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Bitcoin Freefall: $70,000 Support Shatters as Bears Take ‘Firm Control’

Coins Legend February 5, 2026 0

Bitcoin plunged below $70,000 for the first time since November as the broad selloff dragged total crypto capitalization to $2.47 trillion. Some experts warn of deeper corrections toward $67,000, while others frame the drop as a healthy reset, predicting eventual new highs in 2026 amid

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Nic Carter Maps Developer Views on Quantum Threats to Bitcoin Security

Coins Legend February 5, 2026 0

Bitcoin developers largely dismiss quantum computing as a near-term threat to network security, according to an index of public statements compiled by Nic Carter. Carter’s Index Shows Bitcoin Developers Largely Unmoved by Quantum Computing Warnings Nic Carter, a general partner at Castle Island Ventures and co-founder of Coin Metrics, assembled comments from Bitcoin

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South African Firms Launch a Local Currency-Backed Stablecoin

Coins Legend February 5, 2026 0

A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and fintech firms—Luno, Sanlam Specialised Asset Management, Easyequities, and Lesaka—has unveiled ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the

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Chinese Money Laundering Networks Funneled $16.1 Billion in Crypto in 2025

Coins Legend February 5, 2026 0

In 2025, Chinese-language money laundering networks processed $16.1 billion in illegal crypto, nearly 20% of the global underground economy. Telegram Channels as Laundering Hubs Chinese-language money laundering networks funneled an estimated $16.1 billion in illicit funds through cryptocurrency transactions in 2025, according to a new report from blockchain analytics firm

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Are Markets in a Bubble? Top Economists See Strength — With Caveats

Coins Legend February 5, 2026 0

Fears of a looming market bubble have returned as stock prices climb and artificial intelligence spending accelerates, but several leading economists argue that the broader economic picture remains more stable than the headlines suggest. From Wall Street valuations to U.S. growth and global resilience, their message is consistent: conditions look stretched in places, but

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Binance Dominates Crypto Reserves With $155 Billion Lead

Coins Legend February 5, 2026 0

Coinmarketcap’s latest Proof of Reserves report shows Binance holding an overwhelming lead in exchange reserves, showcasing sharp differences in scale, liquidity, and asset strategies across major crypto platforms. Proof of Reserves Highlights Binance’s Liquidity Advantage Coinmarketcap (CMC) has published its January 2026 Major Crypto Exchange Reserves Ranking, offering a

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Wintermute Founder Casts a Cold Eye on Crypto’s Direction

Coins Legend February 5, 2026 0

Wintermute founder Evgeny Gaevoy offered a blunt assessment of crypto’s current condition on Wednesday, arguing that the industry has stalled on substance even as speculation continues to dominate attention. Gaevoy Criticizes Stablecoins, Perp Exchanges, and Token Design In a thread published on X on Feb. 4, 2026, Gaevoy, CEO of market-making firm Wintermute, dismissed

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FIDD Goes Live — Fidelity Brings Its Digital Dollar Stablecoin to Crypto Markets

Coins Legend February 4, 2026 0

On Wednesday, Fidelity Investments’ digital currency arm Fidelity Digital Assets announced it launched its first stablecoin, the Fidelity Digital Dollar (FIDD), marking the firm’s formal entry into the U.S. dollar–pegged digital currency market. Fidelity Launches USD-Pegged Stablecoin on Ethereum Network Fidelity Investments, which oversees more than $12 trillion in assets

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Polymarket’s Free Grocery Store Pop-up Aims to One-up Kalshi’s Viral Giveaway

Coins Legend February 4, 2026 0

Two rival prediction markets took their competition offline and into the checkout aisle this month, as Polymarket and Kalshi rolled out free-grocery stunts in New York City that blended viral marketing, civic signaling, and a not-so-subtle flex at a moment when food prices — and regulatory pressure — are both uncomfortably high. Free Groceries in […]

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Bitcoin Falls to $72,000 Intraday Low, Market Cap Down $500B Since Mid‑January Peak

Coins Legend February 4, 2026 0

Bitcoin fell below $73,000 for the second straight day, extending a volatile week in which it lost nearly 18% of its value and erased about $500 billion from its market cap since mid‑January. Bitcoin Erases Gains as Liquidations Mount For the second consecutive day, bitcoin slid below the $73,000 threshold, extending a volatile week that […]