Crypto News
Brazilian Drex Hits Privacy Roadblock as Support From External Partners Wanes
Local media reports that several companies, including Microsoft and EY, have reduced the number of employees working on drex-related solutions. This reduction is due to the central bank’s lack of support for these initiatives during the second phase of the CBDC pilot. Brazilian CBDC Pilot Drex Affected by Company Withdrawals Following Resource Cutbacks Drex, theSource link
Ripple, SEC File to Suspend Appeals Pending ‘Negotiated Resolution’ of Case
News of the case's pending resolution may be priced in, with the price of XRP holding steady following the agreement-in-principle.Source link
Argentine Congress to Formally Investigate Government Officials’ Involvement With Libra
The lower chamber of the Argentine Congress approved the creation of a commission to formally investigate the involvement of government officials with Libra, the cryptocurrency shared by President Javier Milei. The group will begin its investigative work on April 23. Argentine Congress to Open Libra Probe The lower chamber of the Argentine Congress approved theSource link
Dollar Index Falls to Lowest Level in 3 Years, While BTC Remains Steady
The Dollar index (DXY), which measures the strength of the U.S. dollar against a basket of other currencies, has dropped below the 100 mark for the first time since April 2022. In January, research from CoinDesk noted that the DXY index was mirroring the pattern seen during President Trump’s first term — and it now appears to have done just that. The index has fallen over 10% from its recent high of 110 and is now at its lowest level in three years.Investor sentiment continues to shift away from U.S. assets, putting further downward pressure on the dollar, as trade tensions between the U.S. and China intensify. Just before press time, China announced an increase in tariffs on U.S. goods,...
Altcoin Action in Powertrade’s Options Market Heats Up Driven by XRP, SOL and DOGE
Activity in PowerTrade's options market for alternative cryptocurrencies (altcoins) picked pace this week as heightened market volatility prompted traders to seek derivatives for hedging and speculative opportunities.Trading volume in XRP options has soared to over $5 million this week, with most activity concentrated in short-dated expirations, data shared by PowerTrade shows. Flows have been balanced between put options at strikes ranging from $1.80 to $1.98 and calls at strikes $1.80 to $1.93."This activity suggests traders are positioning for significant short-term price movement—either from regulatory developments or a breakout pattern—with a nearly even balance between bullish and bearish structures," Bernd Sischka, head of institutional sales at PowerTrade, told CoinDesk.The two-way flow is consistent with the volatile market action, characterized by XRP...