With US stocks unstable, consumer confidence in the economy plunging and whispers of a potential recession growing less muted, the economy under President Donald Trump's second term has been about as stable as a recovering addict's first week back on blow. With that turbulence as a backdrop, the cryptocurrency industry hoped Thursday's executive order establishing a federal Bitcoin reserve would at least spur a surge in the blockchain ecosystem. Instead, Bitcoin's value has dropped sharply, and one crypto-focused hedge fund founder called Trump's order "the most underwhelming and disappointing outcome we could have expected for this week."<br /> After Trump posted in January that he would sign an executive order to establish a crypto stockpile, the [...]
Senator Elizabeth Warren (D-MA) and Representative Melanie Stansbury (D-N.M.) are leading a group of congressional Democrats in investigating White House Special Advisor David Sacks for possibly servi [...]
Just hours before the White House Crypto Summit, President Donald Trump signed an executive order to establish a strategic Bitcoin reserve and a separate stockpile of other digital assets. The news pl [...]
Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government wil [...]
BlackRock, the world’s largest asset manager, has launched its first Bitcoin product in Europe, a move that industry experts say will help legitimise cryptocurrencies in mainstream finance. “Thi [...]
Kuwait is cracking down on cryptocurrency miners throughout the country, as reported by Reuters. Officials have blamed the practice for blackouts and for causing stress on its power grid. The country [...]
James Howells, a British IT worker, mined over 7,500 Bitcoins back in 2009, when they were worth next to nothing. Now a single Bitcoin is worth nearly $100,000, valuing his stash at well over $700 mil [...]