Day: March 1, 2025

Trump to host first White House crypto summit on March 7

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US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system. The attendees will include “prominent founders, CEOs, and investors from the crypto industry,” along with members of the President’s Working Group on Digital Assets, according to an announcement shared by the White House “AI and crypto czar,” David Sacks, in a March 1 X post. The summit will be chaired by Sacks and administered…

Hubpay, Aquanow Launch Regulated Crypto Payments in UAE

Hubpay, a United Arab Emirates-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to launch a regulated cryptocurrency payments facility for businesses in the Middle East country. Collaboration Bolsters UAE’s Digital Asset Hub Ambition Hubpay, a United Arab Emirates (UAE)-based cross-border payments platform, has partnered with digital asset infrastructure provider Aquanow […] Source CryptoX Portal

Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned?

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Bitcoin’s price continues its decline, falling farther from its March all-time high of $109,000. Currently trading below $82,000, the cryptocurrency has experienced a significant 24.6% drop. Amid this bearish trend, CryptoQuant contributor EgyHash has highlighted a troubling development on Binance that could further pressure Bitcoin’s price. Bearish Sentiment Takes Hold EgyHash notes that Binance, one of the world’s largest crypto exchanges, is seeing a steady rise in key metrics that indicate growing sell-side activity. According to EgyHash, the 7-day moving average of mean coin inflows into Binance is increasing, signaling…

OpenAI Announces GPT-4.5: ‘A Giant, Expensive Model’

OpenAI CEO Sam Altman announced the release of GPT-4.5, the latest iteration of the company’s flagship artificial intelligence (AI) model. Altman warned that, while this was not a reasoning model and won’t crush benchmarks, it has improved on its previous version in the conversational department. “It is the first model that feels like talking to […] Source CryptoX Portal

Bitcoin Fills CME Gap Between $78,000 and $80,000

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Este artículo también está disponible en español. Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME gap since March 2024. At the time of writing, the leading cryptocurrency is trading in the low $80,000 range. Related Reading For the uninitiated, the CME gap refers…

Feds Take Down 73-Year-Old in $2.4M Crypto Conspiracy—Prison Time Looms

A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander converted illicit funds into cryptocurrency and funneled them to accounts controlled by domestic and foreign partners. To evade detection, they […] Source CryptoX Portal

Bitcoin, Altcoins Rebound As US Inflation Cools: Downtrend Over?

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Este artículo también está disponible en español. US inflation data has injected renewed optimism into the Bitcoin and broader cryptocurrency markets. In January, the Personal Consumption Expenditures (PCE) inflation—the Federal Reserve’s preferred measure—fell to 2.5%, precisely in line with expectations. Core PCE inflation was reported at 2.6%, also matching forecasts, marking the first decline in PCE inflation since September 2024. Bitcoin And Altcoins See Relief On Inflation Data The latest data confirms steady performance both year-over-year and month-over-month. Headline PCE remained at 2.5% YoY, while core PCE—revised from a previous…

U.S. Congressman to host Tigran Gambaryan at State of the Union address

Congressman French Hill is bringing Binance executive Tigran Gambaryan as his guest to the State of the Union address. Gambaryan spent eight months in a Nigerian prison on tax evasion and money laundering charges, which were later dropped. Gambaryan, a former IRS criminal investigator and Binance’s head of financial crime compliance, was detained in February 2024 while in Nigeria for meetings with government officials.  He was held in Kuje prison, where he developed a herniated disc and malaria. His detention prompted calls for his release from U.S. lawmakers and officials.…

Is Bitcoin Finding a Bottom? What The UTXO Data Is Telling Us

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

US judge tosses SEC fraud suit against Hex founder Richard Heart

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A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding investors of $12.1 million. Heart, whose real name is Richard Schueler, was also accused of spending those allegedly stolen funds on luxury items — including the world’s largest black diamond. However, Judge Carol Bagley Amon said those alleged deceptive acts couldn’t be decided on as the Securities and Exchange Commission failed to establish that the US had jurisdiction over Heart’s crypto activities —…