The market decline was accompanied by a decline in the S&P 500 and Nasdaq Composite indices

BTC sought a rebound after multi-month lows on March 10, as traditional sell-offs accompanied the opening of Wall Street trading.TradingView data showed that the BTC/USD pair lost approximately 4% on the day, dropping to $79,170 on the Bitstamp exchange.Weakness continued into the end of the week as investors worldwide sought safe-haven assets.Wall Street stocks also saw significant declines: the S&amp;P 500 and Nasdaq Composite indices lost 2% and 3.5%, respectively.Reacting to the situation, the analytical resource The Kobeissi Letter noted that U.S. government spending cuts, initiated by the Department of Government Efficiency (DOGE), may have contributed to the market downturn.“Despite the focus on the trade war, the impact of revised government spending expectations should not be underestimated,” The Kobeissi Letter stated in its latest analysis on platform X.The Kobeissi Letter also pointed out that the cryptocurrency market has lost $1 trillion in capitalization over the past two months.“The rally that followed the announcement of the U.S. Strategic Reserve has been completely erased,” the report added, commenting on BTC/USD price movements.Market sentiment remained mixed, as investors were uncertain where a more stable bottom for BTC might form.Popular trader and analyst Rekt Capital advises market participants to watch for a rising Relative Strength Index (RSI) during price declines as a potential reversal signal.“In the future, it will be important to monitor how Bitcoin forms lower lows on the price chart and higher lows on RSI — this is a sign of bullish divergence,” the user wrote, analyzing daily timeframes.

Bitcoin lost 6% of its value over the past week

Popular streamers announced their intention to launch a cryptocurrency server for the expected new product

Adin Ross and Richard "FaZe Banks" Bengtson have announced their intention to create a cryptocurrency server for Grand Theft Auto VI (GTA 6).Both are influential figures in the gaming and streaming communities. During a live broadcast, they stated that they plan to integrate their own digital token into the game's economy.“When GTA 6 comes out, Ricky and I will create the biggest server together. I promise you, it will be fully crypto-based. Everything will be connected to crypto. This will change the game,” Ross stated.FaZe Banks added that the server's economy will operate on a "newly created coin," while Ross mentioned that they are investing significant funds into its development.Overall, their vision focuses on an in-game economy based on blockchain. However, the developer of the Grand Theft Auto series, Rockstar Games, has traditionally opposed the use of cryptocurrencies and NFTs in its games.In 2022, the company released a statement banning the integration of such assets into private servers for GTA Online and Red Dead Online.Despite these restrictions, discussions within the community continue about a possible shift in Rockstar's policy with the release of GTA 6. Some rumors suggest that cryptocurrency rewards or payment options may appear in the game, though there is no official confirmation of this.

Adin Ross and FaZe Banks plan to create a cryptocurrency server for GTA 6

This opens up new opportunities for fast and seamless transactions, including micropayments and international transfers

Tether has added support for the USDT stablecoin within the Bitcoin ecosystem—both at the base layer and through the Lightning Network.The integration was made possible through the Taproot Assets protocol developed by Lightning Labs.This initiative provides a scalable and seamless payment solution, enabling microtransactions, remittances, and cross-border settlements.Tether and Lightning Labs plan to continue collaborating to further develop the ecosystem and support the community.In October 2024, the issuer reported that stablecoins had been utilized across 330 million cryptocurrency wallets and on-chain accounts.By the start of the fourth quarter, the number of USDT holders had reached 109 million, more than double that of BTC and approaching ETH figures.

Tether integrates USDT into the Bitcoin ecosystem via Lightning Network

How did this happen and what is known about the scale of the damage?

<span style="background-color:transparent;color:#cccccc;font-family:Montserrat,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Recently, hackers took control of the Litecoin page on X with 1.1 million followers, using it to advertise a fake meme token. The project team quickly regained access and apologized, clarifying that the fraudulent posts were live for only a few seconds. <span style="background-color:transparent;color:#cccccc;font-family:Montserrat,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">However, Litecoin was not the only victim: the account of the Foresight Ventures fund with 28,000 followers was used to announce fake tokens, and the account of LayerZero Labs CTO Ryan Zarik was used for a fake airdrop. The Holoworld AI project with 150,000 followers also suffered. <span style="background-color:transparent;color:#cccccc;font-family:Montserrat,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Despite the quick actions of the teams, some users, judging by the comments, had already fallen victim to the scam. The exact amount of damage has not yet been. <span style="background-color:transparent;color:#cccccc;font-family:Montserrat,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">According to PeckShield, in 2024, losses in the crypto industry from the actions of criminals amounted to $3.01 billion. It is worth noting that earlier on-chain analyst ZachXBT reported on a hacker who earned $500,000 using X-accounts to promote fraudulent crypto schemes. <span style="background-color:transparent;color:#cccccc;font-family:Montserrat,sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Cyberattacks are becoming increasingly sophisticated, and account protection has become a top priority for both projects and their users. To minimize risks, it is important to use two-factor authentication (2FA) and regularly change passwords, avoiding the use of the same password for different platforms. In addition, it is crucial to carefully check information about tokens and airdrops to avoid falling victim to scammers.

Hackers compromised X-accounts of crypto projects to promote fake tokens

We are pleased to announce that our exchanger has become a partner of the first crypto startup in Ukraine

Dear customers,We are pleased to inform you about our cooperation with a new partner! Kursoff is a large-scale crypto startup that has already become a real guide to the world of crypto for users.We are proud to be part of a project known for its reliability and transparency. Partnering with such a serious player is an indicator that our exchanger is reaching new heights and meets the highest standards of the cryptocurrency market.The Kursoff platform has an exchange service aggregator, which aims to provide users with reliable information about exchangers and guarantee safe transactions. In addition, Kursoff provides access to the latest news, crypto events, and offers proven analytical tools.Partnership with Kursoff opens up even more opportunities for us, as together we support the development of an independent Ukrainian crypto community.Thank you for your trust! We always strive to provide you with the best features and services.Sincerely, First-btc.io &nbsp;

First-btc.io has started cooperation with Kursoff

One of Bitcoin's core developers made a shocking confession in HBO's documentary. But is he truly the creator of BTC?

