BitMEX co-founder Arthur Hayes has dismissed the idea of a U.S. Bitcoin reserve, calling it a politically driven and impractical concept. In his February 5 essay called “The Genie,” Hayes argued that government stockpiling of the cryptocurrency would serve political interests rather than financial stability. Bitcoin Reserve Would Be a Political Tool “What can be…

“Feels like a great time to enter BTC!” exclaimed Eric Trump on X on Jan. 6. The post followed a similar one on Feb. 3 when he said it was a “great time to add ETH,” resulting in a double-digit recovery for the asset. However, there was little reaction on spot markets for BTC, which remains…

Union groups have taken legal action against the United States Treasury, accusing it of unlawfully granting Elon Musk’s Department of Government Efficiency (D.O.G.E) access to sensitive financial and personal information. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the nation’s largest union organization, filed a lawsuit in a Washington, DC, federal court…

Tether’s CEO, Paolo Ardoino, has unveiled plans for the company’s upcoming artificial intelligence (AI) platform. The stablecoin issuer is targeting a launch by the end of March 2025. Tether’s AI Push The latest initiative – known as Tether Data – will introduce applications such as AI Translate, AI Voice Assistant, and an AI Bitcoin Wallet…

Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to obtain the final report on the agency’s decision-making regarding crypto-related issues. The SEC Office of Inspector General (SEC OIG) completed the report over a year ago, but the agency has not yet disclosed it or provided the related documents despite…

Arbitrum, a layer-2 scaling solution for Ethereum, recently unveiled the integration of its flagship Arbitrum One into Bitcoin. The merger became possible thanks to BitcoinOS (BOS) – a scalable smart contract operating system designed to enhance Bitcoin’s functionality by enabling developers to build interoperable rollups, dApps, and DAOs directly on the Bitcoin network. The Breakthrough Integration…

TL;DR Ethereum’s price struggles below $2,800, with some analysts warning of a potential drop to $1,200 if key support fails. Others, including Michael van de Poppe, remain optimistic, citing Trump-linked investments as a bullish indicator. ETH Bulls to Suffer More Pain? Ethereum (ETH) – the second-largest cryptocurrency in terms of market capitalization – is among…

On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own…

The Thailand Securities and Exchange Commission (SEC) is preparing to implement a DLT-based debt instrument trading system. The main objective is to encourage securities firms to engage in digital token trading. According to Jomkwan Kongsakul, who happens to be the deputy secretary-general of the SEC, the regulator has already approved four digital token projects and…

Some crypto traders can’t stop talking about Best Wallet. The project has just passed the $9 million presale milestone, and it’s easy to see why. With a user-friendly design, advanced features, and high staking rewards, many see Best Wallet (BEST) as the next evolution of crypto trading. Best Wallet Simplifies Crypto Management with User-Friendly Mobile…