News about Cryptocurrencies
The UK Ministry of Finance has presented a strategy for payment sector reform. The authorities plan to combine the regulation of traditional services, stablecoins and tokenized deposits into a single legal framework.
Billionaire Ilon Musk has once again demonstrated the art of market manipulation. His short post on social network X caused mixed reactions from users, once again mixing politics and the crypto market. Although in essence, many considered Musk’s tweet to be “empty” in general.
A Greek company that deals with maritime risk management has warned that some shipping companies have received fraudulent messages from unknown individuals posing as Iranian authorities. The messages offer safe passage through the Strait of Hormuz in exchange for cryptocurrency.
Bitcoin was trading at $75,733 on Tuesday morning, having added 1.5% in the past 24 hours, amid Iran signaling it was sending a delegation to talks with Pakistan and Brent crude falling ahead of Wednesday’s ceasefire deadline.
Centralized, closed and not open on weekends, the New York Stock Exchange is emblematic of everything bitcoin was created to disrupt, The Wall Street Journal writes. Nevertheless, the 233-year-old Wall Street giant has quietly and unexpectedly become a major player in the crypto industry.
Jeremy Allaire, CEO and co-founder of Circle Internet Group (issuer of the world’s second-largest steiblcoin USDC), said there is a “tremendous opportunity” to create a Chinese yuan-backed steiblcoin.
The price of the first cryptocurrency rose to $78,000 for the first time since early February. The reason for the positive dynamics was the statement of Iranian Foreign Minister Abbas Araghchi, who announced the opening of the Strait of Hormuz.
Bitcoin traded near $74,700 in Asian morning hours on Friday, down 0.4% in 24 hours but up 3.5% for the week as a 10-day rally in global stock markets paused ahead of the expiration of a truce between the U.S. and Iran next week.
Market participants and trading companies previously working with cryptocurrencies are switching to trading traditional assets en masse.
The resilience of digital gold during the Iran war is not a contradiction to the risk avoidance regime, but a direct consequence of it. This opinion was shared by Bitwise Investment Director Matt Hougan and the company’s Head of Research Ryan Rasmussen.
The National Anti-Corruption Center (NAC) said in a report on its work over the past week that cryptocurrencies worth the equivalent of $1.3 million were deposited into the institution’s treasury accounts.
The price of the first cryptocurrency rose to $75k for the first time since mid-March.
Since its launch, there was a computational error in the bitcoin mining algorithm, which allowed to mine blocks at extremely high speeds. This was revealed by researcher Loic Morel.
Pulitzer Prize-winning author John Carreyrou of the New York Times has suggested that British cryptographer Adam Back may be bitcoin creator Satoshi Nakamoto.
In March, the U.S. consumer price index increased by 0.9% – from 2.4% to 3.3%. The index reached its highest level since May 2024, analysts of The Kobeissi Letter noted.
Iran demands payment for passage through the Strait of Hormuz in cryptocurrency.
For cryptoasset providers, capital requirements are set between €50,000 and €150,000, while issuers are subject to strict disclosure standards and liability for inaccurate data.
Michael Saylor, executive chairman of Strategy (MSTR), believes bitcoin probably bottomed out in early February at the $60,000 level.
Moldovan law enforcers and prosecutors have been trained by American specialists in investigating cryptocurrency transactions.
On April 8, the price of the first cryptocurrency jumped 4.3%, breaking through the $71,000 level. At the time of writing, the asset is trading around $71,600.
