The Donald Trump administration continues to roll back oversight of digital assets. In this context, the U.S. Department of Justice (DOJ) has disbanded the National Cryptocurrency Enforcement Team (NCET), a key unit in the investigation and prosecution of cryptocurrency-related crimes, according to a Fortune report based on an internal memo. The dissolution of the NCET, […]
U.S. Requires Federal Agencies to Disclose Bitcoin and Cryptocurrency Holdings
U.S. federal agencies have until next Monday to report their holdings of Bitcoin and other digital assets to Treasury Secretary Scott Bessent, a White House official confirmed to journalist Eleanor Terrett. This measure is part of the executive order signed by President Donald Trump on March 6, which establishes the Strategic Reserve of Bitcoin and […]
Crypto Leaders Criticize Trump’s Strategic Reserve for Including Altcoins
President Donald Trump’s announcement of a strategic cryptocurrency reserve in the United States has sparked intense debate within the industry. While the initiative aims to strengthen the country’s leadership in the crypto sector, many experts argue that Bitcoin (BTC) should be the sole reserve asset. Controversy Over Asset Selection According to the official announcement, the […]
How Donald Trump Will Shape Cryptocurrencies Going Forward
Donald Trump’s presidency promises to create ripples not only in U.S. politics but also within the cryptocurrency space. Betting platforms like Polymarket suggest that Trump’s actions may significantly impact the crypto world in unforeseen ways. Here’s an exploration of potential transformations. Trump’s Agenda: A Focus on Cryptocurrencies Since the start of his campaign, there has […]
Trump Adds Pro-Crypto Allies to Cabinet, Including Former Soccer Player Bo Hines
Bo Hines has been selected to head the newly formed “Crypto Council,” working alongside the “cryptocurrency czar,” as Michael Kratsios and Lynne Parker join in crypto-policy roles, among other appointments. U.S. President-elect Donald Trump continues to appoint cryptocurrency advocates to senior roles in his upcoming administration. In a post on his Truth Social account on […]
Microsoft Rejects Bitcoin: Shareholders Decline Proposal to Allocate Cryptocurrency to Treasury
Microsoft is not ready to incorporate Bitcoin into its corporate treasury, as shareholders voted against a proposal influenced by Michael Saylor’s recommendations and the success of his company, MicroStrategy. The tech giant, best known for its Windows operating system, has opted not to invest in Bitcoin. During a shareholder meeting on Tuesday, Microsoft’s partners voted […]
Ethereum on the Rise: Whales Push Accumulation and Forecasts Point to a New All-Time High
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is making significant strides toward setting a new all-time high (ATH), following closely behind Bitcoin’s lead. Bullish Projection for Ethereum On-chain metrics provider Globe of Crypto recently highlighted a critical technical pattern: “Forming an ascending triangle at 1WTF. A breakout could provide a huge bullish rally towards […]
Manhattan U.S. Attorney’s Office Considers Scaling Back Cryptocurrency Prosecution with Trump in Office
Cryptocurrency enforcement cases in the United States are expected to decline under the new Donald Trump administration, as the president-elect has promoted a friendlier environment for the asset class. The U.S. Attorney’s Office in Manhattan, New York, is reportedly taking this shift into account and contemplating reducing the prosecution of cryptocurrency-related cases. This was revealed […]
Donald Trump Announces New D.O.G.E. Agency with Elon Musk at the Helm
President-elect Donald Trump has confirmed the establishment of a new Department of Government Efficiency (DOGE), an idea originally proposed by Elon Musk. The Tesla CEO will head the new department alongside Vivek Ramaswamy, co-founder of Strive Enterprises and former GOP presidential candidate. Vision for Government Efficiency In a written statement, Trump announced that the DOGE […]
Ripple Prepares Largest XRP Sale in Seven Years
November has arrived, and Ripple is stirring the market as it prepares for what could be its largest monthly XRP sale in seven years. Ripple, the lead developer of XRP Ledger (XRP) and its largest investor, has set aside 470 million XRP for sale, valued at approximately $240 million. Since 2017, Ripple has been unlocking 1 […]