Crypto News

Recent price movements, which have seen the top cryptocurrency drop despite tangible positive market action amid the current geopolitical headwinds, have given rise to allegations regarding the presence of paper bitcoin in the market. Paper Bitcoin Allegations Surge Again as Price Falls The concept of paper bitcoin, which encompasses the existence of bitcoin held bySource link

The calm in the oil market following the U.S. airstrike on Iran's nuclear sites has dashed the forecasts of bears who predicted a slide in the price of bitcoin BTC. With this in mind, traders can look to the week's major events that could affect markets.Federal Reserve Chairman Jerome Powell's semi-annual monetary policy testimony to Congress is likely to be the main event.Powell will probably be grilled by Republican party members for not cutting interest rates and "costing the country hundreds of billions of dollars," as President Donald Trump has repeatedly said in his Truth Social posts. Powell, however, is expected to reiterate the Fed's independence and the data-dependent path forward for rates.Traders will closely watch Powell's take on the...

Germany and Italy are facing increasing pressure to relocate their gold reserves from the New York Federal Reserve due to rising geopolitical tensions and concerns over U.S. monetary policy under President Donald Trump. With Germany and Italy holding the second and third largest national gold reserves globally, valued at over $245 billion combined, former politiciansSource link

Ever since President Donald Trump's administration signaled favorable crypto regulations, banks, financial institutions and big fintech firms have been looking to bring funds on-chain, and seamlessly offer compliant access to decentralized finance (DeFi), according to blockchain development firm Alchemy.DeFi, traditionally a way for anonymous users to engage in a complex system of automated lending and borrowing of assets, can bring to a whole new audience of users to conventional finance (TradFi), with the possibility of compliance guardrails in place and abstracting away the headache of dealing in smart contracts.The common pattern is best described as growing a “DeFi mullet,” according to Alchemy, a picks and shovels provider for blockchain builders that has been described as the “AWS of crypto,” a...

The Solana Foundation has achieved a milestone by signing a Memorandum of Understanding with the Government of Kazakhstan, marking the first partnership of its kind in Central Asia. The initiative aims to establish a blockchain hub in the country, leveraging Web3 technologies and attracting top talent. Solana Foundation Signs MOU With Kazakhstan, Launches Economic ZoneSource link