Crypto News
Economist Torches UK’s Digital Pound: ‘Ill-Fated Venture’ Doomed to Fail
Economist Neil Record has criticized the UK’s digital pound initiative, calling it an “ill-fated venture” due to a lack of customer demand. Cash Use Decline British businessman and economist Neil Record has described the United Kingdom’s digital pound initiative as an “ill-fated venture” due to a lack of customer demand. Record argues that the digitalSource link
CMU OmniClear and HKEX Forge Partnership to Boost Hong Kong’s Financial Market Infrastructure
CMU OmniClear and HKEX sign an MOU to enhance post-trade securities infrastructure in Hong Kong, focusing on cross-asset efficiencies and RMB internationalization. (Read More)Source link
Astar Contribution Score (ACS) Allocation: Supporting Innovation in DeFi and Gaming
The Astar Contribution Score (ACS) campaign incentivizes innovation across DeFi and gaming by allocating rewards to projects fostering adoption and engagement within the Astar ecosystem. (Read More)Source link
Schiff Demands Investigation Into Trump’s Crypto Reserve ‘Announcement,’ Citing Insider Trading Concerns
Bitcoin critic Peter Schiff is calling for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claims were part of a “pump and dump scheme.” Pump and Dump Scheme Economist Peter Schiff has called for a Congressional investigation into U.S. President Donald Trump’s two Truth Social posts, which he claimsSource link
Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K
Tom Lee, CIO of Fundstrat, recently spoke with CNBC, suggesting that the broader market may be nearing a bottom, potentially as soon as this week. Lee's outlook comes amid economic uncertainty as President Trump navigates his first 100 days in office. Several factors are contributing to market volatility, including the Department of Government Expenditure (DOGE) program, which imposes austerity measures that reduce public spending, and the tariff policies creating further uncertainty for businesses and investors.Bitcoin (BTC) has experienced yet another reversal in price, filling in Friday's CME gap and currently sitting at $83,000—down over 10% this year. Meanwhile, the Nasdaq 100 has also dropped nearly 10%, with another similar decline would trigger a bear market. Lee points to Friday’s upcoming...