Category: Bitcoin News

Alchemy Launches USDC Payment System for Autonomous AI Agents

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Blockchain infrastructure company Alchemy has launched a system that allows autonomous AI agents to buy compute credits and access its blockchain data services using onchain wallets and USDC on Base. According to the company’s announcement, the initial release allows AI agents to directly query blockchain networks, check nonfungible token (NFT) ownership, view wallet balances across multiple chains and access live token price data, with additional networks and services planned. If an agent exhausts its prepaid compute credits, Alchemy issues a payment request that can be automatically settled in USDC (USDC) on…

Bitcoin Treasury Pressure Mounts as Stablecoins Gain Strength

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After months of sliding digital asset prices, public companies that embraced Bitcoin (BTC) as a treasury strategy are facing renewed scrutiny. Activist investors are now challenging those balance-sheet bets, echoing broader concerns about the volatility and long-term viability of the corporate Bitcoin model. Stablecoins, meanwhile, continue to anchor the market. Circle posted a stronger-than-expected fourth quarter, even as early signs of a so-called “crypto winter” began to surface.  However, not every payments player is sharing in that momentum. PayPal’s push into digital assets, including the launch of its PayPal USD…

Bitcoin Rally Stalls Near $70K: Will Altcoins Keep Going?

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Key points: Bitcoin continues to face selling on minor rallies, indicating a negative sentiment. Several altcoins have turned down from the overhead resistance levels, indicating the bears are active at higher levels. Bitcoin (BTC) continues to face selling on rallies, with bears attempting to sink the price below $66,000. However, some analysts believe the downside may be limited.  Analyst Willy Woo said in a post on X that the selling may have exhausted and BTC is likely to enter a period of consolidation. He expects the rebound to be rejected…

Minnesota to Weigh Ban on Crypto Kiosks after Scam Reports

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A Minnesota lawmaker has introduced a bill that could ban virtual currency kiosks across the state after reports of incidents involving crypto-related scams. In a Thursday session of the Minnesota House of Representatives Commerce Finance and Policy Committee, Representative Erin Koegel said the bill, House File 3642, would address the “novel” and “minimally regulated” technology of crypto kiosks. Koegel said she had heard from state law enforcement agencies that many scammers used the kiosks to trick residents into sending crypto, while legitimate traders tended to use centralized exchanges. “Because of…

Revenue Beats, Earnings Per Share Miss, Stock Falls

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Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb. For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared with $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, compared to zero a year earlier. Analysts polled by Yahoo Finance expected earnings…

How EU Crypto Tax Laws Are Set to Work in Practice

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Key takeaways The EU’s new crypto tax rules do not introduce new taxes but expand tax transparency by ensuring that crypto transactions are reported and shared across member states. Reporting obligations fall primarily on crypto-asset service providers, requiring them to collect user identity information, tax residency details and transaction data in a standardized format. Information reported by platforms will be automatically exchanged among EU tax authorities, reducing cross-border reporting gaps for crypto users. The framework aligns with the Organisation for Economic Co-operation and Development’s global crypto reporting standard, increasing compatibility…

BTC Stuck Below $70K, Japan Inflation Below 2%: Month In Charts

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The taxman cometh. In February, the tax authorities of four countries began to reconsider how they tax crypto. In the US, the number of crypto ATMs hit nearly 40,000, returning to 2021 levels of interest in crypto kiosks. The number of installations had dipped significantly after the crypto crash of 2022. Japan’s inflation dipped below 2% in February, less than in the United States. Berkshire Hathaway CEO Warren Buffett said earlier this year that dollar investments were looking less attractive as the yen is providing a more stable currency. Bitcoin…

PayPal USD to Power App-Specific Stablecoins via PYUSDx

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Payment giant PayPal is expanding access to its stablecoin through a new platform it says will allow devleopers to create their own US dollar-pegged tokens backed by PayPal USD. PayPal, MoonPay and stablecoin platform M0 on Friday announced PYUSDx, a product aimed at helping developers launch PayPal USD (PYUSD)-backed stablecoins for use within applications, or tokens designed for use inside a particular app, platform or ecosystem, according to a joint announcement shared with Cointelegraph. The companies said the rollout is planned for next month. “The next phase of stablecoin adoption…

South Korea Tax Office Leaks Seed Phrase in Press Release

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South Korea’s National Tax Service (NTS) accidentally exposed a crypto wallet seed phrase in an official press release on Thursday, leading to a loss of 4 million PRTG  (Pre‑Retogeum) tokens worth about $4.8 million from the address, according to local media reports. According to multiple Korean media reports on local sites Naver, Chosun and others, the press release related to the National Tax Service’s enforcement campaign against tax delinquents and seizures that the authorities had carried out. The release reportedly included an image of a Ledger cold wallet and a…

Flip These Key Resistance Levels to Support

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Bitcoin bulls were battling to flip three resistance levels back into support by the end of the week, but history shows they may need to wait another month. Bitcoin (BTC) is battling three key resistance levels at once, and the end of the bear market may depend on breaking them in March. Key takeaways: Bitcoin still faces three resistance levels on the weekly chart after its midweek gains. Bitcoin is down 14% in February, the fifth consecutive red month for BTC price. Bitcoin bulls attempt three support flips Data from…