Panama City now allows tax and fee payments in crypto, but all transactions are instantly converted to U.S. dollars. Despite symbolic crypto acceptance, the city holds no digital assets, relying on a bank to handle conversions. Panama City’s Mayor Mayer Mizrachi declared that residents can now pay their taxes and municipal fees using crypto payments. … Read more
Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack. In an April 17 notice, eXch said the majority of people in its management team voted to “cease and retreat” in response to the allegations that North Korea’s Lazarus Group … Read more
Gary Gensler has once again voiced concern over the crypto industry, stating that most digital assets are driven almost entirely by market sentiment rather than solid fundamentals. In a recent appearance on CNBC’s Squawk Box, the former Securities and Exchange Commission (SEC) chair warned that this makes many altcoins vulnerable to sudden collapse. BTC’s Long-Term … Read more
President Donald Trump already nominated Jay Clayton for the U.S. Attorney post, but Democratic minority leader Chuck Schumer has blocked the nomination, leaving Clayton in interim status. Trump-Era SEC Chairman Clayton to Lead SDNY Temporarily Former Chairman of the U.S. Securities and Exchange Commission (SEC) Jay Clayton will have to wait a little longer before … Read more
The cryptocurrency market is still recycling old narratives, with few new trends yet to emerge and replace the dominant themes in the first quarter of 2025. Artificial intelligence tokens and memecoins were the dominant crypto narrative in the first quarter of 2025, accounting for 62.8% of investor interest, according to a quarterly research report by … Read more
As quantum computing becomes more and more prevalent in our lives, quantum computing research company Project Eleven has launched a competition to see how big a threat quantum computing currently poses to Bitcoin (BTC). Accordingly, Project Eleven announced that it will give a reward of 1 Bitcoin to the person who can break Bitcoin’s cryptography … Read more
Prime brokerage Hidden Road, which was recently acquired by Ripple for $1.25 billion, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) — a move that enhances its capacity in the fixed-income markets. As a FINRA broker-dealer, Hidden Road can further develop its fixed-income prime brokerage services and extend its capabilities in … Read more
HTX has integrated and launched Fireblocks Off-Exchange, a solution aimed at institutional trading. This integration enhances the platform’s security infrastructure and streamlines operations within a compliant framework. Fireblocks Off-Exchange enables institutions to securely trade digital assets by maintaining funds in self-custodied, off-exchange collateral accounts, which reduces counterparty risk while allowing for rapid, low-cost settlement. Since … Read more
Ethereum (ETH) price traded below $1,600 on Thursday, dipping 1% during the early Asian session, as whale-driven sell pressure mounted and on-chain metrics signaled a retest of critical support levels. Ali Martinez from IntoTheBlock reported that Ethereum whales offloaded over 143,000 ETH in the past seven days. The selling spree aligns with growing concerns over … Read more
The latest US initial jobless claims data came at 215,000, below the estimated expectation of 225,000, on April 17. The dip in jobless claims indicated that the US labor market remained stable, with fewer people being affected by the uncertainty of US tariffs. Initial jobless claims are a leading economic indicator that measures the health … Read more