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EU Reportedly Preparing to Impose Significant Fines on Elon Musk's X, Potentially Exceeding $1 Billion
European Union regulators are reportedly preparing to impose significant penalties on Elon Musk’s social media platform X for violations of the Digital Services Act, which aims to combat illicit content and disinformation, according to a report by the New York Times. Sources familiar with the situation indicate that the penalties may include a substantial fine, potentially exceeding $1 billion, along with demands for product changes. This marks the first enforcement action under the new law, which requires social media companies to enhance their content moderation practices.
https://news.bitcoin.com/eu-reportedly-preparing-to-impose-significant-fines-on-elon-musks-x-potentially-exceeding-1-billion/
European Union regulators are reportedly preparing to impose significant penalties on Elon Musk’s social media platform X for violations of the Digital Services Act, which aims to combat illicit content and disinformation, according to a report by the New York Times. Sources familiar with the situation indicate that the penalties may include a substantial fine, potentially exceeding $1 billion, along with demands for product changes. This marks the first enforcement action under the new law, which requires social media companies to enhance their content moderation practices.
https://news.bitcoin.com/eu-reportedly-preparing-to-impose-significant-fines-on-elon-musks-x-potentially-exceeding-1-billion/
Treasure DAO announces huge pivot in hopes of extending runway to February
Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026.
Treasure DAO's chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects.
“I will introduce this after all of you provide your opinions at this time. I have my own thoughts, but we must make this decision as a community through long deliberation. The best ideas need to rise to the surface,” he said.
https://cointelegraph.com/news/treasure-dao-announces-huge-pivot-attempt-extend-runway
Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026.
Treasure DAO's chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects.
“I will introduce this after all of you provide your opinions at this time. I have my own thoughts, but we must make this decision as a community through long deliberation. The best ideas need to rise to the surface,” he said.
https://cointelegraph.com/news/treasure-dao-announces-huge-pivot-attempt-extend-runway
Bitcoin Mining’s Energy Shift: Coal Use Drops While Renewables Rise
Bitcoin mining, which initially relied heavily on fossil fuels, has undergone a significant transformation in recent years. A new report released by the MiCA Crypto Alliance in collaboration with Nodiens reveals an important shift in the energy landscape of Bitcoin mining.
Coal energy usage, which once made up 63% of Bitcoin’s mining energy in 2011, has now dropped dramatically to just 20% in 2024. This transition comes amid growing concerns over environmental impact and increasing pressure for sustainable mining practices.
https://bitcoinist.com/bitcoin-minings-energy-shift-coal-use-drops-while/
Bitcoin mining, which initially relied heavily on fossil fuels, has undergone a significant transformation in recent years. A new report released by the MiCA Crypto Alliance in collaboration with Nodiens reveals an important shift in the energy landscape of Bitcoin mining.
Coal energy usage, which once made up 63% of Bitcoin’s mining energy in 2011, has now dropped dramatically to just 20% in 2024. This transition comes amid growing concerns over environmental impact and increasing pressure for sustainable mining practices.
https://bitcoinist.com/bitcoin-minings-energy-shift-coal-use-drops-while/
Dogecoin Not Part Of D.O.G.E Plans, Clarifies Elon Musk
Elon Musk has put to rest persistent speculation linking Dogecoin (DOGE) to the newly formed US Department of Government Efficiency (D.O.G.E.), clarifying that the agency has no connection to the meme-based cryptocurrency. Speaking at a town hall hosted by his America PAC in Green Bay, Wisconsin, Musk said the similarity in naming was coincidental and driven by public input, not by any intention to integrate the digital asset into government operations.
https://bitcoinist.com/dogecoin-not-part-of-d-o-g-e-elon-musk/
Elon Musk has put to rest persistent speculation linking Dogecoin (DOGE) to the newly formed US Department of Government Efficiency (D.O.G.E.), clarifying that the agency has no connection to the meme-based cryptocurrency. Speaking at a town hall hosted by his America PAC in Green Bay, Wisconsin, Musk said the similarity in naming was coincidental and driven by public input, not by any intention to integrate the digital asset into government operations.
https://bitcoinist.com/dogecoin-not-part-of-d-o-g-e-elon-musk/
Spot Gold Prices Register New Record Level, Futures Cross $3,100
Gold has regained its position as the standard hedge for international investment markets. On March 28, the precious metal registered a new all-time high in price, as investors kept purchasing gold to protect themselves from inflation, macro instability, and turmoil.
