U.S. tariffs on China may backfire as the country reduces dollar purchases, while currency instability on both fronts fuels interest in Bitcoin. China is scrambling to defend its currency amid the impact of historic U.S. tariffs, fueling renewed demand for Bitcoin (B). On Wednesday, April 9, the People’s Bank of China instructed major Chinese banks…
GOSH, the core developer behind the Acki Nacki blockchain, has partnered with global connectivity leader NetIX to deliver faster, more scalable network performance for its decentralized validator ecosystem. Announced on April 9, the partnership will allow Acki Nacki’s Block Keeper Nodes to tap into NetIX’s high-speed, low-latency infrastructure, crypto.news can exclusively report. NetIX, part of…
Under new regulations, Thailand will enhance its efforts to prevent foreign peer-to-peer crypto exchanges from targeting local users. Thailand is ramping up its efforts to fight cybercrime with some new changes to its laws, focusing on cracking down harder on mule accounts and foreign peer-to-peer crypto platforms. In a press release on April 8, Thailand’s…
Virtuals Protocol’s daily revenue has plummeted to under $500 per day, while the VIRTUAL token edges closer to the oversold threshold. According to Blockworks Research, Virtuals Protocol (VIRTUAL) has been generating less than $500 per day in revenue from launch and swap fees for the most part of late March and early April. In early…
A Florida federal court judge has approved an $11 million settlement between Shaquille O’Neal and Astrals NFT buyers, ending a class-action lawsuit over an alleged promotion of unregistered securities. According to a court order made public on April 8, Judge Federico Moreno gave the green light to the deal, which sets aside up to $11…
IP has entered a consolidation phase, recently ending the three-week downtrend that was weighing upon its price. According to data from crypto.news, Story (IP) rose 9% to an intraday high of $4.27 on April 9, afternoon Asian time. Its market cap was seated at nearly 41.1 billion, while its daily trading volume was slightly higher…
Ukraine’s securities regulator has proposed applying the country’s full personal income and military taxes to crypto gains, totaling 23%. Ukraine‘s Securities and Exchange Commission has proposed a 23% tax on individual income from crypto operations, consisting of an 18% personal income tax and a 5% military levy. In a 32-page consultation paper, the agency noted…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. AI-generated avatars and virtual assistants will revolutionize our digital landscape, powering virtual influencers, workplace stand-ins, and immersive metaverse experiences. Yet, beneath this technological marvel lies a pressing question: who truly owns and…
According to analysts, XRP is trading close to a key accumulation zone, which could strengthen its case for an upward rally. In an April 8 X post, Analyst Dom pointed out that XRP is now filling a “liquidity void”, essentially correcting an inefficiency in price action from back in late November. That puts the asset…
The Aave DAO has overwhelmingly approved a $4 million AAVE token buyback, launching the first phase of a broader initiative to overhaul the protocol’s tokenomics. The Aave (AAVE) DAO has officially approved a $4 million buyback plan of AAVE tokens. The proposal passed with 99.63% consensus. The proposal authorizes the Aave Finance Committee, a governance-backed…
