Author: dfmines

Key Takeaways: The Trump administration aims to acquire as much Bitcoin as possible for a Strategic Bitcoin Reserve. The White House has indicated support for legislation that would mandate the purchase of up to one million BTC. U.S. Treasury officials have begun discussions with crypto custody firms on safeguarding the reserve. A senior White House…
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Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile phase, and traders are watching closely for signs of strength or further downside risks. On-chain data highlights two key price levels for Ethereum’s immediate trajectory. $1,870 currently serves as its critical support; meanwhile, $2,050 is now its most challenging resistance, acting as a major barrier that ETH must reclaim to confirm a trend reversal. For now, Ethereum remains vulnerable, with uncertainty driving price action. If bulls fail to defend current support, ETH could see further declines, but a successful reclaim of resistance could spark renewed confidence in the market. The next few days will be crucial in determining ETH’s short-term direction. Ethereum Faces Critical Test As Bulls Struggle To Reclaim $2,000 Ethereum is at a crucial turning point, trading near its lowest level since October 2023 as bears maintain control. After weeks of selling pressure and uncertainty, bulls must reclaim the $2,000 mark as soon as possible to prevent further downside and restore market confidence. Related Reading: Solana Forms Classic Cup-And-Handle Pattern – Analyst Predicts A Breakout To $3,800 The broader macroeconomic landscape remains uncertain, with trade war fears and global financial instability weighing heavily on both crypto and US stock markets. These factors have set the stage for a potential deeper correction, leaving investors on edge. However, some analysts believe a market recovery is still possible in the coming months, particularly if Ethereum can regain key resistance levels. Top analyst Ali Martinez recently shared on-chain metrics, identifying $1,870 as Ethereum’s strongest support level. This means that if ETH breaks below this zone, a further decline could be imminent. On the upside, $2,050 is now Ethereum’s most challenging resistance, acting as a crucial barrier that bulls must overcome. If Ethereum successfully reclaims $2,050, it will signal a strong trend reversal, potentially setting the stage for a powerful recovery rally. The next few trading sessions will be critical, as ETH must either hold its ground or risk further downside, with investors closely monitoring price action. ETH Bulls Must Hold Above $1,900 Ethereum is currently trading at $1,920, following days of consolidation below the crucial $2,000 level. Despite attempts to push higher, bulls have struggled to reclaim lost ground, leaving ETH in a vulnerable position. To confirm a recovery, ETH must break above the $2,000 mark and push beyond the 4-hour 200-moving average (MA) and exponential moving average (EMA) around $2,400. A successful reclaim of these levels would signal renewed buying momentum, potentially setting the stage for a strong rally toward higher resistance zones. However, if Ethereum fails to reclaim these levels, selling pressure could intensify, driving ETH toward lower demand zones around $1,750. A breakdown below this level would put even more pressure on bulls, potentially leading to further downside and extended bearish sentiment. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? With market conditions still fragile, ETH’s short-term direction remains uncertain. Bulls must step in soon to defend key levels, or Ethereum risks losing further ground, making a quick recovery much more difficult. The next few days will be crucial, as ETH traders watch for a breakout or further downside movement in response to broader market trends. Featured image from DALL-E, chart from TradingView

Crypto scams are draining wallets fast, using AI fraud, fake mining, and Ponzi schemes—so advanced that regulators struggle to keep up. 24 Brutal Crypto Scams Hunting Investors — The Tactics Draining Wallets Fast Cryptocurrency scams continue to pose a growing threat to investors, with fraudsters using increasingly sophisticated tactics to steal funds and personal information. […]

Key Takeaways: MoonPay obtains Money Transmitter License in Wisconsin, increasing US footprint. The license enables Wisconsin residents to purchase crypto seamlessly with no additional MoonPay fees (network fees still apply). This move further reinforces MoonPay’s commitment to compliance and user trust. Miami, USA — Cryptocurrency payments platform MoonPay has achieved a major win in its…
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A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsBitcoin (BTC) co-founders and executives were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.Swan’s other co-founder, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin. I do think we will get occasional alt seasons of ever diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino.” This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why