David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million
ISLAMABAD: The Pakistan Crypto Council (PCC) has officially been launched, marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape. The council is set to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking approach to crypto adoption
A cryptocurrency ATM is sandwiched between a cash ATM and a live bait kiosk at a gas station in Woodbury as seen in March 2023. While Stillwater is considering banning cryptocurrency ATMs, officials in Woodbury and Forest Lake are considering ordinances that would require the registration of the business that hosts the ATMs. (John Autey
The odds of a recession are rising, markets are crashing and President Donald Trump is forging ahead with tariffs. This volatile playbook is eerily similar to Trump’s first term, which started with a bang before giving way to one of the biggest bull markets in recent history. However, this time, Trump seems to have dropped
President Trump establishes Bitcoin Reserve — here’s what it means President Trump signed an executive order establishing a reserve of bitcoin the government already owns. President Donald Trump signed an executive order Thursday establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, continuing his administration’s embrace of the cryptocurrency industry. The announcement came on the
On March 7, the OCC issued Interpretive Letter 1183 and an accompanying statement affirming prior guidance regarding whether national banks and federal savings associations may engage in cryptocurrency-related activities, including (i) providing custody services for depositors’ crypto assets, (ii) holding stablecoin “reserves,” (iii) facilitating stablecoin payments, and (iv) performing payment verification activities on blockchain networks. Importantly, the letter also
The new year started off with considerable fanfare for the cryptocurrency market. Under President Donald Trump’s crypto plan, America was going to become “the crypto capital of the world.” That meant deregulating the crypto market, promoting innovative uses for blockchain technology within the financial markets, and becoming a Bitcoin (CRYPTO: BTC) superpower. Those promises mostly
Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade(AP) While Russia has publicly encouraged the use
Key Takeaways Historical patterns show crypto cycle peak is not yet here. Stablecoins increasingly serve as a bridge between fiat currencies and crypto markets, comprising the majority of crypto trading pairs. Share this article The total supply of stablecoin has reached $219 billion and continues to climb, suggesting the crypto bull run is still far
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. — Reuters LONDON/ISLAMABAD: The federal government has officially launched Pakistan Crypto Council (PCC) in a bid to accelerate digital transformation, according to a notification issued by the Finance Division. A notification issued by the