Month: March 2025

Ex-girlfriend of crypto ‘Godfather’ pleads guilty to $2.6M tax charge

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Iris Ramaya Au, the former girlfriend of admitted crypto fraudster Adam Iza, dubbed “The Godfather,” has agreed to plead guilty to a federal criminal tax charge. Au pled guilty to a single count of giving a false tax return “for failing to report more than $2.6 million in ill-gotten gains she obtained via her then-boyfriend’s criminal activities,” the US Justice Department said in a March 5 statement. Her ex-boyfriend, Iza, pled guilty in January to his involvement in multiple illicit schemes from 2020 to 2024, including fraudulently obtaining Facebook and…

Ethereum Weekly RSI Drops To Lowest Level Since May 2022

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Este artículo también está disponible en español. Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of…

Bitcoin will ‘likely continue to consolidate’ in this pullback phase — Analyst

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Bitcoin’s latest pullback amid broader macroeconomic uncertainty may not see it rebound to its January $109,000 all-time high (ATH) as quickly as some hope, an analyst says. “We should assume that we are in the pullback phase after the ATH and will likely continue to consolidate for some time due to liquidity needs,” CryptoQuant contributor XBTManager said in a March 5 analyst note. Bitcoin long bids “viable” when long-term holders back to buying XBTManager said once short-term holders of Bitcoin (BTC) — those holding for under 155 days — start…

Ethereum’s Devconnect 2025 to Transform Buenos Aires into Blockchain Hub

Zach Anderson Mar 05, 2025 06:10 Devconnect 2025 will be held in Buenos Aires, Argentina, from November 17-22, aiming to boost Ethereum adoption and showcase blockchain innovations. Ethereum’s much-anticipated Devconnect 2025 is set to take place in Buenos Aires, Argentina, from November 17 to November 22. The event aims to further solidify Argentina’s position as a leading adopter of Ethereum technology, according to the Ethereum blog. Argentina’s Role in the Blockchain Ecosystem Argentina has emerged as a significant player in the blockchain…

Metaplanet stock jumps 19% as it buys the dip with 497 Bitcoin purchase

Japanese investment firm Metaplanet has bought another $44 million worth of Bitcoin, which has seen its stock jump by 19% on the day so far. Metaplanet CEO Simon Gerovich said in a March 5 X post that the firm bought 497 Bitcoin (BTC) at around $88,448 per coin for a total spend of $43.9 million. He added the company has achieved a year-to-date yield of 45%. The company’s March 5 disclosure said its latest purchase brings its total Bitcoin holdings to 2,888 BTC at an average purchase price of $84,240…

Dogecoin (DOGE) Attempts Rebound—Will Recovery Gain Momentum?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Mexican billionaire says he’s ‘all in’ on Bitcoin with 70% exposure

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Ricardo Salinas, founder and chairman of Mexican conglomerate Grupo Salinas, said 70% of his investment portfolio is now allocated to Bitcoin-related assets — up from 10% in 2020. Speaking with Bloomberg on March 4, Salinas said he’s “pretty much all in” on Bitcoin (BTC), while the remaining 30% of his investments are in gold and gold miners. “That’s it. I don’t have a single bond, and I don’t have any other stocks.” The 70% Bitcoin allocation presumably excludes shares that he holds in his company’s stock, Grupo Elektra SAB de…

$1 Billion Liquidated in 24 Hours as Bitcoin Drops Below $83,000

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The cryptocurrency market has experienced a sharp downturn, with Bitcoin’s price dropping below $83,000. This decline has led to a wave of liquidations totaling $1 billion over the past 24 hours, as leveraged traders faced significant losses amid the market correction. According to Coinglass, a total of 305,170 traders were liquidated during this period, reflecting the impact of Bitcoin’s latest decline in price on investor positions. Detailing The Total Liquidations The majority of liquidations came from long positions, where traders had bet on Bitcoin’s price increasing. As the market moved…

Bitwise Criticizes US Crypto Reserve for Including XRP, SOL, ADA

Bitwise’s executives have criticized the U.S. crypto reserve’s inclusion of ETH, XRP, SOL, and ADA, arguing bitcoin alone is a true reserve asset. Bitwise Reacts to Trump’s Crypto Reserve—Did Altcoins Just Weaken the Plan? Many leaders in the cryptocurrency industry, including executives at asset management firm Bitwise, have voiced their opinions on the U.S. crypto […] Source CryptoX Portal

XRP Bulls on Edge—Could the Downtrend Continue?

XRP price started a fresh decline below the $2.650 resistance. The price is now consolidating losses and might face resistance near the $2.550 zone. XRP price started a fresh decline below the $2.650 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it remains below the $2.550 resistance zone. XRP Price Faces Resistance XRP…