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Pakistan
Cryptocurrency News

Pakistan set to allocate 2000 MW of electricity for Bitcoin mining

Pakistan has announced plans to allocate 2,000 megawatts of electricity to support…

Owotunse Adebayo Owotunse Adebayo May 25, 2025
How Trump’s Tariffs Turned AI into a Critical Business Tool
Cryptocurrency News

How Trump’s Tariffs Turned AI into a Critical Business Tool

AI has emerged as a critical tool for companies navigating the complex…

John Palmer John Palmer May 25, 2025
Robert Kiyosaki explains why he trusts Bitcoin over cash, citing inflation, fiat devaluation, and Bitcoin’s strong network value.
Cryptocurrency News

Bitcoin Trusted More Than Cash, Says Robert Kiyosaki

Bitcoin is gaining more substantial support from high-profile investors, with Robert Kiyosaki…

John Palmer John Palmer May 25, 2025
Polygon
Cryptocurrency News

Polygon co-founder Mihailo Bjelic resigns from the company

Polygon co-founder Mihailo Bjelic has resigned from the company, stepping down from…

Owotunse Adebayo Owotunse Adebayo May 24, 2025
America Is Going Big on Crypto as Policy Shift Gains Momentum America is going big on crypto as the current administration takes a firm stance to lead the global digital asset economy. U.S. Treasury Secretary Scott Bessent confirmed the shift in strategy during an interview with Bloomberg, marking a clear break from past regulatory resistance that stifled industry growth. Bessent emphasized that the administration will focus on strengthening anti-money laundering standards, particularly for stablecoins, while encouraging innovation through clearer regulations. He stated that digital asset firms need regulatory certainty and that the government is actively working to provide it. Stablecoins could inject trillions into treasuries Bessent projected that stablecoins could drive as much as $2 trillion in demand for U.S. Treasuries and government bills. This estimate represents a significant increase from the current $300 billion and could provide a strong liquidity boost to traditional financial markets. The Treasury Secretary noted that such a transformation could occur without sacrificing regulatory oversight, adding that a clear framework would improve market confidence and transparency. Momentum is also building in Congress, where a bipartisan stablecoin bill has cleared a procedural hurdle in the Senate. Lawmakers voted 66–32 to end a filibuster, paving the way for open debate. The breakthrough came after crypto-supportive Democrats, led by Senators Kirsten Gillibrand and Angela Alsobrooks, agreed to remove provisions blocking former President Donald Trump from profiting through family-held crypto assets. Although the final vote may not occur until after the Memorial Day recess, the bill is expected to offer long-awaited regulatory clarity. It could end years of legal uncertainty for stablecoins and encourage greater institutional involvement in the sector if passed. Financial system reform in focus Beyond digital assets, Bessent signaled a broader transformation of the financial system. He revealed that regulators are nearing the end of discussions to remove the supplementary leverage ratio rule for banks trading in U.S. Treasuries. The rule, introduced after the 2008 financial crisis, requires banks to hold additional capital for Treasury holdings. Removing it could increase liquidity in the $29 trillion Treasury market and potentially lower yields. The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency are all involved in the talks. Trump positions himself as crypto ally Donald Trump has become known for speaking positively about digital assets. He recently organized a big cryptocurrency dinner for leading TRUMP coin supporters at his Virginia golf club, earning $148 million. Those in office found issue with how the event was put together and the degree of control held by a few. Officials said Biden’s visit was for personal reasons and unrelated to his president duties. America Embraces Crypto After Years of Industry Setbacks
Cryptocurrency News

America Is Going Big on Crypto as Policy Shift Gains Momentum

America is going big on crypto as the current administration takes a…

John Palmer John Palmer May 24, 2025
Tesla’s Bitcoin Holdings Now Valued at Over $1.25 Billion
Cryptocurrency News

Tesla’s Bitcoin Holdings Now Valued at Over $1.25 Billion

Tesla’s Bitcoin holdings have climbed to more than $1.25 billion, reaffirming the…

John Palmer John Palmer May 24, 2025

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