Crypto News

Bitcoin tumbled to $83,544 on Friday, a low catalyzed by upheavals in financial markets amid Trump’s proposed tariffs on pharmaceutical companies. Concurrently, March’s consumer sentiment data illuminated the loftiest projections for long-term inflation in over three decades. Wall Street Wipeout Hits Bitcoin: Crypto Economy Tumbles 4.14% as Global Markets Recoil from Trump’s Tariff Blitz CryptocurrencySource link

Strategy founder Michael Saylor declared that bitcoin will absorb up to $500 trillion in global capital by displacing gold, real estate, and other traditional stores of value (SoV) in a sweeping digital transformation of wealth. Bitcoin’s $500 Trillion Future Lies in Replacing ‘20th-Century Assets,’ Saylor Argues Saylor, a vocal bitcoin ( BTC) advocate, outlined anSource link

Arthur Hayes, the former CEO of crypto exchange BitMEX, has been granted a pardon by U.S. President Donald Trump, according to a Friday report from CNBC.Trump reportedly also pardoned Hayes’ co-founders at BitMEX, Samuel Reed and Benjamin Delo.In 2020, the U.S. Department of Justice (DOJ) brought charges against BitMEX, its three co-founders, and its first employee, Gregory Dwyer, accusing them of violating the Bank Secrecy Act (BSA). Prosecutors alleged BitMEX advertised itself as a place where customers could use its platform virtually anonymously, without providing basic know-your-customer (KYC) information. All four individuals eventually pleaded guilty and were sentenced to fines and probationary sentences. The exchange itself pleaded guilty to violating the BSA last year.Hayes faced two years of probation; Delo...

The state regulator ordered the companies on Thursday to shutter their sports-related services for New Jersey residents and void locals’ existing bets. Source link

BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed have been pardoned by President Trump, according to a report.Source link