Crypto News
Trump Helps Cool Canadian Inflation as Election Day Looms
The country reported lower-than-expected consumer price index (CPI) numbers in March, but the reason may be a bit surprising. Trump’s Policies Dent Canadian Inflation Ahead of Election President Donald Trump is perhaps public enemy number one in Canada. His rhetoric about an annexation of the country in order to turn it into the “51st state”Source link
Bitcoin and U.S. Equities Show Early Signs of Fading Correlation
Wednesday’s price action between bitcoin (BTC) and U.S. equities caught investors’ attention highlighting early signs of a fading correlation between the two. In a typical diversified portfolio, assets are expected to show little to no correlation. For example, gold has continued to hit all-time highs, setting 12 new daily records this year, demonstrating a clear dislocation from U.S. equities.While bitcoin has often been labeled a leveraged play on the Nasdaq 100, recent trend suggest that relationship may be weakening.Take BlackRock’s iShares Bitcoin Trust (IBIT), which trades only during regular U.S. market hours. On Wednesday, it closed up 0.46%, even as the Nasdaq 100 plunged more than 3% , down as much as 4.5% at one point, which would’ve marked its...
Pump.Fun Co-Founder Says No Plan to Launch Token, Speaks Out Against Base-Promoted Meme Coin
After a Base-promoted memecoin 90% crashed, Pump.fun seized an opportunity to tell its community: no stealth coins, no hype-fueled drops.Source link
DWF Labs Unveils $25M Investment in Trump-Backed Liberty Financial and Plans for USD1 Stablecoin Liquidity
Dubai-based DWF Labs has announced a strategic expansion into the United States with the opening of a new office in New York City, alongside a $25 million purchase of World Liberty Financial (WLFI) governance tokens. The investment in WLFI, a decentralized finance protocol backed by President Trump, highlights DWF Labs’ commitment to participating in governance.Source link
Quantum Computing Group Offers 1 BTC to Whoever Breaks Bitcoin’s Cryptographic Key
Project Eleven, a quantum computing research and advocacy firm, has launched the Q-Day Prize, a global competition offering 1 bitcoin (BTC) to the first team able to break an elliptic curve cryptographic (ECC) key, the cryptography which secures the Bitcoin network, using Shor’s algorithm on a quantum computer.Shor's algorithm is a quantum computing method that efficiently factors large numbers into their prime components, theoretically allowing quantum computers to break cryptographic algorithms like RSA and elliptic-curve cryptography used in Bitcoin and other blockchain networks.The contest comes as quantum computing advancements mean that a workable quantum computer might only be years away. Project Elevent has also identified more than 10 million bitcoin addresses with non-zero balances potentially at risk of quantum attacks.The...