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U.S government suffers 26% loss on crypto since Trump became president

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While on the campaign trail, Donald Trump appeared like a dream for cryptocurrency investors, promising that if he is re-elected, the U.S. will become one of the world’s most friendly countries regarding digital assets. The promises were seemingly taken at face value, as the election victory generated a powerful rally with the discussion of when the government would start accumulating cryptocurrencies, per the strategic reserve promises, coming to great prominence. The reality of the new administration proved quite different, and instead of the Federal Government increasing its digital assets holdings, the value of what was already owned dropped significantly. Specifically, the U.S. was recorded as owning $21.15 billion worth of cryptocurrency on January 20, but the number dropped to $15.45 billion by press time on April 7, for a total loss of 26.67%, per the data Finbold retrieved from Arkham Intelligence on the day. The majority of America’s digital assets are Bi...

BIP proposes destroying bitcoins to save the ecosystem from quantum attack

Fearing an attack by quantum computers, Bitcoin developers have already started coding the hard fork that could alter the currency’s supply. Developer Agustin Cruz is the latest dev to post a draft Bitcoin Improvement Proposal (BIP) to the Bitcoin-Dev mailing list. Entitled “Quantum-Resistant Address Migration Protocol” (QRAMP), the draft BIP includes preliminary code and instructions for destroying unspent transaction outputs (UTXOs) — colloquially known as bitcoins (BTC) — on the world’s most valuable blockchain. His BIP contains code for a hard fork consensus change that would enact a mandatory migration of quantum-vulnerable UTXOs.  For context, Bitcoin’s Elliptic Curve Digital Signature Algorithm (ECDSA) secures UTXOs. Unfortunately, ECDSA cannot defend against a sufficiently advanced quantum attacker. Although no quantum computer has stolen UTXOs yet, it’s possible that a more advanced machine may be able to steal them at some...

Ripple to Drop 68%? XRP Faces Bearish Outlook Amid 'Liberation Day' Fall

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The cryptocurrency market was hit with a notable downturn Wednesday as US President Donald Trump announced a host of new tariffs. One token that could be immensely affected is Ripple, as experts predict XRP could fall 68% amid a bearish outlook derived from the market’s ‘Liberation Day’ drop. The increasingly concerning macroeconomic outlook for April has sent several cryptocurrencies into a tailspin. Indeed, even Bitcoin has dropped more than 1.2%, with the asset looking to stay above the $81,000 mark. Now, all eyes are on how these assets will respond as the geopolitical situation gets even more concerning. Source: Watcher.Guru Also Read: Ripple Prediction: AI Sets XRP Price For April 5, 2025 Ripple Faces Continued Drop as XRP May Fall to $1 It has been a rather interesting month for the cryptocurrency market. Although the United States has entered the year seeking an overhaul of crypto policy, economic factors have stagnated prices. Indeed, the year could see regula...

BRICS: 2 Countries Officially Look to Trade in Local Currencies

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BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: Brazil & China Look at Local Currencies For Trade Settlements Source: iStock Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar. Also Read: BRICS Considers New Financial Options For Trade Settl...

BNB ETF filing: Can Binance Coin Tit $1,200?

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BNB’s ETF filings have actually sparked a lot of interest right now in the cryptocurrency market, with VanEck’s recent registration in Delaware marking the first attempt to launch a Binance Coin exchange-traded fund in the U.S. This development has also fueled speculation about potential price growth for Binance coin amid ongoing market volatility concerns. Source: CoinCodex Also Read: If You Put $1,000 Into Dogecoin When Elon Musk First Tweeted, Here’s Your Return Binance Coin Price Prediction & the Impact of BNB ETF on Market Volatility Source: CryptoBriefing VanEck’s Pioneering BNB ETF Filing After launching $BTC and $ETH ETFs, @vaneck_us is setting its sights on $BNB, filing an ETF application for the Binance-linked token in Delaware. By @JamieCrawleyCD.https://t.co/r73RsSMF5b — CoinDesk (@CoinDesk) April 2, 2025 VanEck has, at the time of writing, registered a Binance Coin (BNB) ETF in Delaware, adding BNB to its growing portfolio of crypto ETF filings that alread...

Robert Kiyosaki’s Q1, 2025 portfolio performance

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While many of his X posts and other business activities have been controversial, the success of Robert Kiyosaki’s investment portfolio in 2024 is impossible to dispute as it appreciated 62.38% within the 12 months..  In 2025, however, some of the ‘ Rich Dad Poor Dad’ author’s top picks have been trading either lower or mostly sideways, and Finbold decided to examine if the Kiyosaki cryptocurrency and commodity-focused strategy continued working through the just-ended first quarter (Q1). Here’s how much investing in BTC, gold, and silver in Q1 would return While his holdings extend beyond the big three – Bitcoin (BTC), gold, and silver – for most of his followers, these are the assets that first come to mind when Kiyosaki’s name is mentioned. Picks for you AI predicts Bitcoin price for April 30, 2025 ...