A $176 million Bitcoin theft tied to a seed phrase leak reveals how simple surveillance can bypass crypto security and drain entire wallets. In crypto, security is usually regarded as a technical issue. You are asked to safeguard your private keys, rely on a hardware wallet and steer clear of phishing links. Yet a prominent case in the UK reveals that the real vulnerability in this case might have had nothing to do with code. The UK High Court is currently reviewing a case involving the alleged theft of 2,323 Bitcoin (BTC), worth about $176 million. The theft did not stem from hacking or malware. Instead, it began with a seed phrase being exposed, which became the single point of failure in self-custody. The dispute centers on Ping Fai Yuen, who claims that his estranged wife, Fun Yung Li, and her sister gained access to his Bitcoin by secretly recording his wallet’s recovery information. Read more
BOLT Technologies founder Yoon Auh says the real challenge in the quantum transition is whether blockchain networks can coordinate system-wide upgrades. The race to make blockchains quantum-resistant is shaping into a test of governance, and decentralized networks may be at a disadvantage. Quantum upgrades don’t stop at protocol-level changes. For major networks, they require wallet-level migration across millions of users, making coordination the bottleneck. “The hard part is not changing the node itself, it’s having the wallets do the same,” said Yoon Auh, founder of BOLT Technologies, adding that each asset holder would need to migrate and do so in a coordinated way. Read more
Bitcoin was down 44% from its $126,000 all-time highs as key onchain and technical indicators suggested BTC is entering the late phase of the bear market. Bitcoin (BTC) sellers resumed their activity on Thursday as the BTC price slipped below the $70,000 mark. Analysts said that Bitcoin showed signs of a bear market in its last stages, due to extreme fear and elevated realized and unrealized losses. Key takeaways: Read more
Bitcoin bulls face an uphill battle to turn the March options expiry in their favor, requiring a 6% price rally to $75,000 before Friday. Key takeaways: Over 90% of Bitcoin call options may expire worthless if the price fails to break above $71,000 by Friday. Traders fear rising inflation and worsening credit conditions as the US and Israel-Iran war continues. Read more
Bitcoin charts point to a possible rally to $80,000, but spot volumes need to increase in order for the rally to hold. Bitcoin (BTC) is testing the $71,500 pivot, a key level across multiple timeframes and analysts noted that price action is tilted toward a possible rally to $80,000. As traders remain split between futures-driven speculation and weak spot demand, Bitcoin has tested the $71,500 inflection point four times in the past seven days. A positive is that the price has held above the 50-period exponential moving average (EMA) on the four-hour chart, but the 50-day EMA on the daily chart continues to act as a level of resistance. Crypto trader Skew described the position as a “compression zone,” where the tightening price range and trading may lead to a strong directional move. Read more
Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC's short term prospects. Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Read more
Bitcoin is beating gold during the Iran war, but its dependence on liquidity cycles keeps the safe haven narrative in question. Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels. At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin (BTC) failed to live up to that role. Nearly a month after the US and Israel launched the first strikes on Iran on Feb. 28, that view is being challenged. Bitcoin initially fell to $63,176 on the news of the attacks but has since risen about 12% to $71,012, as of Wednesday. Read more
Bitcoin traders agreed that BTC price action needed to retake $72,000 to open up the odds of further upside as gold and US stocks gained. Bitcoin (BTC) returned to $72,000 on Wednesday as gold continued its rebound from four-month lows. Key points: Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000. Read more
Bitcoin bounced back above $71,000 after US President Donald Trump’s administration sent a proposal to Iran aimed at ending the war. Bitcoin (BTC) rose back above $71,000 during the early Asian trading hours on Wednesday after Trump’s administration offered a 15-point plan to Iran to end the war, sparking short-term optimism across risk assets. Key takeaways: Bitcoin bounces 4% to $71,500 after President Trump sent Iran a 15-point proposal aimed at ending the war. Read more
Bhutan moved 519 Bitcoin from its state-linked wallet, extending a March drawdown that has cut its sovereign stash far below 2024 levels. Bhutan moved more Bitcoin from its state-linked wallet on Wednesday, extending a March drawdown in its sovereign holdings. Arkham data showed a Bhutan government-linked wallet transferred about 519.7 BTC, worth roughly $36.7 million, to two wallets on Wednesday. Onchain Lens said one of the destination wallets was linked to trading firm QCP Capital. The move marked the Bhutan-tagged wallet’s third large Bitcoin transfer in March, following the $72 million moved in six separate transactions in the 24 hours leading up to March 18, and the $11.8 million moved on March 9. Read more
A crypto wallet tied to a convicted drug dealer thought to have lost his wallet keys transferred 500 Bitcoin to Coinbase on Tuesday. Irish national police say they have cracked one of 12 Bitcoin wallets linked to a convicted drug dealer, years after they were confiscated and their access codes were thought to be gone forever. Ireland’s Criminal Assets Bureau (CAB) said in a statement on Tuesday that it had “gained access to and seized a cryptocurrency wallet” containing 500 Bitcoin (BTC), worth more than $35 million, with the help of Europol's European Cybercrime Centre. “Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau investigators and analysts with the provision of highly complex technical expertise and decryption resources vital to the success of the operation,” the CAB said. Read more
Falling tech stock prices and rising bond yields have forced a rush for cash, preventing Bitcoin from gaining any bullish momentum. Key takeaways: Investors dumped gold and bonds for cash as war-driven oil spikes and inflation forced a defensive market stance. Rising yields and a 20% rate hike chance signal a tight outlook, leaving Bitcoin vulnerable amid soaring US debt. Read more
Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody. Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin (BTC) without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO and co-founder of Lombard, told Cointelegraph: Read more