Crypto, Forex & Blockchain News

The IMF reports that El Salvador has not purchased any new Bitcoin since signing a loan agreement in December 2024, contradicting initial claims made by the country’s Bitcoin Office. The article discusses the government’s adherence to the IMF’s terms and the national response, highlighting President Nayib Bukele’s defiance. It also examines the impact on the Bitcoin community worldwide due to El Salvador’s unique approach towards Bitcoin reserves.

UK politicians debate over cryptocurrency campaign donations, voicing concerns about potential foreign interference and reinforcing the need for strict regulations to ensure transparency. The discussions point to a growing systemic concern about the impact of crypto on the democratic process, as the UK joins other nations in scrutinizing the role of crypto in politics.

The FTX creditor community is awaiting a court ruling that could allow the FTX bankruptcy estate to freeze payouts to creditors in restricted countries, including China. This action could significantly impact the global crypto ecosystem and future crypto bankruptcies. This article discusses the potential consequences of this motion, the objections received, and the volatility it has caused in FTX creditor claims.

Ethereum’s price reaches a six-month high driven by record ETF inflows, increasing network activity, and rising demand from institutions. Further predictions suggest ETH could potentially reach $7,000-$10,000 by 2025. The article discusses recent onchain activity and addresses the growing interest in Ethereum exchange-traded funds and DeFi applications.

Tether’s USDt, the world’s largest stablecoin, hits a major milestone by surpassing the $160 billion market cap. The achievement underscores the growing role of USDt as the digital dollar for billions of people in emerging markets. In this article, Tether’s CEO Paolo Ardoino shares insights on USDt’s use by over 400 million people worldwide and its increased presence on various blockchain networks. Dive in to grasp the depth of the stablecoin market and evolving regulations impacting it.

Russian national residing in New York, Iurii Gugnin, faces 22 criminal charges for allegedly laundering over $530 million using his crypto firms, Evita Investments and Evita Pay. Accused of facilitating transactions for sanctioned Russian entities, Gugnin reportedly violated AML regulations, misled financial institutions and accessed information about criminal investigations and law enforcement detection methods. The case underscores the complexities of regulating the cryptocurrency markets, as well as national security risks and potential regulatory changes.

Bitcoin surpasses $120,000 marking a new milestone, inciting a boost for ether and crypto-linked companies such as Strategy, MARA Holdings, and Riot Platforms. This development comes in line with Congress’s discussion of three potential crypto-friendly legislation this week, which could further legitimize digital assets. The increase in Bitcoin value could also affect the decisions on upcoming votes on the GENIUS Act and Digital Asset Market Clarity Act.

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Bitcoin reached a new high over $123,000, spurred by institutional buying and optimism around ‘Crypto Week’. Bitcoin treasury firm Strategy announced the purchase of $472.5 million worth of Bitcoin, while U.S. spot Bitcoin ETFs recorded over $1 billion of inflows last week. The U.S. House of Representatives is also set to vote on three crypto-related bills that could further provide regulatory clarity.