UK firm buys 0M Bitcoin as analysts eye quiet Easter weekend

UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

Crypto firms and whales continue accumulating Bitcoin, as analysts predict a steady weekend for crypto valuations without White House announcements. Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions. London-based investment firm…

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Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

The Bank for International Settlements warns that crypto and stablecoins may destabilize finance and widen inequality, urging stronger regulation in response. The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS). In an April 15 report, the BIS warned that…

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Base creator admits sharing ‘Base is for pimping’ art was a mistake

Base creator admits sharing ‘Base is for pimping’ art was a mistake

The controversial digital art drew criticism from crypto commentators, who argued it “hurts crypto” and dismissed it as neither “provocative” nor “edgy” as intended. The creator of Ethereum layer 2 blockchain Base, Jesse Pollak, has apologized following backlash over posting digital artwork that controversially played on Base’s tagline, “Base is for everyone.” Several social media…

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Analysts brace for Bitcoin slide on gloomy US manufacturing data

Analysts brace for Bitcoin slide on gloomy US manufacturing data

The Federal Reserve’s monthly manufacturing survey showed the sharpest decline in activity since 2020. Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of…

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