Dormant Silk Road Wallets Spring to Life, Moving Millions in Bitcoin

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…

The post Why is Bitcoin (BTC) Trading Lower Today? appeared on BitcoinEthereumNews.com. Bitcoin BTC$90,457.05, the leading cryptocurrency by market value, is down following the overnight Fed rate cut. The reason likely lies in the Fed’s messaging, which has made traders less excited about future easing. The Fed on Wednesday cut the benchmark interest rate by 25 basis points to 3.25% as expected and announced it will begin purchasing short-term Treasury bills to manage liquidity in the banking system. Yet, BTC traded below $90,000 at press time, representing a 2.4% decline since early Asian trading hours, according to CoinDesk data. Ether was down 4% at $3,190, with the CoinDesk 20 Index down over 4%. The risk-off action is likely due to growing signs of internal Fed divisions on balancing inflation control against employment goals, coupled with signals of a more challenging path for future rate cuts. Two members voted for no change on Wednesday, but individual forecasts revealed that six FOMC members felt that a cut wasn’t “appropriate.” Besides, the central bank suggested just one more rate cut in 2026, disappointing expectations for two to three rate cuts. “The Fed is divided, and the market has no real insight into the future path of rates from now until May 2026, when Chairman Jerome Powell will be replaced. The replacement of Powell with a Trump loyalist (who will push to lower rates aggressively) is likely the most reliable signal for rates. Until then, however, there are still 6 months to go,” Greg Magadini, director of derivatives at Amberdata, told CoinDesk. He added that the most likely occurrence as of now is a needed “deleveraging” or down-market” to convince the Fed of lower rates decidedly. Shiliang Tang, managing partner of Monarq Asset Management, said BTC is following the stock market lower. “Crypto markets initially spiked on the news but have steadily moved lower since, in conjunction with…

Introduction to Cryptos Will 100x in 5 Years Every new crypto bull cycle triggers the same dream: catching the next 100x token. Tales from early Solana, Matic, and Shiba Inu holders keep the dream alive, tiny portfolios becoming life-changing money in less than half a decade. But 100x doesn’t happen randomly. It happens at specific […] The post Which Cryptos Will 100x in 5 Years?  appeared first on CoinSwitch. The post Which Cryptos Will 100x in 5 Years?  appeared first on CoinSwitch.