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Trump’s executive order raises EU concerns over USD stablecoin dominance

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Former President Donald Trump’s executive order on digital assets has reignited concerns about the dominance of the U.S. dollar in the stablecoin market. The order, which aims to strengthen the regulatory framework for cryptocurrencies, has raised alarms within the European Union and other global markets. Critics argue that the push for USD-backed stablecoins could exacerbate the dollar’s global influence, sidelining efforts to create more decentralized or non-dollar-based alternatives.

The European Union, in particular, has expressed unease, citing the potential for U.S. financial hegemony to further solidify with the rise of USD-pegged stablecoins. EU regulators fear that this dominance could undermine their ongoing efforts to promote the euro as a competitive currency in the digital asset space. Some European leaders have called for greater regulatory clarity and more aggressive policies to support the euro, particularly in the face of growing U.S. influence.

In response to the executive order, U.S. lawmakers have emphasized that USD stablecoins are integral to the global digital economy and would offer enhanced stability for the crypto market. Advocates argue that the U.S. has the infrastructure and regulatory framework to ensure a secure and compliant environment for stablecoin transactions. Proponents also suggest that USD stablecoins can serve as a bridge for cross-border payments, further cementing the U.S.’s role in the evolving global financial ecosystem.

The clash between U.S. and EU interests in the stablecoin market highlights the growing geopolitical dimensions of digital currencies. As both regions work to develop comprehensive frameworks for cryptocurrencies, the outcome will likely influence how stablecoins are regulated worldwide. The battle for dominance in this new financial landscape may shape the future of global trade, cross-border payments, and the role of national currencies in the digital age.

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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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