Author: John Smith

A newly introduced New York State Assembly bill aims to allow state agencies to accept cryptocurrency as a form of payment.  Assembly Bill A7788, sponsored by Assemblymember Clyde Vanel, proposes that agencies may begin accepting Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash for fines, taxes, rent, and other payments owed to the state. Filed on April 10, 2025, the bill would amend the State Finance Law by adding Section 4-b, granting agencies the authority to enter into agreements with crypto issuers or payment providers.  These agreements would define how payments are processed and the conditions under which the…

Lomond School declares parents can pay tuition fees in Bitcoin starting from Autumn, in a landmark move that makes it the first school in the U.K to accept Bitcoin payments. According to a report on the Independent School Management site, the co-educational boarding school has become the first school in the U.K. to accept Bitcoin (BTC) for tuition fees. Located in the Scottish town of Helensburgh, the school provides education for students aged three until 18 years old. In order to make BTC an acceptable payment option, Lomond School has partnered with Bitcoin payment provider Musqet and the FCA-regulated virtual…

The Real World Asset tokenization industry is growing, attracting major players like Franklin Templeton, BlackRock, and Blackstone. Cryptocurrencies in the space have performed well over the past few months, with their total market capitalization soaring to over $30 billion. Mantra (OM), a popular cryptocurrency, has become the second-largest RWA coin after Chainlink (LINK). Its token has surged by 640% over the last 12 months, giving it a market cap of over $6 billion. Crypto.news recently spoke with Patrick Mullin, Mantra’s CEO, about its newly launched ecosystem fund, the token’s performance, and the future of Real World Asset tokenization. Congratulations on…

The US dollar index crashed to its lowest level since April 2022 as the trade war between China and the US escalated and jitters in the bond market continued. The DXY index, which tracks the greenback against a basket of developed-world currencies like the euro, sterling, and Japanese yen, dropped to $99—down 10% from its highest point this year. This crash came after China announced its retaliatory tariffs against the United States. All US goods entering the country will now face a universal 125% tariff. Beijing made this announcement after the US imposed a 145% levy on most Chinese goods.…

As Bitcoin falls and volatility spreads, Schiff sees the end. But with the S&P now mirroring BTC’s behavior, is Bitcoin really failing? Bitcoin “dies” again Peter Schiff has long been one of Bitcoin’s (BTC) most vocal critics. Over the years, he has maintained that the asset lacks intrinsic value, that its price is driven purely by speculation, and that it would collapse in the face of a real economic crisis.  Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.— Peter Schiff (@PeterSchiff) April 10, 2025 On Apr. 11, he reiterated…

Stellar may be gearing up for a breakout, as stablecoins, active addresses, and other metrics are on the rise. Stellar (XLM) is showing signs of strength, both in decentralized finance and in technicals. On Friday, April 11, the stablecoin market cap on the chain broke $300 million, reaching an all-time high of $3.6 million. At the same time, active addresses on the chain rose to 1.5 million according to Nansen, a 6.5-fold increase since April 7. Stellar stablecoin market cap | Source: DefiLlama This is happening as the token’s price nears key technical levels. On April 11, Stellar rose 5.33%…

Chiliz came to popularity as one of the pioneers of sports fan tokens that enabled fans to become a part of their favorite sports teams. The token has seen quite a few bull rallies but at the moment it is in a major downtrend. However, due to the mega utility of this token, investors are still hopeful for a rebound, will it though? Let’s find out in this CHZ price prediction. Currently ranked at the 168th position with a market cap of $375 million, Chiliz (CHZ) has dropped over 95% from the all-time high of $0.8915 reached in March 2021.…

DeFi protocol Morpho Labs has confirmed its frontend is secure after reverting a faulty update that had led to a $2.6 million exploit, which was intercepted by white hat MEV operator c0ffeebabe.eth. The exploit took place after a frontend update on Morpho Labs’ DeFi app Morpho Blue on April 10. The update was designed to improve transaction flow within the app. On April 11, blockchain security firm PeckShield reported that a vulnerability in the update allowed a hacker to exploit an address associated with the protocol, which could have resulted in a loss of $2.6 million. However, the malicious transaction…

Synthetix’s algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90. The depeging began in March, with sUSD briefly slipping below $1, but the situation worsened after the implementation of SIP-420—a governance proposal aimed at improving capital efficiency and simplifying the user experience within the Synthetix (SNX) ecosystem. According to Parsec research, the implementation of SIP-420 has inadvertently caused a large increase in the supply of sUSD, which triggered the current depeg. Source: CoinMarketCap Specifically, SIP-420 introduced a protocol-owned staking pool, allowing SNX holders to delegate their staking to a shared pool rather than managing…

North Carolina lawmakers have proposed a bill that would allow citizens to use crypto assets to carry out economic transactions, including tax payments. In a bill filing sponsored by State Representative Neal Jackson, House Bill 920 aims to allow the use of crypto assets for tax payments as well as other economic transactions. If enacted into law, the bill would automatically become the North Carolina Digital Asset Freedom Act. “The General Assembly finds that digital assets, when properly regulated and aligned with principles of decentralization, security, and resilience, can be a valid and stable medium for economic exchange,” the bill…