Category: Other Crypto News

Nauru Appoints Dadvan Yousuf Trade Commissioner for Crypto Push

boss

Nauru has appointed crypto entrepreneur Dadvan Yousuf as an international trade commissioner to help advance its digital asset strategy and attract global investment.    In a statement on Tuesday, President David Adeang said the appointment is part of the Pacific nation’s efforts to strengthen international partnerships and position itself as a hub for virtual asset activity. The government said Yousuf will support cross-border engagement with virtual asset service providers, financial institutions and technology firms. The move comes less than a year after Nauru passed legislation establishing the Command Ridge Virtual Asset…

Bitcoin ETFs Post $291M Outflows as BTC Tops $74K

boss

US-listed spot Bitcoin exchange-traded funds (ETFs) clocked a day of outflows on Monday despite BTC surging above $74,000. Spot Bitcoin (BTC) ETFs recorded $291 million outflows on Monday, the largest daily outflow since March 27, according to SoSoValue data. The selling largely came from the Fidelity Wise Origin Bitcoin Fund (FBTC), which led the outflows at $229 million, according to Farside data. As Bitcoin rose by about 5% on Monday to reach four-week highs near $75,000, the outflows interrupted what had otherwise been a firmer stretch for US Bitcoin ETFs,…

Lib Dems Urge FCA Probe into Farage Over Stack BTC Bitcoin Promotion

boss

UK Liberal Democrats have urged the Financial Conduct Authority (FCA) to investigate Nigel Farage’s ties to Bitcoin treasury company Stack BTC after it disclosed a 37 Bitcoin purchase and published promotional material featuring the Reform UK leader, who is also a shareholder. In a letter to the FCA, Liberal Democrat deputy leader Daisy Cooper asked the regulator to investigate whether Farage breached market rules by appearing in a promotional video for Stack BTC while holding a financial stake in the company. “The FCA must investigate whether Farage’s plans to cash…

Bitcoin $50K Bottom Call Faces Pushback As Price Nears $75K

boss

Previous bear markets left scars that are hard to ignore. The 2017 crash wiped out more than 80% of Bitcoin’s value. The 2021 collapse took nearly 77%. So when a fresh wave of analysts began calling for a drop to $50,000, the warnings carried weight — at least on paper. Related Reading A Different Kind Of Cycle Nick Ruck, director of LVRG Research, said the $50,000 level was being eyed as the last major buying opportunity before any real recovery could take hold. A drop to that price, he said,…

If This Happens, Dogecoin Won’t Stop Until It Crosses $1; Analyst

boss

The expectation that the Dogecoin price will cross $1 is not new, especially for investors who witnessed the historic 36,000% rally in 2021. This rally which was spurred on by billionaire Elon Musk had seen the meme coin rise from less than $0.03 to over $0.7. While this had shown Musk’s influence, it had also shown the potential of meme coins like Dogecoin to move rapidly to new all-time highs. Thus, triggering the expectation that the meme coin could see a similar run. Dogecoin At $1 Is Simply Expected Over…

US Opens Compensation Claims for OneCoin Victims

boss

The US Department of Justice has launched a compensation process for victims of the $4 billion crypto Ponzi scheme OneCoin, using forfeited assets taken from some of the scheme’s architects. The Justice Department said on Monday that more than $40 million in forfeited assets is available to compensate anyone who purchased OneCoin between 2014 and 2019 and recorded a net loss. Jay Clayton, the US Attorney for Manhattan, said the compensation process was “an important step toward returning funds to those harmed.” OneCoin was launched in 2014 with the goal…

XRP Could Face Big Moves Based On CLARITY Act Outcomes – 3 Key Price Scenarios

boss

A new report released on Monday by market analyst Sam Daodu lays out three potential paths for the XRP price this month, with the deciding factor tied to the US crypto market structure bill known as the CLARITY Act.  Daodu expects the bill to reach some kind of resolution within the remaining two weeks of April, and he argues that how the next few days unfold could determine whether XRP continues consolidating—or breaks out of its current trading zone. Why April Holds The Key According to Daodu, the Banking Committee…

Bitcoin Bears See $50K Before Any Recovery

boss

Several crypto analysts still believe that there will be a final flush out that sends Bitcoin prices as low as $50,000 before the cryptocurrency is able to mount a measurable recovery. Bitcoin (BTC) trader and author Ivan Liljeqvist posted to X on Tuesday that Bitcoin is yet to have “the big flush.” “I don’t think we’ve had it yet, I don’t think $60,000 was the bottom,” he added. “Trend is still down.” Liljeqvist said the few bounces that Bitcoin has seen “are tiny” in comparison to its wider price trend,…

Banks Criticize White House Report Favoring Stablecoin Yield

boss

The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.” The White House’s Council of Economic Advisers claimed in a research paper on Wednesday, on the “Effects of Stablecoin Yield Prohibition on Bank Lending,” that under a baseline scenario, banning stablecoin yield may only increase bank lending by $2.1 billion, representing a marginal net increase of about 0.02%. ABA chief economist Sayee Srinivasan and vice…

Bitmine’s Ethereum Holdings Hits 4% Supply Milestone

boss

As Ethereum (ETH) retests a crucial support zone, Bitmine, the second-largest crypto treasury, has announced its latest ETH purchase, which pushed the company’s holdings closer to its ultimate goal. Related Reading Bitmine Reaches Major 4% ETH Milestone On Monday, the largest Ethereum treasury in the world, Bitmine Immersion Technologies, revealed it had reached a major milestone after purchasing roughly $157 million of ETH in the past week. In its latest update, the company shared that it acquired 71,524 ETH over the past week, its highest pace of buys since the…