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Swiss National Bank chief warns country is more vulnerable to US trade conflict
Swiss National Bank (SNB) President Martin Schlegel has warned that the country will be hit harder than most by the escalating trade war between the US and the rest of the world. In a speech on Friday at the Swiss National Bank’s annual shareholder meeting in the Swiss capital, Schlegel stated that t he situation is uncertain for all countries involved. However , he noted that as a small and open economy, Switzerland is especially hit hard by the effects of protectionism. He added that the environment poses a significant challenge for monetary policy. He explicitly cited new trade actions and tariffs recently implemented by the US administration that have roiled markets worldwide. Those tensions, he said, are forcing countries to rethink trade routes and economic alliances. The Swiss government has already withdrawn its annual economic forecast, saying there was too much uncertainty because of these tensions. Schlegel also noted that the lasting implications of global fragmentation — the degree to which countries would follow their own national interests and retreat from cooperative global systems — are hazy. SNB cuts interest rate as inflation falls Last week, the Swiss National Bank lowered its main interest rate by 0.25% to combat the business risks. This decision was made to support price stability and growth. Several economists now believe the central bank will go even bigger. Some predict the SNB could lower its policy rate to zero at its June policy review should the economic picture darken. The strong franc is one of the biggest concerns for the SNB. With investors rushing toward safe assets amid global anxiety, the franc has been getting stronger — and that is a problem. A stronger franc makes Swiss exports more expensive, can damage businesses, and cause lower inflation or even deflation. Schlegel also gave public reassurance that the SNB is prepared to take action. But he emphasized that the aim is to keep monetary conditions stable — not to target any specific exchange rate. This cautious tone reflects Switzerland’s declining inflation. The rate dipped to 0.3% in February from 0.7% in November as electricity prices fell. Shareholders voice climate concerns As the SNB convened for their meeting earlier today in Bern, the economy certainly took center stage. Still, shareholders made it clear that they also have a strong opinion about the SNB’s climate policy. Climate activists protesting outside the meeting in Madrid had also gathered on Saturday. A bout 20 people gathered at 9:30 a.m. local time, holding up placards of Schlegel’s face and the slogan “burn, baby, burn“ to protest the SNB‘s alleged inaction on climate change. The Climate Seniors Switzerland group’s Anne-Käthi Zweidler was among the most outspoken protesters on the board. She asked whether the SNB was truly acting in the country’s interests by investing billions in companies driving climate change. Schlegel said the SNB’s primary concern is the maintenance of price stability. He said the bank doesn’t establish environmental targets for its investments because they aren’t requirements under its legal mandate. He added that the SNB would work to reduce emissions from its operations to net zero but must keep its eye on the central bank’s mothership of monetary policy above all. This response, however, didn’t cut it for the activists. A handful of protesters chanted slogans like “burn, baby, burn” outside the venue in protest of what they saw as inaction on climate change. Shareholders and critics have expressed frustration over the SNB’s modest dividend payouts. With a target range of just 1% to 2%, the rate is considered low for a central bank, suggesting that the SNB’s balance sheet is more flexible than its peers when measured against GDP. Despite generating nearly 16 billion francs in distributable profit last year, the SNB paid out only 1.5 million francs in dividends. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Cryptopolitan 2025-04-25 20:00
If Trump fired Powell, what would happen to crypto?
