Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion. The investment is expected to improve economic conditions in countries like Kuwait, Bahrain, […]

Read U.Today’s news digest to stay informed on the latest events in the crypto industry!

The Mt. Gox repayment plan, initiated earlier this year, might finally be drawing to a close after more than ten years. A wallet associated with Mt. Gox sent over US $2b worth of Bitcoin to an anonymous wallet, which data analysts Arkahm Intel believe belongs to exchange BitGo. BitGo is one of five exchanges tasked […]

Texas-based Bitcoin mining company Core Scientific has announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial size of the offering was $350 million, which has been upsized due to favorable market conditions. Scheduled to settle on August 19, 2024, the notes will be issued […]

The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope.  In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at […]

44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief.

In a major move within the Blast Network, two addresses—likely controlled by the same whale—recently redeemed 6,197 ETH from the Blast cross-chain, transferring the entire sum, valued at $17.04 million, into Binance within the last hour. This whale, known for their significant contributions to the Blast ecosystem, initially invested 39,886.1 ETH during Blast’s launch, an […]

Cryptocurrency exchange Bitget has announced the appointment of Hon Ng as its new Chief Legal Officer (CLO). The move comes as the company seeks to strengthen its regulatory compliance and global expansion efforts. Bitget Bolsters Legal Team Ng, a seasoned legal professional with over two decades of experience, joins Bitget from Binance, where he served […]

A leading pro-cryptocurrency political group has dumped millions of dollars into high-profile Michigan and Arizona Senate races to back Democrats …

Dogecoin has certainly dipped quite far from its highest point so far this year. While this sideways movement and a recent correction have lingered on for quite some time, the price action is a reflection of the wider crypto market movement. However, DOGE continues to attract bullish opinions among traders. Its popularity and status as […]

New filings reveal that financial services titan Goldman Sachs is holding hundreds of millions of dollars worth of spot market Bitcoin (BTC) exchange-traded fund (ETF) holdings. According to new Form 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million worth of BTC ETF shares. Other blue-chip […]

Coinbase wants the U.S. Securities and Exchange Commission (SEC) to produce documents related to its regulatory decision-making processes surrounding several digital assets. The top US crypto exchange has asked a judge to order the regulator to search for and produce documents related to its previous communication with crypto issuers. Coinbase also argues that the SEC […]

TL;DR Share value: Goldman Sachs owns about $238 million worth of shares in BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT). Ranking position: The entity is the third largest shareholder of IBIT, behind Millennium Management and Capula Management. Market Impact: Goldman Sachs’ Mathew McDermott sees the approval of Bitcoin spot ETFs as a “huge psychological […]

In a recent report, Coinshares and author Max Shannon examine the potential impact of the 2024 U.S. presidential election on bitcoin, with a focus on the policies and positions of former President Donald Trump and current Vice President Kamala Harris. Coinshares’ analysis suggests that the outcome could significantly influence the regulatory landscape for digital assets. […]

X user takes home $100,000 USDC prize

Bitcoin continues to provide a massive breakthrough in the digital age by allowing people to transact between each other without third parties. Bitcoin Magazine covered Silent Payments over two years ago to shed light on one of Bitcoin’s shortcomings: privacy. It was a problem then and it still is today…as stated: “…a push based payment […]

Despite the falling number of smart contract exploits, hackers could surpass the previous year in terms of total value stolen.

Donald Trump and Elon Musk held a live chat, during which they didn’t mention the word crypto or Bitcoin, causing a massive sell-off in Trump-centric memecoins. Polymarket saw a vast amount of volume, nearly US$5M, on words Trump could say during the interview. “Crypto” was the most heavily wagered word with nearly US$850K. It wasn’t […]

The Singapore-based cryptocurrency exchange Crypto.com has secured a first-of-its-kind partnership with the Union of European Football Associations (UEFA) Champions League. According to an official announcement, Crypto.com will serve as the official global sponsor of the UEFA Champions League during the multi-year partnership, earning it a spot as the football competition’s first and exclusive crypto platform […]

Crypto.com and UEFA announced today (Wednesday) a new multi-year partnership, making Crypto.com the first and exclusive global cryptocurrency platform partner of the UEFA Champions League. Under this agreement, Crypto.com will serve as an official global sponsor for the league. Unveiling UEFA Partnership The partnership includes efforts to enhance fan engagement by creating specific experiences at […]

A closely followed crypto analyst says that Bitcoin (BTC) may be forming a bullish pattern, setting up a massive breakout. In a new strategy session, crypto trader Ali Martinez tells his 69,300 followers on the social media platform X that Bitcoin could soon soar more than 7% from its current value in the short term. […]

A significant player in the crypto world, known as cookislandstrust.eth (icrypto.ai/wallet/0x315e7…), has recently made substantial investments in $PEPE, continuing to capitalize on market dips. On August 5, 2024, this whale investor seized the opportunity during a market downturn, spending $2.15 million to acquire 300 billion $PEPE tokens at an average price of $0.00007161. This purchase […]

HONG KONG, Aug. 14, 2024 /PRNewswire/ — The cryptocurrency market is currently facing significant volatility, with Bitcoin recently falling below …

MATIC, Polygon’s native token, recently suffered a significant price decline amid a broader market downturn. The token dropped over 20% in the past month, reaching its lowest price level in two years. As the market recovers, some analysts have made a bullish case for the token but warned of a key level to watch. MATIC […]

Forget about it. Vanguard is not launching a Bitcoin ETF

TL;DR MetaMask, Mastercard and Baanx launch the MetaMask Card, the first blockchain-based debit card that allows spending cryptocurrencies directly from MetaMask. The card is available in a pilot phase for a limited group of users in the EU and UK, with plans for global expansion in the future. Users can make purchases with USDC, USDT […]

Essential has successfully secured $11 million in Series A funding. The round was led by Archetype, with contributions from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM, and Propeller Heads, and others. This funding will accelerate the development of Essential’s blockchain, which aims to revolutionize web3 by […]

We are pleased to announce that Alex Mehrdad has been appointed the new General Manager of our Canadian operation and will spearhead the next phase of our operational growth across Canada. The news follows an important year of hyper-growth for our Canadian business under Mark Greenberg’s stewardship, which resulted in Mark’s promotion to lead a […]

A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into […]

A Harris administration could be younger and more pragmatic and bring “a fresh perspective toward crypto,” some believe.

KuCoin Türkiye has announced new developments to strengthen its position in the Turkish crypto market. The most notable of these is the appointment of Rıdvan Bahadır as the new Deputy General Manager, coupled with KuCoin Türkiye’s grand sponsorship of the upcoming Istanbul Blockchain Week. AML Expert According to a statement by the exchange, Bahadır’s appointment […]

The U.S. Securities and Exchange Commission (SEC) has sent letters to several venture capital (VC) firms over their links to the operator of the Ethereum (ETH)-based decentralized exchange Uniswap, according to a report by online publication Axios. Citing multiple sources, Axios says that the SEC has sent letters to Andreessen Horowitz, Union Square Ventures and […]