Category: Bitcoin News

California Governor Bars Policymakers From Insider Betting on Prediction Markets – Bitcoin News

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California Bans Gubernatorial Appointees From Betting on Prediction Markets With Non-Public Information The order takes effect immediately. It extends California’s existing conflict-of-interest statutes directly to prediction markets, which allow users to wager real money on outcomes ranging from elections to military strikes to economic decisions. Appointees are prohibited from using confidential or non-public information obtained through their official duties to profit personally on these platforms. The ban also covers helping family members, spouses, business partners, or associates place profitable bets using such information. “Public service should not be a get-rich-quick…

Bitcoin price hits 3‑week low below $66k as Trump’s “crypto czar” David Sacks exits

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Bitcoin price slid to its lowest level in nearly a month on Friday, just as David Sacks confirmed he is stepping down as President Donald Trump’s “AI and crypto czar,” amplifying anxiety over the policy outlook for digital assets. Summary Bitcoin drops below recent trading range as more than $500 million in leveraged crypto bets are liquidated. David Sacks exits his White House crypto advisory role after exhausting a 130‑day special‑employee term, raising questions over the durability of the administration’s pro‑Bitcoin agenda. Since Sacks’ appointment in late 2024, Bitcoin’s price…

How ChangeNOW’s Crypto Swap API Helped Bitcoin.com Drive a 25% Increase in User Activity – Branded Spotlight Bitcoin News

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Expanding crypto swap infrastructure within a live, high- volume product is one of the more technically demanding decisions a crypto platform can make. For Bitcoin.com – a platform with over a decade of history in the crypto industry, offering a wallet, swap, news, and educational resources to millions of users worldwide – the stakes were high. The integration of ChangeNOW as a key crypto wallet swap integration partner delivered measurable results across performance, stability, and user engagement. The Challenge: Scaling Beyond a Single-Provider Crypto Swap Infrastructure For platforms serving millions…

Vietnam Authorities Launch Probe Into Multi-Billion Dollar Crypto Fraud – Crypto News Bitcoin News

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Rapid Response and Formal Charges Authorities in Vietnam have launched a sweeping investigation into one of the country’s largest cryptocurrency fraud cases to date, detaining several high-profile figures accused of a multiyear scheme to misappropriate assets. From March 20 to 21, coordinated task forces across multiple provinces summoned more than 140 individuals for questioning and seized computers, phones, and financial records. According to local reports, investigators acted swiftly to prevent suspects from destroying documents or concealing assets. On March 23, the Security Investigation Agency of the Ministry of Public Security…

XRP Breaks Lower as Liquidations Deepen and Macro Risks Intensify Across Crypto Markets – Markets and Prices Bitcoin News

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XRP Downtrend Deepens as Key Support Faces Pressure At 9:11 a.m., XRP is trading at $1.33247, extending its recent decline as the price presses toward the lower end of its intraday range. The asset is down 3.07% over the past 24 hours, with the session high at $1.38237 and the low at $1.32559. Recent candles show a steady drift lower, with only brief attempts at stabilization failing to shift the broader short-term direction. From a 4-hour chart, XRP has formed a clear sequence of lower highs and lower lows following…

Bitcoin ETFs See $171 Million Outflow as Ether Extends Losing Streak – Markets and Prices Bitcoin News

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Crypto ETFs Slide Again: Bitcoin, Ether ETFs Deepen Losses While Solana Also Slips Confidence continues to erode across crypto ETFs. What began as a mild pullback has now turned into a more persistent wave of outflows, with little sign of immediate reversal. Bitcoin ETFs recorded a sharp $171.22 million in net outflows, marking another difficult session for the asset class. The selling was broad and consistent. Seven funds posted redemptions, highlighting the depth of the pullback. Blackrock’s IBIT led the decline with $41.92 million in outflows, followed by Bitwise’s BITB…

Bitcoin Drops Below $67,000 as Geopolitical Tensions and $14B Options Expiry Weigh on Markets – Markets and Prices Bitcoin News

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Options Expiry Bitcoin (BTC) fractured a key psychological floor Friday, plunging below the $67,000 mark for the first time since March 9. The retreat comes as market patience wears thin over the White House’s erratic maneuvers in the Middle East and traders brace for a massive quarterly derivatives settlement. President Donald Trump’s latest ten-day reprieve on potential strikes against Iranian energy infrastructure failed to ignite the peace rally some investors had anticipated. Market data shows the top cryptocurrency plummeted to a session low of $66,201 at approximately 7 a.m. EST.…

Bitcoin and Ethereum drop as Iran raises Hormuz war risk

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Two Chinese container ships linked to Cosco briefly moved toward the Strait of Hormuz on Friday before turning back near Iranian waters, adding to market concern over shipping access in the Gulf.  Summary Two Chinese-linked ships turned back near Hormuz as Iran enforced stricter control over vessel movements. Iran warned certain ships against transit, calling the strait closed to its stated enemies. Bitcoin and Ethereum fell as geopolitical tension increased and uncertainty spread across global financial markets. Meanwhile, the moves came as Iran’s Revolutionary Guard repeated that traffic tied to…

Tether Hires KPMG for First Full Financial Audit of USDT Reserves – Crypto News Bitcoin News

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Tether Reported to Hire KPMG for First Full USDT Audit The Financial Times reported on Friday that KPMG is the firm selected to perform the audit, citing people familiar with the matter. Tether had announced the engagement three days earlier without naming the auditor, describing the process as “the biggest ever inaugural audit in the history of financial markets.” The company has also reportedly retained PwC to help prepare its internal systems, controls, and reporting ahead of the review. The audit covers Tether’s full balance sheet, including U.S. Treasuries, cash…

Australia Fines Binance $6.9 Million Over Client Misclassification – Crypto News Bitcoin News

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Binance Hit With $6.9 Million Fine in Australia Case Binance’s Australian derivatives arm has been ordered to pay $6.9 million (A$10 million) after a federal court found serious failures in how it classified customers. The ruling marks one of the most significant enforcement actions against a crypto exchange in the country. The case stems from a lawsuit filed by the Australian Securities and Investments Commission (ASIC) in 2024. Regulators alleged that Binance Australia Derivatives misclassified a large portion of its users, exposing them to complex and high-risk crypto products without…