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A bill that would allow New Hampshire to invest a portion of its state funds in digital assets and precious metals has advanced to a full Senate vote after passing a second committee. On April 23, House Bill 302 (HB 302) was reviewed in the second Senate committee and passed in a 4-1 vote. The …
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The telecommunications decentralized physical infrastructure network (DePIN) project, Helium, partnered with US telcom giant AT&T to bring WiFi to its users. According to an April 24 announcement shared with Cointelegraph, as part of the partnership, AT&T customers can now connect to Helium’s community-built WiFi network. Helium Mobile data shows that the network includes over 93,500 …
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Asian investment firms are stepping up their Bitcoin accumulation strategies, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings leading the way. Tokyo-based Metaplanet disclosed on April 24 that it acquired an additional 145 Bitcoin (BTC) for 1.9 billion Japanese yen (around $13.4 million), boosting its total holdings to 5,000 BTC. Metaplanet CEO Simon Gerovich …
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Analysts are criticizing the financial implications of US President Donald Trump’s import tariffs, a development that some say highlights Bitcoin’s unique economic properties during times of global uncertainty. Trump’s 90-day pause on higher reciprocal tariffs, reverting them to a 10% baseline for most countries except China, has exposed vulnerabilities in the US bond market, according …
Continue reading “Trump fought the bond market, and the bond market won: Saifedean Ammous”
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks. DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as a cautionary item. Assets receiving this designation typically undergo rigorous evaluations to determine whether …
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Key points: Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023. Exchange balances continue to plumb new multiyear lows. Whales are particularly active buyers this month, while retail shows classic “panic selling.” Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear …
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Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed after investors formally request preliminary court approval, according to court documents. …
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Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April. In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation if their losses increased or profits decreased. The …
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Fintech giant Revolut reported a record-breaking year, doubling its pre-tax profit to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading. According to its annual report published on Thursday, April 24, Revolut’s profit soared from 438 million pounds in 2023, while revenue jumped to 3.1 …
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Quantitative easing (QE), explained Quantitative easing (QE) is a non-traditional monetary policy tool used by central banks, particularly when interest rates are already low and cannot be reduced further. It was popularized during the 2008 global financial crisis when traditional monetary tools, like lowering interest rates, were insufficient to stimulate economic growth. The main goal …
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