In the HBO documentary Money Electric: The Bitcoin Mystery, producer Cullen Hoback attempts to uncover the mystery of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Hoback presents "evidence" pointing to Peter Todd, a Canadian Bitcoin core developer, as the inventor of the most famous cryptocurrency.The final scene of the film shows Todd responding to Hoback's provocative question with the phrase, "Well, yes, I am Satoshi Nakamoto." However, such an admission should be taken with caution — Todd himself has repeatedly used this phrase as a way to protect the real creator of Bitcoin, emphasizing the right to anonymity.Before the film's release, Todd openly denied his involvement in Bitcoin’s creation and expressed skepticism about Hoback's conclusions, especially after clips from the documentary leaked online, sparking a wave of speculation.Even after the official release of the documentary on October 8, Todd again refuted his "confession" on social media, stating, "I am not Satoshi." He has joked about this topic multiple times, such as in the What Bitcoin Did podcast in 2019, where he said, "I am Satoshi, just like everyone else."While Hoback tries to present his "evidence" as the key to solving the mystery, most of it is based on Todd's past statements, which seem more like irony than truth. For example, in a chat message, Todd sarcastically claimed to be the "best expert in donating his bitcoins." Hoback interprets this as an admission that Todd might have lost access to 1.1 million bitcoins believed to be Nakamoto's holdings.The HBO documentary raises more questions than it answers. Is Peter Todd really hiding his involvement, or is it just a game to keep the intrigue alive? &nbsp;

Peter Todd admits being Satoshi Nakamoto in new HBO documentary

After a series of improvements, cash exchange is reactivated. We are actively expanding the list of cities and fiat currencies available for withdrawal.

Dear users, We are pleased to announce that after implementing several enhancements, First-BTC is once again offering cash exchange directions! The cash exchange service was temporarily disabled, but it is now back online, and we are actively working to add new cities and fiat currencies for exchange. &nbsp;Please note that the expansion process is ongoing: soon, our service will offer new cash withdrawal directions in different cities, with more currencies available for exchange. Our team is continuously improving the quality of service to make the exchange process as convenient as possible for you. &nbsp;If you have any questions or suggestions, our support team is always at your service. We value your feedback as it helps us make First-BTC even better! &nbsp;Thank you for choosing First-BTC. Stay with us and take advantage of the new opportunities today! &nbsp;

First-BTC restores cash directions

We continue to provide quality services on the new domain, now available for users with Ukraine geo.

Dear customers, Please note that the crypto service First-BTC has moved to a new domain – first-btc.io. If you have bookmarked the exchange service address for convenience, please update the link to ensure uninterrupted access to our services.We will continue to provide the high quality service you've come to rely on. In addition, we are pleased to inform you that First-BTC services are now available for users with geolocation in Ukraine, expanding our opportunities for cooperation and convenience.Thank you for your confidence and support. We are always striving to improve our services for you!Sincerely,The First-btc.io team

First-BTC has moved to a new domain: update your bookmarks

Argentine footballer Lionel Messi has begun promoting the eco-friendly meme token WaterCoin (WATER) on the Solana blockchain through his Instagram stories.

Lionel Messi, the legendary Argentine footballer, has joined the ranks of celebrities promoting cryptocurrencies by endorsing the eco-friendly meme token WaterCoin (WATER).This token, operating on the Solana blockchain, aims to draw attention to crucial water resource issues and offer solutions through charitable initiatives. WaterCoin plans to collaborate with leading global organizations focused on clean water and sustainable development.The WaterCoin project has scheduled its release in several stages named "Rain," "River," "Sea," and "Ocean." These stages include:1. Token Presale: Initially, the token was introduced to a limited group of investors to raise initial capital and build a support base.2. Centralized Exchange Listing: The main launch of the token, making it available on various cryptocurrency exchanges, accompanied by a marketing campaign and public statements.3. Celebrity Partnerships: Involving well-known personalities to promote the token and enhance its media presence.4. Conversion to a Charitable Currency: The ultimate goal of the project is to transform WaterCoin into a "charitable eco-currency" with global acceptance and use in charitable initiatives.The initial launch of the token experienced some trading anomalies, leading to a sharp drop in its value. However, in recent days, the price of WaterCoin has stabilized, instilling some optimism among investors and project supporters.Legal experts warn that celebrity promotions of cryptocurrencies, like Messi's involvement, might attract the attention of the U.S. Securities and Exchange Commission (SEC). Regulators may see such actions as potential violations of securities laws, which could lead to legal consequences for both the celebrities and the cryptocurrency projects themselves.Despite the possible risks, Messi's participation in promoting WaterCoin has garnered significant public and investor attention, which in turn may help achieve the project's stated goals of improving water resources worldwide.

Lionel Messi backs promotion of eco-friendly meme token WaterCoin

Evaluate the new interface and help us improve it by providing your feedback.

Dear Users,You already know that the online cryptocurrency exchange service First-BTC has undergone a redesign. We have worked to make the interface more modern and convenient for you. Navigation is now easier, and access to key features is faster.However, as with any update, there may be imperfections. If you encounter any non-working features or any problems on the site, please let us know via the support chat. Your feedback is extremely important to the First-BTC team, as we strive to make our service better for each of you.We thank you for your understanding. Please don't lose sight of our exchange service and stay with us!First-BTC – Making crypto simpler!

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