One of the alleged co-masterminds of the South African bitcoin Ponzi scheme MTI has been detained for failing to provide a satisfactory explanation for the disappearance of bitcoins from his account. Marks’ Answers Unsatisfactory Clynton Marks, one of the alleged masterminds of the South African bitcoin Ponzi scheme Mirror Trading International (MTI), has been detained.
Dogecoin dropped by over 35% in the last month . However, investors are currently hopeful due to some upcoming partnerships. Overall, the future of Dogecoin is quite uncertain. At the same time, Remittix presale is flying fast, and a large number of investors are becoming interested in this project. This project offers practical applications in global payments. The native coin, RTX has already raised over $13.8 million. Currently, it is quite affordable at an entry price of $0.0734. Investors are currently asking why Remittix is soaring and whether Dogecoin will ever recover from its dip. Undoubtedly, investing in Dogecoin has been no less than a nightmare lately. In the past month alone, the coin has marked a drop of over 35%. Its price went below $0.20 for the first time since November 2024 . Dogecoin’s main issue currently is that it has an unlimited supply. Due to this reason, investors are concerned about inflation. On the other hand, most other coins have a maximum supply. Dogecoin’s supply, however, continues to grow. Hence, it is very difficult for DOGE to develop stability. Apart from its price movements, there has been some positive news for Dogecoin holders. The launch of Grayscale Dogecoin Trust has been a positive signal. It allows institutional investors a better way to gain exposure to the coin. Remittix is making global crypto payments easier While Dogecoin suffers from its challenges, Remittix is making it easier for everyday crypto users to make payments. Usually, making daily payments via crypto has been challenging for newcomers. These transactions are still plagued with issues like slow exchange withdrawals, transaction fees, and banking restrictions. Remittix (RTX) is solving these pain points. The platforms make it easy for everyone to convert crypto into FIAT instantly. These funds can then be transferred directly to bank accounts globally. For somebody like Daniel, a graphic designer in Argentina who gets paid in Bitcoin by foreign customers, this is a nightmare. By normal means, he needs to send BTC to an exchange, convert, wait for withdrawal processing, pray his bank accepts such transfer, and lose money on fees on the way. With Remittix, he doesn’t have to do any of this. His Bitcoin is immediately converted into Argentinian Pesos and transmitted directly to his bank account — no lag, no surprises. Remittix is also becoming a favorite due to its stance on privacy. As governments continue to increase financial monitoring and tighten restrictions, many individuals are looking for ways to move money securely and without unnecessary oversight. With traditional banking, every transaction is monitored, and in some cases, banks can freeze or block accounts without warning. This gives users only limited control over how they access and move their own cash. In this context, Remittix is the facility winner, as it prioritizes financial independence. When Remittix sends money, the recipient receives a traditional bank deposit with no notation that the money was streamed from crypto. Investors Race To Snap Up RTX Tokens The Remittix presale is booming, and with a fixed supply of 1.5 billion RTX tokens, growing adoption is likely to set the price on a steep ascent. In fact, analysts expect an 800% uptick within the presale stage and more growth to follow the launch. Unlike speculative crypto projects, Remittix is solving a real-world financial problem within a $190 trillion industry, positioning RTX as a true frontrunner for 2025. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials: https://linktr.ee/remittix
In a shocking revelation that has sent ripples through the tech world, Anthropic CEO Dario Amodei has issued a stark warning: spies, potentially linked to China, are aggressively targeting top US AI companies to steal invaluable AI secrets . These aren’t just any secrets; Amodei emphasizes that these algorithmic secrets , worth a staggering $100 million, can be encapsulated in just a few lines of code. For cryptocurrency enthusiasts and investors keenly watching technological advancements, this news highlights a crucial intersection of national security and innovation in the digital age. The security of AI secrets is not just about protecting intellectual property; it’s about safeguarding the future of technological leadership. Why is AI Espionage a Critical Threat? Amodei’s statements at the Council on Foreign Relations event paint a concerning picture of sophisticated AI espionage . He points directly to China’s known history of “large-scale industrial espionage” as the primary