Day: March 1, 2025

Bitcoin isn’t a worthy reserve asset, Swiss central bank president says: Report

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Swiss National Bank (SNB) President Martin Schlegel reportedly doesn’t want to make Bitcoin a reserve asset in Switzerland — citing a lack of stability, liquidity concerns and security risks. Schlegel’s position opposes a proposal from Swiss Bitcoin nonprofit think tank 2B4CH and other Bitcoin advocates to constitutionally mandate SNB to hold Bitcoin (BTC) on its balance sheet. Schlegel first told Swiss local media outlet Tamedia that Bitcoin and other cryptocurrencies are too volatile, which isn’t conducive to maintaining the value of SNB’s investments. “Second, our reserves need to be highly…

XRP Breaking Barriers As Bullish Surge Targets $2.25 And Beyond

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Este artículo también está disponible en español. The crypto market is buzzing with excitement as XRP, one of the most resilient digital assets, stages a remarkable comeback. After navigating a challenging period marked by regulatory hurdles and market volatility, XRP is now breaking through key resistance levels with undeniable momentum. The spotlight is firmly fixed on the $2.25 mark, a critical barrier that could unlock the next chapter of XRP’s bullish journey. With technical indicators flashing green, institutional interest on the rise, and a broader crypto market recovery underway, XRP’s…

Ethereum Foundation officially announces new leadership

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The Ethereum Foundation has announced a new leadership structure consisting of two co-directors of the Foundation, Hsiao-Wei Wang — a core researcher at the Ethereum Foundation, and Tomasz Stańczak, the CEO of Nethermind — one of the largest execution clients on Ethereum. According to the March 1 announcement, Wang has seven years of experience as a researcher at the Ethereum Foundation, and Stańczak has proven leadership in scaling an organization from an early-stage project to a global company. Wang and Stańczak will assume their roles as co-directors of the Foundation…

Ethereum developer Danny Ryan joins Etherealize as co-founder

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Longtime Ethereum (ETH) developer Danny Ryan recently announced he is joining Etherealize — an organization responsible for marketing the Ethereum ecosystem to institutional investors — as a co-founder alongside Vivek Raman. Ryan said he would complement Raman’s focus on bridging the real world to Ethereum by bridging Ethereum back to the real world. The developer added: “This sits at the confluence of real adoption, commonsense regulation, ecosystem development, and critical R&D across L1, L2, and the application layer. We plan to become an active player across the Ethereum sphere.” The…

Vitalik Buterin joins calls to free crypto advocate Roger Ver

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Ethereum co-founder Vitalik Buterin has joined calls to free early crypto investor and entrepreneur Roger Ver, who is locked in a legal battle with the United States Department of Justice (DOJ) over alleged tax evasion and faces extradition to the US. Buterin reposted Silk Road founder Ross Ulbricht’s message calling for the prosecution against Ver to end and characterized the case as “absurd” and “politically motivated.” Buterin continued: “The US tax-by-citizenship and associated exit tax regime are extreme. The former is shared by almost no other countries in the world,…

Web2 is failing vertical farms — they need DePIN to survive

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Opinion by: Yog Shrusti, co-founder and CEO of Farmsent Foodies, take note: If you’re ever in Bahrain, try machboos, a chicken (mutton or fish) dish with rice. Ideally, go for a place that serves it with fresh, locally sourced rosemary (really brings out the flavor!), and while you’re at it, ponder on this: How do you grow rosemary on an archipelago of primarily arid isles where growing anything is a challenge? The answer is vertical farming, and if you’re wondering what that has to do with anything crypto, let me…

Bitcoin price risks correction to $72K as investor sentiment weakens

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Bitcoin may see a brief correction to the $72,000 support as an imminent market recovery remains limited by a lack of crypto investor sentiment, which has dropped to lows not seen since 2022. Bitcoin (BTC) price hit an over three-month low of $78,197 on Feb. 28, falling over 28% from its record high of over $109,000 reached on Jan. 20. Bitcoin may experience a deeper retracement toward the “low $70,000’s range as the market repositions,” according to Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo. BTC/USD, 1-day chart.…

From social experiment to retail ‘value extraction’ tools

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Memecoins, once seen as community-driven digital assets, are increasingly being used to exploit retail investors, with a growing number of scams and failed celebrity-backed tokens raising regulatory concerns. The $4 billion collapse of the Libra (LIBRA) token, which was endorsed by Argentine President Javier Milei, is the latest blow to the sector after eight insider wallets cashed out $107 million in liquidity, leading to a price decline of 94% within hours of its launch. The rise of memecoin-related scams presents significant regulatory challenges, according to Anastasija Plotnikova, co-founder and CEO…

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…

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 —…