Author: driver789
Political pressure is building in the United Kingdom as regulators face calls to examine bitcoin promotion tied to public officials, while broader scrutiny of digital asset markets continues across jurisdictions. Liberal Democrat deputy leader Daisy Cooper urged the Financial Conduct Authority to investigate Nigel Farage over his involvement with bitcoin treasury firm Stack BTC. The request follows a promotional video in which the company said Farage executed a £2 million bitcoin purchase on its behalf. The company described the purchase as a “landmark moment” in British politics, stating that Farage is the first sitting MP and the first UK political…
Ethereum price rose over 9% on Tuesday amid a broader market rally fueled by renewed hopes of a more stable U.S.-Iran ceasefire soon. Summary Ethereum rose over 9% to a 10-week high of $2,393, driven by improving risk sentiment tied to a potential U.S.-Iran ceasefire. Strong institutional demand, including Bitmine’s continued ETH accumulation and $123.5M in short liquidations, supported the rally. A breakout from a descending channel signals a potential move toward $3,400, with $2,500 as the next key resistance level. According to data from crypto.news, Ethereum (ETH) price rose 9.2% to a 10-week high of $2,393 on Tuesday, extending…
Update April 14, 12:39 pm UTC: This article has been updated to include a comment from a Kraken spokesperson.Deutsche Börse said Tuesday it will invest $200 million in Payward, the parent company of crypto exchange Kraken, deepening a partnership between the two companies as the German exchange operator expands further into digital assets.The investment, which is subject to regulatory approval and is expected to close in the second quarter, will give Deutsche Börse a 1.5% fully diluted stake in Kraken through a secondary share purchase.The investment is another sign of growing interest in the cryptocurrency industry from traditional finance (TradFi)…
Bitcoin’s approach toward $75,000 is drawing increased attention from analysts, who told CoinDesk the level could mark a key shift in the market’s current rangebound structure.“A clean break above $75,000 wouldn’t just be another move higher; it would represent a structural breakout from consolidation and likely shift the market into a new upward trend,” said Mati Greenspan, founder of Quantum Economics and a former senior market analyst at eToro.The cryptocurrency has not traded above $75,000 since Feb. 2, as BTC was on a descending trend from a brief $95,000 visit that saw it drop to roughly $62,000 on Feb. 5,…
A wave of forced liquidations swept through crypto markets on Tuesday as traders who had bet against Bitcoin and Ether were caught off guard by a sharp price surge tied to hopes of a US-Iran agreement. Related Reading Around 80% of the $530 million in total liquidations over 24 hours — roughly $425 million — came from leveraged short positions in the two largest cryptocurrencies. Bitcoin touched just under $75,000 on CoinMarketCap, a level not seen in nearly a month, before running into heavy resistance and retreating to about $74,655. Ether made an even bigger move, climbing 7% to reach…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…
The American Bankers Association is warning that the White House’s latest stablecoin study is asking the wrong question and underestimating the threat to community banks. On April 8, the Council of Economic Advisers released a 21‑page paper modeling what happens if payment stablecoin issuers are barred from paying yield. The analysis, tied to the 2025 GENIUS Act’s prohibition on interest for payment stablecoins, finds that banning yield would raise bank lending by only about 2.1 billion dollars, or roughly 0.02% of a 12 trillion dollar loan book. The report also estimates that consumers would forgo around 800 million dollars in…
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 in on Crypto could potentially amount to market abuse and a conflict…
Steve Aoki told CoinDesk in August 2021 that NFTs would be “part of culture” within five years. Almost exactly five years later, he is liquidating what’s left of his crypto portfolio.Arkham Intelligence data shows Aoki’s wallet sold 1.785 billion SHIB for roughly $10,300 and swapped 7.25 ETH for approximately $15,900 on Monday, routing $29,650 in USDT to Gemini. Two weeks earlier, the same wallet sold 4.155 billion PEPE through 1inch for $14,700. Smaller stablecoin movements of $600 to $1,700 through MetaMask filled in the gaps between the larger exits.These sales are pocket change but the losses are not.Aoki paid over…
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…