Category: crypto

Kevin O’Leary won a $2.8 million defamation judgment against crypto influencer Ben “BitBoy Crypto” Armstrong after he falsely accused O’Leary of murder in a 2019 boating accident cover-up. Armstrong failed to respond in court, resulting in default judgment. The damages awarded included $2 million in punitive damages.

Bitcoin price is currently at $68,500 ahead of Chinese New Year, a time historically associated with volatility in crypto markets. Some traders believe that Asian traders may sell off assets before the holiday, while others are optimistic due to retail users accumulating BTC and ETH. Technical analysis shows support at $65,000 and resistance at $72,000.

Aave is shifting towards financing real-world infrastructure like solar energy through tokenized assets. Founder Stani Kulechov believes this strategy will improve liquidity, lower required returns, and make projects more attractive. This move aims to create a new model for DeFi growth, focusing on productive assets and long-term value over speculative investments.

Hackers are sending fake letters impersonating Trezor and Ledger to steal cryptocurrency recovery phrases. The letters contain phishing QR codes that lead to malicious websites requesting recovery phrases. Hardware wallet companies never ask for recovery phrases. The phishing letters create urgency and pressure recipients to act quickly by threatening limited functionality.

Vitalik Buterin warns that prediction markets are focusing too much on short-term cryptocurrency and sports betting, leading to a decline in societal value. He suggests shifting towards hedging and real-world risk management, proposing personalized prediction baskets to replace fiat currency for stability. This would eliminate the current reliance on naive traders and create a more…

Virginia’s crypto ATM regulation bill has passed both state chambers and is now awaiting the governor’s signature. The bill includes licensing requirements, consumer protections, and transaction limits to prevent scams and protect users. A 48-hour hold on new users will help prevent fraud losses, with warnings on kiosks alerting users to potential risks. If signed,…

Ethereum ETFs saw $10.26 million in net inflows on February 13, breaking a two-day outflow streak. ETH price rose to $2,000. Bitcoin ETFs had modest $15 million inflows. Weekly ETH ETF flows were negative despite the rebound. Grayscale’s mini ETH trust led flows. Bitcoin ETFs also saw inflows after previous outflows.

Meme coin market cap reaches $34.5 billion with a 3.5% gain in 24 hours. Dogecoin leads the sector with a market cap of $16.3 billion, while Pump.fun sees the strongest 24-hour gains at 9.3%. Santiment notes a sentiment of the “end of the meme era” among traders, signaling potential contrarian opportunities.

ProCap Financial chairman Anthony Pompliano predicts that Bitcoin will benefit from a “monetary slingshot” as the Federal Reserve prints money to combat deflation. He sees Bitcoin gaining value after deflation triggers money printing, with gold leading for now but Bitcoin potentially winning in the post-deflation phase.

Bhutan has sold another 100 Bitcoin worth $6.7 million, marking its third consecutive week of Bitcoin transfers. The country holds around 5,600 BTC valued at $372 million, making it one of the largest sovereign Bitcoin holders. The sales are part of a gradual treasury management strategy, with structured deposits indicating ongoing activity.