Day: February 12, 2026

Ethereum Price Cracks $2,000, Opening Door To Deeper Selloff

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Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remain at risk of another decline below $1,950. Ethereum struggled to extend gains above $2,020 and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,020 zone. Ethereum Price Dips Further Ethereum price failed to stay above…

Paxful To Pay $4M For Moving Funds Tied to Criminal Schemes

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Peer-to-peer crypto exchange Paxful has been ordered to pay $4 million after admitting it knowingly profited from criminals who used its platform because of its lack of anti-money laundering checks. The Justice Department said on Wednesday that Paxful was sentenced to pay the fine after pleading guilty in December to conspiring to promote illegal prostitution, knowingly transmitting funds derived from crime and violating anti-money laundering requirements. “Paxful profited from moving money for criminals that it attracted by touting its lack of anti-money laundering controls and failure to comply with applicable…

Elon Musk Announces X Money Limited Beta Launch Within Months

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X Money, an upcoming payments system that forms part of Elon Musk’s “everything app” plans, is scheduled to come out as a “limited beta” in the next two months before launching to X users worldwide.  Musk gave the new timeline at his AI company’s “All Hands” presentation on Wednesday, during which he said that X Money was already live “in closed beta within the company.”  “This is intended to be the place where all money is. The central source of all monetary transactions,” he said, calling it a “game changer.”…

Parker White: Bitcoin’s price drop linked to IBIT options stress, a Hong Kong hedge fund’s influence, and the risks of short volatility strategies

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Recent Bitcoin price drops highlight the risks of derivatives and the influence of traditional finance on crypto markets. Key Takeaways The recent crypto market downturn is largely attributed to the growth in Bitcoin derivatives and actions by a major fund. The significant drop in Bitcoin’s price on February 5 was likely triggered by stress in the options market on the IBIT platform. Bitcoin’s integration into global finance is evidenced by the massive size of the IBIT options market. A non-crypto hedge fund in Hong Kong might be influencing crypto market…

Bitcoin Price Bleeds Lower With $65K Becoming The Battleground

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Bitcoin price failed to stay above $70,000 and started another decline. BTC is now trading below $68,800 and might extend losses in the near term. Bitcoin is slowly moving lower below $68,800 and $68,000. The price is trading below $68,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $66,500 and $65,000 levels. Bitcoin Price Dips Again Bitcoin price…

Elon Musk says X Money will launch external beta in 1–2 months

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X Money, the payments system built into Elon Musk’s social media platform X, is preparing for an external beta rollout soon after completing an internal closed beta, Elon Musk announced today. “For X Money, we’ve actually had X Money live in closed beta within the company,” Musk said. “We expect in the next month or two to go to a limited external beta, and then to go worldwide to all X users.” The X chief executive said the service is designed to function as a unified hub for financial transactions…

Coinbase Launches Crypto Wallets Purpose-Built For AI Agents

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Coinbase has launched crypto wallet infrastructure that allows AI agents — programs that can think and transact without human input — to spend, earn and trade crypto.  In a post on Wednesday, Coinbase programmers Erik Reppel and Josh Nickerson said the new Agentic Wallets feature aims to build on today’s agents, which can answer questions, summarize documents, and assist with tasks, but can’t execute trades or orders on behalf of users. “The next generation of agents won’t just advise — they’ll act,” the pair said, adding that AI agents will…