A troy ounce of fine spot gold reached $3,086.70, soaring to record highs once again, while futures settled at a price higher than the $3,100 mark.
Analysts discussed that the inflation numbers released, which were just a little hotter than expected, might have helped to create the perfect storm to keep gold reaching new heights. Nonetheless, most still accrue this never-ending bull run to the fundamentals, becoming a counterparty-free, controlled-risk hedge against all kinds of market instability.
https://news.bitcoin.com/spot-gold-prices-register-new-record-level-futures-cross-3100/
Gold has regained its position as the standard hedge for international investment markets. On March 28, the precious metal registered a new all-time high in price, as investors kept purchasing gold to protect themselves from inflation, macro instability, and turmoil.
A troy ounce of fine spot gold reached $3,086.70, soaring to record highs once again, while futures settled at a price higher than the $3,100 mark.
Analysts discussed that the inflation numbers released, which were just a little hotter than expected, might have helped to create the perfect storm to keep gold reaching new heights. Nonetheless, most still accrue this never-ending bull run to the fundamentals, becoming a counterparty-free, controlled-risk hedge against all kinds of market instability.
https://news.bitcoin.com/spot-gold-prices-register-new-record-level-futures-cross-3100/
8,000 Dormant Bitcoin Suddenly Move: What’s Next For The Market?
Popular CryptoQuant analyst Maartunn reports that 8,000 Bitcoin (BTC) which have been dormant for five to seven years have been moved suddenly, adding to current bearish concerns in the crypto. This development comes after a rather adventurous week as BTC prices struggled to break above $89,000, following an initial steady bullish climb, before succumbing to heavy selling pressures driven by US President Donald Trump’s hawkish tariff policy.
https://bitcoinist.com/8000-dormant-bitcoin-suddenly-moves-whats-next/
Popular CryptoQuant analyst Maartunn reports that 8,000 Bitcoin (BTC) which have been dormant for five to seven years have been moved suddenly, adding to current bearish concerns in the crypto. This development comes after a rather adventurous week as BTC prices struggled to break above $89,000, following an initial steady bullish climb, before succumbing to heavy selling pressures driven by US President Donald Trump’s hawkish tariff policy.
https://bitcoinist.com/8000-dormant-bitcoin-suddenly-moves-whats-next/
Dogecoin’s Supply Dynamics Shifts – Here Are The Key Levels To Watch Out For
Bearish pressure has halted Dogecoin’s renewed upward momentum after the market gained traction a few days ago, bringing its price just below the $0.20 level. While DOGE struggles with the pullback, many participants are still holding on to the meme coin, reflecting robust confidence in its potential.
Dogecoin is having trouble regaining its upward momentum, and crucial metrics are showing critical levels that could dictate its next course of action. World-leading on-chain data and financial platform Glassnode has outlined a notable trend in Dogecoin’s supply metrics as the meme coin faces bearish pressure.
https://bitcoinist.com/dogecoin-supply-dynamics-shifts/
Bearish pressure has halted Dogecoin’s renewed upward momentum after the market gained traction a few days ago, bringing its price just below the $0.20 level. While DOGE struggles with the pullback, many participants are still holding on to the meme coin, reflecting robust confidence in its potential.
Dogecoin is having trouble regaining its upward momentum, and crucial metrics are showing critical levels that could dictate its next course of action. World-leading on-chain data and financial platform Glassnode has outlined a notable trend in Dogecoin’s supply metrics as the meme coin faces bearish pressure.
https://bitcoinist.com/dogecoin-supply-dynamics-shifts/
Crypto Influencer ‘BitBoy’ Arrested Over Alleged Threats To Judge
Crypto influencer Ben “BitBoy” Armstrong was seen in handcuffs in Florida, reports say. The Volusia County Division of Corrections verified the arrest, which occurred at about 7:18 PM local time on March 25, 2025. This adds another twist to the already scandalous past of the online personality.
Though official charges haven’t been declared by Florida authorities, the motive for Armstrong’s arrest appears to indicate threats allegedly levelled against a US Judge in Georgia. Her name is Kimberly Childs.
Armstrong himself had even mentioned this possibility a few days ago. On March 21st, he even declared that an arrest warrant had been issued against him. He explained this was because of emails he wrote to Judge Childs when he was defending himself in a court fight.
https://bitcoinist.com/bitboy-arrested-over-alleged-threats-to-judge/
Crypto influencer Ben “BitBoy” Armstrong was seen in handcuffs in Florida, reports say. The Volusia County Division of Corrections verified the arrest, which occurred at about 7:18 PM local time on March 25, 2025. This adds another twist to the already scandalous past of the online personality.
