Author: NBTC
In a fiery House hearing, Rep. Maxine Waters took a shot at Trump’s numerous crypto ventures, accusing him of doubling his wealth at the expense of investors. Trump’s crypto ventures raise major concerns over corruption, Rep. Maxine Waters stated in a recent House hearing. On April 9, the Democratic congresswoman and House Financial Services Committee member accused Donald Trump of using crypto to enrich himself at the expense of investors and the public. Waters referenced his memecoin, the Official Trump token (TRUMP), which has plunged 89.93% from its all-time high of $75.35 in January. According to Waters, this “fraudulent memecoin”…
Liv Bank, the first digital bank in the UAE, and a subsidiary of Emirates NBD on its website, has openly showcased their entrance into the crypto era competing with already regulated UAE crypto exchanges. Calling themselves, as a trusted partner to invest in crypto, UAE Liv Bank, explains how users in the UAE can trade securely with the Liv app for fees as low as 0.5% with guided modules and the security that Emirates NBD Bank brings. To launch their new offering, Liv Bank is giving one entry into each of the draws for every trade placed with an order…
While delivering a keynote speech at the current Paris Blockchain Week, IOG’s founder, Charles Hoskinson, spoke about the evolution of the cryptocurrency industry, the hurdles faced and overcome, and what’s next. He believes the recently restarted Trade War by US President Trump, which this time aims at essentially every other country, proves why the world needs blockchain and decentralization now more than ever. After giving a brief history lesson on why too much centralization could harm the world, Hoskinson said the recent developments on a global scale initiated by Trump and intensified by China, the EU, and other countries prove…
During Donald Trump’s campaign for the presidency, he promised that “all” bitcoin (BTC) should be “made in the US.” However, his new tariffs are likely to hurt the US BTC mining industry. BTC mining depends on specialized computers based around application-specific integrated circuits (ASICs) that are specifically optimized for Bitcoin’s hashing algorithm. These machines are imported, as their production is largely outside the United States, though Bitmain and MicroBT had started setting up production lines in the United States for final assembly. However, it seems these production lines are still dependent on importing various components for the devices. Read more:…
Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) retreated from record highs on Friday amid a global financial-markets sell-off that erased $2.5 trillion from U.S. equities alone in a single day after U.S. President Donald Trump unveiled his reciprocal tariffs. The tokens, which are backed by physical gold and track its price, initially rallied as investors sought shelter from the uncertainty the tariffs introduced. Gold is usually seen as a haven investment, but large-scale losses in equity markets often force investors to liquidate safer assets to cover margin calls and cash out losses. PAXG climbed to an all-time…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. We’ve got a fresh market update from Blockworks Research, and if it makes anything clear, it’s this: March was not kind to Solana. Revenue cratered 87% from January’s all-time high, DEX volumes dropped 74%, and SIMD 228 failed to pass. SIMD 228’s loss wasn’t due to a lack of effort. The proposal sparked the highest stake participation of any vote in Solana’s history (74.3%). It drew input from institutional players like Coinbase, Kraken and Bybit for the first time. And while small validators mostly opposed it, native…
Former Democratic Rep. Wiley Nickel has officially kicked off a campaign to challenge North Carolina Republican Sen. Thom Tillis. Nickel is an attorney and former Obama administration staffer, who served one term in the House before redistricting made him give up his seat to the Republicans. According to footage he shared via his X account, Nickel is getting ready to nationalize the race, and he has decided to hinge his campaign on linking Tillis to President Donald Trump. Former Democratic Rep. Wiley Nickel at a local meeting. Source: Wiley Nickel “We got to stand up to Donald Trump and Thom…
Axelar, a cross-chain interoperability network, has integrated with XION, a Layer-1 blockchain optimized for consumer applications. This strategic collaboration facilitates the easy bridging of XION with more than 70 blockchain ecosystems to offer greater reach and utility to the blockchain. In addition to that, Axelar’s infrastructure enables the secure, decentralized communication of networks and offers developers the ability to bridge between blockchain resources on various protocols. The @burnt_xion mainnet is now integrated with Axelar, enabling seamless connection and enhanced $XION liquidity across 70+ ecosystems.Learn more about how both projects are building user-centric blockchain technology that is accelerating Web3 adoption 🧵…
President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), asset manager Bitwise said in a report Tuesday. “When it comes to the tariff push, the thing i’m most certain of is this: the Trump administration wants a significantly weaker dollar,” wrote Matt Hougan, chief investment officer at Bitwise. After a week of market turmoil cryptocurrencies surged on Wednesday following President Trump’s announcement of a 90-day pause on tariffs for countries that haven’t retaliated against the U.S.. A weaker dollar has significant implications for bitcoin. Bitwise notes that over the last five years the cryptocurrency has had…
In recent months, Ethereum (ETH) has felt heavy bearish pressure. Falling from over $4,000 in December 2024 to current levels near $1,572, almost a 60% decrease in price. It has formed a descending channel on the daily chart, which indicates that downward momentum continues. While volume has fallen 33.25% in the last 24 hours, ETH price has increased by 4.288% in the same period. Is Ethereum gearing towards recovery, or will the bearish forces continue to dominate? Ethereum Price Analysis The price action shows a very long downtrend, beginning in December 2024. After reaching highs around $4,000, ETH has continuously…