European Markets Close Higher, Ending May with Gains Despite Tariff Uncertainty
European stock markets closed higher on Friday, May 30, after two consecutive days of declines, despite the uncertainty generated by the ongoing legal battles surrounding the tariffs imposed by the Trump administration. Comments from a U.S. government representative stating that negotiations with the European Union were “on the right track” helped sustain the positive momentum. […]
The Silent Checkmate Against Italian Citizenship
Recent changes in Italian law are directly impacting the 30 million Brazilians who are eligible for citizenship through blood (iure sanguinis), a historic right that has been protected for over a century. However, the Italian government’s recent actions, particularly under Prime Minister Giorgia Meloni, have raised significant concerns and drawn strong opposition from Italian legal […]
New York Controller Rejects Mayor Adams’ Proposal for Bitcoin-Backed Bonds
The proposal by New York City Mayor Eric Adams to issue municipal bonds backed by Bitcoin has faced strong opposition from City Controller Brad Lander, who called the plan “legally dubious and fiscally irresponsible.” Key Points: Lander’s Concerns and Alternative Proposal Lander’s statement included a simulation of the potential structure for the Bitcoin-backed bonds. According […]
U.S. Government Asks Court to Reject Coinbase User’s Challenge to Cryptocurrency Records
The U.S. government has asked the Supreme Court to reject a Coinbase user’s challenge against the IRS’s attempt to obtain his cryptocurrency transaction records. Key Points: Government’s Position In its petition, the U.S. government emphasized that the Supreme Court’s jurisprudence supports the IRS’s position. Citing past cases, such as United States v. Miller, the government […]
Exclusive: Cardano to Be Used by 40,000 Petrobras Employees, “Brazil is Our Priority,” Reveals CEO
In an exclusive interview with Cointelegraph Brasil, Frederik Gregaard, CEO of Cardano Foundation, highlighted that Brazil is a key priority in Cardano’s expansion strategy. Key Points: Voltaire Era: A New Era of Decentralized Governance The transition to the Voltaire Era is a key milestone for Cardano, aiming for a truly decentralized governance model. Gregaard explained […]
Iconic Faria Lima Asset Manager Backs Bitcoin: “It’s Rising Crazy”
Luis Stuhlberger, CEO of Verde Asset, has embraced Bitcoin amidst growing inflation in the U.S. and a weakening dollar. Key Points: Bitcoin’s Surge Amid Market Skepticism Although Bitcoin remains a controversial asset for traditional investors due to its lack of dividends, Stuhlberger pointed out its tremendous potential for appreciation. “Everyone hates it, no one wants […]
China Allegedly Bans Cryptocurrency Custody, Pressures Bitcoin, Triggers Overselling and Trader Liquidations
The cryptocurrency market experienced a significant outflow of capital this Friday morning (May 30), with over $100 billion in liquidations, leading to a market cap drop to $3.33 trillion (-3%). Bitcoin (BTC) retreated to $105.9K (-2.7%) and saw a weekly loss of 4.3%, holding a 63.1% market dominance. Meanwhile, major altcoins were also in the […]
Bitcoin’s Bull Market May Be Delayed as Weekly Close Above $104.5K Becomes Crucial
Bitcoin has recently faced a setback, falling below its all-time highs and approaching support levels last seen in late 2024. With analysts warning of a potential “deeper correction,” attention is now focused on the upcoming weekly close as a key indicator for the next move in the market. Key Points: Bitcoin Faces a Potential “Deeper […]