Though official charges haven’t been declared by Florida authorities, the motive for Armstrong’s arrest appears to indicate threats allegedly levelled against a US Judge in Georgia. Her name is Kimberly Childs.
Armstrong himself had even mentioned this possibility a few days ago. On March 21st, he even declared that an arrest warrant had been issued against him. He explained this was because of emails he wrote to Judge Childs when he was defending himself in a court fight.
https://bitcoinist.com/bitboy-arrested-over-alleged-threats-to-judge/
Bitcoin Is 'Fulfilling Its Destiny' As World Reserve Currency, Says Bitcoin Whale Trace Mayer
Veteran Bitcoin BTC/USD advocate Trace Mayer has raised doubts about the U.S. government's ability to amass a large portion of the global Bitcoin supply, warning that attempts to acquire 5 million BTC could dramatically impact the market.
What Happened: In a conversation with Pete Rizzo at the Digital Asset Summit in New York, Mayer questioned recent calls by industry leaders such as Strategy Executive Chairman Michael Saylor and U.S. Senator Cynthia Lummis (R-Wyo.), who have floated the idea of a national Bitcoin reserve on the scale of millions of coins.
"They would have a hard time,"
https://www.benzinga.com/markets/cryptocurrency/25/03/44499889/bitcoin-is-fulfilling-its-destiny-as-world-reserve-currency-says-bitcoin-whale-trace-mayer
Veteran Bitcoin BTC/USD advocate Trace Mayer has raised doubts about the U.S. government's ability to amass a large portion of the global Bitcoin supply, warning that attempts to acquire 5 million BTC could dramatically impact the market.
What Happened: In a conversation with Pete Rizzo at the Digital Asset Summit in New York, Mayer questioned recent calls by industry leaders such as Strategy Executive Chairman Michael Saylor and U.S. Senator Cynthia Lummis (R-Wyo.), who have floated the idea of a national Bitcoin reserve on the scale of millions of coins.
"They would have a hard time,"
https://www.benzinga.com/markets/cryptocurrency/25/03/44499889/bitcoin-is-fulfilling-its-destiny-as-world-reserve-currency-says-bitcoin-whale-trace-mayer
Inside Coinbase’s Validator Operations: 120K Nodes and Counting
The exchange oversees 3.84 million in staked ether ( ETH) which accounts for 11.42% of all staked ETH.
Cryptocurrency exchange Coinbase (Nasdaq: COIN) released its inaugural Ethereum Validator Report last week, giving the public an inside glimpse into the firm’s staking operations for the first time.
Coinbase is the second largest staker of ether ( ETH), second only to liquid staking behemoth Lido. America’s largest exchange stated in its most recent shareholder letter published in February, that its goal in 2025 is to grow its subscription and services revenue, the latter of which includes staking. That revenue clocked in at $2.3 billion in 2024.
https://news.bitcoin.com/inside-coinbases-validator-operations-120k-nodes-and-counting/
The exchange oversees 3.84 million in staked ether ( ETH) which accounts for 11.42% of all staked ETH.
Cryptocurrency exchange Coinbase (Nasdaq: COIN) released its inaugural Ethereum Validator Report last week, giving the public an inside glimpse into the firm’s staking operations for the first time.
Coinbase is the second largest staker of ether ( ETH), second only to liquid staking behemoth Lido. America’s largest exchange stated in its most recent shareholder letter published in February, that its goal in 2025 is to grow its subscription and services revenue, the latter of which includes staking. That revenue clocked in at $2.3 billion in 2024.
https://news.bitcoin.com/inside-coinbases-validator-operations-120k-nodes-and-counting/
Trump Praise Fires Up TRUMP Crypto: Is TRUMP Price Heading For Major Breakout?
President Donald Trump just promoted his meme coin, $TRUMP, on his platform Truth Social, triggering a modest price surge. Shortly after the post, the coin saw a 16% jump, briefly reaching $12.50.
This comes just over 2 months since the original launch of the TRUMP crypto token, which was launched on the Weekend before his inauguration in a move that stunned global spectators.