source of this threat, suggesting that companies like Anthropic are almost certainly in the crosshairs. But why should the crypto community care about AI espionage ? Economic Implications: Just as blockchain technology and cryptocurrencies are vulnerable to exploits and theft, so too are cutting-edge AI algorithms. The theft of AI secrets can undermine the competitive advantage of US companies, potentially impacting investment and innovation in related sectors, including blockchain and crypto-AI integrations. National Security Concerns: The technology underpinning AI has significant national security implications. If foreign powers gain access to advanced AI secrets , it could tilt the global balance of power and affect the geopolitical landscape that indirectly influences cryptocurrency markets. Innovation Slowdown: The fear of AI espionage can stifle open collaboration and innovation within the AI community. Just as open-source principles are vital in crypto, transparency and shared knowledge drive AI progress. However, security threats might force a more closed-door approach, potentially slowing down the pace of AI development. Anthropic CEO’s Call for Government Action on AI Secrets The Anthropic CEO is not just raising alarms; he is actively calling for the US government to intervene and bolster defenses against this AI espionage . While Amodei didn’t specify the exact nature of assistance needed, Anthropic’s recommendations to the White House’s Office of Science and Technology Policy (OSTP) offer some clues. These recommendations emphasize a strong partnership between the federal government and leading AI industry players to fortify security at frontier AI labs. This collaboration would involve working closely with US intelligence agencies and allied counterparts to create a robust defense against the theft of AI secrets . China Spies and the Global AI Race Amodei’s concerns about China spies are not isolated. They reflect a broader anxiety about the global AI race and the potential for technological dominance. His stance is notably critical of China’s AI development trajectory, particularly its potential for authoritarian and military applications. He has advocated for stringent export controls on AI chips to China and highlighted concerns about the bioweapons data safety of Chinese AI models like DeepSeek. This perspective, while sparking debate within the AI community, underscores the high stakes involved in protecting AI secrets and maintaining a competitive edge in AI innovation. What Can Be Done to Protect Algorithmic Secrets? Protecting these algorithmic secrets requires a multi-faceted approach, combining technological safeguards, policy interventions, and international cooperation. Here are some potential strategies: Strategy Description Relevance to Crypto Community Enhanced Cybersecurity Measures Implementing advanced encryption, intrusion detection systems, and robust access controls to safeguard AI algorithms and data. Mirrors the cybersecurity focus in blockchain and crypto, highlighting the importance of robust security protocols. Government-Industry Partnerships Collaboration between government agencies and AI companies to share threat intelligence and develop coordinated defense strategies. Similar to regulatory dialogues in crypto, emphasizing the need for collaboration to address security challenges. Export Controls and Intellectual Property Protection Strengthening export controls on critical AI technologies and enforcing intellectual property rights to prevent unauthorized transfer of algorithmic secrets . Raises similar debates around technology regulation and open innovation seen in the crypto space. International Cooperation Working with allies to establish global norms and standards for AI security and to counter international espionage efforts. Reflects the global nature of both AI and cryptocurrency, necessitating international collaboration for effective governance and security. The Path Forward: Securing the Future of AI Innovation The warning from Anthropic CEO Dario Amodei is a critical wake-up call. The threat of AI espionage , particularly the targeting of valuable algorithmic secrets , is real and demands immediate attention. For the cryptocurrency world, this situation underscores the broader challenges of security and innovation in the digital age. Just as securing blockchain networks and crypto assets is paramount, protecting AI secrets is vital for maintaining technological leadership and ensuring a secure and innovative future. The call for government action and industry collaboration is not just about protecting individual companies; it’s about safeguarding the entire ecosystem of AI innovation that will undoubtedly shape the future of technology and potentially intersect deeply with the cryptocurrency landscape. To learn more about the latest AI security trends, explore our article on key developments shaping AI security features.
