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The estimated fall may have been contributed by America’s record-high $153 billion trade deficit in January, the Census Bureau reported on Feb. 28. The 25.6% trade deficit increase from December likely came as a result of businesses front-loading imports before President Donald Trump implemented his first round of tariffs.
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The possible GDP fall could trigger the start of a Trump-inflicted recession, or “Trumpcession,” as some call it. America’s GDP hasn’t shrunk by more than 2.8% since Q2 2020, where it fell 32.9% as the world went into lockdown from the COVID-19 pandemic.
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“[Whether] you like it or not, legislation will happen at the federal level in this order: Stablecoins, Market Structure, and Strategic Bitcoin Reserve,” Satoshi Action Fund founder Dennis Porter said in a Feb. 28 X post.
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According to Senator Durbin, the legislation proposed “special protection” for two weeks after someone used a crypto ATM for the first time. The ATMs would be required to limit deposits from one customer to $2,000 daily or $10,000 total and verbally confirm any deposit over $500 from new customers. Operators would also have to provide full refunds to fraud victims under certain circumstances.
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It has since seen significant volatility, with its price falling around 40% in the last hour and its market capitalization dropping to around $1.8 million.
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https://warpcast.com/austinemma9109/0x5aa63a22
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At the federal level, Senator Bill Hagerty introduced the GENIUS Act on Feb. 5 to establish a clear regulatory framework for stablecoins. Apollo said the commission has been consulting with people working on the legislation and that he is supportive.
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“So, that may be the end of Q2 for the full, live, globally available version of a Wyoming stable token — one that can be deployed on DeFi, following all of our compliance checks.”
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Tidal DeFi, an asset management firm focused on decentralized finance, filed for its Oasis Capital Digital Asset Debt Strategy ETF (DADS). The fund plans to invest in debt instruments tied to companies in the crypto ecosystem, including miners, utilities, energy firms, and payment platforms.
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On Jan. 17, CoinShares, formerly Valkyrie Funds and a digital asset manager, also filed for the “CoinShares Digital Asset ETF,” which will track its proprietary Compass Crypto Market Index.
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The department said it would provide more details in a supplemental report in 30 days, as required under the Federal Information Security Modernization Act.
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The Fifth Circuit said Tornado Cash’s smart contracts are unable to be changed or removed and can be used by anyone — including sanctioned North Korean hackers — while the creators “would be powerless to stop them,” adding:
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On Dec. 12, Florida-based Byte Federal submitted a filing with Maine’s attorney general, reporting a security breach resulting in unauthorized access to its clients’ personal data.
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Opponents, however, warn against the inherent centralization that might develop due to the relatively high costs of deploying, building and operating extraplanetary mining facilities.
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The idea of mining cryptocurrency in space has been discussed at length for years within the cryptocurrency community. Proponents often point out that mining operations in space could take advantage of unlimited solar energy and would leave no carbon footprint on Earth.
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According to Todd, it’s not only possible to mine cryptocurrency in space using current technology but also potentially economically feasible if the cost of sending cargo into space can be reduced.
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Canadian computer scientist Peter Todd, a Bitcoin Core developer, recently penned a blog post describing the feasibility of building Bitcoin mining facilities in the vacuum of space.
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Cozying up to the crypto community’s entrepreneurs, upper management and independently wealthy could serve as a bullish indicator for cross-industry collaboration going forward.
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While it doesn’t quite offer the yachts and Lamborghinis lifestyle espoused by some of the crypto world’s popular influencers, Virgin’s Annual Pass comes with double-occupancy access to a “Sea Terrace cabin” with a private balcony and extras such as laundry service, internet access and a $100 bar tab per voyage.
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Numerous organizations in the travel industry have explored cryptocurrency and blockchain transactions for products and services, but Virgin Group’s implementation through its cruise line venture has the potential to grab the attention of crypto whales — those with enough digital asset holdings to afford a single-push expenditure in the six-figure range.
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