Author: driver789

Japan has taken a decisive step toward reshaping its digital asset framework after its cabinet approved a draft amendment that would classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act (FIEA). The proposal marks a shift from Japan’s current approach, which treats crypto primarily as a payment method under the Payment Services Act. By bringing digital assets under the same legal structure as stocks and other securities, policymakers aim to align the sector with established financial market standards. If passed during the current parliamentary session, the law could take effect as early as fiscal year 2027. Under…

BTC.TOP founder Jiang Zhuoer says the US‑Iran war is America’s ‘Suez Canal moment’ and reveals a medium‑term Ethereum short opened at $2,242. Summary Jiang Zhuoer, founder of BTC.TOP, says he shorted ETH at $2,242 and views all war‑driven bounces as chances to add to shorts in an unfinished bear cycle. He calls the US‑Iran conflict a “Suez Canal moment,” predicting Iran will effectively control the Strait of Hormuz and reshape oil flows while the US tacitly accepts it. Ethereum is trading in the mid‑$2,200s as Jiang links his bearish view to energy‑driven risk‑off behavior rather than Ethereum fundamentals. Jiang Zhuoer,…

The White House warned staff against improperly using confidential information to place bets in futures markets after suspicious oil trades ahead of President Donald Trump’s March 23 Iran announcement drew scrutiny, according to Reuters.Reuters reported on Thursday that the White House sent the internal email on March 24, a day after Trump ordered a five-day delay in attacks on Iran’s energy infrastructure.The warning followed a roughly $500 million bet on Brent and West Texas Intermediate crude futures placed in a one-minute burst shortly before Trump’s March 23 announcement, according to Reuters calculations based on exchange data. Oil prices fell about…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2007.93, down 0.2% (-3.4) since yesterday’s close.Six of 20 assets is trading higher.Leaders: AVAX (+0.6%) and BTC (+0.3%).Laggards: HBAR (-1.9%) and ADA (-1.3%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Bittensor subnet developer Covenant AI said Friday that it is leaving the decentralized artificial intelligence network, accusing Bittensor of operating under a concentrated governance structure that undermines its decentralization claims.In a Friday post on X, Covenant AI founder Sam Dare said the team could no longer build on or raise for Bittensor because its governance was not meaningfully distributed.“It is decentralization theatre,” Dare said. “Jacob Steeves maintains effective control over the triumvirate, resists any meaningful transfer of authority, and deploys changes unilaterally whenever he chooses, without process and without consensus.”The dispute cuts to the core of Bittensor’s decentralization pitch. Covenant…

A crypto analyst has shared two interesting scenarios she believes that the Bitcoin price could follow, depending on the direction of its next moves. According to the analyst, a price breakdown to new lows near $50,000 could be bullish for BTC, suggesting the cryptocurrency may reverse to the upside after hitting that bottom. On the other hand, she has also shared a bearish thesis which could see the flagship cryptocurrency extending its already prolonged downtrend.  A Possible Bullish Scenario For The Bitcoin Price Crypto market analyst Tara has presented a price chart outlining a detailed roadmap for Bitcoin, depending on…

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…

Three prominent voices in finance, crypto, and policy urged Congress this week to move quickly on the Clarity Act, a long-awaited bill to define how cryptocurrencies and blockchain-based financial products operate under U.S. law. Treasury Secretary Scott Bessent called for the Senate Banking Committee to advance the legislation to President Trump’s desk, saying that Congress has spent years debating a framework to “onshore the future of finance.” “Senate time is precious, and now is the time to act,” Bessent said on social media, echoing points from his Wall Street Journal op-ed that argued U.S. leadership in global finance depends on…

Key takeawaysImpersonation scams can be low-tech yet highly effective, using fake websites that closely mimic trusted cryptocurrency platforms to deceive users.The CoinDCX case shows how a 7.16 million rupee fraud complaint escalated into legal action before it was identified as an impersonation case.The fake domain coindcx.pro, not the real platform, was used to mislead the victim and carry out the fraud.Scammers built a complete fake ecosystem using websites, Telegram channels and social media to create credibility.While coverage of the cryptocurrency industry often focuses on market volatility, smart contract vulnerabilities and shifting government policies, some serious threats are remarkably low-tech. Deception…

Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchorpoint Financial, a Standard Chartered-led consortium that includes Animoca Brands on Friday.The approvals by the Hong Kong Monetary Authority (HKMA), the territory’s central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025.”We look forward to the issuers launching business according to their plans, exploring growth opportunities while properly managing risks,” HKMA chief executive Eddie Yue said in an announcement on Friday. “We hope their promotion of regulated stablecoins will address pain points in financial and economic activities, create values for both individuals…