[ad_1] The Kuwait Ministry of Interior (MoI) has issued a statement saying that crypto mining in the country is illegal and unlicensed. Officials from Kuwait’s Ministry of Electricity, Water, and Renewable Energy have noted that there are over 1,000 crypto mining sites in the country. In a press statement published on X, the General Department of Security Relations and Media at the ministry clarified that cryptocurrency mining violates several key laws, including Law No. (56) of 1996 related to the Industry Law, Law No. (31) of 1970 amending certain provisions of the Penal Code No. (16) of 1960, Law No.…
Author: NBTC
[ad_1] Bitcoin traded at $84,068 on April 20, 2025, with a market capitalization of $1.66 trillion, a 24-hour trading volume of $12.23 billion, and an intraday price range between $84,037 and $85,470. Bitcoin The daily chart signals a potential bullish reversal following a sharp correction that drove bitcoin to a low of $74,434 before rebounding to current levels just under $85,000. A series of green candles accompanied by elevated trading volume near the lows suggests possible capitulation and renewed interest from buyers. Key support is forming between $82,000 and $83,000, which traders may look to as a swing trade entry…
[ad_1] The recent market volatility raised the TVL of on-chain perpetual DEX. Demand for risky trading boosted the value of Hyperliquid, along with other perpetual DEX. Hyperliquid is leading the way in the renewed demand for perpetual DEX. The exchange has recovered its TVL in the past month, increasing its vaults to over $300M. Hyperliquid achieved 50% TVL growth in the past month after a series of high-value liquidations. The recovery follows a generally increased usage of perpetual DEX as the crypto market bounced from the recent lows. In the past 30 days as a whole, perpetual DEX increased their…
[ad_1] U.S. stocks plunged Wednesday as Nvidia flagged $5.5B in China-related charges and Fed Chair Powell warned tariffs may drive inflation and slow growth. U.S. stocks tumbled Wednesday as investors reacted to new U.S. restrictions on chip exports to China and fresh warnings from Federal Reserve Chair Jerome Powell about the economic risks of President Trump’s tariff policies. The S&P 500 fell about 2.2%, while the Dow Jones Industrial Average dropped 1.7%. The Nasdaq Composite slid by around 3%, nearing bear market territory, and was led lower by steep losses in the tech sector. Nvidia shares plunged nearly 10% after…
[ad_1] El Salvador’s big bet on Bitcoin has hit a snag: nearly all the crypto firms it registered aren’t actually playing by the rules. Nearly 90% of Bitcoin (BTC) service providers registered in El Salvador are not operating, according to a recent report by El Mundo, which cited data from the Central Reserve Bank, showing that out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as “non-operating.” That’s about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others. El Mundo adds that at least…
[ad_1] This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Michael Egorov is no stranger to token incentive mechanisms. As the founder of Curve, he pioneered vote-escrow (ve) tokenomics to juice the growth of the stablecoin AMM. But his new protocol, Yield Basis, is built for a different kind of user: “people who want to earn something on mostly Bitcoin,” as Egorov told Blockworks. At its core, Yield Basis is an attempt to eliminate LP impermanent loss by leveraging liquidity. Egorov explains: “If you leverage liquidity by a factor of two and keep this leverage, then…
[ad_1] Wednesday’s price action between bitcoin (BTC) and U.S. equities caught investors’ attention highlighting early signs of a fading correlation between the two. In a typical diversified portfolio, assets are expected to show little to no correlation. For example, gold has continued to hit all-time highs, setting 12 new daily records this year, demonstrating a clear dislocation from U.S. equities. While bitcoin has often been labeled a leveraged play on the Nasdaq 100, recent trend suggest that relationship may be weakening. Take BlackRock’s iShares Bitcoin Trust (IBIT), which trades only during regular U.S. market hours. On Wednesday, it closed up…
[ad_1] DeFi is getting a boost from the emergence of a host of new blockchains such as BeraChain, TON, Plume, Sonic and many others. Each new chain brings with it a flood of incentives, enticing users with yields that echo the early days of yield farming in 2021. But is any of this sustainable? As every new blockchain fights to build momentum, they inevitably confront the same dilemma: how to build sustainable ecosystems that survive beyond the end of their incentive programs. Incentives remain one of crypto’s most powerful bootstrapping tools — an elegant solution to the cold-start problem of…
[ad_1] Markets have clearly been quite volatile in recent weeks — crypto or otherwise. Zooming out, the S&P 500 was down nearly 9% year-to-date early Wednesday, and the Nasdaq Composite index has fared worse, dropping 14% so far in 2025. As BTC hovered around $83,700 Wednesday morning, it was similarly down 10% year-to-date. Gold is up 24% over that span, flaunting a safe-haven status that BTC does not yet widely enjoy. Shares of Strategy (formerly known as MicroStrategy) have rallied in recent days, putting it barely into the green in 2025 (at +2%). But perhaps the most renowned crypto stock,…
[ad_1] Robert Kiyosaki, the author of financial education book “Rich Dad Poor Dad,” is confident that the price of Bitcoin will skyrocket to at least $180,000 this year, according to the pundit’s latest social media post. The prominent businessman and author does not rule out Bitcoin clearing the $200,000 milestone this year. Kiyosaki, who is known for his doom-laden predictions, recently took a victory lap following the tariff-induced stock market turbulence. Feeling vindicated, the financial commentator believes that the stock market crash that he warned about in his books is already here. He has opined that those who invest in…