Are you ready to witness a seismic shift in the world of robotics? Google DeepMind, a name synonymous with groundbreaking AI innovation, has just unveiled its latest marvel: Gemini Robotics. These new AI models are not just an incremental step forward; they represent a leap, promising to redefine how robots interact with our world. For those in the cryptocurrency and tech space, always keen on disruptive technologies, this development is a game-changer. Let’s dive deep into how Gemini Robotics is poised to revolutionize robotics and what it means for the future. What Exactly are Google DeepMind’s Gemini Robotics AI Models? Google DeepMind has been at the forefront of artificial intelligence research, consistently pushing boundaries. Their latest creation, Gemini Robotics , is a suite of AI models specifically designed to empower robots with enhanced capabilities. Imagine robots that can not only perform pre-programmed tasks but can also learn, adapt, and respond to voice commands in real-time. This is the promise of Gemini Robotics. Here’s a breakdown of what makes Gemini Robotics stand out: Versatile Training: Gemini Robotics is trained to generalize behaviors across various robotic hardware. This means a single model can potentially control different types of robots, reducing the need for specialized AI for each robot. Perception and Action Link: The models are designed to connect what robots ‘see’ (visual input) with the actions they need to take. This is crucial for robots to understand their environment and react appropriately. Adaptability: DeepMind claims that Gemini Robotics excels in unfamiliar environments. This adaptability, a key aspect of advanced AI control , allows robots to operate effectively even outside their training datasets. Accessibility for Researchers: Recognizing the need for broader innovation, DeepMind has released Gemini Robotics-ER, a slimmed-down model. This allows researchers to train their own AI models for specific robotics applications, fostering further development in the field. Safety Benchmarking: With increased capabilities comes responsibility. DeepMind has also introduced Asimov, a benchmark designed to gauge risks associated with AI -powered robots. This proactive approach to safety is vital as robots become more integrated into our lives. Witnessing Gemini Robotics in Action: Real-World Examples To truly grasp the potential of Gemini Robotics, Google DeepMind released compelling demo videos. These videos showcase robots performing everyday tasks with remarkable dexterity and understanding. Imagine a robot, guided by Gemini Robotics , smoothly folding paper, or carefully placing glasses into their case, all in response to simple voice commands. These are not just lab demonstrations; they hint at a future where robots can seamlessly integrate into our daily routines, assisting with tasks in homes, workplaces, and beyond. The Benefits of Gemini Robotics: Why Should You Care? The implications of Gemini Robotics extend far beyond impressive demos. Here are some key benefits that highlight why this development is significant: Enhanced Efficiency: In industries ranging from manufacturing to logistics, robots powered by Gemini Robotics can perform tasks more efficiently and autonomously, leading to increased productivity and reduced operational costs. Improved Safety: In hazardous environments, advanced AI control can enable robots to undertake dangerous tasks, minimizing risks to human workers. Think of robots in disaster relief, mining, or handling hazardous materials. Greater Accessibility: As AI models become more versatile and easier to train (thanks to initiatives like Gemini Robotics-ER), developing and deploying robots for specific needs becomes more accessible to a wider range of researchers and businesses. New Possibilities in Automation: Gemini Robotics opens doors to automating complex tasks that were previously considered too intricate for robots. This could revolutionize sectors like healthcare, agriculture, and customer service. Challenges and Considerations While the potential of Gemini Robotics is immense, it’s important to acknowledge the challenges and considerations that come with advancing AI control in robotics : Ethical Implications: As robots become more autonomous, ethical considerations around their decision-making, bias in AI models , and impact on employment need careful attention. Safety and Reliability: Ensuring the safety and reliability of AI -powered robots is paramount. Benchmarks like Asimov are a step in the right direction, but continuous testing and refinement are crucial. Data and Training: Training robust AI models requires vast amounts of data. Ensuring data privacy, security, and diversity in training datasets is essential for responsible development. Integration Complexity: Integrating advanced AI control systems into existing robotics infrastructure can be complex and require significant technological upgrades. Actionable Insights: What’s Next for AI and Robotics? For those in the cryptocurrency and tech space, keeping an eye on developments like Gemini Robotics is crucial. Here are some actionable insights: Stay Informed: Follow Google DeepMind’s research and publications to stay updated on the latest advancements in AI models and robotics . Explore Applications: Consider how advanced AI control in robotics could impact your industry or projects. Are there opportunities for automation, efficiency gains, or new product development? Engage in Dialogue: Participate in discussions around the ethical and societal implications of advanced AI and robotics . Contribute to shaping responsible development and deployment practices. Experiment and Innovate: For researchers and developers, explore using Gemini Robotics-ER and similar tools to experiment with AI -powered robotics solutions. Conclusion: A Giant Leap for Robot Control Google DeepMind’s Gemini Robotics marks a significant milestone in the journey of AI and robotics . These revolutionary AI models are not just about making robots smarter; they are about creating robots that are more adaptable, versatile, and capable of interacting with our world in meaningful ways. As we move forward, the convergence of AI and robotics , exemplified by Gemini Robotics , promises to unlock unprecedented possibilities, transforming industries and reshaping our future. The era of truly intelligent and helpful robots is dawning, and Google DeepMind is leading the charge. To learn more about the latest AI models trends, explore our article on key developments shaping AI features.