Recent months have seen the ebb and flow of a certain pattern: US President Donald Trump will take some objectively harmful action to the US economy, and the markets will crash. Seeing this, Trump has turned to Jerome Powell, chair of the Federal Reserve, and now demands he lower the Fed Funds Rate — the rate at which the Fed lends money to banks. And the steely eyed Powell will say “No.” Trump wants to lower rates because doing so is an effective cash injection into the United States economy, stimulating activity and lifting the market. This, he believes, will make him appear successful. Powell wants to follow rigorous economic standards to set rates to carefully balance the Fed’s dual mandates of maximizing employment and maintaining stable prices. He also wants to maintain the Fed’s independence from political pressure and, crucially, maintain the Fed’s appearance of independence from political pressure. If the markets believe that the central bank’s independence has failed in the US, it may become more difficult to sell US Treasury Bills, the United States’ sovereign debt. That is a problem in the fundamental sense that the US will have to pay more to borrow money, making it poorer — but it is an especially acute problem now because the US already has an enormous, $30-trillion pile of debt which it has to periodically refinance. If it is forced to refinance at higher rates because markets do not trust the US government anymore, then an ever greater percentage of GDP will be absorbed by the cost of interest, and, as the kids say, the United States will be cooked. That dance takes us to now. Last week, Trump repeatedly intimated that he would like to fire Powell, and the market didn’t like it. On Monday, Trump provoked a crash by calling Powell a “major loser” on Truth Social. In response, Treasury Secretary Scott Bessent has reportedly voiced concerns with the risks of firing Powell to Trump, who seems, for now, to have acquiesced, stating Tuesday that he would not fire his Fed chair. Trump and Powell in 2017. Source: Trouw Still, this process feels more like a spiral than anything else, and many market watchers are waiting for the next shoe to drop. That forces the question: if Trump does go through with his base instincts and axes Powell, what will be the result? In particular, what effect will this have on the cryptocurrency industry? Cracking the Fed It bears mentioning that the President is not supposed to be able to fire the Fed chair at will. Section 10 of the Federal Reserve Act of 1913 states that “each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.” This language may appear ambiguous, but in the 1935 case Humphrey's Executor v. United States , the Supreme Court ruled that the Constitution does not give the President an “illimitable power of removal” and so the President’s removal power is limited by statutory language. This decision ratified the concept of “independent agencies,” which reside within the executive branch, but have independent authority. While a number of agencies have this characteristic, including the SEC, the CFTC, and the FTC, the Fed is the most important. Related: US gov’t actions give clue about upcoming crypto regulation Economists do not think much about the political control of central banks. Politicians have relatively short-term incentives, thinking in years or election cycles. This inherently pushes them to prefer short-termist policies, of which hot cash injections are the purest form. However, fiscal and monetary policy are delicate arts that often animate painful policy choices. In a classic example, Richard Nixon pressured then-Fed chair Arthur Burns to pursue expansionary monetary policy in the lead up to the 1972 election, believing that it would help his reelection odds. Nixon won that election in a landslide, but soon followed catastrophic “stagflation” that crippled the United States economy for a decade, and indeed may still be felt in the industries which hollowed out during that period. Contrast this with the policies of Paul Volcker, who, after this devastating period of stagflation, implemented a vicious series of rate increases between 1979 and 1987, which caused the “ Volcker Shocks ”, a series of painful recessions. However, the effect of this policy was to eventually strangle inflation and herald in the boom times of the 90s, facilitating Bill Clinton’s remarkable fiscal policy. No politician could have made these choices, none will in the future, and that is the rub. Economists — and, crucially, markets — believe deeply that the Fed must remain independent or else the entire economic fabric of American society risks collapse. This is no hyperbole — nations with politically controlled central banks like Weimar Germany, Peronist Argentina and Venezuela have experienced such crippling hyperinflation that it led variously to multigenerational geopolitical backsliding , reports of citizens starving and eating rats, and the rise of Adolph Hitler . This is serious stuff. To fire Powell, Trump will first have to defeat the Humphrey's Executor precedent, a prospect that many legal scholars