Category: Bitcoin News

Trump‘s ‘Board of Peace‘ Considers Stablecoin for Gaza Efforts: FT

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The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza’s economy following two years of war triggered by a Hamas terror attack in October 2023. According to a Monday Financial Times report, the board is in the preliminary stages of discussing whether a stablecoin could be used to help rebuild Gaza’s economy. A person familiar with the project reportedly said the stablecoin would not be a meme coin or a replacement for…

Bitcoin, Altcoins Fall Toward New Lows As Stocks Digest New Trump Tariffs

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Bitcoin’s (BTC) weakness extended into the weekly open as major stocks sold off in response to US President Donald Trump’s threat to enforce a 15% global tariff after the Supreme Court ruled that his IEEPA tariffs were illegal. Market sentiment remains fragile, as the Crypto Fear & Greed Index at 5 out of 100 remains in the “extreme fear” zone. Pseudonymous trader and investor BitcoinHyper said in a post on X that the index has been in the extreme fear zone for nearly three weeks, the longest since 2022. Traders…

Stablecore Taps Jack Henry to Expand Bank Stablecoin Access

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Stablecore, a digital asset infrastructure company, has joined the Jack Henry Fintech Integration Network, enabling banks and credit unions on the platform to offer stablecoin and tokenized asset services through their existing systems. Jack Henry supplies core processing and digital banking technology to approximately 1,670 banks and credit unions in the United States. Many of those institutions also rely on its Banno Digital Platform, which powers online and mobile banking services for more than 1,000 financial institutions.  On Monday, Stablecore said the integration will connect blockchain-based products to traditional core…

Austria’s Regulator Slaps New Business Ban on KuCoin EU

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Austria’s financial regulator has prohibited KuCoin EU Exchange from conducting new business, citing breaches of internal organizational requirements around Anti-Money Laundering (AML), counter-terrorist financing (CTF) and the observance of financial sanctions. The Thursday decision by the Austrian Financial Market Authority (FMA) means KuCoin’s Vienna-based entity cannot onboard new customers or conclude new contracts or products within existing relationships until key compliance functions are “appropriately filled.” Sabina Liu, managing director at KuCoin EU, told Cointelegraph that two compliance professionals holding designated AML and sanctions oversight functions in Austria had “recently departed,”…

XRP Price May Drop Another 40% Amid Increased Whale Selling

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XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks. XRP (XRP) may slide deeper as its bearish chart structure converges with renewed whale activity on Binance. Key takeaways: Bear pennant setup hints at 42% XRP price decline XRP has been forming what appears to be a bear pennant setup on its two-day chart. A bear pennant pattern forms when the price consolidates inside converging trendlines after a sharp drop, called…

Revolut Confirms Ex-Employee Threatened to Leak KYC Data for Crypto Ransom

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A cryptocurrency trader said a former Revolut employee tried to extort him by threatening to publish his personal information unless he paid a ransom, an allegation that Revolut has confirmed it reported to law enforcement. The trader, who posts under the name TraderSZ, wrote in a Thursday post on X that the former employee threatened to disclose his identity and private details and also contacted members of his family. TraderSZ said relatives who used Revolut received messages seeking to pressure him into paying. “They looked up my details and found…

Rate Launches Crypto Mortgage Program Without Liquidation in the US

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US mortgage lender Rate has launched a nationwide program that allows qualified borrowers to use verified cryptocurrency holdings to help meet underwriting requirements without liquidating their assets, marking a formal step toward integrating digital assets into traditional home financing. The product, called RateFi, operates within the lender’s existing non-qualified mortgage framework and permits borrowers to count verified crypto assets as qualifying reserves and, in some cases, as an income source. Kate Amor, EVP and head of enterprise products at Rate, told Cointelegraph that for underwriting purposes, RateFi assesses digital asset…

Bitcoin Teases ‘First Steps’ To Rebound as $65,000 Holds

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Bitcoin (BTC) battled US sellers at Monday’s Wall Street open amid mixed feelings over the short-term BTC price outlook. Key points: Bitcoin price targets include a $60,000 drop as well as a recovery amid uncertain moves. Bitcoin attempts to absorb repeat rounds of selling into the TradFi trading week. US tariffs remain the key macro catalyst on the radar. Bitcoin outlook splits with BTC in “tricky place” Data from TradingView showed rangebound market moves focusing on $66,000, with BTC/USD down around 2.5% on the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingView…

Bitcoin Bottom at $60k? The Answer Might Be in Tether’s Market Cap Chart

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Bitcoin (BTC) may form a bottom in the coming weeks as Tether’s USDt (USDT) market cap dropped to levels that preceded BTC’s 2022 bear market lows. Key takeaways: Tether’s USDt triggers a signal that last time preceded a 100% Bitcoin price rally. BTC price is testing two major support zones that have historically triggered significant price rebounds. Tether flashes a bottom signal reminiscent of 2022 On Sunday, Tether USDt’s 60-day market cap change was down by $3.1 billion (see chart below), revisiting a historically significant zone that aligned with Bitcoin’s…

Curve’s Egorov Calls for Sustainable DeFi Yield

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Decentralized finance (DeFi) can no longer rely on inflationary token incentives to sustain growth, according to Curve Finance founder Michael Egorov.  In an interview with Cointelegraph, Egorov said protocols must generate real revenue rather than depend on emissions to attract liquidity. “Your yield should come from revenues, not from tokens,” Egorov told Cointelegraph. “You need real revenues flowing.” He added that if a token “is not doing something, maybe it’s better for you to not do token at all.” Egorov contrasted the current environment with the “DeFi summer” of 2020,…