Bitcoin surged over 5%, reaching $85,000 due to favorable economic signals. Lower inflation and geopolitical developments boosted market optimism. Continue Reading: Bitcoin Surges Past $85,000 with Encouraging Economic Signals The post Bitcoin Surges Past $85,000 with Encouraging Economic Signals appeared first on COINTURK NEWS .
The governor of Nebraska, Jim Pillen, has signed legislation to protect against cryptocurrency fraud as crypto ATM crime skyrockets in the United States. “Cryptocurrency is an important, emerging industry, and we’ve been working hard to build Nebraska into a cryptocurrency leader,” said Governor Pillen on March 12 following the signing of the bill. “An important part of these efforts is to make sure that we have guardrails to prevent criminals from taking advantage of Nebraskans,” he added. The bipartisan legislation establishes the “Controllable Electronic Record Fraud Prevention Act,” which is designed to help combat fraud and protect users of crypto kiosks and ATMs . Source: Jim Pillen According to the Federal Trade Commission, victims have lost over $65 million to crypto ATM fraud in the first half of 2024. “Fraud losses at BTMs (Bitcoin ATMs) are skyrocketing, increasing nearly tenfold from 2020 to 2023,” the commission reported in September. The bill, LB 609 , was introduced on Jan. 22 by Senator Eliot Bostar. It stipulates that crypto ATM and kiosk operators must be licensed under Nebraska’s Money Transmitters Act and registered and approved by the Department of Banking and Finance. Operators must provide quarterly reports on kiosk locations, names and transaction data. It also implements transaction limits of $2,000 per day for new users and $5,000 per day for existing customers, and fees cannot exceed 18% of the transaction value. New customers who report fraud within 90 days can receive a full refund including fees, while existing customers can be refunded for the fees associated with fraudulent transactions. Kiosk operators must also display fraud warnings and appoint a compliance officer to enforce fraud prevention measures, it states. The US crypto ATM network shrunk by more than 1,200 machines earlier this month after Illinois Senator Dick Durbin introduced similar legislation . Related: Nebraska bill seeks fair play for crypto mining, ownership “Nebraska is open for business in the cryptocurrency space,” commented state Department of Banking director Kelly Lammers, who added, “those that target our citizens … using crypto ATMs as part of their transfer method, we will soon have a team that will be watching even more closely.” While being supportive of crypto, Nebraska has yet to join the 21 US states that have proposed legislation to establish strategic crypto reserves, according to the Bitcoin Reserve Monitor. Magazine: Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express
Robert Kiyosaki , author of Rich Dad Poor Dad, claims the “biggest crash in history” is upon us, suggesting the current market crash will be worse than the 1929 market collapse, ending what he calls the “everything bubble” , and ushering in a new era of financial hardship. “THE EVERYTHING BUBBLE is bursting”, wrote Kiyosaki, “I am afraid this crash may be the biggest in history. Germany, Japan, and America have been the engines up to now. Unfortunately our incompetent leaders led us into a trap… giant crash. I wrote about this crash in my book RICH DAD’s PROPHECY. This crash is going to be bigger than the 1929 Crash… A crash that led to the Great Depression”. The stock market has fallen, while Kiyosaki makes these comments, with Nasdaq down 4% on Monday, S&P down 3%, extending its 8.5% drop from February high. And the broader S&P 1500 index has shredded around $5 trillion in value since February. “It is normal to be disturbed and fearful…. Just do not panic. Be stoic, which means keep your cool, take deep breaths, keep your eyes wide open and mouth shut. While millions will be crushed… you do not have to be one of them. In 2008, I waited… letting the panic and dust settle and then started to look for great real assets on sale… At Deep discounts”. Trump’s 20% tariff on Chinese imports and 25% tariffs on Mexico and Canada has led to a state of uncertainty, with traders not knowing what will be the outcome of such changes to the supply chain. Kiyosaki encourages traders to remain stoic, while noticing the crisis, but remaining firm