believe likely in light of the current Supreme Court composition. This is a Rubicon which, once crossed, marks a point of no return. Not just Trump, but every President who follows will have plenary legal authority to direct all executive officers — Fed Chair included — at their will. Most believe this will lead to ruin. But disaster or no, it will be a test for cryptocurrency. The original Bitcoin White Paper aimed to disintermediate financial transactions from “financial institutions serving as trusted third parties.” If the Fed falls, and US monetary policy is unmoored from sound judgment, the thesis of cryptocurrency’s early years will be put in stark relief. As Trump has provoked capital flight in recent weeks, investors have sought safety in various assets. Traditionally, any time there was a crisis, sophisticated parties fled risk assets into US Treasurys. The thinking was that these were riskless assets. Well, those days may be done. Ten year bond yields approached 5% during the peak of the Tariff Crisis and have not yet fully returned to previous lows. If Trump breaks the Fed, these outflows will be a drop in a bucket in a river, and that money may move into cryptocurrencies. Trump admonishes Powell, referred to here as “Mr. Too Late.” Source: Trump Historically, the price of Bitcoin has tightly tracked the Nasdaq (albeit with a multiplier). However, since the Tariff Crisis, while US securities prices have remained largely depressed, Bitcoin has miraculously begun to pump. This has led some to speculate that we are witnessing the long-prophesied “decoupling”, wherein crypto-assets will fulfill their original purpose and move independently from centralized assets. It is impossible to say if this will or will not happen, but if Trump gives Powell the boot, we will find out for sure. Out of the frying pan, and into the fire Of course, world-historical collapse can’t be all good for crypto, and there will be significant pain across a variety of surfaces from this crisis as well. In the first instance, stablecoins will feel dire consequences almost immediately. In the last decade, two USD-denominated stablecoins — USDC and USDT — have dominated the market. Their issuers, Circle and Tether, are both important systemic institutions and major buyers of US Treasurys, which collateralize the majority of their stablecoin obligations. An immediate result of a Fed Crisis could be a Treasury default. The economist Noah Smith has speculated that Trump might try to write down the US’s sovereign debt: “I suspect Trump will do something more like what he used to do as a businessman when his debt went bad — look for a cheap bailout, and if one doesn’t emerge, declare bankruptcy.” Indeed, the President has hinted darkly at this prospect himself, in February suggesting that they might rely on pretense to mark the bills down: "There could be a problem - you've been reading about that, with Treasuries and that could be an interesting problem…It could be that a lot of those things don't count. In other words, that some of that stuff that we're finding is very fraudulent, therefore maybe we have less debt than we thought.” Related: Atkins becomes next SEC chair: What’s next for the crypto industry A sovereign default would immediately affect Circle and Tether by marking down the value of their collateral. This, in turn, could leave the stablecoins undercollateralized , which might provoke a bank run. The markets may ultimately stabilize, but events could easily turn the other way, leading to collapse of major stablecoins. This in turn would have numerous second-order effects, as smart contracts holding stables as collateral began liquidating positions, and contagion swept the rest of the market. Interestingly, these mechanical consequences may be less dire than the political costs of a Fed Crisis, because treasuries are not the only asset that has systemic importance to crypto. The US dollar has been the world's reserve currency for many, many years. There are lots of good reasons for this; it is relatively strong and stable, so it is good to settle trade with. But if the government backing it ceases to be strong and stable, this paradigm will likely shift. And as more trade is executed in euro or yuan-denominated accounts, regulators in the EU and China will, in turn, have much more control of the flows of fiat currency through cryptocurrency. One prominent cryptocurrency attorney, who chose not to be named for fear of political reprisal, speculated exactly this: “I think China will fill a lot of the void and EU will fill most of the rest. Neither would be good for crypto generally between CCP and EU over-regulating in different ways for different goals. This seems bad.” This might prompt flight to uncollateralized crypto-primitive assets, but there is essentially no precedent for such assets being used at scale for real-world transactions. It is just as likely that a stablecoin crisis could simply kneecap the industry for years as it is catching its stride. Ultimately, nobody knows whether Trump will fire Powell, or even if he can. Nobody knows what consequences might flow downstream from his decisions. But if a butterfly flapping its wings in Argentina can cause a tornado in Prague, then Donald Trump muttering incantations in the West Wing might vindicate or destabilize the blockchain forever. Like it or not, we’re all along for the ride. Magazine: UK’s Orwellian AI murder prediction system, will AI take your job? AI Eye

