Category: Bitcoin News

Crypto.com to Cut 12% of Workforce due to Enterprise AI Integration

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Singapore-headquartered cryptocurrency exchange Crypto.com is set to cut up to 12% of its workforce due to company-wide artificial intelligence (AI) integrations, joining a growing list of companies announcing AI-linked mass layoffs, according to the exchange’s founder and CEO, Kris Marszalek. Crypto.com recently expanded its AI offering and launched the AI agent platform ai.com on Feb. 9, which it positioned as a core business. The company also said it was the first crypto platform to receive the ISO/IEC 42001:2023 certification for AI system management in February. “We are joining the list…

Ethereum Faces $2.5B Long Liquidation Risk If ETH Dips Below $2,100

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Ether (ETH) traded lower on Thursday after a fresh knee-jerk reaction to yesterday’s US interest rate decision and a higher inflation outlook. Key takeaways: ETH dropped 7% to $2,100 on Thursday, liquidating $144 million in longs. A break below $2,000 could trigger over $2.5 billion in additional long liquidations across exchanges. The 50-day moving average around $2,100 is a key level to watch. Ether risks $2.5 billion long liquidations Data from TradingView showed 7% daily ETH price losses, with ETH/USD dropping as low as $2,140 on Thursday. ETH/USD 1-hour chart.…

Bitcoin ETFs See $164M Outflows As BTC Dips Below $71K

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US spot Bitcoin exchange-traded funds (ETFs) ended their inflow streak amid a BTC price dip after recording $1.2 billion of inflows over seven consecutive days. Spot Bitcoin (BTC) ETFs saw $163.5 million in outflows on Wednesday, according to Farside data. The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows at about $104 million, followed by BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $34 million. Daily spot Bitcoin ETF flows since March 6, 2026. Source: Farside.co.uk Before Wednesday’s $163.5 million outflows, the ETFs were roughly $100 million shy of positive…

South Korea Opposition Party Proposes Scrapping Crypto Tax

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South Korea’s main opposition party has proposed scrapping a planned crypto tax ahead of its 2027 rollout, citing fairness, double taxation and enforcement concerns. According to a Thursday report by local media outlet eDaily, the conservative People Power Party (PPP) introduced a bill to amend the country’s Income Tax Act and remove provisions on digital asset income, aiming to abolish a planned tax on crypto asset gains ahead of its 2027 implementation. Under the upcoming rules, crypto gains exceeding 2.5 million Korean won will be subject to a 20% income…

ECB Opens Work on ATM, Payments for Digital Euro

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The European Central Bank (ECB) is seeking industry experts to contribute to workstreams focused on how the digital euro central bank digital currency would function across ATMs, payment terminals and acceptance infrastructure.  In an announcement published Wednesday, the ECB opened applications for two workstreams under its Rulebook Development Group (RDG), covering implementation specifications for ATM and terminal providers, as well as certification and approval frameworks for payment solutions.  The initiative revolves around defining how a potential digital euro would integrate with existing payment systems and hardware, including support for offline…

Retail ETF Frenzy Fueled Silver and Gold Boom and Bust

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Retail gold purchases have tripled over the last six months, while Wall Street selling has accelerated over the past four months, according to data from the Bank for International Settlements (BIS). “Retail-driven exuberance,” increasingly channeled through exchange-traded funds (ETFs), “set the stage for outsize moves,” continuing the precious metal rally from 2025, reported the BIS in a quarterly review released on Monday.  Since Q2 2025, retail investors have bought around $70 billion in gold ETFs, and these purchases have more than tripled over the last six months, observed the Kobeissi…

AI Agents Get New Tools From Visa and Stripe’s Tempo

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Visa’s crypto division has launched a tool to allow artificial intelligence agents to make payments, the same day the Stripe-backed blockchain Tempo launched alongside a protocol for AI agents.  “Excited to share Visa CLI, the first experimental product from Visa Crypto Labs,” Cuy Sheffield, the head of Visa Crypto Labs, posted to X on Wednesday. A website for Visa CLI, meaning a command line interface where users type what action a program must take, says the tool will give an AI agent “the ability to securely pay for what you…

Crypto Traders Eye ‘Bullish Relief Rally’ After Fed Interest Rate Hold

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Crypto traders have become hopeful for a market rally after the US Federal Reserve held interest rates steady on Wednesday, according to crypto sentiment platform Santiment. However, analysts are split on whether a near-term market surge is a reliable signal for traders. “For now, traders are expecting a bullish relief rally in spite of no changes being made,” Santiment said in an X post on Wednesday, pointing to an increase in bullish sentiment among crypto market participants on social media who are linking the Fed’s steady rates to a potential…

Coinbase User IRS Block Petition Dismissed After Procedural Failure

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A California court on Wednesday dismissed a Coinbase user’s attempt to block an IRS summons for his financial records, in at least the second such case in the past year to fail to reach trial.  Roger Metz filed a petition in the Northern District of California in May 2025 to quash an IRS summons ordering Coinbase to hand over his financial records in connection with an audit of his 2022 federal tax return.  His lawyers argued the summons violated his privacy rights, was overbroad and failed to meet basic administrative…

Algorand Foundation Cuts Workforce By 25% Amid Market Uncertainty

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The Algorand Foundation, the organization behind the Algorand layer-1 blockchain, said it had made the “difficult decision” to reduce its headcount by 25% on Wednesday, blaming the crypto slump and wider uncertainty. “This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets,” the Algorand Foundation said in an X post. The Algorand Foundation said the affected employees were “best-in-class contributors” and described the decision as “incredibly tough,” adding that it would support staff through the…