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Texas senator discloses up to $100K in BTC after blockchain endorsement

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U.S. Senator Ted Cruz, a Republican from Texas, has revealed substantial personal investments in Bitcoin, according to his latest financial disclosure. The report, which covers the senator’s financial activities, shows that Cruz purchased between $15,001 and $50,000 worth of Bitcoin in early 2024.

Cruz, a vocal advocate for cryptocurrency and blockchain technology, has consistently supported Bitcoin and its potential to transform the financial system. His latest investment disclosure highlights his personal commitment to the digital currency, aligning with his broader political stance advocating for reduced government regulation of the crypto industry.

The Texas senator has long been a proponent of making the state a hub for Bitcoin mining and blockchain development, frequently citing Texas’s abundant energy resources as a key advantage. Cruz’s financial disclosure comes at a time when cryptocurrency regulation is a hot topic in Washington, with lawmakers and regulators debating the future of digital assets in the U.S.

Cruz’s Bitcoin holdings, while relatively modest in the context of his overall wealth, signal his belief in the long-term value of cryptocurrency. His investment also places him among a growing number of U.S. politicians who are directly engaging with digital assets, both personally and legislatively.

The disclosure of Cruz’s Bitcoin purchase could further influence the ongoing discussion around cryptocurrency regulation, particularly as more lawmakers reveal their own crypto investments. As the debate continues, Cruz’s financial stake in Bitcoin underscores his alignment with the growing movement supporting the integration of digital currencies into the broader economy.

This revelation also highlights the increasing mainstream acceptance of Bitcoin and other cryptocurrencies, even among established political figures. Cruz’s investment is likely to be closely watched by both his constituents and the broader financial community as the regulatory landscape for digital assets continues to evolve.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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