Category: crypto

Economist Timothy Peterson predicts that Bitcoin has an 88% chance of trading higher in the next 10 months, with a potential price near $122,000. This analysis is based on a cycle metric that tracks positive months over the past 24 months. The outlook has received mixed reactions from users.

Benchmark has reduced its price target for Metaplanet due to losses driven by Bitcoin declines, despite increased Bitcoin income. Metaplanet’s revenue and profit improved from bitcoin-related services, but the company reported a net loss. The potential for growth remains, but challenges include price volatility and shareholder dilution.

An autonomous crypto trading bot mistakenly transferred its entire holdings of over 52 million tokens to a social media user after misinterpreting a small donation request. The recipient quickly sold the assets, causing price drops and losses. The incident sparked debate on the safety of AI-controlled wallets and highlighted risks in combining AI with decentralized…

Bitdeer Technologies Group has sold all of its weekly production of 189.8 BTC, reducing its Bitcoin holdings to zero amidst Bitcoin’s price dropping to around $65,000. This move reflects a defensive treasury strategy as mining companies face profitability challenges due to market pressure and volatility.

OpenClaw creator Peter Steinberger has enforced a ban on all mentions of cryptocurrencies on the project’s Discord server following a scam involving a Solana-based token called $CLAWD. A user was blocked for referencing Bitcoin block height in a technical context, prompting Steinberger to defend the no-crypto policy. The ban applies to all cryptocurrency references, not…

Elliptic’s report reveals that crypto exchanges with ties to Russia are helping the country bypass international sanctions. Exchanges like Bitpapa and ABCeX use wallet rotation and P2P trades to obscure sanctioned flows. Exmo claims to have left the Russian market but shares wallet infrastructure, allowing funds to mix between platforms.

IoTeX reported a hack with losses of $2 million, disputing estimates of $4.3 million. The attacker drained assets including USDC, USDT, IOTX, PAYG, WBTC, and BUSD, swapping them for ETH and minting 111 million CIOTEX tokens. The chain was paused for security upgrades, with operations expected to resume in 24-48 hours. Exchanges and law enforcement…

Ethereum co-founder Vitalik Buterin believes that the core problem with decentralized autonomous organizations and democratic governance systems is limited human attention. He suggests using personal AI agents to vote based on user preferences, implementing suggestion markets, and using privacy-preserving multi-party computation for sensitive decisions. Buterin argues that good decisions require aggregating collective information before allowing…

Tether has decided to discontinue support for its offshore yuan stablecoin CNH₮ due to low demand and limited community adoption. The company will stop minting CNH₮ immediately, with redemption support ending in one year. Tether will focus on USDT and other stablecoin infrastructure with high adoption rates.

Bitcoin critic Peter Schiff warned that a drop below $50,000 could lead to a steep decline to $20,000, advising investors to sell. Despite backlash, Schiff argued that factors like leverage and institutional ownership make this downturn riskier. Critics point to his history of bearish calls, while supporters emphasize Bitcoin’s value proposition.