Author: James Wilson
California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member. Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement…
On Mar. 10, 2025, European Stability Mechanism managing director Pierre Gramegna expressed his concerns regarding the potential harm of the U.S. government’s pro-crypto course and USD-denominated stablecoins to the EU’sEU’s financial stability and sovereignty. Gramegna’s recent commentaries concerning the U.S. crypto policy’s potential impact on the eurozone economy are associated with Facebook’s Libra/Diem story. Facebook failed to launch its crypto due to legal disputes and an overall cautious approach to cryptos from governmental institutions. During the Eurogroup press conference, Gramegna said that the tech giants may try to launch their cryptocurrencies like Facebook tried to do in 2019–2022. Given that…
Ethereum price is in its third consecutive week in the red as investors remain on the sidelines. Ethereum (ETH) traded at $1,758 this week, its lowest level since October 2023. It has plunged by over 55% from its highest level… Source link
Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy. “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…
Bolivia’s state-owned energy firm YPFB will begin using crypto to pay for fuel imports as the country grapples with a severe shortage of U.S. dollars and dwindling natural gas production. The decision follows government approval to use digital assets for purchasing energy supplies, as Bolivia struggles to maintain fuel subsidies amid declining foreign currency reserves, according to Reuters reporting. The move comes as long lines at gas stations and scattered protests highlight the worsening fuel crisis. “From now on, these (cryptocurrency) transactions will be carried out,” a YPFB spokesperson told Reuters, emphasizing the urgency of securing energy resources despite financial…
Ripple price remains in a bear market after falling by over 35% from its highest level in January. Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin (BTC) and Cardano (ADA) rising by over 3%. XRP also rose after Franklin Templeton applied for a spot exchange traded fund or ETF on Tuesday. The company, which manages over $1.5 trillion in assets, joined other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares that have applied for a spot XRP ETF. Polymarket users have boosted their odds for…
Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according to an announcement originally shared with Cointelegraph on March 12. This enabled institutions to deposit, withdraw, and trade directly in US dollars on the exchange, instead of having to convert to British pounds or Euros first. To enable instant deposits in dollars (even outside of normal banking hours), Gemini is using Bank Frick’s “xPulse” service. In the announcement shared with…
The Monetary Authority of Singapore and Vietnam’s State Securities Commission have signed a Letter of Intent to collaborate on capital markets regulation and digital asset oversight. The agreement will help both regulators share information on regulatory frameworks, supervisory practices, and anti-money laundering measures. The letter aims to enhance Vietnam’s capacity to develop its digital asset regulatory framework while fostering deeper cooperation between the two financial authorities. Their financial regulators will share expertise on oversight. Today, I welcomed General Secretary of the Communist Party of Vietnam, To Lam, on his first Official Visit to Singapore. His visit is especially meaningful as…
Pepe, the third-biggest meme coin, has been in freefall since December, but two chart patterns point to a strong rebound soon. Pepe (PEPE) jumped to a record high of $0.00002833 in December before crashing by over 80% this month. This retreat has mirrored the performance of other meme coins, whose prices have dropped by double digits from their 2024 highs. Pepe price has formed a falling wedge and a double bottom Technicals suggest that Pepe may be on the verge of a strong bullish breakout in the coming days or weeks. The daily chart shows that it has formed a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Tron, Litecoin, and Lightchain AI are set to surge in March, with Lightchain AI leading after raising $17.1m in presale. These 3 cryptos look ready to explode in March: Tron (TRX), Litecoin (LTC), and Lightchain AI. Tron continues to build momentum with its decentralized applications and strong community, while Litecoin remains a solid investment with its fast transaction speeds and security. However, the standout is Lightchain AI, which has already raised over $17.1 million at a presale price of…