Peter Schiff, a Crypto enthusiast, has reignited the debate over Bitcoin’s prospects, bluntly stating that the cryptocurrency is doomed to fail in the face of the impending 2025 financial crisis. As a long-time Bitcoin skeptic, Schiff contends that the asset’s notorious volatility will prove its undoing in the event of another major economic shock.
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Weekly Crypto Regulation Roundup: DeFi Broker Rule Repealed, Ukraine Proposes Wartime Tax, and More
In this week’s crypto regulation news: Trump repeals the IRS DeFi broker rule, Ukraine proposes a wartime tax on crypto gains, Block Inc. settles a $40M compliance case, and Paul Atkins is confirmed as SEC chair.
The post Weekly Crypto Regulation Roundup: DeFi Broker Rule Repealed, Ukraine Proposes Wartime Tax, and More appeared first on Cryptonews. …
NY Assemblyman Clyde Vanel Proposes Crypto Payment Bill for State Agencies
New York Assemblyman Clyde Vanel proposed a bill this week that would allow state agencies to accept crypto payments.
The post NY Assemblyman Clyde Vanel Proposes Crypto Payment Bill for State Agencies appeared first on Cryptonews. …
Swedish MP Proposes Adding Bitcoin to National Foreign Reserves
Swedish MP Rickard Nordin has proposed adding Bitcoin Reserve to the national foreign reserves, citing inflation and economic uncertainty as motivations. The motion could bring crypto into mainstream fiscal policy if taken up by parliament.
The post Swedish MP Proposes Adding Bitcoin to National Foreign Reserves appeared first on Cryptonews. …
US Supreme Court rules man wrongly deported to El Salvador must be returned
The government has said Kilmar Abrego Garcia was deported in error, but has resisted returning him to the US.
Nigeria bans airing of song criticising president
On the track, Eedris Abdulkareem urges the leader’s son to tell his father about everyday hardships.
Gabon holds its breath as coup mastermind eyes presidency
Saturday’s election marks a major test for a coup leader who wants the democratic stamp of approval.
Erdogan’s main rival in Turkey makes first court appearance since arrest
The mayor of Istanbul has been imprisoned on corruption and terrorism charges, prompting mass protests.
Witkoff meets Putin as Trump urges Russia to ‘get moving’
The US envoy will hold a third round of talks with the Russian president as agreement on a ceasefire in Ukraine remains elusive.
Ukraine allies pledge €21bn in fresh military aid
Europe’s defence ministers said they saw no sign of an end to the war.