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April 11, 2025

Democrats slam DOJ’s ‘grave mistake’ in disbanding crypto crime unit

April 11, 20250
Crypto-critical US Senator Elizabeth Warren has led six Senate Democrats in urging the Department of Justice to reverse its decision to terminate its crypto investigations and prosecutions division.In an April 10 letter to Deputy Attorney General Todd Blanche, the Senators said the decision to disband the department’s National Cryptocurrency Enforcement Team was a “grave mistake”...

Bitcoiners’ ‘bullish impulse’ on recession may be premature: 10x Research

April 11, 20250
It may be too early for Bitcoiners to start getting bullish over the longer-term impacts of a potential recession on Bitcoin’s price, says 10x Research head of research Markus Thielen.Thielen said in an April 11 markets report that credit spreads continue to widen, indicating that “recessionary concerns may be seeping deeper into the economy.”“Expecting a...

Feds, SEC charge app maker with fraud, saying ‘AI’ service was Philippine workers

April 11, 20250
US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines.Albert Saniger of Barcelona, Spain, founder and former CEO of the company Nate, was charged with one count of securities fraud and wire fraud, the Justice Department said in an...

US crypto miners may rush to buy rigs in tariff pause despite ‘clear disadvantage’

April 11, 20250
US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say.President Donald Trump paused his administration’s hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on...

Bitcoin may hit a wall at $84K if bullish conditions don’t pick up: CryptoQuant

April 11, 20250
Bitcoin could hover in the low $80,000s in the near term if it fails to break through its next resistance level, CryptoQuant says, while other analysts predict the cryptocurrency will hit a fresh all-time high within the next two months.CryptoQuant analysts said in an April 10 markets report that if Bitcoin (BTC) “continues to rally,”...

NY attorney general urges Congress to keep pensions crypto-free — ‘No intrinsic value’

April 11, 20250
New York Attorney General Letitia James has sent a letter to US congressional leaders urging “common sense” federal crypto regulations and to keep digital assets out of US pensions.“I am urging Congress to pass legislation that would strengthen federal regulations on the cryptocurrency industry to protect investors, strengthen financial markets, and stop fraud,” James said...

Crypto gaming has mixed Q1 as deals jump, investment totals dip: DappRadar

April 11, 20250
Blockchain gaming for the first quarter of 2025 has been a “mixed bag,” seeing a greater number of deals while the amount invested significantly dipped, says blockchain analytics platform DappRadar.Web3 gaming projects raised $91 million in Q1 2025, marking a 71% decrease from the fourth quarter of 2024 and a 68% drop compared to the...

Bitcoin reserve bills advance in New Hampshire, Florida

April 11, 20250
New Hampshire’s House and Florida’s House insurance and banking committee have respectively advanced bills allowing their states to create Bitcoin reserves.New Hampshire’s House passed its Bitcoin reserve bill, HB302, in a 192-179 vote on April 10 which will now head to the Senate. The state is now the fourth to pass a Bitcoin (BTC) reserve...

Fartcoin rallies 104% in a week — Will Solana (SOL) price catch up?

April 11, 20250
Solana-based memecoin Fartcoin (FARTCOIN) has outperformed the broader crypto market so far in April, rising over 104% versus SOL being down 2% for the week. As of April 10, it was trading for as high as $0.87.FARTCOIN/USD vs. TOTAL crypto market cap 30-day performance. Source: TradingViewThe cryptocurrency’s outperformance appears despite US President Donald Trump’s seesaw...

SEC staff gives guidance on how securities laws could apply to crypto

April 11, 20250
US Securities and Exchange Commission staff have given guidance on how federal securities laws could apply to crypto, saying companies issuing or dealing with tokens that could be securities should give better details about their business.The SEC’s Division of Corporation Finance said in a staff statement on April 10 that it was giving its views...
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