Crypto News
Beware the Bitcoin Yield and BTCfi Larps: A Veteran’s Cautionary Tale
Having spent over a decade immersed in the cryptocurrency space, I’ve seen countless projects make grand promises—many touting revolutionary returns and cutting-edge decentralized technology. Today, however, a trend has emerged where “Bitcoin DeFi” or “BTCfi” projects present themselves as decentralized marvels using slick dApps, crypto lingo, and smart contracts. Yet behind the scenes, centralized actorsSource link
Australia’s Financial Watchdog Takes Action Against 13 Crypto Firms
AUSTRAC’s crackdown comes after a year-long investigation into compliance failures at Australian crypto exchanges.Source link
Javier Milei Denies Responsibility in Libra Debacle: ‘If You Go to the Casino and Lose Money,...
Argentine President Javier Milei denied any wrongdoing regarding his involvement in Libra, a cryptocurrency he shared on social media, the price of which tanked hours later. Milei stated that he didn’t endorse Libra and compared this investment to going to the casino. Milei Refers to Investing in Libra as Going to the Casino Argentine PresidentSource link
LIBRA Apparent Rug Pull Is Latest ‘Sordid Episode’ Emerging From Solana’s Memecoin Complex: Galaxy
The apparent LIBRA token rug pull is the the latest incident to negatively affect the Solana memecoin ecosystem, Galaxy Research said in a report on Monday.The narrative had already began to sour following the TRUMP token's introduction in January and the ensuing "liquidity suck" that it caused. LIBRA could lead to more damage to the memecoin complex, the report said. This could reduce the need for investors to hold Solana's sol (SOL), Galaxy said, noting that sol's rise has been driven mainly by demand for SOL-denominated assets such as memecoins.Galaxy noted that the cryptocurrency has plummeted in U.S. dollar terms and versus rival ether (ETH), since the launch of LIBRA. Solana was trading 8.6% lower over 24 hours at $168.73...
Report: Trump Administration Pressures Romania to Lift Travel Restrictions on Controversial Influencers Andrew and Tristan Tate
US President Donald Trump’s administration has reportedly pressured Romanian authorities to lift travel restrictions on controversial influencer and memecoin promoter Andrew Tate, along with his brother Tristan, who face serious allegations in Romania. Currently under judicial control, the Tates can travel within Romania under specific legal conditions, while both brothers deny any wrongdoing. The FinancialSource link