[ad_1] The US Bureau of Economic Analysis (BEA) released its PCE and GDP reports for Q1 2025 today. Although inflation was less than expected, US GDP shrank before the tariffs took effect, encouraging fears of a recession. Despite this discouraging signal, Bitcoin has held up rather well, even hitting a new all-time high in Argentina. This lends credence to the notion that BTC is a safe haven from economic chaos. Trump’s Tariffs May Cause Recession The global economy is extremely complicated, full of signals that seemingly contradict each other. Since Trump’s tariff plan began taking effect, fears of a US…
Author: NBTC
[ad_1] The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday after they accepted deferred resignation offers directed by the Department of Government Efficiency. Wilks and Mukherjee, who both went to the IRS from the crypto industry, are technically still employees with the IRS for the next few months but they are on paid administrative leave as of Friday afternoon, two people familiar with the situation told CoinDesk. President Donald Trump’s administration, through DOGE, offered deferred resignations to a wide array of federal employees earlier this year. Wilks, who was previously a vice…
[ad_1] TOX, a well-known Web3 traffic entity focused on improving the value generation and dissemination models, has announced its exclusive collaboration with Kaanch Network, an emerging platform dealing with blockchain infrastructure. The partnership aims to enhance the advancement in the decentralized applications (dApps) to provide more value. The platform took to its official account on social media to reveal this partnership. 🚀 Excited to announce our partnership with @KaanchNetwork!Kaanch Network is redefining blockchain technology with a seamless, secure, and scalable infrastructure that empowers developers and businesses to build, deploy, and scale decentralized applications effortlessly.… pic.twitter.com/sZ8agrAeKh — TOX (@SocialTox) May 2,…
[ad_1] Howard Lutnick, U.S. Secretary of Commerce, made it clear in a recent interview that Bitcoin has a powerful future in America — and the federal government is now fully behind it. “What is Bitcoin like? It’s like gold, right?” Lutnick said in an interview with Bitcoin Magazine. “It was treated under the Biden administration like you were doing something wrong. Now you have that sort of in the rearview mirror, and it’ll never come back.” Lutnick, a longtime Bitcoin (BTC) supporter, discussed his personal journey with the cryptocurrency, which began in 2017. He emphasized Bitcoin’s rarity — capped at…
[ad_1] According to a recent report from the State Democracy Defenders Fund (SDDF), crypto could represent up to 37% of Donald Trump’s wealth. It’s difficult to determine an exact figure from publicly available information, as the study could only make educated guesses on several possible income streams. This includes trading fees on TRUMP and World Liberty Financial’s two tokens. How Much Crypto Does Trump Really Hold? Since President Trump launched his eponymous meme coin shortly before Inauguration Day, it opened an unprecedented new era for cryptocurrency. Former US regulators and crypto luminaries have warned about the danger of political corruption.…
[ad_1] Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has explained his reasons why the U.S. Securities and Exchange Commission (SEC) dropped its legal appeal against the company in March 2025. Alderoty shared his insights through Ripple’s Crypto in One Minute series on X. In the video, Alderoty outlined the implications of the legal victory. For several years, Ripple was in a legal battle with the SEC over whether the cryptocurrency associated with it (XRP) should be classified as a security. The case was closely watched by most crypto market players, as they considered its outcome as the basis for how…
[ad_1] B2 Network, a practical Bitcoin L2 solution for rapid transfers and application diversification without compromise on security, has announced a new partnership with ShareX, an inclusive cryptocurrency payment solution. The collaboration focuses on the deployment of numerous power bank points across merchant locations in Southeast Asia and Japan. The platform disclosed this development on its official social media account on X. We’re partnering with ShareX to deploy co-branded B² power bank stations across thousands of merchants in Japan and Southeast Asia—serving millions of consumers.Users can rent devices using B² assets and unlock Share To Earn rewards via ShareX-exclusive campaigns.This…
[ad_1] The push for the Arizona Governor, Katie Hobbs, to sign the SBR has already begun. Bitcoin price has signaled bullish sentiment, with the next target above $99k. After months of lobbying and speculation, Arizona has become the first state in the United States to pass a strategic Bitcoin reserve (SBR) bill in both houses. On Monday, during the late North American session, the Arizona House passed the Bitcoin Reserve Bill SB 1025, with 31 yes against 25 nays. As a result, the state of Arizona will invest 10 percent of the public funds annually in Bitcoin to hedge against…
[ad_1] Anthony Pompliano, a high-profile crypto investor and social media personality, is looking to take his influence public—literally. ProCap Acquisition Corp., a blank-check company led by Pompliano, filed paperwork with the U.S. Securities and Exchange Commission on Wednesday to raise $200 million in an initial public offering. The company plans to trade on Nasdaq under the ticker “PCAPU,” with each $10 unit comprising a Class A ordinary share and one-third of a warrant. The SPAC will target businesses across financial services, fintech, and digital assets—areas where Pompliano has built both a portfolio and a persona. An ex-product lead at Facebook…
[ad_1] A US state is preparing to hand billions of dollars to residents in its first-ever “inflation rebate” program. New York’s Governor and state lawmakers say they’ve agreed on a budget framework that includes $2 billion for inflation refund checks to over eight million taxpayers. The plan targets New Yorkers who filed taxes, are not claimed as dependents and earn below $150,000 annually. Eligible joint filers earning up to $150,000 will receive $400, while those earning between $150,000 and $300,000 will get $300. Single filers and heads of household earning up to $75,000 will receive $200, and those earning between…