Crypto News
EU Central Bank Commits to Distributed Ledger Technology Settlement Work
The European Central Bank (ECB) Governing Council has approved research efforts that will use central bank money to settle distributed ledger technology (DLT) transactions, as the body looks to make its payment systems more efficient.One short term approach is called "Pontes" which will link DLT platforms with Eurosystem TARGET services that ensure the flow of cash and securities across Europe. A pilot will be launched by the third quarter of 2026. A more long term solution called "Appia" will facilitate global operations and analyze DLT-based solutions, the post said on Tuesday. "The decision is in line with the Eurosystem’s commitment to supporting innovation without compromising on safety and efficiency in financial market infrastructures," the release said. The ECB has been...
Trump-Backed American Bitcoin Raises $220 Million to Buy BTC and Mining Gear
American Bitcoin, a crypto venture backed by Eric Trump, has raised $220 million from private investors to purchase bitcoin and mining equipment, with plans to go public via a merger with Gryphon Digital Mining. Crypto Firm American Bitcoin Goes Big With New Raise Amid Plans for Public Listing A crypto venture connected to the TrumpSource link
Cloudflare Hits the Kill Switch on AI Crawlers—And an Entire Industry Cheers
The world’s largest internet security provider just defaulted to blocking AI crawlers—and lets publishers set a price for scraping.Source link
Why Is Ether Struggling Near $2,400 Even as More Firms Add ETH to Their Treasuries?
The Ether (ETH) price came under renewed pressure on July 1, falling to $2,418.39 after a day of steady losses, according to CoinDesk Research's technical analysis model. Ether's price drop came amid a broader crypto market selloff. CoinGecko data shows total market capitalization declined 4.1% over the past 24 hours, driven largely by renewed political volatility in the U.S.The downturn follows a high-profile dispute between Elon Musk and Donald Trump over the former president’s sweeping tax-and-spending plan, dubbed the “One Big Beautiful Bill.” Musk called the legislation “utterly insane,” warning it would deepen the national debt by $5 trillion, reverse clean energy incentives, and harm employment. He also threatened to campaign against Republican senators who support it.Trump responded by lashing...
Fed Chair Powell Says Trump Policies to Blame for Lack of Rate Cuts
Powell said Tuesday that if not for President Trump's aggressive tariff policies, the Fed would have likely already cut interest rates in 2025.Source link