Bitcoin miner Canaan boosted its BTC and ETH reserves to record levels in February, expanding its Texas operations even as many public mining firms reduce holdings. Bitcoin mining company Canaan increased its digital asset holdings to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions for miners. In its February unaudited mining update issued Tuesday, Canaan said it produced 86 Bitcoin (BTC) during the month, bringing its total holdings to 1,793 BTC, a new record for the company. Canaan’s Ether (ETH) holdings also reached a record high of 3,952 ETH, with the combined value of its digital asset treasury totaling roughly $128 million at current prices. Read more
Bitcoin copied a relief rally in stocks, but concerns focus on downside liquidity and looming 50-day moving average resistance. Bitcoin (BTC) found fresh strength at Tuesday’s Wall Street open as bulls eyed a revisit of local highs. Key points: Bitcoin attempts to push toward the top of its local range, hitting new week-to-date highs. Read more
Republicans in the US House of Representatives have threatened the future of an affordable housing bill if it doesn’t include an outright ban on CBDCs. Republicans in the US Congress want to ban any possibility of a central bank digital currency (CBDC). To do so, they’re threatening progress on a bipartisan housing bill. A group of Republican members of the US House of Representatives wrote a letter dated March 6, expressing the “dire need to prohibit a Central Bank Digital Currency from ever happening in the United States.” The letter cited familiar arguments claiming a CBDC would threaten financial privacy and grant the US Federal Reserve unprecedented financial surveillance powers. Read more
The move to revive Solana ecosystem journalism comes after a $40 million treasury wallet breach at parent Step Finance led to its shuttering. The Jito Foundation has acquired SolanaFloor, a data and journalism platform covering the Solana ecosystem, and plans to relaunch the site after it shut down earlier this year following a security breach at its parent organization. The platform went offline in February after its parent company, Step Finance, wound down operations following a treasury wallet breach. Before shutting down, SolanaFloor provided ecosystem news, research and onchain analytics tracking projects and market activity across the Solana network. Under the deal, SolanaFloor will resume operations under the Jito Foundation and continue publishing coverage of developments across the Solana ecosystem, according to a company press release shared with Cointelegraph. Read more
Trust Wallet launched address poisoning protection on 32 EVM chains, adding scam address screening as wallet security pressure intensifies. Trust Wallet has introduced address-poisoning protection, adding a new screening feature designed to help users avoid sending cryptocurrency to scam wallets that mimic legitimate addresses. The noncustodial wallet provider said Tuesday that the new feature will automatically run a destination address check against a database of known scam and lookalike addresses to prevent malicious transactions. The rollout initially covers 32 Ethereum Virtual Machine-compatible blockchains, including Ethereum, BNB Smart Chain, Polygon, Optimism, Arbitrum, Avalanche and Base. Trust Wallet called address poisoning attacks one of the “fastest-growing threats in crypto,” and claimed there have been over 225 million attacks and $500 million in confirmed losses to date. Read more