Category: crypto

Swedish MP Rickard Nordin has asked the government if the central bank can add Bitcoin to the country’s reserves. He highlighted Bitcoin’s similarities to gold and its use as a payment method and hedge against inflation. Nordin suggested retaining confiscated Bitcoin instead of buying it outright. The government has until April 16 to respond.

China has raised tariffs on select US imports to 125%, matching the US escalation in the trade conflict. The market reaction was mixed, with traditional safe-haven assets receiving modest inflows while risk assets moved unevenly. Bitcoin’s role as a macro hedge remains debated, with gold and US Treasury bonds attracting demand.

Efforts to establish state-owned Bitcoin reserves are progressing in the US, with New Hampshire’s HB 302 passing in the House and moving to the Senate for approval. The bill allows up to 10% of state funds to be allocated to digital assets meeting certain criteria. Florida’s HB487 also advanced, marking bipartisan support.

Ethereum co-founder Vitalik Buterin has proposed a roadmap to enhance Layer-1 privacy on the blockchain network. The plan focuses on four areas of privacy, including making on-chain payments private and hiding user actions within decentralized applications. Buterin suggests integrating privacy tools into wallets and using separate addresses for each dApp to improve user confidentiality.

Coinbase filed a legal objection against the FDIC’s request to delay the release of documents related to the alleged debanking of crypto firms. The exchange accused the FDIC of stalling and failing to meet its obligations under FOIA. Coinbase is pushing for more transparency in understanding the FDIC’s role in crypto debanking.

The US SEC’s Division of Corporation Finance released new staff views on how federal securities laws apply to crypto-related securities. The guidance covers topics such as business operations, token design, governance, and financial reporting. It outlines expectations for disclosures on investment risks, token behavior, ownership tracking, and leadership information.

The Human Rights Foundation launched the Bitcoin Humanitarian Alliance to support civil liberties and aid in financially repressive environments by leveraging Bitcoin. The Alliance aims to provide a platform for organizations to exchange knowledge on using Bitcoin as a financial tool, deepen collaboration, and build a global network of practitioners. The initiative has 13 founding…

Bitcoin experienced a significant drop to $76k, resulting in unrealized losses reaching their highest level since October 2023. This information was reported in a research study conducted 29 seconds ago.

Bitcoin fell over 3% to $78,416 following President Trump’s tariff pause announcement, sparking investor skepticism and fear of trade tensions with China. Ethereum and XRP also dropped. Traditional markets saw losses, with technology stocks hit hardest. Despite positive inflation data, investors are cautious due to geopolitical concerns. Bitcoin remains up 40% YTD.

As Bitcoin becomes more popular as a treasury asset, Casa co-founder Jameson Lopp warns against concentrating BTC with a few custody providers, posing systemic risk. Concerns over custody have been raised, with companies holding over 1 million BTC. Some suggest self-custody, but others believe a balance is needed for usability and sovereignty.