CRYPTO NEWS

Bitcoin Analyst Targets $500,000 But Warns of “Scary” Dips

[ad_1] In a post on X, one crypto analyst thinks Bitcoin will reach $500,000 by mid-2025. However, even as prices trend higher, the rally won’t be smooth sailing, expecting some “scary” dips.  Bitcoin Is Shaky The analysis is when Bitcoin prices appear shaky, characterized by sharp corrections. Over the weekend, prices plunged lower, denting confidence after a […]

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Bermuda still open to crypto firms, says premier: Report

[ad_1] The dramatic collapse of crypto exchange FTX in November 2022 is not moving Bermuda away from accommodating crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the Bermudan Premier and Finance Minister Edward Burt, who believes there are

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Terra’s branding at MLB opener draws attention from spectators

[ad_1] As baseball enthusiasts flocked to Nationals Park in Washington D.C for the opening day of the Major League Baseball (MLB) season, the appearance of Terra — the crypto ecosystem that collapsed in May 2022 — didn’t go unnoticed by attendees. A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on

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Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

[ad_1] Elon Musk and his lawyers reportedly requested a United States judge dismiss a $258 billion lawsuit filed by investors who alleged he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE). According to an April 1 Reuters report, Elon Musk’s lawyers stated that the lawsuit against Musk — filed by Dogecoin investors in June

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El Salvador removes all taxes related to tech innovation for economic growth

[ad_1] El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, has decided to eliminate all taxes on technology innovations. The move runs parallel to establishing the National Bitcoin Office (ONBTC) of El Salvador, also known as “the Bitcoin office.“ When legalizing Bitcoin on Sept. 7, 2021, Salvadoran President Nayib Bukele saw

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Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

[ad_1] A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23,

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More than 3,600 Bitcoin ATMs went offline to record largest monthly decline

[ad_1] Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of

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Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

[ad_1] Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms.  However, on Feb. 13, the New York Department of Financial Services ordered Paxos to stop minting any

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