Tag: News

New Jersey Loses Bid to Shut Down Kalshi Sports Contracts After Federal Appeal – Legal Bitcoin News

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Key Takeaways: A Third Circuit appeals court ruled 2-1 on April 6, 2026, that federal law blocks New Jersey from enforcing state gambling rules against Kalshi. The decision gives Kalshi federal preemption protection across New Jersey, where the platform reports over $1 billion in weekly trading volume. New Jersey may seek en banc or Supreme Court review, with at least 19 federal Kalshi lawsuits still pending nationwide. Kalshi Scores Federal Court Win as Third Circuit Strikes Down New Jersey Cease-and-Desist The U.S. Court of Appeals for the Third Circuit issued…

Jamie Dimon Warns of Lasting Impact of Wars and Trade Shifts on Global Economy – Economics Bitcoin News

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Key Takeaways: Jamie Dimon said wars could drive prolonged global economic uncertainty. JPMorgan warns high debt and asset prices may amplify volatility if conditions shift. Dimon says trade realignment and conflict could shape the global order for years. JPMorgan’s CEO Signals Trade Realignment and War Driving Structural Economic Change Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. (NYSE: JPM), warned of lasting global economic impacts from wars and shifting trade dynamics on April 6 in his annual letter to shareholders. The largest U.S. bank by assets outlined rising…

South Korean Fintech Toss Targets Web3 Finance With Proprietary Mainnet and 24 Stablecoin Trademarks – Crypto News Bitcoin News

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Key Takeaways: Toss, operated by Viva Republica, is building an L1 blockchain mainnet and native coin to power its 30 million-user financial platform. South Korea’s pending Digital Asset Basic Law has delayed final decisions on whether Toss pursues an L1 or L2 approach. A Stablecoin Task Force led by Chief Business Officer Kyuha Kim filed 24 KRW stablecoin trademarks in June 2025, including “TOSSKRW.” South Korea’s Toss Recruits Blockchain Engineers as Mainnet Plans Advance in 2026 The fintech company Toss serves roughly 30 million registered users, close to 60% of…

Bitmine Reaches 4.803 Million ETH, Announces NYSE Uplisting – Crypto News Bitcoin News

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Key Takeaways: Bitmine holds 4.803 million ETH worth $10.2 billion, making it the world’s largest ethereum treasury as of April 6, 2026. MAVAN, Bitmine’s institutional staking platform, has staked 3.33 million ETH generating $196 million in annualized staking revenue. Bitmine’s NYSE uplisting takes effect April 9, 2026, as the company targets 5% of total ETH supply under Chairman Tom Lee. Bitmine Buys 71,252 ETH in One Week, Highest Pace Since December 2025 The Norwalk, Conn.-based company Bitmine said its common stock will move from NYSE American to the NYSE effective…

766,970 BTC Stack—Strategy Buys More Bitcoin After Saylor’s ‘Back to Work’ Hint on Sunday – News Bytes Bitcoin News

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Key Takeaways: Strategy bought 4,871 BTC for ~$329.9M at ~$67,718 per coin on April 6, 2026, per Saylor’s announcement. With 766,970 BTC held at an avg cost of $75,644, Strategy carries a notable unrealized loss at current prices. Saylor declared the Bitcoin four-year cycle dead, citing capital flows and bank credit as the new price drivers. Strategy Spends $329.9 Million on Bitcoin as Price Trades Below Cost Basis The purchase came at roughly $67,718 per coin, bringing Strategy’s total holdings to 766,970 BTC as of April 5, 2026. The company…

Bitcoin Reclaims $70,000 as Middle East Ceasefire Hopes Spark Relief Rally – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin hit $70,275 on April 6, lifting market cap above $1.4T and triggering $325M liquidations. WTI crude swung from $112.24 to $109 before rebounding above $110 as Tehran rejected U.S. proposals. Ethereum surged 5% to $2,165, while ADA and LINK gained over 6%, pushing altcoin cap past $1.1T. Energy Markets and the ‘Olive Branch’ Volatility Bitcoin surged to the $70,000 mark Monday, April 6, buoyed by reports of a potential 45-day ceasefire in the Middle East. Market sentiment shifted as diplomatic efforts sought to avert a massive escalation…

Bitgo CEO Proposes Using a Public Blockchain as the Ultimate Solution for Government Fraud – Crypto News Bitcoin News

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Key takeaways: Bigo CEO Mike Belshe proposes using a blockchain to stop billions in annual US fraud. VP Vance’s focus on fraud schemes shows how this is affecting the U.S. economy. Following 2025 trials, Russia enabled the digital ruble for all federal payments in January 2026. Bitgo CEO Mike Belshe: Put Money on a Public Blockchain to Reduce Fraud While the federal government is trying to stop what President Trump has called a “free-for-all theft” leading to state and federal fraud, cryptocurrency personalities have proposed new solutions to this issue.…

Circle Announces Quantum-Resistant Roadmap to Secure Future Digital Asset Infrastructure – News Bytes Bitcoin News

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Key Takeaways Circle will debut post-quantum signature support at the Arc mainnet launch scheduled for 2026. The Arc roadmap secures private smart contract states and validator sets against 2030 quantum threats. Institutions can utilize an opt-in migration path to upgrade wallet security without disruptive network resets. Arc Integrates Post-Quantum Standards for Institutional Security Circle Technology Services has unveiled a phased cryptographic roadmap for Arc, a blockchain platform designed to withstand the emergence of quantum computing. The initiative addresses “Q-Day,” the projected point when quantum computers could break current public-key encryption,…

Russia Moves to Formalize Cryptocurrency Market With New Legislation – Regulation Bitcoin News

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Key Takeaways: The State Duma introduced 3 crypto bills capping non-qualified investors at $3,730 in yearly buys. Tax reporting on cryptocurrency transactions will be mandatory, and illegal crypto use will be punishable with fines and up to a 2-year ban. Cifra Markets’ Alexey Korolenko predicts an upcoming purge, with many Russian exchanges closing soon. Russia Sets up Regulatory Infrastructure to Support Cryptocurrency Operations Russia is advancing to bring clarity to local cryptocurrency activities happening in a gray legal zone. The Russian government has recently introduced a series of bills to…