Raoul Pal says the $250B crypto crash was driven by U.S. liquidity pressures from Treasury cash flows, reverse repo depletion, and a gold rally, with Bitcoin mirroring SaaS stocks, not failing fundamentals.
The post US Liquidity Crisis Sparked $250B Crash, Not a ‘Broken’ Crypto Market: Analyst appeared first on Cryptonews. …
Category: Cryptocurrencies
Ripple Co-Founder Leads $40M Push to Counter California Wealth Tax
Ripple co-founder Chris Larsen and venture capitalist Tim Draper launched Grow California with $40 million to elect moderate state legislators and oppose a union-backed wealth tax that would impose a 5% levy on net worth exceeding $1 billion.
The post Ripple Co-Founder Leads $40M Push to Counter California Wealth Tax appeared first on Cryptonews. …
Bitcoin Hashrate Falls 12% After US Winter Storms Hit Miners
Bitcoin mining activity has suffered its sharpest setback in four years after severe winter storms forced large operators to scale back production.
The post Bitcoin Hashrate Falls 12% After US Winter Storms Hit Miners appeared first on Cryptonews. …
Bitcoin’s 7% Drop to $77K May Mark Cycle Low, Analyst Says
Bitcoin may have found a floor after sliding roughly 7% to $77,000 over the weekend, according to analyst PlanC, who argues the move could mark a pullback.
The post Bitcoin’s 7% Drop to $77K May Mark Cycle Low, Analyst Says appeared first on Cryptonews. …
Silver Plunges Record 36% as Precious Metals Suffer Historic Collapse – Bitcoin About to Rally?
Precious metals experienced catastrophic losses as silver recorded its largest intraday drop in history at 36% and gold plunged over 12%, wiping out $15 trillion in market value following Trump’s nomination of Kevin Warsh as Federal Reserve chair, while Bitcoin fell to a nine-month low of $82,000 amid accelerating ETF outflows.
The post Silver Plunges Record 36% as Precious Metals Suffer Historic Collapse – Bitcoin About to Rally? appeared first on Cryptonews. …
US Court Sentences Chinese National to Nearly 4 Years for $37M Crypto Fraud
A Chinese national received a 46-month federal prison sentence for laundering $36.9 million stolen from American victims through romance scams and fake cryptocurrency trading platforms, with stolen funds routed through Bahamas banks before conversion to Tether and distribution to Cambodia-based scam centers.
The post US Court Sentences Chinese National to Nearly 4 Years for $37M Crypto Fraud appeared first on Cryptonews. …
JPMorgan’s Dimon Tells Coinbase’s Armstrong to Stop “Lying” About Crypto Bill
JPMorgan CEO Jamie Dimon confronted Coinbase’s Brian Armstrong at Davos over claims banks are undermining a US crypto bill.
The post JPMorgan’s Dimon Tells Coinbase’s Armstrong to Stop “Lying” About Crypto Bill appeared first on Cryptonews. …
Ethereum Price Prediction: Bitcoin Bleeds, But $28M Just Flooded Into ETH – Is This the Start of the Flippening?
ETH ETFs have been witnessing stronger inflows than BTC ETFs in recent days, making for a very bullish Ethereum price prediction.
The post Ethereum Price Prediction: Bitcoin Bleeds, But $28M Just Flooded Into ETH – Is This the Start of the Flippening? appeared first on Cryptonews. …
KuCoin’s New European Chapter Begins: KuCoin EU Secures MiCAR Compliance, Celebrates With a Ball in Vienna
After years of speculation as to whether major crypto exchange KuCoin would be made available to EU users, the wait is finally over. KuCoin is officially MiCAR-compliant.
The post KuCoin’s New European Chapter Begins: KuCoin EU Secures MiCAR Compliance, Celebrates With a Ball in Vienna appeared first on Cryptonews. …
CosinPaid and SoftSwiss – Fueling Global Fraud and Money Laundering
Reports indicate that the partnership between CosinPaid and SoftSwiss was a carefully crafted scheme to bypass financial regulations and create a secure passageway for dirty money