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North Carolina Embraces Crypto Investment and Blockchain Technology
The North Carolina House has passed a bill allowing the state treasury to explore investing in cryptocurrencies and blockchain technology. This move signifies a shift towards modernizing public finance. The bill also establishes a Digital Assets Strategic Task Force to assess risks and opportunities in crypto investments, promote economic growth, and collaborate with local universities. With bipartisan support, the House approved the Blockchain and Digital Asset Investment Act, enabling investme
US President Donald Trump recently suggested families reduce gift-giving this year due to tariffs. Small businesses, like Mischief Toy Store, are suing Trump over his tariff plan. Trump's power to impose tariffs is not directly from the Constitution but delegated by Congress. The Reciprocal Trade Agreement Act of 1934 allowed presidents to set tariff rates through agreements. Trump's unilateral tariffs, based on the International Emergency Economic Powers Act, have faced legal challenges. States
Bitcoin mining company Riot Platforms reported its highest-ever quarterly revenue of $161.4 million, exceeding Wall Street estimates by 1%. Despite the record revenue, the company still posted a net loss of $296,367 in the first quarter of 2025. This loss was attributed to a nearly doubled mining cost of $43,808 per Bitcoin, compared to $23,034 in the same period last year. The increase in mining costs was primarily due to the block subsidy halving event and a 41% rise in the global network hash
Proposal to Install Cryptocurrency ATMs in Federal Buildings
A Texas congressman has suggested the installation of cryptocurrency ATMs in federal buildings across the US. Rep. Lance Gooden believes that these ATMs would serve as educational tools and showcase advancements in financial technology. He has urged the General Services Administration (GSA) to explore the necessary guidelines for this initiative, aligning it with President Trump's objectives. Gooden, who has no investments in cryptocurrency, proposed this idea amidst discussions in the Senate ab
Australia's Crypto Regulations: A Missed Opportunity
Despite the potential influence of 2 million pro-crypto voters in the Australian Federal Election, crypto has not been a focal point. Both major parties, ALP and Liberal, are now pledging to implement crypto regulations in consultation with the industry after years of inaction. The Libertarian Party has proposed a Bitcoin policy, while the Greens and One Nation have differing stances. The ALP government, despite delays, is showing a shift towards recognizing the economic potential of digital ass
A recent incident in Spain, Portugal, and parts of France has sparked a debate on the importance of large-scale, fast-acting mining operations in grid stability. Daniel Batten, a key figure in the Bitcoin mining sector, argues that the power outage could have been prevented if the Iberian grid had such operations. He highlights the need for rapid load-balancing during outages, which Bitcoin miners can provide. Batten suggests that the lack of conventional inertia from thermal or nuclear plants m
Malaysian authorities recently raided a Bitcoin mining operation in Hulu Terengganu and Marang, seizing 45 machines valued at $52,145. The syndicates behind the operation illegally tapped into the local grid, causing monthly losses of $8,342. While Bitcoin mining is legal in Malaysia, tampering with electricity connectivity can lead to imprisonment or fines. The rise of illegal mining activities in East and Southeast Asia, driven by international criminal groups, poses challenges. China's ban on
Bitcoin Yield Strategies in Demand Among Institutions
The demand for yield-generating strategies around Bitcoin is increasing, particularly from firms looking for liquidity without selling their BTC, as stated by Ryan Chow, Solv Protocol's co-founder and CEO. Institutional interest in Bitcoin yield products has grown significantly in recent years. Previously, generating Bitcoin yield was challenging, but innovations like staking through PoS protocols and delta-neutral trading have made it feasible. Advancements in layer-1 and layer-2, such as Babyl
Morgan Stanley Plans to List Cryptocurrencies on E*Trade Platform
Banking giant Morgan Stanley is reportedly looking to list cryptocurrencies on its E*Trade investment platform by 2026. The firm is in the early stages of development and is considering partnerships with established crypto companies. Discussions about supporting digital assets began in late 2024. This move would not be the first exposure to crypto for Morgan Stanley, as its wealthiest clients have had access to crypto ETFs and futures since August 2024. The decision to list crypto assets on E*Tr
Elon Musk Criticizes WSJ Over False Report on Tesla Board Seeking Replacement
Tesla CEO Elon Musk criticized The Wall Street Journal (WSJ) for publishing a false report claiming that the Tesla board was looking for his replacement. The article alleged concerns over Musk's political involvement and divided attention across various ventures. Musk and Tesla board chair Robyn Denholm denied the claims, asserting confidence in Musk's leadership. The report comes amidst scrutiny of Musk's political ties and its impact on Tesla's performance. Despite a decline in profits and mar