CoinTelegraph 2025-04-25 20:00
Cardano (ADA) Set to Launch Stablecoin Staking
The Cardano ecosystem is preparing to enter a new chapter in decentralized finance as it moves closer to launching stablecoin staking through an innovative protocol known as Minataur. According to a recent update from Mintern , a well-followed voice on X, this development will allow Cardano users to stake stablecoins within the network—a feature that aims to combine the benefits of decentralized finance (DeFi) with reduced volatility and risk. A Groundbreaking Shift in Cardano’s DeFi Landscape Stablecoin staking has long been viewed as a milestone for blockchain ecosystems striving to offer safer yield-generating mechanisms. With Minataur, Cardano is stepping into this territory by enabling users to earn passive income with minimized exposure to price fluctuations—an issue that has traditionally deterred conservative investors from participating in DeFi protocols. BREAKING NEWS: CARDANO TO LAUNCH STABLECOIN STAKING VIA MINATAUR @IOHK_Charles says Cardano stablecoin staking will be possible via Minataur introducing a lower-volatility method of earning yield within the Cardano ecosystem. Could this be the safest way to earn on… pic.twitter.com/dt2slurxf6 — Mintern (@MinswapIntern) April 24, 2025 Charles Hoskinson, the CEO of Input Output Global (IOG), the primary development arm behind Cardano, confirmed that Minataur will facilitate staking mechanisms for stablecoins on the network. This marks a significant evolution in Cardano’s utility, especially as it continues to build infrastructure that supports both scalability and usability across multiple financial use cases. Yield Without the Volatility? Unlike traditional staking, which often involves volatile native assets like ADA, stablecoin staking offers the opportunity to earn returns without the fear of sharp market swings. This makes it especially appealing to risk-averse users and institutional participants looking to park digital capital more predictably. With this innovation, Minataur is positioning itself to become Cardano’s flagship yield-generating platform, delivering what may become the safest method of earning within the ecosystem. While specific technical details on how Minataur achieves its low-volatility staking remain forthcoming, the structure is expected to include automated liquidity management, robust collateral mechanisms, and seamless interoperability with Cardano’s broader DeFi architecture. This would align well with Cardano’s commitment to long-term sustainability, decentralized governance, and methodical, peer-reviewed development. A Timely Innovation Amid Market Maturation The introduction of stablecoin staking comes at a crucial time for Cardano. After years of infrastructure development, including the rollout of smart contracts via Alonzo and scalability enhancements through Hydra, the ecosystem is now poised to deliver user-centric applications that can bridge the gap between everyday investors and blockchain finance. Cardano has often been criticized for being slow to implement features compared to faster-moving competitors. However, the launch of Minataur’s staking solution appears to reflect the project’s maturing focus, prioritizing quality, safety, and real-world use cases over speculative hype. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Institutional and Retail Appeal With stablecoin staking set to go live, both institutional and retail investors may find renewed interest in Cardano’s DeFi offerings. Institutions that require predictability and risk mitigation can now explore staking without the headache of price volatility, while retail users can gain passive income without constantly monitoring market conditions. Moreover, the broader Cardano community has long championed financial inclusion and transparency. Minataur’s model of stablecoin staking aligns with these values, offering a democratic, accessible, and secure means of earning yield. Looking Ahead The launch of stablecoin staking via Minataur may prove to be a defining moment in Cardano’s trajectory. It reflects not only a technological evolution but also a deepening of its economic vision, creating tools that are both profitable and pragmatic. As noted by Mintern on X, this could very well become the safest yield opportunity available within the Cardano ecosystem to date. As the feature rolls out and more details emerge, all eyes will be on how this novel staking mechanism integrates with existing infrastructure, impacts ADA’s utility, and shapes the future of DeFi on one of the industry’s most scientifically grounded blockchains. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Cardano (ADA) Set to Launch Stablecoin Staking appeared first on Times Tabloid .

