Category: crypto

The U.S. Attorney’s Office for the Northern District of Ohio warns of a rise in romance scams targeting people through online relationships, including requests for cryptocurrency payments. Scammers build fake relationships before asking for money, often under the guise of emergencies or investments. Officials advise not to send money to online partners.

Binance founder CZ denies allegations that the exchange made over 60,000 BTC in profit by hedging client risk on BitMEX during the March 2020 crash. He calls the claim fake news and technically impossible. BitMEX and traders argue that the claim is unlikely due to operational constraints and lack of evidence.

Coinbase has launched Agentic Wallets, allowing AI agents to autonomously manage cryptocurrency without human approval. The wallets use the x402 protocol for machine-to-machine payments and support gasless trading on Coinbase’s Base network. Security features and compliance checks are included to balance autonomy with safety. This allows AI agents to hold funds, trade tokens, pay fees,…

Crypto trading firm BlockFills has paused client deposits and withdrawals due to challenging market and financial conditions. Trading is still allowed. Bitcoin’s price volatility prompted the move. The firm is working to restore liquidity, emphasizing transparency and providing updates. Clients can still trade on the platform while restrictions are in place.

The US Department of Justice fined Paxful $4 million for criminal conduct related to anti-money laundering checks. Paxful pleaded guilty to facilitating illegal transactions and moving $17 million in Bitcoin to illicit sites. The founders faced legal consequences, and the company permanently shut down due to compliance costs and legal issues.

Thailand has officially recognized cryptocurrencies like Bitcoin as underlying assets under the Derivatives Trading Act. The SEC will draft rules for crypto-linked derivatives and review licenses for exchanges and brokers. The amendments aim to promote market inclusiveness and allow investors to diversify their portfolios, including offering Bitcoin futures.

Bitwise CEO revealed that a wealth management client invested $11M in Bitcoin during the recent market correction, their first crypto purchase after two years. The client sees the market decline as an investment opportunity, indicating growing interest from institutional and high-net-worth investors in cryptocurrencies like Bitcoin.

Bitcoin’s on-chain loss metrics have reached levels similar to the 2022 Luna collapse, but at higher price points, indicating late-cycle capitulation rather than a systemic crash. The Net Realized Profit/Loss metric hit deeply negative territory on Feb. 7, signaling significant seller pressure and a flushing out of late bull-cycle entries.

Binance has converted its $1 billion SAFU Fund from stablecoins to Bitcoin, with a final purchase of 4,545 BTC bringing total holdings to 15,000 BTC. This move reflects a strategic shift towards using Bitcoin as a long-term reserve asset for user protection during extreme market events. Transaction details were disclosed, and the fund is now…

Cango Inc. sold $305M worth of Bitcoin to repay a loan, reduce leverage, and focus on AI infrastructure. The company plans to continue mining Bitcoin while expanding into AI computing services. The sale comes as competitors shift away from mining towards AI infrastructure due to tightening margins.