Crypto News
Latest news from Crypto market.
DOGE proposes slashing Internal Revenue Service staff by 20%
The Department of Government Efficiency (DOGE) is reportedly proposing cutting the Internal Revenue Service's (IRS) workforce by 20% in a change expected to take effect by May 15, 2025.According to CNN, the cuts would impact an estimated 6,800 employees at the government agency, in addition to the 6,700 probationary employees who have already been let go and 4,700 IRS agents who were given severance packages to retire. However, a recent ruling from US district judge William Alsup ordering federal agencies to reinstate probationary workers terminated due to the DOGE cost-cutting programs could hinder the layoffs if the order is not overturned.
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All things Arbitrum with Offchain Labs CEO Steven Goldfeder
Offchain Labs Co-Founder & CEO Steven Goldfeder breaks down Arbitrum's BoLD protocol and the broader Layer 2 ecosystem.
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Ethereum faces heavy sell-off – So how are investors still holding strong?
ETH has seen intense selling pressure in recent months, but despite the downtrend, the number of holders continues to rise.
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Coinbase CEO: US Bitcoin Reserve Shift Sparks Global Crypto Adoption
According to Brian Armstrong, CEO of Coinbase, more governments are beginning to recognize cryptocurrencies. He made this disclosure as the US government establishes a Strategic Bitcoin Reserve to bolster its holdings in digital assets.
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Paolo Ardoino: Tether's growth fueled by global demand for U.S. dollars
Tether CEO Paolo Ardoino shared his thoughts into the future of stablecoins and the impact of new legislation from the White House.
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Bitcoin To Hit $250K By End Of 2025 Tim Draper Predicts: 'Will Be The Dominant Currency Of The World'
Venture capitalist Tim Draper is well known for his Bitcoin (CRYPTO: BTC) price predictions over the years. In a new interview, Draper is sticking with a price target of $250,000 for the leading cryptocurrency.
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Tether CEO on Stablecoin Bill: 'We Are Very Excited'
Tether CEO Paolo Ardoino has expressed excitement regarding the much-hyped stablecoin bill, which passed the U.S. Senate Banking Committee earlier today.
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Libra Update: Interpol Red Notice Request Arises While Funds Remain in Motion
Local media reported that Hayden David, who was involved in the creation of Libra, the utility coin shared by President Javier Milei of Argentina, might be subject to an Interpol request in the future. Meanwhile, Libra's funds have been moving and cashed out for dollars.
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BlackRock exec: Confusion around bitcoin narrative remains
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Bitcoin, Ethereum, Dogecoin Decline, XRP Clinging On As Traders Wargame Bear Market Scenarios
Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $80,353.45 -3% Ethereum (CRYPTO: ETH) $1,852.08 -1.5% Solana (CRYPTO: SOL) $121.79 -2.4% XRP (CRYPTO: XRP) $2.24 +0.4% Dogecoin (CRYPTO: DOGE) $0.1631 -3.7% Shiba Inu (CRYPTO: SHIB) $0.00001190 -2.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%.
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Ethereum devs launch new testnet to finish Pectra upgrade amid struggles
Ethereum (ETH) developers are set to launch Hoodi, a new long-lived testnet, on March 17 as they work to resolve ongoing challenges with the highly anticipated Pectra upgrade. The testnet will primarily focus on validator exit mechanisms, one of the final hurdles before Pectra can move forward.
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BlackRock's BUIDL Fund Tops $1B with Ethena's $200M Allocation
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it's increasingly used as collateral on trading platforms.
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Ripple Secures DFSA License to Offer Regulated Crypto Payments in UAE
Ripple becomes the first crypto firm licensed by the DFSA, enabling regulated cross-border payments in the UAE's $40B remittance market.
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Hyperliquid ups margin requirements after $4 million liquidation loss
Hyperliquid, a blockchain network specializing in trading, has increased margin requirements for traders after its liquidity pool lost millions of dollars during a massive Ether (ETH) liquidation, the network said. On March 12, a trader intentionally liquidated a roughly $200 million Ether long position, causing Hyperliquid's liquidity pool, HLP, to lose $4 million, unwinding the trade.
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Ethereum price analysis: 3 Reasons ETH Could Drop to $1,500 despite US CPI and PPI confirming easing inflation
Ethereum (ETH) price tumbled below $2,000 on Thursday as bulls failed to counter a wave of liquidations. This comes despite the latest US Producer Price Index (PPI) data confirming a continued slowdown in industrial inflation.
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Ripple XRP Gains Momentum: UAE Regulatory Approval and Spot ETF Filing by Franklin Templeton
Ripple's XRP secures regulatory approval in the UAE and sees a major ETF filing by Franklin Templeton. These pivotal moves position XRP for broader adoption and market growth.
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Cardano Price Stuck at $0.70: Can ADA Drop to $0.30?
Cardano price is facing strong resistance as it struggles to maintain momentum above the $0.70 mark. The price battle comes amid the U.S. SEC delaying its decision on the Canary Capital ADA exchange-traded fund (ETF) application until May 29, prolonging uncertainty in the market.
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Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over
In the ongoing debate over Bitcoin's market trajectory, two prominent crypto analysts have shared contrasting viewpoints on X, underscoring the community's divided sentiment. While one maintains that a drastic downturn remains possible, the other posits that the worst of the market downturn has already passed—citing a notable 87.5% probability.
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Crypto Trader Says Bitcoin Could Go Much Lower if Vital Support Level Crumbles, Maps Path Forward for Aptos
A widely followed crypto analyst is warning that Bitcoin (BTC) may plummet in value if one key support level breaks down. In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that Bitcoin may revisit the $60,000 range if BTC loses $78,000 as support.
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AML Bitcoin creator convicted of wire fraud, money laundering
The founder of a cryptocurrency exchange whose namesake was tied to Anti-Money Laundering (AML) was found guilty of wire fraud and money laundering in a California court.In a March 12 trial in the US District Court for the Northern District of California, a jury found AML Bitcoin creator Rowland Marcus Andrade guilty of two felony counts as part of a scheme to defraud investors. Authorities initially filed criminal charges against Andrade in June 2020 in parallel to a civil case filed by the US Securities and Exchange Commission (SEC) against the AML Bitcoin creator and the NAC Foundation, for which he was the founder and CEO.
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