Category: crypto

Twitter founder Jack Dorsey publicly supports integrating Bitcoin into Signal Messenger for direct peer-to-peer payments. He believes Signal’s privacy-focused architecture makes it an ideal platform for Bitcoin transactions. This move could strengthen Bitcoin’s use case and position it as a real-world tool for everyday digital interactions. Signal currently supports crypto payments with MobileCoin.

OpenAI has filed a countersuit against Elon Musk, claiming he led a deliberate campaign to undermine the organization after the success of ChatGPT. Musk allegedly made fake takeover bids, launched a rival AI firm, and spread negative claims to damage OpenAI’s reputation. OpenAI has requested the court to prevent Musk from taking further action.

Short sellers in the crypto market faced significant losses on April 9, following an unexpected rally in Bitcoin after President Trump announced a tariff pause. Bitcoin surged more than 5%, leading to losses of $589.41 million for short sellers. Lawmakers are calling for an investigation into potential insider trading linked to the tariff announcement.

Major South Korean banks are seeking to change the country’s crypto policy to allow partnerships with multiple exchanges. The current one-bank-per-exchange rule restricts customer choice and hinders competition in the banking sector. Banks argue that this setup increases operational risk and limits user access, calling for a more resilient and user-friendly environment.

Geopolitical tensions and US tariffs are prompting nations to reduce reliance on the US financial system. VanEck’s report shows interest in neutral payment systems, with Bitcoin being used by China and Russia for energy trades. This shift was catalyzed by the US freezing Russian reserves in 2022, accelerating the move towards alternative currencies like Bitcoin.

The US Senate confirmed Paul Atkins as Chair of the SEC in a 52-44 vote, marking a shift from previous enforcement-focused regulation. Atkins, a former SEC Commissioner and Wall Street consultant, aims to recalibrate the agency’s approach to digital assets. His confirmation signals a move towards a principles-based regulatory framework.

The SEC approved proposals from Nasdaq and Cboe to list and trade options on spot Ethereum ETFs managed by BlackRock and Fidelity. The options will have American-style exercise and physical settlement, with a 25,000-contract position and exercise limit per market side. This follows a similar approval for Bitcoin ETF options last year.

NEO and GAS saw significant gains fueled by trading with the Korean won on Upbit, following recent price declines. The surge coincided with the launch of the Neo Bond program, offering holders a 50% annualized yield for locking up tokens. Korean retail flows contributed to the uptick in price for both assets.

Pakistan plans to allocate excess electricity from its national grid to Bitcoin mining operations and AI data centers. This initiative aims to address energy sector inefficiencies and advance the country’s position in emerging technologies. Changpeng Zhao of Binance has been appointed as a strategic adviser. Talks with mining companies are ongoing to determine infrastructure and…

Magic Eden is acquiring Slingshot, a crypto trading app, to expand beyond NFTs and challenge centralized exchanges. The acquisition aims to create a fully on-chain trading experience and offer a seamless and safe way to buy and sell crypto and digital assets across all chains. The move comes as the crypto industry shifts towards decentralized…