Former Binance CEO Changpeng “CZ” Zhao has been appointed as an adviser to Pakistan’s Crypto Council, a newly formed regulatory body tasked with overseeing the country’s embrace of blockchain technology and digital assets. The appointment was confirmed by Pakistan’s finance ministry and reported by Bloomberg on April 7. Zhao will advise the regulatory body on cryptocurrency regulation, infrastructure and adoption,…
BlackRock CEO Larry Fink said Monday stocks could fall 20% as the U.S. begins imposing aggressive tariffs on its trading partners, plunging markets into bearish territory. U.S. President Donald Trump imposed 10% tariffs on all U.S. imports on April 5, sparking retaliatory measures from Beijing and the European Union and igniting fears of a global trade war. Speaking at the…
Corporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump’s tariffs triggered a global market sell-off, data shows. As of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2, according to data from BitcoinTreasuries.net. The cryptocurrency’s volatility has also weighed on…
The alpha version of Midjourney v7, which was released last week, arrives at a time when the once-dominant image generator is clearly losing ground. While it still commands a massive Discord-driven user base of some 20 million people, newer tools like OpenAI’s GPT-4o, Reve, and Ideogram 3.0 have overtaken it in realism, precision, and functionality. The new model marks Midjourney’s…
Crypto markets are reeling as aggressive U.S. tariffs ignite global economic turmoil, triggering a $1 trillion wipeout and fueling extreme volatility, Binance Research finds. Binance Warns of Prolonged Crypto Volatility Amid US Tariff Shock Crypto exchange Binance published research on April 7 analyzing the fallout from escalating U.S. tariffs and their disruptive impact on global […] Source: https://news.bitcoin.com/crypto-markets-suffer-1t-hit-as-us-tariff-war-escalates/
Bitcoin’s price may be hovering close to a five-month low, but U.S. President Donald Trump’s tariffs have hit the country’s largest tech companies harder. Since Nov. 5, the largest cryptocurrency by market value has strengthened against the “Magnificent Seven,” a group of Nasdaq firms including top tech names like Apple, Nvidia, and Tesla. On Monday, one Bitcoin was worth around…
Bitcoin’s (BTC) 26.62% decline from its $109,500 all-time high is en route to becoming the deepest drawdown of the current bull market cycle, according to CryptoQuant head of research, Julio Moreno. Bitcoin price drawdown analysis. Source: X Bitcoin has experienced significant drawdowns in past cycles, with a notable 83% drop from its peak in 2018 and a 73% correction from…
As Wall Street is flashing red, JPMorgan CEO Jamie Dimon warns soaring inflation, spiraling tariffs, and shaken confidence signal a recession that could upend global markets. JPMorgan’s CEO Flags Recession Threat With Inflation Roaring and a Market Meltdown Near Jamie Dimon, the top executive at JPMorgan Chase, raised alarm Monday in his annual letter to […] Source: https://news.bitcoin.com/jamie-dimon-warns-of-inflation-shock-and-recession-risk-as-market-teeters-on-collapse/
Crypto’s worst quarter since the FTX crisis has many investors worried about the end of the bull market, but according to an industry panel, Bitcoin and altcoins’ parabolic moves haven’t even begun yet. In a panel discussion at the LONGITUDE by Cointelegraph event in Paris, France, MN Capital founder Michael van de Poppe said he thinks the bull market is…
A crypto attorney believes the U.S. government has the answer to one of technology’s greatest mysteries: the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. On Monday, James Murphy filed a Freedom of Information Act lawsuit against the U.S. Department of Homeland Security, alleging the agency knows who Nakamoto is. In a post on X (formerly Twitter), Murphy, who dubs himself…