TimesTabloid 2025-04-25 19:56
Derivatives Giant CME Group to Launch XRP Futures Next Month
CME Group is launching new futures contracts based on the payments altcoin XRP . The derivatives marketplace giant says in a new announcement that it will be rolling out a micro-sized XRP-based futures contract worth 2,500 XRP and a larger-sized one worth 50,000 XRP. The launch date is scheduled for May 19th, but the firm notes both contracts are still pending regulatory review. Giovanni Vicioso, CME’s global head of crypto products, says the new product rollout is due to burgeoning client demand for regulated products based on digital assets. “Interest in XRP and its underlying ledger (XRPL) has steadily increased as institutional and retail adoption for the network grows, and we are pleased to launch these new futures contracts to provide a capital-efficient toolset to support clients’ investment and hedging strategies.” CME Group first launched Bitcoin ( BTC ) futures in 2020 and Ethereum ( ETH ) futures in 2022, and in March, the marketplace added Solana ( SOL )-based contracts. The financial services firm’s futures products started rolling out on the retail trading giant Robinhood in January. XRP is trading at $2.19 at time of writing. The fourth-ranked crypto asset by market cap is down more than 1.5% in the past 24 hours but is up nearly 6% in the past week. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Derivatives Giant CME Group to Launch XRP Futures Next Month appeared first on The Daily Hodl .

The Daily Hodl 2025-04-25 19:55
Bitcoin Surpasses $95,000 as Market Rebounds Amid Increased Investor Interest and ETF Inflows
Bitcoin has reached a remarkable milestone, soaring above $95,000 per coin for the first time in two months, marking a significant recovery for the cryptocurrency. This rally aligns with a

CoinOtag 2025-04-25 19:55
Confusion Surrounds Trade Talks as Cryptocurrency Prices Surge
Cryptocurrency prices have surged amidst confusing trade war statements. Trump claims multiple trade agreements have been finalized, boosting market optimism. Continue Reading: Confusion Surrounds Trade Talks as Cryptocurrency Prices Surge The post Confusion Surrounds Trade Talks as Cryptocurrency Prices Surge appeared first on COINTURK NEWS .

CoinTurk News 2025-04-25 19:51
Bitcoin Tops $95K for the First Time in Months as Stocks Remain Flat
Bitcoin soared above $95,000 per coin on Friday morning—the first time it has topped that mark in two months.

Decrypt 2025-04-25 19:49
RockawayX, Backer of Solana, Secures $125 Million for Second Crypto Venture Fund 💰Coin: Solana ( $SOL ) $152.61
RockawayX, Backer of Solana, Secures $125 Million for Second Crypto Venture Fund 💰Coin: Solana ( $SOL ) $152.61

CoinOtag 2025-04-25 19:46
TON Announces End of Cross-Chain Bridging to Ethereum and BNB Chain Starting May 10, 2025
COINOTAG News reports that as of April 26, 2023, the TON Network has unveiled a significant update regarding its cross-chain operations. Effective from May 10, 2025, users will face limitations,

CoinOtag 2025-04-25 19:45
Ethereum to Quadruple Gas Limit in Fusaka Upgrade: Report
Ethereum developers propose raising the gas limit to 150 million for the Fusaka hard fork. Fusaka hard fork aims to scale Ethereum without adding new features, launching in late 2025. Gas limit increase could boost scalability, but may cause client issues to address. Ethereum’s developers are proposing a quadruple increase in the gas limit as part of the Fusaka upgrade. They plan to implement a test that would raise Ethereum’s gas limit to 150 million by the Fusaka hard fork. This proposal is outlined in Ethereum Improvement Proposal (EIP) 9678, introduced by Sophia Gold from the Ethereum Foundation’s protocol support team on April 23, 2025. Another week, another busy ACD Pectra is ready to go, some turbulence around EOF, but strong confidence around shipping PeerDAS and raising the L1 gas limit https://t.co/uXo6S6YmVb — timbeiko.eth (@TimBeiko) April 24, 2025 The rationale behind this proposal to increase the gas limit is to enhance Ethereum’s Layer 1 execution capacity without requiring the addition of new features to the Ethereum platform. The move was proposed during the recent All Core Devs Execution (ACDE) meeting. The gas limit would be introd… The post Ethereum to Quadruple Gas Limit in Fusaka Upgrade: Report appeared first on Coin Edition .

