Banking giant JPMorgan has won the bid to take over all the assets of the troubled First Republic Bank after efforts to revive it failed.
CoinTelegraph
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Bitcoin Traders Brace for Volatility as Sellers Defend $105K Level Despite ‘Crypto Winter’ Fears
Bitcoin hovered around $102,000 on Thursday, as traders struggled to push the price beyond the $105,000 resistance level amid rising sell pressure. Selling Pressure Builds Around $105,000 Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s rebound losing steam following the daily open. Analyst Skew noted that Bitcoin’s price appeared capped by a cluster of sell orders just above $105,000, adding that this was “not surprising.” He warned that the increase in sell-side liquidity could be a deliberate attempt to suppress prices during Asian trading hours. Trading analytics platform Material Indicators highlighted that the significant ask liquidity had not yet caused a price correction, suggesting the seller could be trying to drive Bitcoin down toward the $98,000 to $93,000 range. “If price hits $105k, I’d expect part if not all of those asks to get pulled,” the group said, noting that Bitcoin’s bounce from its 50-week simple moving average still carries “macro bullish implications.” Traders Eye Potential Dip Market commentator Exitpump described the $105,000 sell wall as “insane,” while other analysts suggested the liquidity might not be genuine. Meanwhile, veteran investor Kyle Chasse cautioned that another short-term price drop could occur, pointing to a buildup of bid liquidity below current levels. “Confidence could get wiped in a heartbeat,” he said, referencing CoinGlass data showing clusters of liquidations awaiting lower price zones. External Market Factors at Play Bitcoin’s latest movements also coincided with cooling momentum in U.S. equities, which have been retreating from all-time highs. Speculation around the Supreme Court possibly overturning international trade tariffs added uncertainty to broader markets. Analysts believe that if the Court strikes down the tariffs, it could trigger a rally in equities — but potentially divert short-term liquidity away from Bitcoin. As of Thursday afternoon, Bitcoin remained volatile, trading narrowly between $101,500 and $103,500, with traders keeping a close watch on the critical $105,000 resistance zone. CoinTelegraph
Bitcoin.com and Concordium to Enable Age-Verified Stablecoin Payments Across 75 Million Wallets
Bitcoin.com is partnering with Layer-1 blockchain Concordium to introduce age-verified stablecoin payments to a global user base of more than 75 million wallets. The collaboration will integrate Concordium’s ‘1-Click Verify & Pay’ technology into the Bitcoin.com wallet, creating a compliant, privacy-preserving payment solution designed to support regulatory demands without compromising user anonymity. Currently under development, the integration is set to launch soon. It allows users to confirm specific identity attributes, such as age or jurisdiction, without exposing personal data or engaging in complex identity verification processes. All verifications are conducted off-chain by trusted third-party providers, and no personal information is stored on the blockchain. Zero-knowledge proof (ZKP) technology ensures that each transaction remains private while adhering to regulatory standards. “At Bitcoin.com, our focus has always been on empowering people to take control of their finances through self-custody,” said Corbin Fraser, CEO of Bitcoin.com. “As the regulatory landscape evolves, partnerships like this one with Concordium help bridge the gap between privacy and compliance. By enabling age-verified payments that preserve user anonymity, we’re supporting a maturing crypto industry, one where individuals maintain sovereignty over their data while giving regulators the confidence they need for Bitcoin and crypto to achieve global adoption.” Concordium CEO Boris Bohrer-Bilowitzki added, “Partnering with Bitcoin.com brings our vision to life: secure, verified, reliable, and cheap payments that work for everyone, from individuals to institutions. By combining anonymous verification and payment into one easy step, we are reducing friction for users and merchants alike, enabling a new era of Smart Money worldwide.” The solution arrives amid heightened scrutiny around digital identity systems and state-backed data collection. Instead of centralised ID frameworks, Concordium’s approach offers a decentralized, privacy-first method for verifying eligibility, particularly for products or services that are legally restricted by age. Merchants will be able to verify access and accept stablecoin payments for items such as alcohol, gambling, or adult content, while avoiding the overhead of traditional compliance processes. This development also addresses a longstanding challenge in blockchain payments: regulatory acceptance of stablecoins in real-world commerce. Although the stablecoin market has grown to over $308 billion, the vast majority of transactions remain confined to crypto trading platforms. The absence of built-in verification mechanisms has hindered their use in everyday purchases and services. Meanwhile, jurisdictions such as the UK, France, and various US states are enforcing stricter age-verification laws for digital services. In the UK alone, the introduction of the Online Safety Act has led to over 5 million age checks per day as users seek access to restricted websites. Concordium and Bitcoin.com aim to offer a crypto-native solution that aligns with these emerging requirements, without compromising user privacy. The partnership underscores a broader industry trend toward compliance-ready blockchain solutions. By integrating verified payments into the Bitcoin.com ecosystem, the companies hope to catalyze broader adoption of stablecoins beyond trading, into practical, real-world payments that meet both regulatory expectations and user demands for privacy. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTelegraph

