Crypto News

The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence on the dollar. Russia Is Testing Digital Gold-Based InternationalSource link

Major tokens XRP, dogecoin (DOGE) and Cardano (ADA) plummeted as much as 9% in the past 24 hours after President Donald Trump dashed hopes of a diversified U.S. strategic crypto reserve.Late Thursday, Trump directed his administration to establish a Bitcoin Strategic Reserve to hold bitcoin (BTC) previously seized by the government with an additional “crypto stockpile” of other assets. Assets for the non-bitcoin stockpile will be any crypto that the government otherwise seizes.That reversed days of bullish momentum fueled by Trump’s earlier comments at including tokens XRP, ADA, ether (ETH) and Solana’s SOL — dousing hopes of buying pressure on all these assets using taxpayer money.DOGE spiked as much as 12% earlier in the week as asset manager Bitwise filed...

Nasdaq-listed Bionexus Gene Lab Corp (BGLC) has approved a treasury strategy centered on ethereum. Wyoming Blockchain Laws Hailed Bionexus Gene Lab Corp (BGLC), a technology and healthcare-focused company incorporated in Wyoming, announced on March 6 that its board of directors has approved an ethereum-focused treasury strategy. This move makes the Nasdaq-listed company the first toSource link

Federal authorities move to return $8.2 million in seized cryptocurrency to victims of a widespread crypto fraud scheme that tricked investors through deceptive messages and fake platforms. FBI Seized $8.2M in Crypto—Now They’re Taking Action to Reimburse Victims Federal authorities are working to return over $8.2 million in seized cryptocurrency to victims of an investmentSource link

U.S. President Donald Trump signed an executive order Thursday to establish a strategic bitcoin(BTC) reserve that includes BTC seized by the U.S. government through law enforcement actions.White House crypto and AI czar David Sacks said on X that the stockpile will also include other coins forfeited in criminal or civil proceedings while stressing that no taxpayer money will spent on acquiring BTC or other coins.According to Arkham Intelligence, the U.S. government currently holds 198,000 bitcoins worth about $17.3 billion. Treating the same as reserve essentially takes out over $17 billion in selling pressure from the market.Still, bitcoin extended losses, hitting lows near $84,700, reflecting investor disappointment over the lack of new BTC purchases for the U.S. government. Prices, however, have...