Cryptocurrency news ftasiamanagement
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks https://wedoweb.org/app/real-money/. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
Cryptocurrency news april 30 2025
Senators urge reversal of DOJ shift in digital asset enforcement priorities. On April 10, US Senators Elizabeth Warren (D-MA), Mazie K. Hirono (D-HI), and Dick Durbin (D-IL) – Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, a senior member of the Senate Judiciary Committee, and Ranking Member of the Senate Judiciary Committee, respectively – announced they led six Senators in writing to urge Deputy Attorney General Todd Blanche to reverse the DOJ’s recent decisions to effectively terminate its cryptocurrency investigations and prosecutions and disband its National Cryptocurrency Enforcement Team. In their letter, the Senators asserted the decisions are “grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation” and demanded a staff-level briefing “on the rationale behind these decisions and their anticipated impacts on the Department’s ability to enforce the law and protect Americans from cryptocurrency-based crimes.”
Moreover, the Bitcoin Rainbow Chart, a tool that uses logarithmic growth curves to determine valuation, indicates that stable price action, barring any major developments, would most likely result in the prevailing Bitcoin price on April 30 being in the $73,358 to $95,164 range. The midpoint between those two figures is $84,261 — slightly below the estimates given by AI models today.
🏦 BlackRock: Its Bitcoin ETF surpassed $50 billion in assets in just 15 months, underscoring growing institutional demand for crypto exposure. 🏦 MicroStrategy: Increased its Bitcoin holdings to 447,470 BTC, continuing its long-term accumulation strategy.
Senators urge reversal of DOJ shift in digital asset enforcement priorities. On April 10, US Senators Elizabeth Warren (D-MA), Mazie K. Hirono (D-HI), and Dick Durbin (D-IL) – Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, a senior member of the Senate Judiciary Committee, and Ranking Member of the Senate Judiciary Committee, respectively – announced they led six Senators in writing to urge Deputy Attorney General Todd Blanche to reverse the DOJ’s recent decisions to effectively terminate its cryptocurrency investigations and prosecutions and disband its National Cryptocurrency Enforcement Team. In their letter, the Senators asserted the decisions are “grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation” and demanded a staff-level briefing “on the rationale behind these decisions and their anticipated impacts on the Department’s ability to enforce the law and protect Americans from cryptocurrency-based crimes.”
Moreover, the Bitcoin Rainbow Chart, a tool that uses logarithmic growth curves to determine valuation, indicates that stable price action, barring any major developments, would most likely result in the prevailing Bitcoin price on April 30 being in the $73,358 to $95,164 range. The midpoint between those two figures is $84,261 — slightly below the estimates given by AI models today.
Cryptocurrency news predictions
“This development allows institutional investors to gain market share and instills confidence that cryptocurrency can be a viable investment for everyday investors without the complexity of holding coins in a wallet,” Bedolla says.
A new report from TRM Labs found crypto hackers stole $1.38 billion worth of crypto in the first half of 2024, more than double the $657 million they scored during the same period a year ago. In the report, TRM Labs said private key and seed phrase compromises, smart contract exploits and flash loan attacks have been the most common crypto hacking strategies in 2024.
Amid the optimism, BitMEX co-founder and former CEO Arthur Hayes says Bitcoin could reach $1 million by 2028. He cites US capital controls taxing foreign assets, prompting capital flight from US markets.
