City Crypto Financial News

Crypto Strategic Reserve," aiming to make the U.S. the «crypto capital of the world.» The reserve will include Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement triggered a sharp rally, with these cryptocurrencies seeing significant price gains. In a series of posts on Truth Social, Trump expressed his endorsement of Bitcoin and Ethereum, stating, «And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!»

President Trump plans to host cryptocurrency executives at the White House on Friday, a crypto summit that could offer new insight into the administration’s agenda regarding digital assets.

The proposal, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, is aimed at solidifying the United States as the “Crypto Capital of the World.” However, the initiative has not been met with universal approval.

US Crypto Strategic Reserve. In a social media post on Sunday, he revealed that XRP, Solana, and Cardano would be included in the reserve, triggering a market rally. The move aligns with his broader plan to position the US as the global leader in digital assets.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Donald Trump, former US President and GOP presidential nominee delivered his speech at the Bitcoin 2024 conference, it soon made headlines all across the world. Trump reiterated his plan to establish his country as the “Crypto Capital” and “Bitcoin Superpower” of the world — providing much hope to American crypto enthusiasts. Since Bitcoin was released, it has grown rapidly to become the top new asset class in the world. While world governments did not perceive it as a financial changemaker asset at first, the significant adoption rates globally have forced them to think otherwise. For instance, the US government did not have a high opinion of BTC and other cryptocurrencies in the past decade, but the scenario has changed drastically since then as Trump pledged to create a “strategic reserve” of Bitcoin for the US government. Additionally, Trump raised a significant amount of Bitcoin campaign funding which helped to bolster his claims as BTC price soared thereafter.

Beijing, China – May 16, 2024

Binance has withdrawn its cryptocurrency custody license application in Germany. The exchange confirmed its withdrawal to Cointelegraph on July 26, nearly a month after reports of rejections from The German Federal Financial Supervisory Authority (BaFin).

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10 month timespan in 2018.

On May 30, Air Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary ANA Neo. 

A long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that has dragged on for five years.

Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.

Venture capitalists battling with the difficulties of proper crypto firm due diligence should be looking at getting back to the basics — to "trust the chain," a crypto-focused venture fund executive argues. 

The Nigerian government will reportedly soon pass a law that will recognize the usage of Bitcoin (BTC) and other cryptocurrencies as a means to keep up to date with “global practices.”

Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York for a six-month adjournment. 

Just when the global economy largely recovered from the crippling effects of the COVID-19 pandemic, geopolitical tensions and the resultant supply chain pressures have once again roiled financial markets across the world. 

OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.

The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.

How much would you like your pension fund to bet on crypto-based mortgages?

Crypto capital markets platform Maple Finance has expanded support to the Solana blockchain and has deployed a $45 million fund to spur ecosystem growth.