Coin Edition 2025-04-25 19:45
Nigerian court green lights arrest for six CBEX promoters — Report
A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange. According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and detention of six people who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors out of 1 billion naira, or roughly $620,000. The suspects in the cases did not appear to have been arrested at the time of publication. “[The defendants used] their company ST Technologies International Limited, promoted another company Crypto Bridge Exchange by making adverts, and lured unsuspecting members of the public to invest cryptocurrencies on the CBEX investment platform,” the EFCC reportedly said in its motion for the arrest. The legal case marked another instance of Nigeria cracking down on representatives of crypto exchanges in the country. In February 2024, Nigerian authorities detained and arrested two Binance executives who were visiting to discuss the exchange’s activities. Related: Nigeria still open to crypto business despite rocky past: Report In April, many CBEX users began reporting that they could not withdraw their funds from the exchange, resulting in online outrage that led to real-world violence. A group of investors stormed CBEX’s local office in Ibadan, looting items like the air conditioning unit in an apparent attempt to recuperate some of their losses. The case against Binance is still on The Nigerian case against Binance, in which a US citizen, Tigran Gambaryan, was detained and whose health reportedly deteriorated as he waited in prison, drew criticism from many in the crypto industry and US lawmakers. He was held for eight months on tax and money laundering charges before being released to US custody. Nigeria’s tax evasion case against Binance continues to move forward after Gambaryan’s release, though the exchange has no office in the country. Cointelegraph reached out to a representative from Nigeria’s Ministry of Information for comment but did not receive a response at the time of publication. Magazine: Financial nihilism in crypto is over — It’s time to dream big again

CoinTelegraph 2025-04-25 19:42
Arkansas Town Blocks Crypto Mining as Pollution Fears Spur Nationwide Crackdown
Key Takeaways: Vilonia rejects crypto mining to protect community health. Arkansas tightens crypto mining rules amid statewide backlash. Studies link crypto mining to pollution harming 1.9 million Americans. On April 25, Vilonia’s planning commission rejected a cryptocurrency mining facility proposal. Residents had protested for weeks, arguing the operation would bring unbearable noise, drain local energy supplies, and harm the environment. Could Arkansas Spark a Nationwide Crypto Mining Crackdown? Residents cautioned that the steady hum of cooling fans and surging energy needs threaten to erode the town’s calm and drive up utility bills. One of the residents stressed that they had moved to the city seeking peace rather than Bitcoin. Vilonia, an affluent Arkansas town, boasts a median household income exceeding $80,000 (2023), well above the state average. Its high homeownership rates and growing population reflect a thriving community. However, the town’s energy infrastructure has put the community on the map. Bitcoin miners are eyeing the town thanks to its proximity to an Entergy substation and surplus energy capacity. For an industry hungry for power, Vilonia’s grid is a goldmine. The latest mining rejection continues Vilonia’s firm stance against crypto mining . In 2023, commissioners denied Vilo AR’s permit to establish a crypto mining facility in the town. This isn’t just small-town resistance. It’s part of a growing statewide crackdown. State lawmakers have also moved to rein in crypto mining. Arkansas lawmakers passed two bills in 2024, tightening restrictions on crypto mining operations. Legislators also introduced a measure to ban mining facilities within 30 miles of military bases. However, the Senate’s City, County, and Local Affairs Committee later shelved it. The backlash stretches far beyond Arkansas. From Texas to Pennsylvania, communities are pushing back against what they see as industrial intrusions. In Granbury, Texas, residents took their fight to court last October, suing Marathon Digital over