The presidential meme coin quickly swept all liquidity in the market, surging to $200Bn, before miraculously dumping in one of the worst sell-offs of 2025.
https://99bitcoins.com/news/trump-praise-fires-up-trump-crypto-is-trump-price-heading-for-major-breakout/
President Donald Trump just promoted his meme coin, $TRUMP, on his platform Truth Social, triggering a modest price surge. Shortly after the post, the coin saw a 16% jump, briefly reaching $12.50.
This comes just over 2 months since the original launch of the TRUMP crypto token, which was launched on the Weekend before his inauguration in a move that stunned global spectators.
The presidential meme coin quickly swept all liquidity in the market, surging to $200Bn, before miraculously dumping in one of the worst sell-offs of 2025.
https://99bitcoins.com/news/trump-praise-fires-up-trump-crypto-is-trump-price-heading-for-major-breakout/
Bitcoin Forms Rising Wedge Pattern – Is BTC Primed For A Breakout Or Breakdown?
Bitcoin’s price is navigating a critical phase as it moves within a rising wedge pattern, a setup that often signals an impending breakout or potential reversal. With bulls attempting to sustain momentum, BTC remains on the verge of a decisive move that could either propel it to new highs or trigger a corrective downturn.
The market’s next direction hinges on whether buyers can push past resistance or if selling pressure forces a breakdown. As volatility looms, there is a high lookout if BTC’s uptrend will hold or if a sharp pullback is on the horizon.
https://bitcoinist.com/bitcoin-rising-wedge-pattern/
Bitcoin’s price is navigating a critical phase as it moves within a rising wedge pattern, a setup that often signals an impending breakout or potential reversal. With bulls attempting to sustain momentum, BTC remains on the verge of a decisive move that could either propel it to new highs or trigger a corrective downturn.
The market’s next direction hinges on whether buyers can push past resistance or if selling pressure forces a breakdown. As volatility looms, there is a high lookout if BTC’s uptrend will hold or if a sharp pullback is on the horizon.
https://bitcoinist.com/bitcoin-rising-wedge-pattern/
Solana ETF Dream Can’t Save Its Price: Here’s Why
Despite the big Solana ETF news in the U.S., Solana crypto price hasn’t seen significant upward moves. This can be due to many things, but one of them is that ETF Solana news is already priced in. Another thing could be that investors are a little bit cautious about geopolitical and macro views.
Many other concerns still exist, from liquidity to regulatory hurdles. One of the big supporters now is Trump, Solana can benefit from that.
https://99bitcoins.com/news/solana-etf-dream-cant-save-its-price-heres-why/
Despite the big Solana ETF news in the U.S., Solana crypto price hasn’t seen significant upward moves. This can be due to many things, but one of them is that ETF Solana news is already priced in. Another thing could be that investors are a little bit cautious about geopolitical and macro views.
Many other concerns still exist, from liquidity to regulatory hurdles. One of the big supporters now is Trump, Solana can benefit from that.
https://99bitcoins.com/news/solana-etf-dream-cant-save-its-price-heres-why/
US Treasury Removes Sanctions on Tornado Cash
The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments.
The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’s discretion in addressing novel challenges posed by digital assets. Treasury officials emphasized that the move does not diminish concerns over state-sponsored hacking and money laundering, particularly by the Democratic People’s Republic of Korea (DPRK).
https://news.bitcoin.com/us-treasury-removes-sanctions-on-tornado-cash/
The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments.
The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’s discretion in addressing novel challenges posed by digital assets. Treasury officials emphasized that the move does not diminish concerns over state-sponsored hacking and money laundering, particularly by the Democratic People’s Republic of Korea (DPRK).
https://news.bitcoin.com/us-treasury-removes-sanctions-on-tornado-cash/
Tanzanian Shilling’s 8.9% YTD Drop Earns It World’s Worst-Performing Currency Status
The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar stood at 2,645 per dollar, a level last seen in late November 2024. This decline is attributed to rising imports and increased public debt, largely due to major infrastructure projects like a new port, oil pipeline, and LNG facility. Despite a projected 6% GDP growth, the currency faces short-term pressures from a widening current-account deficit and liquidity constraints. While these infrastructure investments are expected to yield long-term economic benefits, they are currently contributing to increased imports and debt, putting further strain on the shilling.
