Trump’s Crypto Push Faces Backlash Big moves… and big concerns.
Critics are sounding alarms over President Trump’s aggressive deregulation of the crypto industry — especially as the Trump family reportedly expands its footprint in the space.
One major talking point? The administration’s plan to build a national Bitcoin reserve.
While it’s bullish for some, others warn it may fuel illicit activity due to weaker oversight and blurred lines between government and private interests.
Is this strategic adoption — or opening the floodgates?
Bitcoin is increasingly viewed as a barometer of risk rather than a safe-haven asset. Its strong positive correlation with the Australian dollar-yen rate suggests sensitivity to global economic tensions, such as the ongoing U.S.-China trade war.
Bitcoin's trading volume on major exchanges has seen a significant increase, with Coinbase reporting $7.8 billion in BTC/USDT trades on April 17, 2025. Additionally, the Bitcoin network's hash rate reached an all-time high of 300 EH/s, indicating strong miner confidence.#CryptoNews
🇵🇰 Pakistan Launches Crypto Council with Binance Co-Founder as Adviser
In March 2025, Pakistan established the Pakistan Crypto Council (PCC) to oversee and promote blockchain technology and digital assets within the country. The council is chaired by Finance Minister Muhammad Aurangzeb, with Bilal Bin Saqib as CEO. Notably, Binance co-founder Changpeng Zhao has been appointed as a strategic adviser to the PCC, signaling Pakistan's commitment to integrating blockchain into its financial landscape. #CryptoNews
While there is no comprehensive legal framework for cryptocurrencies in Azerbaijan, the Central Bank has begun issuing licenses to companies engaging in cryptocurrency operations. Azerbaijani citizens can own and trade cryptocurrencies online and use them through international online stores. However, the use of cryptocurrencies as a payment method within the country is not yet planned, as appropriate mechanisms have not been developed. #CryptoNews
Azerbaijan has introduced its first official cryptocurrency, PortCoin (PTC), developed by Mobile Payment Solutions LLC, known for the Portmanat platform. PortCoin operates on the Binance Smart Chain (BEP-20 standard) and has been tested under a special regulatory regime supervised by the Central Bank of Azerbaijan since November 2024. The cryptocurrency allows users to buy, sell, and convert funds from foreign crypto wallets to Azerbaijani manats through the Portmanat application. Transaction limits are set at 1,000 AZN per month and 5,000 AZN over six months. #CryptoNews #Daily
ICERAID, an app promoted by right-wing figures, claims to reward users with cryptocurrency for reporting alleged crimes, including illegal immigration. Marketed as a "GovFi protocol" on the Solana blockchain, the app is criticized for being a promotion for a meme coin rather than a legitimate tool for public safety. The app has faced skepticism due to unclear functionality, minimal user submissions, and questionable payout claims.#CryptoNews #Daily
Bhutan is leveraging its abundant hydropower resources to mine green cryptocurrencies, aiming to stimulate economic growth and curb youth emigration. The nation's sovereign wealth fund, Druk Holding and Investments Ltd., has been investing in cryptocurrencies since 2019, using profits to pay government salaries. Bhutan plans to expand its hydropower capacity to attract environmentally conscious digital asset companies and train its youth in blockchain and AI technologies.#CryptoNews #Daily