Day: April 12, 2025

Senator Tim Scott is confident market structure bill passed by August

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Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025. The chairman also noted the Senate Banking Committee’s advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025, as evidence that the committee prioritizes crypto policy. In a statement to Fox News, Scott said: “We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is…

US Social Security moves public comms to X amid DOGE-led job cuts — Report

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The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon Musk. According to anonymous sources who spoke with WIRED, the government agency will no longer issue its customary letters and press releases to communicate changes to the public, instead relying on X as its primary form of public-facing communication. The shift comes as the SSA downsizes its workforce from 57,000 employees to roughly 50,000 to reduce…

XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP has staged an impressive recovery to reclaim the $2 price level after plunging to a weekly low of $1.657 in a steep midweek correction. The rebound comes at…

Trump exempts select tech products from tariffs, crypto to benefit?

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United States President Donald Trump has exempted an array of tech products including, smartphones, chips, computers, and select electronics from tariffs, giving the tech industry a much-needed respite from trade pressures. According to the US Customs and Border Protection, storage cards, modems, diodes, semiconductors, and other electronics were also excluded from the ongoing trade tariffs. “Large-cap technology companies will ultimately come out ahead when this is all said and done,” The Kobeissi letter wrote in an April 12 X post. US Customs and Border Protection announces tariff exemptions on select…

Jack Dorsey, Elon Musk spark debate over IP law

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Key Takeaways Jack Dorsey initiated a controversy by suggesting the removal of IP law. The debate highlights the growing tension between decentralization advocates and traditional legal frameworks. Share this article Jack Dorsey wants to scrap IP laws entirely. Elon Musk backs the idea, but not everyone vibes with it. The co-founder of Block and Twitter, now rebranded as X, said in a Friday statement that all forms of intellectual property law, such as copyright or patents, should be abolished. delete all IP law — jack (@jack) April 11, 2025 The…

Asia holds crypto liquidity, but US Treasurys will unlock institutional funds

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Opinion by: Jack Lu, CEO of BounceBit For years, crypto has promised a more open and efficient financial system. A fundamental inefficiency remains: the disconnect between US capital markets and Asia’s liquidity hubs. The United States dominates capital formation, and its recent embrace of tokenized treasuries and real-world assets signals a significant step toward blockchain-based finance. Meanwhile, Asia has historically been a global crypto trading and liquidity hub despite evolving regulatory shifts. These two economies operate, however, in silos, limiting how capital can move seamlessly into digital assets. This isn’t…

CZ claps back against ‘baseless’ US plea deal allegations

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Changpeng “CZ” Zhao, former CEO of Binance, has denied claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ). In an April 11 report, The Wall Street Journal cited unnamed sources alleging that CZ had agreed to testify against Sun under the terms of his settlement with US prosecutors. “As part of Zhao’s plea deal, he agreed to give evidence on Sun to prosecutors,” an “arrangement” that “hasn’t previously been reported,” the WSJ report…

NFT trader sells CryptoPunk after a year for nearly $10M loss

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An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market. A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH) worth more than $6 million at the time of writing. The investor originally purchased the NFT for 4,500 ETH, or roughly $15.7 million, a year ago, according to blockchain analytics firm Lookonchain. “Did he only lose 500 $ETH($774K)? No—he actually lost $9.73M!” Lookonchain wrote in an X post. “When he…

Bitcoin still on track for $1.8M in 2035, says analyst

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Bitcoin remains on track to surpass $1.8 million by 2035 despite recent price corrections and waning investor appetite caused by ongoing global trade tensions, according to Joe Burnett, director of market research at Unchained. Speaking during Cointelegraph’s Chainreaction live show on X, Burnett said that Bitcoin is still in a long-term bullish cycle and could potentially rival or surpass gold’s $21 trillion market capitalization within the next decade. Despite tariff uncertainty limiting risk appetite among investors, research analysts remain optimistic about Bitcoin’s (BTC) long-term prospects for the next decade. “When…

How to mine Bitcoin at home in 2025: A realistic guide

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Key takeaways Lottery mining is cheap and fun, but don’t count on hitting a block. Solo ASIC mining gives you complete control, but it’s a long-odds game. Pool mining is the most practical way to earn steady payouts at home. Cloud mining saves you the hassle but usually isn’t worth the cost. Bitcoin is rapidly gaining legitimacy, and you couldn’t be blamed for wanting to peek behind the curtain to see how it’s made. Throughout 2024 and into 2025, you’ve seen a whirlwind of institutional investment from companies like Strategy,…