Strategy's Stock Soars Amid Speculation of Major Capital Raise
Strategy's stock surged by 32% in April, marking its largest monthly gain since November. Speculation is mounting that Strategy will reveal a significant capital raise during its Q1 earnings call on May 1, as it expands its Bitcoin holdings. Analysts anticipate a 1% year-on-year revenue increase to $116.6 million, following the firm's $120.7 million revenues in Q4 2024. Michael Saylor's Strategy closed April with its highest monthly gain in five months, reaching $380.11 on April 30. The recent s
Bitcoin and Risk Assets Poised to Benefit from US Recession Predictions
Bitcoin traders are closely monitoring signals of potential US economic policy changes as data pressures the Federal Reserve. Sources suggest a looming recession due to increasing unemployment and resurging inflation. In this scenario, Bitcoin and other risk assets are expected to thrive. The US economy faces challenges from trade tariffs and inflation, putting the Fed in a difficult position. The latest economic data, including Q1 GDP, indicates a negative trend, forcing the Fed to make tough d
Hollywood to Adapt Story of Man Who Lost $750 Million in Bitcoin
A Welsh man's tale of accidentally discarding $750 million worth of Bitcoin is set to be made into a Hollywood production. James Howells, an IT engineer, mined 8,000 BTC in 2009, only to lose them when a former partner disposed of a hard drive containing the tokens in 2013. Despite efforts to locate the lost fortune in a landfill, a British court has prohibited further searches. Howells intends to purchase the landfill upon its closure. Lebul, a Los Angeles production company, has acquired the r
Anthony Pompliano, a prominent crypto investor and social media figure, is aiming to raise $200 million through a SPAC IPO to make his influence in the crypto space public. ProCap Acquisition Corp., led by Pompliano, has filed documents with the SEC to go public on Nasdaq under the ticker “PCAPU.” Each $10 unit will consist of a Class A ordinary share and one-third of a warrant. The SPAC will focus on financial services, fintech, and digital assets, reflecting Pompliano's expertise and reputatio
The crypto industry has witnessed a significant shift towards regulatory compliance since its inception, as noted by James Smith, co-founder of Elliptic, a crypto compliance firm founded in 2013. Initially, only a few companies prioritized compliance, with Coinbase being an early adopter. However, the landscape changed with increased regulatory interest, particularly from entities like Fidelity and DBS Bank entering the space with established compliance standards. This shift has led to a global
South Korea's People Power Party Unveils Crypto Policy Proposals Ahead of Presidential Election
As South Korea prepares for the upcoming presidential election on June 3, the People Power Party (PPP) has introduced a comprehensive set of crypto policy suggestions to transform the country's digital asset market. The PPP presented seven new initiatives during a meeting at the National Assembly, including easing restrictions on banks collaborating with crypto exchanges and establishing legal frameworks for tokenized assets and spot exchange-traded funds (ETFs). These proposals come amidst a sh
Trump Media & Technology Group Explores Utility Token and Digital Wallet
Trump Media & Technology Group (TMTG) is considering the launch of a utility token and a native digital wallet to enhance its Truth+ platform, a streaming service. CEO Devin Nunes outlined plans to expand digital offerings, introduce a subscription package with premium content, and explore a rewards program with a utility token. The company aims to secure new programming, including family-friendly entertainment and unbiased news broadcasts. TMTG's previous ventures in the sector include a $250 m
The Looming Threat of Quantum Computing to Bitcoin
Galaxy Digital’s Head of Research, Alex Thorn, has expressed concerns about the potential danger quantum computing poses to Bitcoin. Thorn highlighted that a quantum attack could compromise Bitcoin's security due to its cryptographic vulnerabilities. While efforts are being made to develop quantum-resistant cryptography, the timeline for a fully secure solution remains uncertain. Some experts believe that quantum computing could lead to Bitcoin's decline, while others remain hopeful that the cry
Bitcoin Core developer Peter Todd has proposed removing size limits on OP_RETURN, sparking a heated debate. The proposal aims to simplify Bitcoin's codebase and improve efficiency without compromising the network. Todd argues that formalizing higher limits would align with existing practices and benefit use cases like sidechains and cross-chain bridges. However, critics view the change as a dangerous shift away from Bitcoin's monetary focus. Some fear it could lead to the cryptocurrency becoming
Bitcoin's potential as an inflation hedge in 2025 is driven by its unique supply-and-demand dynamics and growing institutional adoption. While it is often touted as a digital gold due to its scarcity and decentralization, its high volatility and centralization concerns make it more of a speculative asset than a reliable safeguard against inflation. Bitcoin's fixed supply of 21 million coins and halving events every four years contribute to its inflation-resistant properties, attracting investors