Author: John Smith
In a speech delivered today at the U.S. Monetary Policy Forum in New York City, Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach amid prevailing economic uncertainties. Powell reiterated the Federal Reserve’s readiness to maintain current interest rates, adopting a “wait and see” stance as it monitors the impacts of recent policy changes and economic indicators. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” he said. Powell highlighted the robustness of the U.S. labor market, noting that employers added 151,000 jobs in February, bringing the average monthly…
Custodia Bank founder Caitlin Long hopes a new lawsuit would unearth more details on debanking under former President Joe Biden’s regime. The Trump Organization has sued Capital One Bank for allegedly closing over 300 bank accounts in 2021 “without cause” as tech bigwigs and crypto leaders lamented the debanking crisis during previous administrations. Today, the Trump Organization filed a lawsuit in Miami-Dade County against @CapitalOne to hold the bank accountable for their egregious conduct in unjustifiably terminating over 300 of the company’s bank accounts without cause, in 2021. The decision by Capital One to “debank”…— Eric Trump (@EricTrump) March 7, 2025…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Jupiter, Lightchain AI, and Near Protocol are gaining attention for their superior value over Shiba Inu as the market rebounds. Jupiter, Lightchain AI, and Near Protocol are being touted by crypto experts as having a better value offering than Shiba Inu (SHIB) as the market bounces back. Lightchain AI has already raised over $17.1 million at a presale price of $0.006, making it a standout project in the blockchain space with its revolutionary AI and blockchain integration. While Shiba…
Jake Chervinsky, a lawyer and chief legal officer at digital asset manager Variant, says the United States can do more than a strategic Bitcoin reserve or crypto stockpile if it truly wants to be the crypto capital of the world. According to Chervinsky, having a strategic Bitcoin (BTC) reserve and digital asset stockpile could be great for the U.S. However, he believes this alone will not make the country the crypto capital of the world. There’s much more that needs to be done and got right for President Donald Trump’s quest to make the U.S. a global crypto capital to…
Could DeFi survive under outdated financial regulations? Experts suggest that forcing decentralized platforms into compliance models designed for banks would have been disastrous, proving why policymakers must rethink their approach. Senate votes to repeal IRS rule The U.S. government’s long-running tension with decentralized finance has reached another crucial moment. On Mar. 4, in a rare display of bipartisan agreement, the Senate overwhelmingly voted 70–27 to repeal an IRS rule that would have imposed traditional financial reporting requirements on decentralized exchanges and DeFi protocols. Had it taken effect, the rule would have forced developers and DeFi platforms to report crypto transactions…
White House AI and Crypto Czar David Sacks addressed speculation on possibly including altcoins in a crypto reserve. Last weekend, President Donald Trump spoke about (XRP), Solana (SOL), and Cardano (ADA) as part of a U.S. crypto strategic reserve. The tokens and other digital assets surged to double-digit gains as billions flowed into cryptocurrencies. Debates broke out after Trump’s announcement, as many scrutinized the decentralization and value proposition of these altcoins. For most, a reserve exclusively denominated in Bitcoin (BTC) is the best route. Some surmised that Ethereum (ETH) should be the obvious choice if an altcoin must feature in…
Unichain, a decentralized finance layer 2 solution developed by Uniswap Labs, is focused on the launch of a new validation network. As an on-chain decentralization feature, the validation network adds another layer of finality to the network. It also cuts the risks of the network running conflicting blocks as well as contribute to Unichain’s DeFi growth. The Unichain team announced this on Mar. 7, revealing the plans are part of its roadmap. Notably, Uniswap (UNI) launched Unichain mainnet in February, fulfilling a target set for the first months of 2025. Ahead of this milestone, the DeFi-focused platform’s developers hinted at…
Zhang Chi, also known as Zoroo, the founder of Yescoin — a mini-game project within the Telegram Open Network ecosystem — was detained by Shanghai police. This detention followed a business dispute with his partner, identified as Wang Mouxin or ‘OldWang.’ The disagreement, initially a civil matter, has escalated into a criminal case, raising concerns within the Yescoin community. Yescoin, operating within the TON (TON) ecosystem, tries to integrate blockchain technology with gaming, offering users a decentralized platform for mini-games. The project has garnered attention for its innovative approach to combining gaming with blockchain, attracting a diverse user base…
Core, a proof of stake platform offering a dual Bitcoin staking solution, is teaming up with digital asset custody and wallet provider Cobo to expand its staking service in Asia. The collaboration will see Core and Cobo bring dual Bitcoin (BTC) staking and sustainable yield to institutional investors, Core Foundation announced on Mar. 7. In the announcement, shared with crypto.news via a press release, noted that Core will bring these features to users eyeing opportunities in the decentralized finance ecosystem across Asia. Core plans to offer this functionality via its DeFi-as-a-Service platform, with its sights on institutional adoption of BTC…
Documents released by U.S. law enforcement have unveiled that Chris Larsen, co-founder of Ripple, fell victim to a cryptocurrency theft in January 2024 due to LastPass failures. Approximately 283 million XRP (XRP), valued at around $150 million at the time, were stolen due to compromised private keys stored in the password manager LastPass, which had suffered a major data breach in 2022. All these findings are a result of investigations by ZachXBT. Chris Larsen is best known for co-founding Ripple Labs in 2012. Larsen acknowledged the attack back in 2024. Yesterday, there was unauthorized access to a few of my…