Analysis Crypto by Thebittimes.Com

In what could be an important development for the leading memecoin, Elon Musk has said that the US government currently has “no plans” to use Dogecoin (DOGE). Indeed, the head of US President Donald Trump’s DOGE Commission noted that the cryptocurrency will likely not be integrated into government operations any time soon. Musk has long been tied to the digital asset. He once referred to himself as the self-professed ‘Dogefather.’ Moreover, many of the cryptocurrencies’ biggest price increases have been tied to the Tesla CEO. The clarification has seen the asset plummet, continuing its 7% fall over the last seven days, according to CoinMarketCap. JUST IN: Elon Musk says the US government has "no plans" to use Dogecoin $DOGE. — Watcher.Guru (@WatcherGuru) March 31, 2025 Also Read: $10,000 In Dogecoin (DOGE) 10 Years Ago, Here Are Your Return Elon Musk Confirms the US Government Has No Plans for Dogecoin The United States has embraced a rather revoluti...

Hacks in the cryptocurrency industry are nothing new. In September alone, the market witnessed hacks worth $120 million. Over half of the $120 million in cryptocurrency attacks that occurred in the month were on centralized exchanges BingX and Indodax. Amidst this, malicious activity was suspected in the US government’s wallet. Also Read: SEC Can’t Stop It: Ripple CEO Predicts Inevitable XRP ETF Approval US Government Loses Big Bucks Through Cryptocurrency Hack Data from Arkham Intelligence revealed that a cryptocurrency wallet that was probably under the authority of the US government was hacked on October 24. $20 million was taken out of the wallet. This further included money taken from the Bitfinex hack in 2016. The hacker sent the money to a wallet that started with “0x348.” The report revealed that $5.5 million in USDC and $1.25 million in the stablecoin Tether were taken from Aave. These assets were then transferred to the wallet along with $13.7 million in USDC...

There is growing speculation on how important the Bitcoin cryptocurrency could become to the US Government over the coming years. With former President Donald Trump looking to return to the White House following this year’s US election, the future of cryptocurrency in the country is up for debate. Trump has considered himself the first “crypto president” if elected, and is a supporter of BTC. Now, CNBC thinks that thanks to the former President, the US Government may hold Bitcoin as a reserve currency. JUST IN: CNBC discusses the possibility of the US Government holding #Bitcoin as a reserve currency. pic.twitter.com/7GKt4VXBVs — Watcher.Guru (@WatcherGuru) July 22, 2024 CNBC Bitcoin analysts suggest that while it may be a difficult task, a Trump-led US Government can begin holding BTC in reserve. There has been growing speculation for months that this can happen if Trump is elected, as the US is the largest holder of BTC in the world. The US Justice Department ...

US politicians, crypto execs, and influencers fired up their Twitter apps upon learning of Sam Bankman-Fried's arrest in The Bahamas. Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.  On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. Within hours, politicians, crypto executives and influencers all booted up their Twitter apps to comment on the arrest of the FTX’s former CEO. New York Democratic Congresswoman Alexandria Ocasio-Cortez, who’s held a fairly neutral view on the crypto industry to date, told her 13.4 million Twitter followers that Bankman-Fried’s was a step in the right direction towards “justice being served,” but noted that the arrest would likely postpone Bankman-Fried’s testimony before the House Financial Services Committee, ...