https://news.bitcoin.com/tanzanian-shillings-8-9-ytd-drop-earns-it-worlds-worst-performing-currency-status/
The Tanzanian shilling has experienced a significant decline, becoming the world’s worst-performing currency this year, dropping 8.9%. At the time of writing, the currency’s exchange rate against the U.S. dollar stood at 2,645 per dollar, a level last seen in late November 2024. This decline is attributed to rising imports and increased public debt, largely due to major infrastructure projects like a new port, oil pipeline, and LNG facility. Despite a projected 6% GDP growth, the currency faces short-term pressures from a widening current-account deficit and liquidity constraints. While these infrastructure investments are expected to yield long-term economic benefits, they are currently contributing to increased imports and debt, putting further strain on the shilling.
https://news.bitcoin.com/tanzanian-shillings-8-9-ytd-drop-earns-it-worlds-worst-performing-currency-status/
Bitcoin-Backed Loans Good for Altcoins Like Best Wallet Token
Xapo Bank is the latest in a string of financial institutions that have introduced Bitcoin-backed loans for its customers. This is yet another good indication that the world is warming towards accepting cryptocurrency as a genuine asset.
A Bitcoin-backed loan provides access to US dollars without having to sell your $BTC. This means that Xapo Bank customers can now borrow up to 40% of their $BTC collateral for a maximum loan amount of $1M.
That’s with zero fees. However, Xapo Bitcoin-backed loans are subject to eligibility and a variable interest rate that’s linked to US Federal Reserve rates. And loans aren’t available to customers who reside in the UK or Australia.
https://bitcoinist.com/bitcoin-backed-loans-good-for-altcoins-like-best-wallet-token/
Xapo Bank is the latest in a string of financial institutions that have introduced Bitcoin-backed loans for its customers. This is yet another good indication that the world is warming towards accepting cryptocurrency as a genuine asset.
A Bitcoin-backed loan provides access to US dollars without having to sell your $BTC. This means that Xapo Bank customers can now borrow up to 40% of their $BTC collateral for a maximum loan amount of $1M.
That’s with zero fees. However, Xapo Bitcoin-backed loans are subject to eligibility and a variable interest rate that’s linked to US Federal Reserve rates. And loans aren’t available to customers who reside in the UK or Australia.
https://bitcoinist.com/bitcoin-backed-loans-good-for-altcoins-like-best-wallet-token/
Solana Faces Criticism—Removes Ad Following Backlash On Gender Identity
There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out.
The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism.\
The video depicted a character named “America” who was undergoing therapy; the character said he was having thoughts about “innovation.”
The therapist recommended that the subject concentrate on pronouns or the development of new genders rather than pursing technological innovation, like crypto, during the session.
“America” answered by stating a wish to “invent technologies, not genders.”
https://bitcoinist.com/solana-faces-criticism-removes-ad-following-backlash-regarding-gender-identity/
There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out.
The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism.\
The video depicted a character named “America” who was undergoing therapy; the character said he was having thoughts about “innovation.”
The therapist recommended that the subject concentrate on pronouns or the development of new genders rather than pursing technological innovation, like crypto, during the session.
“America” answered by stating a wish to “invent technologies, not genders.”
https://bitcoinist.com/solana-faces-criticism-removes-ad-following-backlash-regarding-gender-identity/
Metaplanet buys $12.5 million worth of BTC, issues bonds to purchase more bitcoin
The latest purchase boosted the firm's total holdings to 3,200 BTC, acquired for about $266.2 million, according to Metaplanet CEO Simon Gerovich. Based on current market prices, the firm's 3,200 BTC is worth about $265.9 million.
Also on Tuesday, Metaplanet raised 2 billion yen, or about $13.3 million, through bond issuance to buy more bitcoin.
Metaplanet has embarked on a bitcoin buying spree since adopting a bitcoin accumulation strategy in April 2024. It aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
https://www.theblock.co/post/346744/metaplanet-btc-bonds
The latest purchase boosted the firm's total holdings to 3,200 BTC, acquired for about $266.2 million, according to Metaplanet CEO Simon Gerovich. Based on current market prices, the firm's 3,200 BTC is worth about $265.9 million.
Also on Tuesday, Metaplanet raised 2 billion yen, or about $13.3 million, through bond issuance to buy more bitcoin.
Metaplanet has embarked on a bitcoin buying spree since adopting a bitcoin accumulation strategy in April 2024. It aims to hold 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.
https://www.theblock.co/post/346744/metaplanet-btc-bonds
Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming?
