Crypto

Source: Coin Tegraph Bitcoin may struggle to move above $94,000 after its failed attempt to reclaim the price level two days ago, Bitfinex analysts say. “Any recovery to take the price back above $94,000 might face significant resistance,” Bitfinex analysts said in a March 3 markets report. Bitcoin (BTC) fell below $94,000 on March 2…

Source: Coin Tegraph Reddit co-founder Alexis Ohanian has confirmed he has joined Project Liberty’s bid to acquire TikTok’s US operations with the aim of bringing the platform onto a blockchain. Ohanian’s involvement was first reported by Reuters on March 3, with Project Liberty founder Frank McCourt announcing Ohanian would be joining as a strategic adviser…

Source: Coin Tegraph The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to…

Source: Bitcoinist Bybit’s CEO, Ben Zhou, has provided updates on the recovery of funds stolen during a major hack on the exchange. The incident, which occurred on February 21, involved approximately $1.4 billion worth of cryptocurrency, making it one of the largest hack on a centralized exchange in the crypto market. The attack, attributed to…

Source: Bitcoinist Data shows the Bitcoin trader sentiment has plunged back into the extreme fear zone as the asset’s price has erased its recent gains. Bitcoin Has Already Retraced The Crypto Reserve Hype Rally Bitcoin and the rest of the cryptocurrency market kicked off this new week on a very positive note as prices across…

Source: Bitcoinist According to a Bloomberg report published on March 4, Mexican billionaire Ricardo Salinas has up to 70% exposure to Bitcoin (BTC) and related investments. The Bloomberg Billionaires Index estimates Salinas’ current net worth at approximately $5.8 billion. Salinas’ High Bitcoin Exposure BTC continues to attract high-net-worth investors, with Mexican business tycoon Ricardo Salinas…

Source: Coin Tegraph El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector…

Source: Coin Tegraph The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.  Cumberland said…

Source: Bitcoinist Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul Grewal, Coinbase’s Chief Legal Officer (CLO), announced that the company had submitted…

Source: Coin Tegraph The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets.  Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans….