Crypto News
Trump Orders Creation of Sovereign Wealth Fund
U.S. President Donald Trump signed an executive order Monday afternoon charging the Treasury and Commerce Departments with creating a sovereign wealth fund.While Treasury Secretary Scott Bessent has expressed at least cautious interest in crypto, Commerce Secretary nominee Howard Lutnick has been a loud champion for the sector. His bond trading powerhouse Cantor Fitzgerald is the custodian for stablecoin giant Tether's massive holdings of government paper, and Lutnick himself has talked about his own personal massive exposure to bitcoin (BTC).Appearing alongside Trump in the Oval Office Monday, Bessent said he expected the sovereign wealth fund to be created in the next 12 months. While bitcoin reportedly was not mentioned at the signing, a sovereign wealth fund could potentially be a vehicle...
How Long Will Trump Tariffs Rattle Bitcoin and Stocks?
Sustained tariffs may delay rate cuts, but a quick resolution could make for a “solid” entry point, one analyst said.Source link
Bitcoin Difficulty Set to Skyrocket as Hashrate Hits ‘Insane’ All-Time High of 840 EH/s
While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb. 2, its computational muscle flexed to an unprecedented apex. Bitcoin’s Hashrate Taps an All-Time High Data from hashrateindex.com reveals bitcoin’s hashrate soared to a historic zenith of 840 exahash per second (EH/s), maintaining a formidable 837.25 EH/s as of noon ET onSource link
Thorchain Introduces TCY Token to Address $200 Million Debt Crisis
Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities.Source link
Wyoming’s Future as a Blockchain Leader Hangs in the Balance Without Fair Procurement Processes
Over the past few years, Wyoming, a landlocked state in the U.S. Mountain West, has embarked on a journey to become a blockchain pioneer.With a bold vision of creating an attractive cryptocurrency and blockchain ecosystem, the state's crypto-friendly laws have positioned Wyoming as the most welcoming state in the U.S. for blockchain companies and innovators. With the pro-crypto stance of the Trump administration, the state has solidified its status as a model for how jurisdictions can build their economies.Wyoming's aim to be a beacon of crypto innovation is one reason I chose to make it my home. My family lives in Gillette, and Wyoming has become the center of my work life. I love this place, from my thriving bison...