Author: John Smith

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”…

Ethereum developer and early contributor Virgil Griffith has been granted early release from prison after serving nearly five years for violating U.S. sanctions on North Korea. Griffith, 41, was arrested in 2019 following a controversial trip to North Korea, where he gave a presentation at a cryptocurrency conference in Pyongyang. U.S. prosecutors alleged that his talk, titled “Blockchain for Peace,” explained how the country could use crypto to evade sanctions and launder money. Griffith pleaded guilty in 2021 to one count of conspiracy to violate the International Emergency Economic Powers Act and was sentenced to 63 months in prison and…

With Bitcoin down and U.S.–China tariffs now at 84%, does this mark the start of another systemic selloff, or will the Fed manage to contain the fallout? Beijing announces further tariffs against the U.S. Trade tensions between the U.S. and China have escalated quickly in recent days, leading to visible pressure across global financial markets. On Apr. 6, China retaliated against the U.S.’s tariff escalation by announcing a 34% counter-tariff on American goods, directly responding to the 34% levy President Trump had introduced just days earlier under his new “Liberation Day” tariff policy. In turn, Trump said that if China…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Pi Network crumbles, investors are flocking to Yeti Ouro’s presale for its potential to provide higher gains. As Pi Network’s price continues to fall below its support level, investors are slowly losing hope that the project will regain momentum. While investors seek safer and more secure investment options, Yeti Ouro (YETIO) turns heads with its deflationary model, presale success, and well-structured tokenomics. Pi Network price forecast Pi Network’s declining performance can be clearly seen. Taking a one-month valuation,…

Ethereum price continues its freefall and has formed an inverse cup and handle pattern, pointing to further downside to a record low Ethereum (ETH) has dropped for three consecutive weeks and is hovering at its lowest level since January 2020 against Bitcoin (BTC). The ETH/BTC pair plunged to a low of 0.019, down more than 80% from its peak in December 2021. ETH has also declined from last year’s high of $4,000 to below $1,500, while its market cap dominance has fallen 67% from its 2021 highs and is now approaching 2022 levels. The ongoing selloff began in September 2022…

Florida lawmakers are considering a proposal that would allow the state to invest public funds in Bitcoin.  House Bill 487 is scheduled for a public hearing on Wednesday, April 10, in the Insurance & Banking Subcommittee. On April 8, it was included in the agenda for the Insurance & Banking Subcommittee in the House. If passed, the legislation would authorize Florida’s Chief Financial Officer to invest up to 10% of state funds in Bitcoin (BTC).  FLORIDA Update:Bitcoin Reserve Bill HB 487 is scheduled for public hearing this Wednesday, in the Insurance & Banking SubcommitteeThis will be the first public SBR…

Trump’s latest tariff hikes on China may shift the global Bitcoin mining industry offshore, as domestic miners face increased premiums on hardware costs. Bitcoin (BTC) mining may soon shift further offshore as U.S. miners face rising hardware costs. On Wednesday, April 9, a new report from Hashlabs Mining CEO Jaran Mellerud highlighted the economic impact of U.S. tariffs on the domestic crypto mining industry. According to the report, these tariffs could increase mining equipment costs in the U.S. by at least 22% compared to other countries. Specifically, U.S. crypto miners rely heavily on imported hardware from Asian countries such as…

Binance has announced LDUSDT, a new ‘reward-bearing margin asset’ designed to give users more flexibility in how they use capital across its Earn and Futures platforms. LDUSDT is the second such asset, following BFUSD, and is aimed at increasing users’ capital efficiency. It allows holders to participate in perpetual futures trading on Binance Futures while maintaining their reward-earning status from the Earn program.  LDUSDT will allow users subscribed to Simple Earn’s USDT Flexible Products to convert their assets into a futures trading margin, while continuing to receive real-time APR rewards. Users can convert subscribed USDT to LDUSDT through a swap…

The odds of an emergency Federal Reserve interest rate cut have jumped sharply on Polymarket and Kalshi as Donald Trump’s trade war intensifies. A Polymarket poll with over $360,000 in assets shows that these odds have surged to 31%, up from 15% on April 1. A similar prediction market on Kalshi places the odds at 41%, the highest level since November last year.  These expectations have climbed as multiple analysts downgraded their economic outlook for the U.S. amid the expanding trade war. Notably, the U.S. recently imposed a 104% tariff on all Chinese goods, a sweeping measure likely to significantly…

U.S. tariffs on China may backfire as the country reduces dollar purchases, while currency instability on both fronts fuels interest in Bitcoin. China is scrambling to defend its currency amid the impact of historic U.S. tariffs, fueling renewed demand for Bitcoin (B). On Wednesday, April 9, the People’s Bank of China instructed major Chinese banks to reduce their U.S. dollar purchases to support the weakening yuan. The Chinese domestic market is still reeling from the effects of the 104% U.S. tariffs on all Chinese goods, which went into effect at noon Eastern Time on April 9. In response, the yuan…