Day: February 28, 2025

Hong Kong invests $125M in AI, expands Cyberport’s supercomputing power

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Hong Kong’s Cyberport, a government-backed business hub focused on Web3, blockchain and artificial intelligence, is ramping up its investment in emerging technologies to position the city as a global tech leader. On Feb. 27, Cyberport hosted the “AI Safety, Trust, and Responsibility” forum with international AI academic institutions to discuss AI governance, safety and responsible innovation initiatives. The Cyberport hub hosts over 270 blockchain technology-related enterprises and more than 350 startups specializing in AI and big data research and development. Hong Kong Cyberport hosts AI summit. Source: Cyberport A day…

When will Bitcoin price bottom?

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Bitcoin (BTC) is in danger of violating its old all-time highs from March 2024 as BTC price losses erase the entire “Trump pump.” Where could BTC/USD finally bottom? Cointelegraph takes a look at the most popular targets for crypto traders and analysts. BTC price fills key CME futures gap A key area on the radar for traders is the “gap” in CME Group’s Bitcoin futures markets that price created during its ascent to $100,000 and beyond. This lies at $78,000, and as of Feb. 28, BTC/USD has almost entirely “filled”…

Bitcoin needs ‘to find real organic buyers’ to resume uptrend — VC

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Bitcoin’s price will continue to experience volatility until genuine buyers start entering the market, rather than traders seeking arbitrage opportunities, according to a crypto venture capitalist. “This is a classic case of liquidity games. ETFs didn’t just bring in long-term holders — they brought in hedge funds running short-term arbitrage,” Master Ventures founder Kyle Chasse said in a Feb. 27 X post.  Hedge funds were pursuing “low-risk yields” on Bitcoin “For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” Chasse added.  He…

MetaMask to support BTC, SOL DeFi, eventually end gas fees in new roadmap

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Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a roadmap of updates for the year.  The Bitcoin network will be integrated sometime in the third quarter, while Solana will become the first non-Ethereum Virtual Machine chain that MetaMask supports in May, MetaMask’s Dan Finlay said in a Feb. 27 post. Gas-included swaps — allowing users to swap two tokens and by paying with the token they’re swapping — will soon be upgraded to allow users…

THORChain dev exits after failed bid to halt North Korean transactions

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A THORChain developer says he’s stepping away from the crypto protocol after a vote to block North Korean hacker-linked transactions was reverted — while another validator has also threatened to call it quits over the saga. “Effectively immediately, I will no longer be contributing to THORChain,” the crosschain swap protocol’s core developer, only known as “Pluto,” wrote in a Feb. 27 X post.  Pluto said they would remain available “as long as I am needed and to ensure an orderly hand-off of my responsibilities.” Pluto’s exit comes after THORChain validator…

Cardano (ADA) Under Pressure: Bears Target $0.50 Breakdown

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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…

Arizona crypto reserve bills inch closer to law after passing Senate

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Arizona’s Senate has advanced a Bitcoin reserve bill, bringing it to second place behind Utah in a race between US states to get a crypto investment bill approved.  The Arizona Senate passed the Strategic Digital Assets Reserve bill (SB 1373) on its third reading on Feb. 27 with a vote of 17 for and 12 against. It now advances to the state’s House. The bill, sponsored by Republican Senator Mark Finchem, would create a “Digital Assets Strategic Reserve Fund” administered by the state treasurer that would consist of money appropriated…

Bitcoin, crypto ‘dip buy hype’ is now at its highest level in 7 months

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Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000. Santiment’s social sentiment tracker found that traders’ discussions on various social media channels like X, Reddit and Telegram between Feb. 25 and 26 are “showing a very high level of confidence” that this dip is the “the one to buy,’” the platform said in a Feb. 28 post to X. It’s the highest level of crypto dip-buying interest in seven months, it added. …

XRP Price Wobbles at $2.00—Will Bulls Step In to Save The Week?

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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…

ETH Accelerates Losses Amid Market Turmoil

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Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and…