Day

April 29, 2025

Bitcoin in 'critical zone' as triple breakout meets $93.5K support battle

April 29, 20250
Key points:Bitcoin has beaten out three key resistance levels in a single weekly candle.The weekly close defended the 2025 yearly open, but a subsequent dip below it is making analysis question the strength of the BTC price breakout.BTC/USD remains in a “critical zone” pending fresh support confirmations.Bitcoin (BTC) has broken through three key resistance levels...

Russian ruble stablecoin: Exec lists 7 ‘Tether replica’ features

April 29, 20250
The concept of a Russian ruble stablecoin received special attention at a major local crypto event, the Blockchain Forum in Moscow, with key industry executives reflecting on some of the core features a ruble-backed stablecoin might require.Sergey Mendeleev, founder of the digital settlement exchange Exved and inactive founder of the sanctioned Garantex exchange, put forward...

1inch launches on Solana with crosschain swaps in the pipeline

April 29, 20250
Decentralized exchange (DEX) aggregator 1inch has launched on Solana, marking a significant step toward its vision of a “unified multichain” decentralized finance (DeFi) ecosystem.According to a press release shared with Cointelegraph, the integration enables users to trade over 1 million Solana-based tokens directly through the 1inch decentralized application (DApp), benefiting from maximal extractable value-protected swaps,...

Abu Dhabi institutional giants team up for dirham stablecoin

April 29, 20250
A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin.Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered to launch the stablecoin, pending regulatory approval,...

Zurich Uni’s secret AI experiment manipulated Redditors’ opinions

April 29, 20250
Researchers at the University of Zurich have been accused of undertaking an unauthorized four-month-long experiment on a Reddit board using artificial intelligence-generated comments to test whether AI could alter people’s opinions. As part of the experiment, AI-powered accounts faked a variety of personas, including a rape victim, a person opposed to specific social movements and a...

Bankera founders used ICO funds on global property buys: Report

April 29, 20250
The founders of the crypto fintech firm Bankera used funds from the project’s 2018 initial coin offering to purchase luxury properties worldwide, according to a report by the Organized Crime and Corruption Reporting Project.The OCCRP reported on April 28, citing leaked company records and bank statements, that nearly half of the funds from Bankera’s 100...

US dollar to face growing competition for stablecoin dominance: Tether co-founder

April 29, 20250
While United States dollar-denominated stablecoins dominate the stablecoin and real-world asset (RWA) tokenization game, other competitors are coming into play, according to Tether co-founder Reeve Collins. Speaking to Cointelegraph in Dubai, Collins said that while USD-backed stablecoins may currently dominate, other currencies and assets may compete to back stablecoins. He said: “The stablecoin definitely helps preserve the...

Samourai Wallet, feds ask for time to mull dropping crypto mixer case

April 29, 20250
US federal prosecutors and the co-founders of the crypto mixer Samourai Wallet have asked a court for more time to consider potentially dismissing the case after the Justice Department rolled back its crypto enforcement.Lawyers for Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill said in an April 28 letter to Manhattan federal...

Ray Dalio says global monetary order ‘on the brink’ of breakdown

April 29, 20250
Legendary investor Ray Dalio has said the world is “on the brink” of the global monetary order breaking down, which is being accelerated by the Trump administration’s tariff disruptions.The trade tensions are fracturing the monetary, political and international world orders by fueling deglobalization and unsustainable trade imbalances, Dalio, the former CEO of hedge fund Bridgewater...

Mastercard links with Circle, Paxos for merchant stablecoin payments

April 29, 20250
Mastercard says it will allow merchants across its network to be paid with stablecoins in a partnership with payment processor Nuvei and stablecoin issuers Circle and Paxos. Through the venture, 150 million merchants across the Mastercard network will now have the option to receive payments in stablecoins, regardless of how a customer pays, Mastercard said on...
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