Day: May 6, 2025

India’s Supreme Court says Bitcoin trading is like a refined Hawala network

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India’s Supreme Court has raised concerns over unregulated Bitcoin trading, comparing it to a refined form of Hawala during a recent bail hearing in a crypto-related case. According to local media, the observation came as the court questioned the absence of a clear regulatory framework for virtual currencies in the country. The bench, comprising Justices Surya Kant and N Kotiswar Singh, said the lack of formal rules around crypto assets had created uncertainty, leading to potential misuse. The remarks were made while hearing the bail plea of Shailesh Babulal Bhatt,…

Bitcoin ETFs See 3rd Week of Inflows as BTC Dominance Grows

Key Notes Spot BTC ETFs continue their inflows for the third consecutive week. Bitcoin’s market dominance is almost at 64%. A crypto analyst expects Bitcoin to fall to $92,000. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B is facing consolidation below the $95,000 mark while its market dominance has been consistently increasing. The largest cryptocurrency is currently trading at $94,450. The BTC price chart shows a consistent decline between May 2 and 5. This is usually a sign of an overheated market. According…

A Correction To This Level Could Come First

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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. SUI, one of the leading altcoins of this cycle, targets the key $4.00 barrier after its recent price surge. Amid its reclaim of key supports, an analyst suggests the…

SSV Network Unveils SSV2.0 Testnet to Revolutionize Blockchain Security

James Ding May 06, 2025 07:38 SSV Network launches the SSV2.0 Testnet, promising a 90% reduction in security costs and enhanced validator rewards through innovative based applications. The SSV Network has officially launched its SSV2.0 Testnet on the Hoodi platform, marking a significant milestone in blockchain technology, according to the SSV Team. This initiative is expected to dramatically reduce security costs by 90% while enhancing validator rewards, thus introducing a transformative approach to blockchain security. Innovative Features of SSV2.0 Testnet The testnet…

COTI Selected by ECB to Help Develop Digital Euro Technology

The European Central Bank has selected COTI as a Pioneer Partner for its central bank digital currency (CBDC) initiative. The selected partners are tasked with demonstrating the technical implementation of a conditional payments system before the CBDC’s launch. Digital Euro Launch Set for Early 2026 COTI, an Ethereum confidentiality layer, has been selected by the […] Source CryptoX Portal

Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date

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Riot Platforms sold 475 BTC in April, marking the largest single-month BTC liquidation in the company’s history. Riot Platforms, the second largest publicly traded Bitcoin mining firm by market cap, announced Monday that it had sold 475 BTC in April at an average price of $81,731, generating $38.8 million in net proceeds. The sale, disclosed in Riot’s monthly production and operations update, marks the largest single-month Bitcoin (BTC) liquidation in the company’s history. Of the 475 BTC sold in April, 463 were newly mined in April, with the remaining 12…

TRON Accumulation Phase Detected—Major Price Surge Coming

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Despite ongoing consolidation across the broader crypto market, Tron (TRX) has managed to maintain a steady upward trajectory. The token has recorded a 2.6% increase over the past two weeks and is currently trading at $0.2495, reflecting a 0.7% uptick in the last 24 hours. This relative strength comes at a time when several major altcoins are experiencing muted price action. Tron’s stability amid broader volatility has drawn the attention of market participants analyzing on-chain dynamics for insight into potential future moves. Tron On-Chain Trends Suggest Network Consolidation According to…

Florida drops Bitcoin reserve plans as HB 487 and SB 550 withdrawn

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Florida has become the latest state to drop plans for a Strategic Bitcoin Reserve, shelving two key bills that would have allowed public funds to be invested in Bitcoin. According to the Florida Senate, both of Florida’s Bitcoin reserve bills, House Bill 487 and Senate Bill 550, were “indefinitely postponed and withdrawn from consideration” on May 3. The state’s legislative session ended on May 2 without a vote on either bill, effectively killing the proposal despite early momentum. HB 487, titled “Investments of Public Funds in Bitcoin,” was introduced in…

Bitcoin Core to unilaterally remove controversial OP-Return limit

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Bitcoin Core developers have decided to remove a limit on transaction data in the next network upgrade, enabling more data to be included in a more efficient way.  “Bitcoin Core’s next release will, by default, relay and mine transactions whose OP_RETURN outputs exceed 80 bytes and allow any number of these outputs,” read the announcement on GitHub by Bitcoin developer Greg Sanders on May 5.  The long-standing limit was originally a “gentle signal that block space should be used sparingly for non-payment proof of publication data,” has outlived its utility,…

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’

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Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government’s 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.” The US Department of Justice requested Mashinsky receive at least 20 years behind bars in the May 8 sentencing for his role in misleading Celsius users and profiting from the price manipulation of Celsius (CEL), which would make the 59-year-old 79 if he serves the whole sentence. Lawyers acting for Mashinsky argued in a May 5 reply memorandum filed in a New York district…