Crypto News
Nexo to Return to U.S. After 2022 Exit, Citing Renewed Crypto Optimism Under Trump
Crypto lender Nexo said it is reentering the U.S., marking a comeback two years after regulatory friction forced its exit."America is back and so is Nexo," Co-founder Antoni Trenchev said at a press event Sunday in Bulgaria with Donald Trump Jr., crediting what he described as a more favorable environment for innovation under the Trump presidency."Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled. A place where pioneers are celebrated," Trenchev said, according to a press release.Now managing $11 billion in assets, Nexo said it will offer its full suite of services to U.S. retail and institutional clients, including...
Monero Jumps 51% After ‘Suspicious Transfer’ of $333M in Bitcoin
Monero’s XMR token spiked on Monday, with investigators suspecting the network was used to launder $333 million worth of stolen Bitcoin.Source link
Monero Price Rises 50% Amid Alleged Money Laundering Activities
The price of Monero, a privacy-focused cryptocurrency, has risen by over 50% overnight on several exchanges, leaving crypto enthusiasts in search of an answer to this sudden increase. Onchain sleuth ZachXBT alleged that this move had been caused by the swap of a high amount of bitcoin to XMR, propping up the price gains. InSource link
Bitcoin Turns Positive Year-to-Date as It Veers Toward Digital Gold Narrative
Bitcoin (BTC) returned to positive territory for the year for the first time in almost two months, approaching $95,000 and erasing a drop of as much as 18%.Its current performance, up less 1.5% since Dec. 31, places it between gold, which has gained 24% and the Nasdaq 100, which is down over 7%. As a result, the narrative positioning bitcoin as either a leveraged tech stock or digital gold is leaning slightly toward the digital gold narrative. But only just.Analyzing bitcoin’s correlation coefficients over a 30-day moving average, the largest cryptocurrency by market capitalization now shows a strong correlation of 0.70 with gold and a weaker 0.53 correlation with the Nasdaq 100. This suggests bitcoin is aligning more closely with...
Democratic Senators Demand Ethics Probe Over Trump Meme Coin Dinner
Warren and Schiff cite "pay to play" concerns after the Trump token surged following the promise of an exclusive dinner with the President.Source link