The comments came during Bessent’s Congressional testimony on Wednesday in a tense exchange with California Representative Brad Sherman. United States Treasury Secretary Scott Bessent testified before Congress on Wednesday and reiterated that the US will retain Bitcoin (BTC) acquired through asset seizures but will not direct private banks to purchase more BTC in the event…
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Key points: Bitcoin remains under pressure as the bears attempt to hold the price below the crucial $74,508 level. Several major altcoins are struggling to bounce off their support levels, increasing the likelihood of the resumption of the downtrend. Bitcoin (BTC) bulls attempted to start a recovery, but the bears sold at higher levels and…
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Bitcoin fell to its lowest levels since November 2024 after beating its previous bottom, with $70,000 BTC price support and under coming into focus. Bitcoin (BTC) saw a second dip below $73,000 after Wednesday’s Wall Street open as US sellers returned. Key points: Bitcoin falls further into territory not seen since late 2024, dropping under…
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Fireblocks, an institutional-grade crypto infrastructure company, announced on Wednesday that it will integrate Stacks, a decentralized finance (DeFi) layer for the Bitcoin protocol, to give institutional clients access to lending and yield-bearing opportunities. The integration bypasses the 10-minute Bitcoin block time by leveraging the Stacks blockchain, which has an average block time of about 29…
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Key takeaways Dubai does not criminalize privacy coins yet has ordered them to be removed from regulated financial channels. This means licensed firms in the DIFC can no longer trade, promote or package them into investment products. From a compliance perspective, privacy-by-default features conflict with AML and sanctions frameworks that require transaction visibility, making certain…
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Bitcoin has long served a simple purpose: storing and transferring value. The blockchain’s inherent limitations in scalability and programmability prevented use cases like high-frequency payments and smart contracts. Launched in 2018, the layer-2 solution Lightning Network introduced noticeable improvements in scalability. It takes some of the burden offchain by creating side channels between the sender…
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Bitcoin (BTC) traders see its ultimate support trendline coming into play as part of a new macro BTC price bottom. Key points: Bitcoin is nearing a long-term trendline retest for the first time since late 2023. Weekly moving averages are on the radar as a BTC price safety net should the market fall again. Market…
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A survey of senior crypto investors and executives suggests capital priorities are shifting away from decentralized finance (DeFi) and toward core infrastructure, as decision-makers focus on liquidity constraints and market plumbing. The findings come from a new report published by the digital asset conference CfC St. Moritz, based on responses from 242 attendees of its…
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The United Kingdom’s House of Lords heard critical views on stablecoins Wednesday, with witnesses claiming that tokens were mainly “on- and off-ramps into crypto,” rather than the future of money. The House of Lords held a public session as part of its new inquiry into how stablecoins should be regulated in the country, gathering evidence…
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Latin American digital asset platform Mercado Bitcoin said that it had deployed more than $20 million of tokenized private credit on Bitcoin sidechain Rootstock, deepening its push into real-world assets (RWAs) and targeting $100 million in issuances by April. According to a release shared with Cointelegraph, several offerings had already reached target capacity since going…
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