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Coinbase CEO to meet with Trump to discuss personnel appointments

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Coinbase CEO Brian Armstrong recently met with former U.S. President Donald Trump to discuss the future of cryptocurrency regulation and the role of digital assets in the U.S. economy. The meeting, which took place at Trump’s Mar-a-Lago estate, has raised eyebrows within the crypto community, as it marks a rare convergence of the tech industry with political figures known for their controversial stances on financial innovation. Armstrong, a vocal advocate for cryptocurrency, reportedly shared insights on how blockchain technology could drive economic growth and job creation.

The discussions are believed to have centered around regulatory challenges facing the crypto industry, with Armstrong emphasizing the need for clear and consistent rules to foster innovation while ensuring consumer protection. He is said to have highlighted the potential of cryptocurrencies and blockchain to enhance the U.S. financial system, providing opportunities for economic inclusivity and international competitiveness. Armstrong also expressed concerns over the current regulatory uncertainty that has left many blockchain-based projects uncertain about their future in the U.S.

Although the specifics of the conversation remain private, the meeting comes amid increasing scrutiny of the cryptocurrency sector by U.S. lawmakers and regulators. The Biden administration has taken a more cautious approach to digital assets, with key agencies such as the SEC and the CFTC pushing for more stringent oversight. The meeting between Armstrong and Trump may signal a shift toward more open dialogue between crypto leaders and influential political figures as the sector grapples with growing regulatory pressure.

While some in the crypto community have applauded the idea of engaging with political leaders, others remain wary of the potential for regulatory overreach. Armstrong’s meeting with Trump could play a role in shaping future crypto policy, especially as the U.S. continues to debate how to balance innovation with regulatory control. As the conversation around crypto regulation intensifies, industry leaders like Armstrong are likely to continue engaging with policymakers to ensure that the U.S. remains a competitive player in the rapidly evolving global digital economy.

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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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