Day: April 3, 2025

US sanctions 8 crypto wallets tied to Garantex, Houthis

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The US Treasury Department sanctioned eight cryptocurrency wallet addresses linked to Russian crypto exchange Garantex and the Houthis. The United States Office of Foreign Assets Control (OFAC) sanctioned eight crypto addresses that data from blockchain forensic firms Chainalysis and TRM Labs had linked to the organizations. Two are deposit addresses at major crypto platforms, while the other six are privately controlled. Visualization of transaction flow related to OFAC sanctions. Source: Chainalysis The addresses in question reportedly moved nearly $1 billion worth of funds linked to sanctioned entities. Most of the…

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Binance co-founder Changpeng “CZ” Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency charity efforts. Zhao donated 1,000 BNB (BNB) tokens worth almost $600,000 to the disaster relief funds for the region on March 3, blockchain data shows. Zhao donates 1,000 BNB. Source: BscScan “Sent 1000 BNB for the donation for Myanmar and Thailand,” wrote Zhao in an April 3 X post. The crypto donation comes after Thailand and…

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin (BTC) faces “very high risk” conditions from US trade tariffs, which could spark a slump to $71,000. In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, warned about the impact of “higher than expected” US trade tariffs. ”Higher than expected” US tariffs pressure Bitcoin Bitcoin reacted noticeably worse than US stocks after President Donald Trump announced worldwide reciprocal trade tariffs on April 2. BTC/USD fell up to 8.5% on the day, while the S&P 500 managed to end the Wall Street…

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

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Lawmakers in the US states of Minnesota and Alabama filed companion bills to identical existing bills that if passed into law, would allow each state to buy Bitcoin. The Minnesota Bitcoin Act, or HF 2946, was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following an identical bill introduced on March 17 by GOP state Senator Jeremy Miller. Meanwhile, on the same day in Alabama, Republican state Senator Will Barfoot introduced Senate Bill 283, while a bi-partisan group of representatives led by Republican Mike Shaw…

Treasure DAO announces huge pivot in hopes of extending runway to February

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Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026. Treasure DAO’s chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects. “I will introduce this after all of you provide your opinions at this time. I have my own thoughts, but we must…

Did ChatGPT come up with Trump’s tariff rate formula?

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There’s a crazy theory on social media that US President Donald Trump’s newly announced reciprocal tariff plan — which hits all countries with a minimum 10% tariff — could have been designed by an artificial intelligence chatbot. Only a short period after Trump announced the tariffs at the White House Rose Garden on April 2, some X users claim they were able to duplicate the same tariff plan with a rudimentary prompt using OpenAI’s ChatGPT.  “I was able to duplicate it in ChatGPT,” NFT collector DCinvestor told his 260,000 followers…

Bitcoiner speculates ‘massive’ bot spam briefly took down Bitcoin mailing list

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One of Bitcoin’s key communication tools used to discuss potential protocol changes was knocked out for several hours starting on April 2, with one moderator speculating it may have been a targeted attack assisted by bots.  For several hours across April 2 and 3, Bitcoin core developers and researchers were unable to interact on Google Groups after Google banned the group for spam.  “Bitcoin Development Mailing List has been identified as containing spam, malware, or other malicious content,” Google’s warning stated at the time. The Bitcoin Development Mailing List’s warning…

Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?

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Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses. ADA price failed to recover above the $0.70 resistance zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.70 resistance zone. Cardano Price Dips Again In…

Hackers are selling counterfeit phones with crypto-stealing malware

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Cybersecurity firm Kaspersky says it has uncovered thousands of counterfeit Android smartphones sold online with preinstalled malware designed to steal crypto and other sensitive data.  The Android devices are sold at reduced prices, cybersecurity firm Kaspersky Labs said in an April 1 statement, but are riddled with a version of the Triada Trojan that infects every process and gives the attackers “almost unlimited control” over the device.  Dmitry Kalinin, a cybersecurity expert at Kaspersky Labs, said that once the trojan grants the attackers access to devices, they can steal crypto…

XRP Price Under Pressure—New Lows Signal More Trouble Ahead

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…