in one’s investment strategy. “Trump was seen as the market’s savior”, wrote Dan Coatsworth from AJ Bell, “promising lower taxes and less stringent regulation. Now, his actions represent the harbinger of doom. The ‘R’ word is back on everyone’s lips as people ponder if trade tariffs will backfire and lead to recession rather than US economic prosperity”. Reuters poll, of economists from America, Canada, and Mexico, showed 70 of 74 economists believed a risk of recession had increased and that inflation was likely to rise. American trade policies have put an extra burden on the economy, especially with the trade war against China, and the Trump administration’s aggressive style of politics. The book Rich Dad’s Prophecy came out in 2002 and predicted a crash in 2016, reasoning that when the baby boomers retire there would be a financial crisis. Kiyosaki criticises Bitcoin ETFs, as an extension of the financial system, having no control over private keys or responsibility to maintain a secure wallet, falling prey to the same schemes that ensnare retailer investors, empowers the Wall Street institutions and not the regular investor. Therefore, Kiyosaki encourages people to own their own Bitcoin, in a similar way, to how he holds gold and silver, preferring to hold hard assets in his portfolio. His mantra is “if you don’t hold it, you don’t own it”. Baby Boomers, according to Kiyosaki, are in a very dangerous position, having relied on Defined Contribution plans, like 401k and IRAs, instead of Defined Benefit plans. Defined Benefits guarantee a set payout regardless of market conditions. Defined Contribution plans only provide what the individual has put into them. Kiyosaki believes the latter can be wiped out completely in the event of a major crash, putting millions of boomers at risk. The price drop in Bitcoin only makes Kiyosaki smile because he buys more at a discounted price. He considers fiat fake money because it can be inflated by the federal reserve. He considers market dips a great time to buy more gold, silver, and Bitcoin. His long held belief is that hard assets offer the best protection against a financial collapse.
Exciting news for crypto enthusiasts and Nebraskans alike! Governor Jim Pillen has officially signed the Bitcoin ATM bill (LB609) into law, marking a significant milestone for the cryptocurrency landscape in the state. This groundbreaking legislation isn’t just about ATMs; it’s about fostering a safe and thriving environment for crypto adoption. Let’s dive into what this means for you and the future of digital currencies in Nebraska. Why is the Nebraska Bitcoin ATM Law a Big Deal for Crypto Adoption? The core of LB609 is to establish a regulatory framework around Bitcoin ATMs and kiosks operating within Nebraska. But why is regulating these machines so crucial for broader cryptocurrency adoption ? Think of Bitcoin ATMs as a physical gateway to the digital world of crypto. They offer a user-friendly way for individuals to buy and sometimes sell cryptocurrencies using cash or debit cards. However, this accessibility can also be a double-edged sword if not properly managed. Unregulated or loosely regulated Bitcoin ATMs can unfortunately become avenues for illicit activities, leading to user exploitation and hindering trust in the entire crypto space. Nebraska’s new law directly tackles this issue by implementing measures to protect users and ensure the integrity of these financial touchpoints. Key Benefits of Nebraska’s Bitcoin ATM Regulation: Enhanced User Protection: The primary goal of LB609 is to safeguard individuals using Bitcoin ATMs. This includes measures to prevent fraud, ensure transaction transparency, and establish clear guidelines for operators. Boosting Confidence in Crypto: By creating a safer environment, the law aims to increase public confidence in cryptocurrencies. When people feel secure using crypto services, they are more likely to explore and adopt digital currencies. Attracting Crypto Innovation: Nebraska is signaling its commitment to becoming a crypto-friendly state. This proactive approach to crypto regulation can attract businesses and innovators in the blockchain and cryptocurrency sectors, fostering economic growth and technological advancement within the state. Legitimizing Bitcoin ATMs: The law provides legitimacy to Bitcoin ATMs by bringing them under a clear legal framework. This can encourage