Bitcoin spirals toward $60,000, heading to worst one-day drawdown since FTX blowup

admin February 5, 2026 Leave a Comment

One analyst points to the 200-day moving average — currently around $58,000 to $60,000 — as a potential support level to watch.

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Ex-minister adds to UK calls for ban on political donations in cryptocurrency March 1, 2026
Exclusive: Labour’s Rushanara Ali plans to intervene in elections bill amid warnings of foreign interferenceA former Labour minister has added her voice to those of a growing list of experts and senior MPs calling for a ban on political donations in cryptocurrency as concerns grow over foreign interference in British elections.Rushanara Ali, the Labour MP […]
Ministers urged to impose temporary ban on crypto political donations February 24, 2026
National security committee warns UK elections dangerously expoed to foreign money until tougher safeguards are in placePolitical donations in cryptocurrency should be subject to an urgent temporary ban to stop foreign interference in British elections, the chair of the national security committee has said.Matt Western, who leads the committee of MPs and peers, said a […]
Crypto exchange Binance may have funded Iranian entities, reports say February 24, 2026
Internal investigators said at least two accounts allegedly saw $1.7bn move to Iranian-backed groupsShortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times.The discovery was made by a group […]
South Korean crypto exchange races to recover $40bn of bitcoin sent to customers by mistake February 10, 2026
Bithumb has apologised for staff error that sent customers 620,000 bitcoins instead of 620,000 Korean won, equivalent to a few hundred US dollarsSouth Korea’s second-largest cryptocurrency exchange is scrambling to recover more than $40bn of cryptocurrency after accidentally crediting customers with 620,000 bitcoins during a promotional event last week.Bithumb said it had corrected most of […]
Files cast light on Jeffrey Epstein’s ties to cryptocurrency February 9, 2026
Newly released documents detail convicted sex offender’s early backing of bitcoin and Coinbase Millions of files related to Jeffrey Epstein have brought to light his ties to the highest echelons of the cryptocurrency industry.Documents published last week by the US Department of Justice reveal Epstein bankrolled the “principal home and funding source” for bitcoin, the […]

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OpenAI Amends A.I. Deal With the Pentagon March 3, 2026
The new pact includes additional protections to prevent the use of the company’s technology for mass surveillance of Americans.
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Paramount Won Over Warner Bros. Now for the Regulators. March 2, 2026
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Bring On Defunct: The iPod Enthralls Young Music Listeners March 1, 2026
It’s not exactly going analog, but people looking to move away from streaming say Apple’s old device is a small step away from constantly being online.
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OpenAI Reaches A.I. Agreement With Defense Dept. After Anthropic Clash February 28, 2026
The deal came hours after President Trump had ordered federal agencies to stop using artificial intelligence technology made by Anthropic, an OpenAI rival.
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Silicon Valley Rallies Behind Anthropic in A.I. Clash With Trump February 28, 2026
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Instagram to Alert Parents to Teens’ Self-Harm Searches February 28, 2026
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In a Memoir Draft, Changpeng Zhao of Binance Details the Talks Leading to His Prison Time February 28, 2026
In a draft of his memoir, Changpeng Zhao, the founder of Binance, laid out the secret negotiations that led to his imprisonment and a run-in with ICE.
Pentagon-Anthropic Standoff Is a Decisive Moment for How A.I. Will Be Used in War February 27, 2026
The Pentagon’s contract dispute with Anthropic is part of a wider clash about the use of artificial intelligence for national security and who decides on any safeguards.
Anthropic Says It Cannot ‘Accede’ to Pentagon in Talks Over A.I. February 27, 2026
Anthropic said it was standing firm on not having its A.I. used in certain scenarios by the Pentagon, which has imposed a Friday deadline on the company to give unfettered access to its technology.
Is A.I. Eating the Labor Market? + The Latest on the Pentagon, OpenClaw and Alpha School February 27, 2026
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South Korea Clears Way for Google Maps to Fully Operate February 27, 2026
South Korea approved Google’s request to export detailed map data, reversing a longstanding restriction that made the tool largely nonfunctional.
A World Where All Is Free? That’s Elon Musk’s Theory of ‘Sustainable Abundance.’ February 27, 2026
The Tesla and SpaceX chief has told his followers that they will live in a world where robots will take care of every need and people do not have to work, in what has become his latest slogan.
Elon Musk’s Secret Web of Companies in Texas February 27, 2026
The megabillionaire was tied to about 90 companies in the state, which he uses for everything from paying nannies to buying land to supporting Donald Trump’s re-election, according to a Times examination.
India Built the World’s Back Office. A.I. Is Starting to Shrink It. February 27, 2026
Artificial intelligence promises to automate the white-collar work that made India a tech powerhouse. The country is racing to adapt before it’s too late.
Google Workers Seek ‘Red Lines’ on Military A.I., Echoing Anthropic February 27, 2026
More than 100 Google A.I. employees sent a letter to Jeff Dean, a chief scientist, opposing Gemini’s use for U.S. surveillance and some autonomous weapons.

Bitcoin spirals toward $60,000, heading to worst one-day drawdown since FTX blowup

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