Crypto News

As the sun dips below the horizon, let's dive into today's whirlwind of crypto news, painting a picture of a rapidly evolving digital landscape. The Crypto Council for Innovation, home to over 30 notable crypto firms, was busy ringing the SEC's bell today, urging for much-needed clarity on crypto staking. They argued that staking plays a pivotal role in network security rather than being just a securities transaction. This clarity is seen as vital for boosting blockchain security and enhancing U.S. competitiveness on the global stage. On a separate note, Galaxy Digital is making waves with plans to migrate from the Toronto Stock Exchange to the Nasdaq by mid-May. Led by the crypto giant Mike Novogratz, Galaxy's potential debut under the ticker GLXY couldn't come at a more opportune time as the crypto market shows signs of revival. Stateside, North Carolina is making bold moves by approving the Strategic Bitcoin Reserve bill, allowing up to 5% of public funds to ...

As the day draws to a close, the crypto landscape remains ever-dynamic, with significant developments that continue to shape the future of digital assets. The Bank of Italy has issued a stern warning about the potential global financial instability that could arise from the entwining of cryptocurrencies like Bitcoin and stablecoins with traditional financial systems. This cautionary stance is particularly emphasized against the backdrop of the Trump administration’s open support for crypto, underscoring concerns over volatile economic integration. Bitcoin (BTC) finds itself at a pivotal point as it tests the upper limits of resistance around the $96,000 mark. Despite slowed momentum, the uptick in active addresses and a growing supply in profit indicate potential bullish phases ahead, keeping market participants hopeful for continued positive trends. Security remains paramount as scammers exploit Ledger wallet vulnerabilities, employing deceptive physical mail requests to obtain user...