Bitcoin Dives, $80K Breakout in Jeopardy

Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $82,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $83,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Dips Sharply…

Indonesia Introduces Bullion Banking to Stabilize Foreign Exchange

The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help save the country’s foreign exchange.” Indonesia Launches Bullion Banking, Aims to Include Gold Savers Into the Country’s Formal System Indonesia is launching formal bullion-based banking, joining […] Source

SEC pushed DeFi execs to ‘never work in crypto again,’ says crypto VC

The US Securities and Exchange Commission, under former chair Gary Gensler, used settlements to pressure founders of decentralized finance platforms from ever working in the industry again, according to venture capital firm Founders Fund partner Joey Krug. “The thing people don’t really know about is that the government, in many cases, went to founders of DeFi protocols […] and basically told the founders you effectively have to do a settlement with us,” Krug said on stage at the ETHDenver conference on Feb. 27. “In many cases, they said you also…

Popular Crypto Wallet MetaMask Unveils New Roadmap

MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, shared a flurry of announcements on Thursday, aimed at improving its wallet’s user experience. Part of Metamask’s revamped roadmap includes adding smart contract capabilities to its current wallet. At the moment, MetaMask is an Externally Owned Account (EOA), a type of wallet that is controlled by a public and a private key. One of the main downfalls with EOAs is that it is subject to human error, meaning if you forget your private key, you lose your crypto holdings…

Deutsche Telekom subsidiary becomes a validator for Injective blockchain

A subsidiary of one of Europe’s largest telecommunications companies, Deutsche Telekom, has become a validator for layer-1 blockchain Injective.  Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, according to the Feb. 27 blog post from Injective.  Eric Chen, CEO of Injective, said the blockchain is “thrilled to have one of the world’s leading telecommunications companies” coming on board as a validator.  “This is yet another example of Web3 becoming more and more institutional and fully integrated into a…

Bitcoin Price Clings to $84K Ahead of High-Stakes Weekend

As twilight falls on Thursday, Feb. 27, 2025, bitcoin danced just above $84,000, its movements a meandering ballet ahead of Friday’s opening sessions. Traders braced for a weekend tango between $82,000 and $89,000 per BTC, set against a backdrop of macroeconomic suspense with the current Trump administration. Futures Expiry and Political Winds Fuel Speculation At […] Original

OpenAI’s GPT-4.5 ‘won’t crush benchmarks’ but might be a better friend

ChatGPT-maker OpenAI’s upcoming model could be as much as 20 times more costly than its predecessor but will be far more creative and “natural” in its conversational style, according to OpenAI and early testers.   OpenAI released a research preview of GPT-4.5 on Feb. 27, its most advanced AI model, which can recognize patterns, draw connections, and make creative insights without reasoning in a superior way to earlier versions, the company said. OpenAI said GPT-4.5’s broader knowledge base and improved “EQ” (emotional intelligence) make it more useful for creative tasks and…

Bitcoin Price (BTC) Slips to $83K as Nvidia (NVDA) Slips 5% Post-Earnings

The January bursting of a massive speculative bubble in memecoins by itself seemed good enough reason for the general crypto market selloff of the past several weeks. The declines sped up in a big way this week, though, in part thanks to growing risk-off sentiment in the previously perky stock market. Down more than 2% about 45 minutes before the close of trade on Thursday, the Nasdaq is now lower by roughly 7% over the past handful of sessions. Today’s losses are being led by the chipmakers following Nvidia’s (NVDA)…