XRP has finally found stability above crucial demand levels after enduring weeks of heavy selling pressure and market uncertainty. Despite the broader crypto market’s volatility, XRP remains within a long-term range, trading between its $1.90 low and the $3.40 all-time high.
After gaining over 30% since last Tuesday, analysts are speculating about a potential breakout above critical supply zones. If XRP continues building momentum, it could soon challenge key resistance levels, setting the stage for a larger move to the upside.
https://www.newsbtc.com/news/ripple/whales-accumulate-over-150-million-xrp-in-just-48-hours-is-a-rally-incoming/
XRP has finally found stability above crucial demand levels after enduring weeks of heavy selling pressure and market uncertainty. Despite the broader crypto market’s volatility, XRP remains within a long-term range, trading between its $1.90 low and the $3.40 all-time high.
After gaining over 30% since last Tuesday, analysts are speculating about a potential breakout above critical supply zones. If XRP continues building momentum, it could soon challenge key resistance levels, setting the stage for a larger move to the upside.
https://www.newsbtc.com/news/ripple/whales-accumulate-over-150-million-xrp-in-just-48-hours-is-a-rally-incoming/
Hive Digital Doubles Down on Paraguay Bitcoin Mining Expansion
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations.
Hive Digital, one of the largest public bitcoin miners in the world, has announced big plans regarding its activities in Paraguay. At The Street’s Roundtable, Hive Digital Executive Chairman Frank Holmes revealed the upcoming steps of the company in the South American nation, known for its abundant hydroelectrical resources.
https://news.bitcoin.com/hive-digital-doubles-down-on-paraguay-bitcoin-mining-expansion/
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations.
Hive Digital, one of the largest public bitcoin miners in the world, has announced big plans regarding its activities in Paraguay. At The Street’s Roundtable, Hive Digital Executive Chairman Frank Holmes revealed the upcoming steps of the company in the South American nation, known for its abundant hydroelectrical resources.
https://news.bitcoin.com/hive-digital-doubles-down-on-paraguay-bitcoin-mining-expansion/
Ethereum FUD Spikes On Social Media After 13% Price Drop: Bottom Signal?
According to data from the analytics firm Santiment, traders on social media have become bearish toward Ethereum following the price drawdown. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about whether the social media users are bullish or bearish toward a given coin.
The metric works by going through the major social media platforms to filter for posts/threads/messages that contain at least one mention of the asset. It then puts these posts through a machine-learning model to determine whether the comments are positive or negative.
https://bitcoinist.com/ethereum-fud-spikes-social-media-13-price-bottom/
According to data from the analytics firm Santiment, traders on social media have become bearish toward Ethereum following the price drawdown. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about whether the social media users are bullish or bearish toward a given coin.
The metric works by going through the major social media platforms to filter for posts/threads/messages that contain at least one mention of the asset. It then puts these posts through a machine-learning model to determine whether the comments are positive or negative.
https://bitcoinist.com/ethereum-fud-spikes-social-media-13-price-bottom/
Altcoin Season: Crypto Expert Reveals Why $425 Billion Is Important
Crypto expert Rekt Capital recently discussed the altcoin season and provided an analysis which showed why the $425 billion market cap level is important. Meanwhile, Mags, another crypto expert, provided some insights into when the next altseason could occur.
Why The $425 Billion Level Is Important For AltSeason
In an X post, Rekt Capital highlighted the $425 billion level and provided insights into why this level may be critical in determining if there is another altcoin season. The analyst noted that the alt market cap has indeed rejected from this $425 billion level. However, he added some positives indicating that the market cap could soon break past this level.
https://bitcoinist.com/altcoin-season-nearing-kickoff/
Crypto expert Rekt Capital recently discussed the altcoin season and provided an analysis which showed why the $425 billion market cap level is important. Meanwhile, Mags, another crypto expert, provided some insights into when the next altseason could occur.
Why The $425 Billion Level Is Important For AltSeason
In an X post, Rekt Capital highlighted the $425 billion level and provided insights into why this level may be critical in determining if there is another altcoin season. The analyst noted that the alt market cap has indeed rejected from this $425 billion level. However, he added some positives indicating that the market cap could soon break past this level.
https://bitcoinist.com/altcoin-season-nearing-kickoff/
Nebraska 'Open for Business' to Crypto With New Bitcoin ATM Law
Nebraska will begin regulating Bitcoin and crypto ATMs to protect customers from scams, after Governor Pillen signed the bill into law.
