Crypto News

President Donald Trump remarked on the effects of the newly established reciprocal tariff scheme, including lower prices across the board and reduced inflation. He also stated that the U.S. would respond with stiffer tariffs if China continued to retaliate. Trade War Escalates as Trump Celebrates Price Drops, Floats Higher Tariff Regime Against China The globalSource link

The Securities and Futures Commission (SFC) of Hong Kong has issued new regulatory guidance for licensed virtual asset trading platforms (VATPs) and SFC-authorized virtual asset funds (VA Funds) regarding the provision and engagement in staking services. Recognizing the potential benefits of staking for enhancing blockchain security and allowing investors to earn yields, the SFC’s guidanceSource link

Monday’s trading session will go down as one of the most volatile since the COVID crash in March 2020, with global markets caught in the crossfire as the U.S. and China face off over tariffs and neither superpower shows any impulse to back down. As equity markets teetered, the volatility spilled into every asset class. Bitcoin (BTC), for example, swung as much as 10% intraday. The real focus, however, is on the U.S. 10-year Treasury yield. That's the so-called risk-free interest rate, which the Trump administration said it wants to lower as it looks to refinance trillions in national debt.The yield dropped to 3.9% from 4.8% late last week after President Donald Trump bolstered trade tensions with sweeping import tariffs,...

Crypto exchange WazirX has bagged over 93% approval votes from creditors for its proposed Scheme of Arrangement, bringing victims of its $230 million July hack closer to a partial asset recovery.The voting process, conducted on the Kroll Issuer Services platform from March 19 to March 28, involved over 141,000 creditors representing $195.65 million in approved claims.Of those, 131,659 creditors, holding $184.99 million, voted in favor, equating to 93.1% by count and 94.6% by value. This exceeded the requirements of Singapore’s Companies Act, where parent Zettai is based, which mandated a majority by count and 75% by value for approval.If the scheme was not approved, the process would have shifted towards liquidation under Singapore's Companies Act, likely resulting in lower asset...

Palihapitiya believes that Trump is allowing time for tariffs to settle down, enabling other countries to feel the effects of these measures on global trade volumes. After this, Trump would negotiate a global agreement to establish a Bretton Woods 2.0 system. Venture Capitalist Chamath Palihapitiya Trusts Trade War Will End With a Bretton Woods 2.0Source link