Day: April 28, 2025

Beyond tariffs and chaos — blockchain emerges as the backbone of a parallel economy

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Opinion by: Ross Shemeliak, co-founder and chief operating officer of Stobox The Trump administration is pushing a much-revived policy trajectory, marked by tariffs and sanctions that aim to reshore production. Despite exemptions favorable to technology, this dramatic turnaround may seem like a case of the White House treating global trade as its playground. The president’s tariff agenda is fracturing supply chains overnight and disregarding long-standing economic rules. This latent, chaotic agenda also sees the quiet emergence of a new infrastructure in which blockchain is taking on a fresh role. Insofar…

Nexo back in the United States as Trump Jr. attends exclusive event

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Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges. According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,” adding: “We see the opportunity for the financial sector and want to ensure we bring that back to the US.” Trump Jr. also emphasized the need for a regulatory environment that supports the cryptocurrency industry. He said that “the key to everything crypto is going to be the regulatory…

A ‘local top’ and $88K retest? 5 things to know in Bitcoin this week

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Bitcoin (BTC) is bracing for a major US macro data week as crypto market participants warn of serious volatility next. Bitcoin retests $92,000 after a promising weekly close, but traders still see a deeper BTC price correction to come. A bumper week of US macro data comes with the Federal Reserve under pressure on multiple fronts. The Fed has its hands tied, analysis argues, predicting interest rates coming down, liquidity booming and BTC/USD reaching $180,000 within eighteen months. Bitcoin short-term holders are back in the black, making current price levels…

Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next?

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Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone. ADA price started a recovery wave from the $0.650 zone. The price is trading above $0.680 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Resistance In the past few…

Coinbase presses to axe rule banning SEC staff from holding crypto

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Coinbase has urged the US Office of Government Ethics to remove a rule banning Securities and Exchange Commission staff from holding crypto. SEC staff need to use crypto to better understand how it works and the best way to regulate it, Coinbase chief legal officer Paul Grewal argued in open letters sent to OGE acting director Jamieson Greer and newly sworn-in SEC Chair Paul Atkins, which he shared to X on April 25. “To regulate technology, you need to understand it. To understand technology, you need to use it,” Grewal…

Trump-backed World Liberty Financial partners with Pakistan Crypto Council

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The Donald Trump-backed World Liberty Financial has signed a Letter of Intent with the Pakistan Crypto Council to accelerate crypto adoption in the South Asian country and one of the industry’s fastest-growing markets. Under the partnership, World Liberty will help the Council launch regulatory sandboxes to test blockchain-based products, expand stablecoin applications for remittances and trade, explore real-world asset tokenization, and assist with the growth of decentralized finance protocols, local news outlet Business Recorder reported on April 27. World Liberty founders Zach Witkoff, Zak Folkman and Chase Herro signed the…

XRP Price Shows Strength — Breakout Above Key Levels Possible?

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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…

China-based Huawei to test AI chip aiming to rival Nvidia: Report

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Chinese tech giant Huawei has reportedly developed a powerful artificial intelligence chip that could rival high-end processors from US chip maker Nvidia. The Shenzhen-based Huawei is poised to start testing a new AI chip called the Ascend 910D, and has approached local tech firms, which are slated to receive the first batch of sample chips by late May, The Wall Street Journal reported on April 27, citing people familiar with the matter. The development is still at an early stage, and a series of tests will be needed to assess…

Bitget takes legal action on alleged VOXEL futures price manipulation

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Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the VOXEL token. Eight account holders that the exchange accuses of being involved in the April 20 incident and who allegedly pocketed $20 million between them will receive a letter from the exchange’s lawyers in “quick succession,” Xie Jiayin, Bitget’s head of Chinese operations, said in an April 27 X post. “These eight accounts are the main instigators of the VOXEL incident…

‘Pay to play corruption’ — Sen. Warren and Schiff blast Trump’s upcoming dinner with top coin holders

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Key Takeaways Senators Warren and Schiff are seeking an ethics investigation into Trump’s dinner with $TRUMP token holders. $TRUMP token’s value surged by 50% following the announcement of the dinner with Trump. Share this article Senators Elizabeth Warren and Adam Schiff are calling for an ethics probe into President Trump after the Official Trump project announced a private dinner with the president for major holders of the $TRUMP meme coin, according to a recent report from CNBC. In a letter sent to the US Office of Government Ethics (OGE), the…