Nebraska bill LB609, which will help protect users of Bitcoin ATMs and other electronic kiosks, was signed into law Wednesday by Nebraska Governor Jim Pillen.
The Controllable Electronic Record Fraud Prevention Act implements regulations to warn individuals of potential fraudulent behavior, and prevent them from being harmed. While the text of the bill itself isn’t significantly focused on crypto terminology, the governor’s office put out a statement Thursday saying that it's a key part of the state’s embrace of crypto.
https://decrypt.co/309700/nebraska-enatcs-bitcoin-crypto-atm-law
Nebraska will begin regulating Bitcoin and crypto ATMs to protect customers from scams, after Governor Pillen signed the bill into law.
Nebraska bill LB609, which will help protect users of Bitcoin ATMs and other electronic kiosks, was signed into law Wednesday by Nebraska Governor Jim Pillen.
The Controllable Electronic Record Fraud Prevention Act implements regulations to warn individuals of potential fraudulent behavior, and prevent them from being harmed. While the text of the bill itself isn’t significantly focused on crypto terminology, the governor’s office put out a statement Thursday saying that it's a key part of the state’s embrace of crypto.
https://decrypt.co/309700/nebraska-enatcs-bitcoin-crypto-atm-law
Bybit Hack Spotlights $BEST Token’s Multi-Chain Growth As Ultimate Security Solution
Its native token, $BEST, is currently priced at $0.0243 per token for the next 30 hours before the price increases, giving investors a limited window to secure tokens at a lower rate.
Once Best Wallet hits the $11 million milestone, people familiar with the project speculate that fundraising efforts could soon wrap up.
Last month, The Bybit fiasco underscored the need for self-custody solutions. Best Wallet is emerging as a leader in this space – not just for its enhanced security but also for its advanced capabilities compared to existing alternatives.
Holding $BEST isn’t just a stake in this solution; it’s also a stake in Best Wallet’s expanding ecosystem, designed to be a one-stop shop for all things crypto finance.
https://99bitcoins.com/news/pr-news/bybit-hack-spotlights-best-tokens-multi-chain-growth-as-ultimate-security-solution/
Its native token, $BEST, is currently priced at $0.0243 per token for the next 30 hours before the price increases, giving investors a limited window to secure tokens at a lower rate.
Once Best Wallet hits the $11 million milestone, people familiar with the project speculate that fundraising efforts could soon wrap up.
Last month, The Bybit fiasco underscored the need for self-custody solutions. Best Wallet is emerging as a leader in this space – not just for its enhanced security but also for its advanced capabilities compared to existing alternatives.
Holding $BEST isn’t just a stake in this solution; it’s also a stake in Best Wallet’s expanding ecosystem, designed to be a one-stop shop for all things crypto finance.
https://99bitcoins.com/news/pr-news/bybit-hack-spotlights-best-tokens-multi-chain-growth-as-ultimate-security-solution/
US Department of Housing considers crypto and blockchain usage: ProPublica
The U.S. Department of Housing and Urban Development is considering adopting cryptocurrency and blockchain in some of its operations, ProPublica reported, citing sources familiar with the matter.
The HUD has held meetings to discuss the possibility of using blockchain to monitor HUD grants, according to ProPublica's Friday report. Two officials, who requested anonymity, told the publication that such an experiment may serve as a trial run for crypto adoption across the federal government.
The report said that the HUD discussions also covered the potential use of a stablecoin, but it didn't provide more details on which stablecoin or blockchain was being discussed. One potential proposal could be paying HUD grantees in crypto, some sources indicated to ProPublica, though a HUD spokesperson said the department has no plans for blockchain or stablecoin.
https://www.theblock.co/post/345398/us-department-housing-crypto-blockchain
The U.S. Department of Housing and Urban Development is considering adopting cryptocurrency and blockchain in some of its operations, ProPublica reported, citing sources familiar with the matter.
The HUD has held meetings to discuss the possibility of using blockchain to monitor HUD grants, according to ProPublica's Friday report. Two officials, who requested anonymity, told the publication that such an experiment may serve as a trial run for crypto adoption across the federal government.
The report said that the HUD discussions also covered the potential use of a stablecoin, but it didn't provide more details on which stablecoin or blockchain was being discussed. One potential proposal could be paying HUD grantees in crypto, some sources indicated to ProPublica, though a HUD spokesperson said the department has no plans for blockchain or stablecoin.
https://www.theblock.co/post/345398/us-department-housing-crypto-blockchain
