A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year…
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Key takeaways: China’s central bank stimulus could redirect liquidity into cryptocurrencies. Rising US Treasury yields suggest lower risk aversion, supporting potential recovery in altcoin markets. Central banks stimulate growth by reducing interest rates or enabling special financing conditions, effectively increasing the money supply. This dynamic benefits risk assets such as stocks and cryptocurrencies. Traders now…
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Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company, as the price of Bitcoin hovered below the all-time high of over $124,000 reached on Thursday. The company’s most recent Bitcoin acquisition occurred on Monday, when Strategy purchased 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at…
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Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. A new dip now would still allow fresh all-time highs in Q4. Bitcoin (BTC) may…
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The United States government can purchase more Bitcoin (BTC) for the US strategic reserve through funneling portions of the tariff receipt surplus into BTC acquisitions, according to Adam Livingston, author of “The Bitcoin Age and The Great Harvest.” Livingston proposed taking a portion of the surpluses generated by trade tariffs every month and funneling that…
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The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing…
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Bitcoin may have no more than 27% upside left in this cycle before entering a downtrend, according to Canary Capital CEO Steven McClurg. “I think there is a greater than 50% chance Bitcoin goes to the 140 to 150 range this year before we see another bear market next year,” McClurg said during a CNBC…
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Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn’t be a victory but rather a sign that the US economy is in serious trouble. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz told…
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Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking,…
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The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation,…
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