what they claim are health impacts from nonstop mining noise. Their lawsuit details complaints ranging from chronic headaches to hearing damage, putting numbers to the human cost of 24/7 operations. This led to the passing of a Public Utilities Commission of Texas (PUCT) rule in November 2024 requiring Bitcoin miners on the Energy Reliability Council of Texas (ERCOT) grid to register facilities within one working day, disclose locations, ownership, power demands, and renew registration annually by March 1. As Vilonia reaffirms its no-mining policy, crypto ventures will likely seek locations with fewer community and regulatory hurdles. Can Federal Rules Stop Crypto Mining Pollution From Spilling Across State Lines? The health and environmental fears of industrial Bitcoin mining have intensified after a peer-reviewed study in Nature Communications revealed that U.S. mining sites emit harmful fine particulate matter (PM2.5) across state lines, exposing 1.9 million Americans to elevated pollution levels. JUST IN: HARVARD-LED STUDY REVEALS BITCOIN MINING SPREADS FOSSIL-FUELED AIR POLLUTION ACROSS U.S. STATES, IMPACTING OVER 1.9M PEOPLE — Coinwaft (@coinwaft) April 14, 2025 Researchers led by Dr. Francesca Dominici analyzed the top 34 mining facilities from August 2022 to July 2023. They found that the facilities consumed 32.3 terawatt-hours of electricity, 33% more than the city of Los Angeles, with 85% derived from fossil fuels. Exposure hotspots span New York City, the Houston–Austin corridor, northeast Texas, and the Illinois–Kentucky border. In Metropolis, Illinois, residents inhale PM2.5 from a Kentucky power plant powering a North Carolina Bitcoin mine. This cross-border pollution exposes a regulatory blind spot since state agencies can’t curb emissions originating elsewhere. Authors recommend that the EPA enforce a “Good Neighbor” rule to compel upwind states to tighten power-plant controls. Legal and policy actions accompany these issues. In March 2024, Save Carbon County sued Stronghold Digital Mining under Pennsylvania’s constitutional right to a clean environment over waste-coal and tire-burning operations for electricity generation . Globally, the IMF reported in August 2024 that cryptocurrency mining consumes 2% of total electricity and proposed an 85% tax on mining power to raise $5.2 billion annually. How Tariff Policies Threaten U.S. Bitcoin Mining Expansion Environmental worries and local restrictions aren’t the only challenges facing the U.S. crypto mining sector. American firms, responsible for over 40% of the global hash rate as of 2024 , could face hefty tariffs on imported rigs. The tariffs that matter for BTC miners: 36% on Thailand, 32% on Indonesia, and 24% on Malaysia. @AsILayHodling , @bc1matt , and @ethan_vera break down how Trump’s tariffs will impact bitcoin miners on the latest @theminingpod . pic.twitter.com/tIb8AMyoT9 — The Mining Pod (@theMiningPod) April 5, 2025 Under President Trump’s trade policy, Bitcoin-mining machines from Thailand, Malaysia, and Indonesia may face up to 36% in tariffs, though a temporary 90-day reprieve has kept duties at 10% for now. Since the tariff announcement on April 2, a mining-firm index has dropped 12%, outpacing the S&P 500’s 8% decline. Companies are rushing to import equipment before the July deadline, while some, like Synteq Digital, scout overseas sites. Compass Mining remains committed to U.S. expansion but calls for swift tariff clarity. This uncertainty threatens billions in investment needed to sustain and grow domestic Bitcoin-mining infrastructure. Frequently Asked Questions (FAQs) Will mining companies target poorer towns if banned elsewhere? Yes. With affluent towns like Vilonia rejecting mines, companies may target low-income or rural areas with weaker regulations, exacerbating energy poverty and environmental injustice. Would home-based mining solve noise and pollution fights? Small-scale mining may reduce noise/pollution concerns, but residential energy use could still strain local grids, leading to hidden costs or future crackdowns on household operations. The post Arkansas Town Blocks Crypto Mining as Pollution Fears Spur Nationwide Crackdown appeared first on Cryptonews .

cryptonews 2025-04-25 19:41

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