Bitcoin (BTC) fell 4.29% last week, but the bulls started a recovery by pushing the price back above $83,500 on March 31. However, traders are likely to remain on edge until April 2, when new US trade tariffs are set to kick in. The event could trigger a sharp, knee-jerk reaction on either side of the market. Traders remain cautious…
Bitcoin ETFs recorded a second consecutive week of inflows, adding $196 million despite a sharp Friday outflow. Blackrock’s IBIT and Fidelity’s FBTC led the charge, while ether ETFs saw their fifth straight week of outflows, losing $8.64 million. Bitcoin ETFs Secure Another Week of Inflows as Ether ETFs Weekly Outflow Streak Reaches Fifth Week The […] Source: https://news.bitcoin.com/bitcoin-etfs-post-second-straight-week-of-inflows-with-196-million-inflow/
The US dollar could lose its status as the world’s reserve currency to Bitcoin or other digital assets if the United States does not get its debt under control, according to BlackRock CEO Larry Fink. Fink wrote in his Annual Chairman’s Letter to Investors that “decentralized finance is an extraordinary innovation” that makes “markets faster, cheaper, and more transparent.” But…
On March 19, Ripple CEO Brad Garlinghouse announced that the company had been cleared by the US Securities and Exchange Commission regarding an alleged $1.3 billion unregistered securities offering. Following the news, XRP (XRP) surged to $2.59, but the gains gradually faded as the cryptocurrency experienced a 22% correction, dropping to $2.02 by March 31. Investors worry that a deeper…
Opinion by: Genny Ngai and Will Roth of Morrison Cohen LLP Since taking office, the Trump administration has designated several drug and violent cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). US President Donald Trump has also called for the “total elimination” of these cartels and the like. These executive directives are not good developments for…
Android users beware: A newly discovered piece of malware is targeting smartphone crypto wallets. Uncovered by fraud prevention firm ThreatFabric, the “Crocodilus” mobile banking trojan employs tools including remote control, black screen overlays, and advanced data harvesting through accessibility logging to trick crypto holders into handing over their wallet seed phrase. The malware “is masquerading as crypto-related apps and involves…
Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to 10 payments in bitcoin valued at less than $1,000 per month (or sell the equivalent amount) without being subject to state capital gains taxes. The bill is an amendment to existing state income tax laws, and the…
The cryptocurrency fell to $81K on Sunday before climbing back to $83K as institutional investors rushed in to “buy the dip.” Bitcoin Climbs Back to $83K After a Tough Weekend The leading digital asset dipped to $81K over the weekend, but news of Strategy (MSTR) and Metaplanet (3350) institutional purchases of $1.92 billion and $13.3 […] Source: https://news.bitcoin.com/bitcoin-reclaims-83k-as-institutional-buying-ramps-up/
Ethereum NFT marketplace X2Y2 is shutting down its trading platform at the end of April, the firm announced Monday, as the development team pivots to the intersection of artificial intelligence (AI) and crypto. X2Y2’s smart contracts will persist, so trades can still be executed, but users will not be able to use the website’s front-end after April 30. “I know…
April 2 is shaping up to be a pivotal moment in global trade policy. US President Donald Trump has dubbed it “Liberation Day,” in reference to when new tariffs—exceeding 20%—will hit imports from over 25 countries. According to The Wall Street Journal, the administration is also weighing “broader and higher tariffs” beyond this initial wave, meaning that April 2nd is…
