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The bill has yet to pass in the US Senate but comes as Bitcoin miners are increasingly foraying into servicing AI models. Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report. …
Developing bull market signals could continue to boost Bitcoin prices despite the tense atmosphere of the US trade war. Bitcoin (BTC) sought higher levels around the April 11 Wall Street open as the week’s final US inflation data gave bulls hope. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions. A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services. Assembly Bill…
The MP proposed a “budget-neutral” Bitcoin reserve to the finance minister, inspired by US President Donald Trump’s March 7 executive order. A member of Sweden’s parliament has proposed adding Bitcoin to the country’s national foreign exchange reserves, suggesting increased openness to cryptocurrency adoption in Europe following recent moves by the United States. Swedish MP Rickard…
The Bitcoin network is especially vulnerable to geopolitical tensions because of its physical hardware requirements, crypto executives said. Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users’ access, crypto executives told Cointelegraph. On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but…
Rising outflows from the spot Bitcoin ETFs reflect investors’ worry that higher inflation could follow the recently implemented US tariffs on multiple countries. Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million,…
United States regulators approved Ether ETF options but asset managers are still waiting on clearance for staking. Ether exchange-traded funds (ETFs) in the United States may be able to start staking a portion of their tokens as soon as May, according to Bloomberg Intelligence analyst James Seyffart. On April 9, the US Securities and Exchange…
Trump’s tariff escalations will “test the resilience of every asset class,” which may lead to a renewed appetite for safe-haven assets. Escalating trade tensions and renewed uncertainty in global markets are driving investors toward alternative assets, including Bitcoin and tokenized real-world assets (RWAs), as concerns mount over the long-term stability of the financial system. Global…
Bitcoin may punish bulls if China ups the stakes in the ongoing trade war with the US, QCP Capital warns as markets await a response to tariff hikes. Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns. In its latest bulletin to Telegram…
Faster adoption could be the “silver lining” of recent market volatility for crypto, industry executives said. Mounting international trade tensions are rattling cryptocurrency markets — but they could also accelerate institutional crypto adoption, several industry executives told Cointelegraph. Since US President Donald Trump announced sweeping tariffs on US imports on April 2, core cryptocurrencies experienced…