US banks are ‘free to begin supporting Bitcoin’ — Michael Saylor
Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency. On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable […]
Russian crypto exchanger Mosca raided amid cash-to-crypto ban talks
As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have encountered police raids. Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Dmitry Titarenko, Mosca’s development head, confirmed to Cointelegraph. “Law […]
Circle executive denies claims of seeking US banking license
An executive at major stablecoin issuer Circle denied reports that the company is looking to obtain a US federal bank charter. In an April 25 X post, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied that the company is interested in obtaining a US federal bank charter or acquiring an insured […]
Blockchain needs regulation, scalability to close AI hiring gap
The emerging blockchain industry lags behind the artificial intelligence sector in terms of job creation, but this hiring gap may narrow by 2030. Blockchain remains one of the smallest sectors in the tech industry, with about 300,000 global jobs, compared to 1.5 million in AI and machine learning and 25 million in software development, according […]
SUI’s 73% weekly price gains top crypto market — New price record in reach?
Key takeaways: SUI is up 23% in the past 24 hours and 73% weekly, outperforming top-cap cryptocurrencies. The launch of the Grayscale SUI Trust and the xPortal/xMoney Mastercard partnership boosted investor confidence. SUI’s TVL is up 40%, and daily DEX volumes surge by 177%, signaling strong ecosystem trust and utility. Sui (SUI) price was up […]
China may shift from US Treasurys toward gold, crypto — BlackRock exec
Central banks, particularly China, may start to shift away from US Treasurys, exploring alternatives such as gold and Bitcoin, according to Jay Jacobs, BlackRock’s head of thematics and active ETFs. In a recent interview with CNBC, Jacobs said that geopolitical tensions and rising global uncertainty are accelerating diversification strategies among central banks. He pointed to […]
5 Bitcoin charts predicting BTC price rally toward $100K by May
Key Takeaways: BTC liquidation levels, onchain data, and chart setups converge at the $100K target. Profitability has surged, suggesting a rebound in market confidence. BTC breakout patterns point to $100K as a short-squeeze and euphoria magnet. Bitcoin (BTC) is flashing multiple technical and onchain signals suggesting that a rally to $100,000 is possible by May. […]
The sentiment engine of Bitcoin ETFs is rewiring market structure
The tide of capital once destined for raw spot Bitcoin has begun to flow through institutional canals, spot exchange-traded funds (ETFs), structured products and wrapped exposure, and while the water is rising fast, the waves aren’t quite the same. Bloomberg’s senior ETF analyst, Eric Balchunas, pointed out on X that there is a large movement […]
OpenSea regains NFT market lead as rivals fall behind in user activity
Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined. Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s […]
Sam Bankman-Fried moved to a low-security prison — so what?
Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institution Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best. Samuel Goldfaden, a partner at the […]