CRYPTO
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions. What to know: Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil trade, Reuters reported, citing sources familiar with the […]
Bitcoin Is A Strategic Asset, Not XRP
The U.S. government should ignore proposals requesting that it conceptualize XRP as a strategic asset, as bitcoin is the only strategic asset in the crypto space. A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic […]
Bitcoin’s Role in DeFi Is ‘Untapped Opportunity,’ Binance Research Says
The Bitcoin network is evolving into a wider DeFi ecosystem, the report said. What to know: Bitcoin’s (BTC) role in decentralized finance (DeFi) is growing as the world’s largest cryptocurrency evolves from more than just a store of value, Binance Research said in a report Thursday. The Bitcoin network is […]
Lawyer Requests Interpol Red Notice for Libra Founder Hayden Davis: Report
Attorney Gregorio Dalbon raised the procedural risk of U.S. citizen Davis remaining at large and of his financial resources allowing him to stay in hiding What to know: A lawyer in Argentina has requested an international arrest order for Hayden Davis, the founder of memecoin LIBRA, Buenos Aires newspaper Pagina 12 […]
Gold Jumps to New Record, for Now Winning Debate Against Bitcoin as Risk-Off Asset
The yellow metal has risen as stocks (and bitcoin) have crumbled over the past few weeks. What to know: After the meekest of rallies yesterday following some soft inflation numbers, U.S. stocks Thursday are once again headed sharply lower and apparently pulling bitcoin (BTC) along for the ride. Just ahead […]
U.S. Strategic Bitcoin Reserve a ‘Monumental Endorsement’ of the Crypto: H.C. Wainwright
The SBR will elevate bitcoin’s institutional standing, the report said. What to know: The establishment of a Strategic Bitcoin Reserve (SBR) in the U.S. is a “monumental endorsement” of the world’s largest cryptocurrency, broker H.C. Wainwright said in a research report Monday. The move mints bitcoin’s “legitimacy in the mold […]
Bitcoin Reserves And The Incentives Of Civil Asset Forfeiture
An examination of the incentives created by structuring a Bitcoin reserve to hold seized coins with civil asset forfeiture existing. Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed. First, the Reserve appears to be far from Bitcoin only. […]
XRP, ADA, SOL Fall Harder Than BTC as White House Crypto Summit Fails to Wow Traders
Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance. What to know: The much-anticipated White House Crypto Summit on Friday ended with a whimper rather than a bang for cryptocurrency traders, […]
Coinbase CEO Armstrong Says He’ll Hire 1,000 in U.S. as Crypto Tide Turns
Brian Armstrong said recent policy shifts warrant a new push in the U.S., and president’s working group chief Hines said Trump is delivering on crypto promises. What to know: WASHINGTON, D.C. — As he walked out of the White House’s crypto summit on Friday, Coinbase CEO Brian Armstrong said his […]
Texas Strategic Bitcoin Reserve Bill Passes The Senate
In a vote of 25-5, Texas’ bitcoin reserve legislation has been approved by the Senate. It will now advance to the House. Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will […]
