Category: crypto

Bitcoin’s price remains focused on critical levels, with $92,000 as key resistance and $70,000 as support. Glassnode’s report highlights strong confluence at these levels, shaping market outlook. Recent milestones include breakouts at $70,000 and $80,000. UTXO Realized Price Distribution shows many holders bought above $90,000, with volatility surging in recent weeks.

Reddit co-founder Alexis Ohanian has joined a bid led by Frank McCourt to acquire TikTok’s US operations. They plan to integrate blockchain technology into the platform to empower creators and users. Ohanian will serve as a strategic adviser, aiming to make TikTok a platform controlled by its community using distributed ledger technology.

President Trump is set to unveil a Bitcoin Reserve Strategy at the White House Crypto Summit on March 7. Commerce Secretary Howard Lutnick confirmed Trump’s interest in a Bitcoin Strategic Reserve and outlined plans for regulatory approaches for digital assets. Key industry figures like Michael Saylor and Brian Armstrong will attend the event.

Ethereum’s Pectra upgrade faced a setback on the Sepolia testnet due to a custom deposit contract issue, affecting EL clients and causing transaction disruptions. This delay comes after previous challenges on the Holesky testnet. The mainnet launch timeline for Pectra is now uncertain, impacting Ethereum’s future upgrades.

Phishing-related crypto losses decreased for the third consecutive month in February, with 7,442 victims losing $5.32 million, a 48% decline from January. Major attacks included address poisoning on the Ethereum network and permit-related exploits. Scammers are refining tactics, such as a Telegram-based scheme, to steal funds and access accounts.

The US Treasury Department has sanctioned an Iranian national, Behrouz Parsarad, for managing the Nemesis darknet marketplace. Authorities blacklisted 49 Bitcoin and Monero addresses linked to him. Parsarad profited from Nemesis by charging transaction fees, facilitating over $30 million in drug sales from 2021 to 2024. Despite Nemesis’ shutdown, Parsarad is reportedly planning to launch…

AlphaBitcoin’s perpetual futures experienced record volumes, surpassing fixed-expiry contracts due to increased volatility following a crypto announcement by Trump.

El Salvador’s President Nayib Bukele confirmed that the country will continue acquiring Bitcoin despite the IMF agreement. The country recently acquired more BTC, bringing its total holdings to 6,101 BTC. The IMF requires El Salvador to limit government involvement in BTC activities, including voluntary purchases. Community reactions are divided on the government’s commitment.

Beijing Internet Court ruled in favor of TRON founder Justin Sun in a defamation case against Beijing SINA Internet Information Service Co. Ltd. The court found allegations published by Sina to be false, ordering them to remove content, issue a public apology, and pay damages. This victory may improve Sun’s reputation and strengthen TRON’s credibility.

The IMF has approved a $1.4 billion arrangement for El Salvador under the Extended Fund Facility, following significant policy reforms including restrictions on the Bitcoin project. The agreement aims to stabilize the economy, with the government making Bitcoin acceptance voluntary and ensuring tax payments in U.S. dollars. President Bukele’s future Bitcoin initiatives remain uncertain.