Cryptocurrency Updates

“Volatility is a gift to the faithful. It scares away the tourist.”

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Michael Saylor, a prominent Bitcoin advocate and executive chairman of Strategy (formerly MicroStrategy), views market volatility as an opportunity for committed investors, as reflected in his quote, “Volatility is a gift to the faithful. It scares away the tourist,” shared in the X post by Vivek4real_ on April 16, 2025. Saylor’s perspective aligns with his […]

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6 SENATORS ARE CALLING FOR AMERICA TO PASS THE BITCOIN ACT TO BUY 1 MILLION BTC

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There is a push by six U.S. Senators to pass the BITCOIN Act, which would mandate the U.S. government to buy 1 million Bitcoin, worth roughly $80 billion as of March 2025, to create a strategic reserve, building on a recent executive order by President Trump to integrate digital assets into national financial strategy. Senator

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BINANCE ADVISING MULTIPLE COUNTRIES ON BUILDING STRATEGIC BITCOIN RESERVES

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This highlights Binance’s role in advising multiple countries on building strategic Bitcoin reserves, as reported by the Financial Times on April 17, 2025, signaling a growing trend of nation-states adopting cryptocurrency as a financial asset. This development aligns with recent global shifts, such as U.S. President Donald Trump’s executive order to include Bitcoin in the

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Stablecoin transactions surpassed Visa payments for the first time in history

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This highlights a historic shift where stablecoin transactions surpassed Visa payments in 2024, with stablecoins reaching over $10 trillion in volume, as shown in the chart from Bloomberg and Coin Metrics data. Stablecoins, often pegged to fiat currencies like the US dollar, are increasingly used in decentralized finance (DeFi) for arbitrage and liquidity provision, which

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GROCERY STORE GIANT SPAR IS NOW TESTING BITCOIN AND LIGHTNING PAYMENTS IN SWITZERLAND

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SPAR, a global grocery chain with 13,900 stores across 48 countries, is testing Bitcoin and Lightning Network payments in Switzerland, leveraging OpenCryptoPay for seamless transactions, as seen in a Cake Wallet demo where a team member bought a drink with XMR. The Lightning Network enables fast, low-cost Bitcoin transactions, making it ideal for retail; a

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Fed Chair Jerome Powell says crypto is going mainstream, a legal framework for stablecoins is a good idea, and there will be loosening of bank rules on crypto

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Federal Reserve Chair Jerome Powell’s statement on April 16, 2025, marks a shift in U.S. monetary policy, acknowledging cryptocurrency’s mainstream adoption and advocating for a legal framework for stablecoins, which are digital currencies pegged to assets like the U.S. dollar to maintain steady value. Powell’s support for loosening bank regulations on crypto aligns with recent

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$11 TRILLION BLACKROCK TO LAUNCH BITCOIN ETF IN THE UK

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BlackRock, managing $11 trillion in assets, is launching a Bitcoin ETF in the UK, signaling major institutional adoption of cryptocurrency, as seen with their existing iShares Bitcoin Trust (IBIT) in the US, which offers direct Bitcoin exposure without typical regulatory oversight. This move aligns with BlackRock’s 2025 study showing 300 million global crypto users, driven

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Panama City just became the first government institution to go full crypto

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You can now pay taxes, fees, tickets, and permits in BTC, ETH, USDC, and USDT. Panama City’s adoption of cryptocurrencies like BTC, ETH, USDC, and USDT for taxes and fees marks a significant step toward mainstream crypto use, building on Panama’s favorable tax laws and lack of foreign-sourced income tax, as noted in a 2024

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U.S. announces 245% tariff on China

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he U.S. announced a 245% tariff on Chinese imports on April 16, 2025, escalating the ongoing trade war, which targets goods like clothing, solar panels, and electric vehicles, as reported by The New York Times on April 14, 2025, due to China’s alleged underpricing. This tariff, costing 2.5 times the product’s value, aligns with Trump-era

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Binance and KuCoin go down due to AWS data center outage

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Binance and KuCoin, two major cryptocurrency exchanges, experienced a significant outage on April 15, 2025, due to an Amazon Web Services (AWS) data center failure, disrupting trading activities and prompting Binance to suspend withdrawals to protect user funds. This incident echoes past AWS-related disruptions, such as the 2021 outage that affected Binance, KuCoin, and other

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