview with Bloomberg. “There’s a commitment of President Bukele to keep accumulating assets as a way to do precisely that. Bitcoin keeps being…

Broxus launches blockchain app scalability platform TON Factory

The Open Network (TON) ecosystem participant Broxus has unveiled TON Factory, a new platform designed to accelerate the development and scalability of high-throughput applications like decentralized exchanges (DEXs) and blockchain-based games. In an April 30 post on Telegram, the project said TON Factory aims to help developers rapidly build and scale projects with modular components, integration tools, and hands-on expert support. “For OGs already building on TON, TON Factory helps you scale further,” the announcement stated. The initiative is backed by a team of over 150 engineers with experience delivering…

Ethereum ETF staking will have little impact without multimonth rally: Analyst

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Key takeaways Approving staking for spot Ether exchange-traded funds (ETFs) in the US may have a minimal impact on inflows unless Ether sees a sustained rally, says Eric Balchunas ETH dropped significantly in price after the launch of the ETFs last year, unlike spot Bitcoin ETFs, which saw new all-time highs just two months after launching. For inflows to increase again, Balchunas said ETH would need a multimonth run along with a strong narrative. Spot Ethereum ETFs being able to stake a portion of the tokens under their control may…

BNB Price Coils at Support — Bounce Looks Ready to Launch

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

FTX sues NFT Stars and Kurosemi in push to recover tokens

Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding tokens they owed. The lawsuits, both filed in the Delaware bankruptcy court, alleged that NFT Stars and Delysium failed to deliver all the tokens paid for by FTX despite repeated attempts to resolve the matter. FTX claimed in an April 28 statement that it made “numerous unanswered attempts” to engage with both firms, and it would be “contacting numerous other token and…

BlackRock files to create digital shares tracking one of its money market funds

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Asset manager BlackRock has filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors. The DLT shares will track BlackRock’s BLF Treasury Trust Fund (TTTXX), which may only be purchased from BlackRock Advisors and The Bank of New York Mellon (BNY), the firm said in its April 29 Form N-1A filing with the Securities and Exchange Commission. The money market fund holds over $150 million worth of assets, invested almost…

Only XRP? Expert Claims That’s All You Need To Succeed

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Renowned crypto influencer “DustyBC” has caused controversy after stating that owning only XRP might be sufficient for investors to “make it” financially. The bold assertion comes at a time when XRP trades below its all-time high, but still captures the attention of both fans and critics throughout the market. Single-Asset Strategy Raises Eyebrows Based on reports, DustyBC’s comment implies that investors can achieve significant wealth by adopting an XRP-only investment strategy. The perception has gained traction with some supporters who feel that “one strong hand beats a hundred weak plays.”…

Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy

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The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance […] Original

XRP Price Takes a Breather — Can Bulls Bounce Back from Here?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules

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The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled. Austin federal court judge Robert Pitman said in an April 28 judgment that OFAC’s sanctions on Tornado Cash were unlawful and that the agency was “permanently enjoined from enforcing” sanctions. Tornado Cash users led by Joseph Van Loon had sued the Treasury, arguing that OFAC’s addition of the platform’s smart contract addresses to its Specially Designated Nationals and Blocked Persons (SDN) list was…