wider acceptance and integration of these machines into the financial ecosystem. What Protections Does the New Law Offer Against Bitcoin ATM Fraud? The legislation is specifically designed to combat potential Bitcoin ATM fraud and ensure user safety. Here’s a closer look at the key protective measures: Protection Measure Description Licensing and Registration Operators of Bitcoin ATMs in Nebraska will likely need to obtain licenses or register with state authorities. This creates accountability and allows for regulatory oversight. Compliance Standards The law will likely establish compliance standards for ATM operators, potentially including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to prevent illicit use. Consumer Disclosures Users will likely benefit from improved transparency through mandatory disclosures at ATMs, such as fee structures, transaction limits, and risk warnings. Enforcement Mechanisms The legislation empowers state agencies to enforce the regulations, investigate complaints, and take action against non-compliant operators, ensuring that protections are not just on paper but actively implemented. These measures are crucial for building trust and preventing scams that can unfortunately target users of Bitcoin ATMs. By prioritizing consumer protection, Nebraska is setting a positive example for other states considering similar legislation. Nebraska: Emerging as a Leader in Crypto Regulation? Governor Pillen’s statement that Nebraska lawmakers are working to make the state a leader in crypto is more than just rhetoric. The swift passage and signing of the Nebraska Bitcoin ATM bill demonstrate a proactive and forward-thinking approach to the digital asset industry. This law can be seen as a foundational step towards creating a comprehensive and balanced regulatory environment for cryptocurrencies in Nebraska. What does it take to become a crypto leader? It involves: Clear and Sensible Regulations: Laws that provide clarity for businesses and protect consumers without stifling innovation are essential. Pro-Innovation Stance: States need to signal that they are open to and supportive of blockchain technology and cryptocurrency businesses. Talent and Education: Investing in education and attracting talent in the crypto space are vital for long-term growth. Collaboration: Engaging with industry stakeholders and experts to create effective and practical regulations is key. Nebraska’s move with the Bitcoin ATM law is a strong indicator that the state is serious about embracing the potential of cryptocurrencies and positioning itself as a hub for crypto innovation in the Midwest. This could pave the way for further progressive legislation and initiatives in the future. What’s Next for Crypto in Nebraska? While the Bitcoin ATM bill is a significant step, it’s just one piece of the puzzle. The broader conversation around crypto regulation is constantly evolving. We can anticipate further discussions and potential legislation in Nebraska focusing on: Broader Crypto Business Licensing: Expanding regulatory frameworks to encompass other types of crypto businesses operating in the state. Digital Asset Taxation: Clarifying tax rules and guidelines for cryptocurrency transactions and holdings. Blockchain Technology Integration: Exploring opportunities to utilize blockchain technology in government services and various industries within Nebraska. Nebraska’s journey into the crypto world is just beginning, but with initiatives like the Bitcoin ATM law, the state is laying a solid foundation for responsible and innovative growth in the digital asset space. Conclusion: A Secure Path Forward for Crypto in Nebraska The signing of the Bitcoin ATM bill in Nebraska is a victory for both crypto users and the industry as a whole. By prioritizing user protection and establishing a clear regulatory framework, Nebraska is taking a bold and responsible approach to cryptocurrency adoption. This landmark legislation not only safeguards individuals from potential fraud but also sends a powerful message that Nebraska is open for crypto business and committed to fostering a secure and innovative digital future. Keep an eye on Nebraska – they are positioning themselves to be a key player in the evolving crypto landscape. To learn more about the latest crypto regulation trends, explore our article on key developments shaping Bitcoin institutional adoption.
