Author Archives: pdgweb

The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain. Custodia said on March 25 that it tokenized US dollar demand deposits and facilitated the issuance, transfer and redemption of the stablecoin “Avit” on Ethereum via the ERC-20 token standard. …

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Bitcoin and Ethereum are poised to suffer their worst first quarter in years unless they can pull off a huge rally in the next few days. Ether (ETH) has dropped 37.98% so far over the first quarter of 2025, its worst Q1 decline since 2018, when it plunged 46.61%, according to CoinGlass data. Meanwhile, Bitcoin …

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Crusoe Energy, a company that captures waste gas from oil to power high-performance compute, is selling its Bitcoin mining business to New York Digital Investment Group (NYDIG) to focus on artificial intelligence.  In a March 25 announcement, Crusoe said it plans to sell its Bitcoin (BTC) mining operation,  including its digital flare mitigation business, to …

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Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse.  Infinite Reality said in a March 25 statement that Napster would offer “branded 3D virtual spaces” to allow virtual concerts and “social listening parties” along with the ability …

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The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a letter sent by the agency’s acting chairman, Travis Hill, to Rep. Dan Meuser on March 24, banking regulators should not use “reputational risk” …

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Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC (BTC), suggesting that there is a 75% chance that the asset will hit new highs in the next nine months. In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s …

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GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.  According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in …

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Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.  In a recent X post, the platform highlighted that …

Continue reading “Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam?”