Ethereum price remained rooted below the $2,000 mark on Thursday as uncertainty around the Pectra network upgrade overshadowed gains from positive US CPI Inflation data. With bull traders clustering long positions, ETH looks set to stabilize above the $2,000 level. Ethereum (ETH) Pinned Below $2,000 Despite Market-wide Recovery Rallies Ethereum (ETH) was among the underwhelming performers as the crypto market entered a recovery phase over the last 48 hours. While Bitcoin climbed 4% to reclaim territory above $84,400 and XRP surged back above $2, ETH price failed to gain upward momentum. Since the Pectra upgrade on March 5 and a leadership shuffle at the Ethereum Foundation, the network has continued to face questions about long-term sustainability and unfinished projects. This overshadowed gains from the cooler-than-expected inflation data published in the US CPI report released on Wednesday. Ethereum (ETH) Price Analysis While top altcoins like Chainlink, Hedera, and SUI all raced into double-digit gains at the onset of the rally on Wednesday, ETH price failed to advance above $2,000. The chart above shows ETH trading at $1,887 at press time on Thursday, down 4% despite the dominant bullish sentiment within the broader market. US Reps Vote to end Crypto tax from IRS The US House of Representatives has passed a bill to repeal an IRS rule requiring decentralized finance (DeFi) brokers to report user transactions similar to traditional securities brokers. The rule, implemented under the Biden administration, aimed to enhance tax compliance but faced opposition from lawmakers concerned about its impact on crypto innovation and the risk of companies relocating overseas. Led by Rep. Mike Carey and Sen. Ted Cruz, secured approval in the House after earlier gaining traction in the Senate. Supporters argue that rolling back the reporting requirement will create a more favorable regulatory environment for the cryptocurrency sector. The bill now moves to President Donald Trump’s desk for final approval. If approved, this move could be bullish for ETH price as it could increase the appeal of various DeFi services built on the Ethereum network. ETH Traders Form Major Support Cluster at $1,825, with Bears Risking Short-Squeeze ETH price has languished below $2,000, lagging behind the market rally for two consecutive days. However, recent swings in derivatives market positions suggest ETH traders are bracing for a decisive bullish reversal following the recent development surround elimination of taxes on crypto Validating this outlook, Coinglass ‘ Liquidation Map tracks the total value of active leverage deployed on short and long contracts, showing real-time swings in trader sentiment around key events. Ethereum Liquidation Map | Source: Coinglass As seen above, bulls deployed $753 million in leverage on ETH long positions at press time on Thursday, narrowly exceeding the $744 million leveraged on active short positions. Tl. With bullish traders making aggressive long positions on ETH in the derivatives markets, it reflects a broad consensus among short-term traders expecting Ethereum price to witness considerable upside in the days ahead. While ETH price has plunged 3% in the last 48 hours, long leverage exceeding shorts after a considerably long bearish period is often an early signal of an imminent bullish reversal. ETH Price Forecast; $2,500 rebound hopes alive if $1,825 support holds Ethereum price forecast signals remain on shaky ground after failing to reclaim $2,000, with the daily chart revealing a persistent downtrend. The 5-day, 8-day, and 13-day Super SMAs continue sloping downward, reinforcing bearish control as Ethereum trades near $1,881. The long red candlestick marked by the March 1 reversal signaled a critical breakdown, coinciding with an increase in selling volume. Since then, ETH has been unable to reclaim lost ground, slipping further below short-term moving averages. ETH Price Forecast The Bull-Bear Power (BBP) indicator at -393.47 highlights extreme selling pressure, confirming a sustained bearish trend. However, a potential bottoming-out scenario emerges if the $1,825 support level holds, as this zone represents the last major accumulation area before the March rally attempt. A rebound from this level could trigger a relief rally toward the $2,018 and $2,111 resistance areas, where previous price consolidations took place. On the downside, continued rejection below the short-term moving averages would embolden sellers, increasing the risk of a liquidity sweep toward $1,750. Meanwhile, rising long leverage, as indicated by derivative market positioning, suggests that traders are positioning for a bullish reversal. If leveraged longs outpace shorts, Ethereum could witness short-covering momentum, accelerating a recovery above $2,000 and keeping hopes of a $2,500 rebound alive. The post Ethereum Price Forecast: ETH Traders Must Hold $1,825 support as US Reps vote to cancel IRS Crypto tax appeared first on CoinGape .
South Korea is shifting its stance on crypto, moving towards a more open approach by lifting its ban on institutional crypto trading.The Financial Services Commission (FSC) will release crypto investment guidelines, with staggered timelines for different participants. This move aims to develop the crypto market while ensuring user protection. The guidelines will include best practices