A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social media platform X that he’s keeping a close watch on Bitcoin’s price action at around $58,000. According to the trader, an immediate move below $58,000 […]

A foreign cyberattack has reportedly hit the city of Columbus, Ohio. The attack has disrupted various city servers and appears to have compromised data, reports the Colombia Dispatch. The ransomware group Rhysida says it’s behind the hack, listing a trove of new data for sale on the dark web. Although officials have released few details […]

Ethena Protocol has been making waves in the DeFi space by offering users high yields through its innovative stablecoin, USDe. This is achieved by holding specific assets like stETH or BTC and simultaneously shorting an equivalent amount in the perpetuals market, creating a unique mechanism for generating returns. However, the price of Ethena’s native token, […]

A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant division” and include misleading subject lines such as “Montgomery County Sheriff office false claims division.” These emails contain fake documents, including a […]

The anti-graft agency, EFCC described the cryptocurrency assets as proceeds of money laundering and terrorism financing.

To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum-based MakerDAO ecosystem. Grayscale Expands Crypto Portfolio MakerDAO is an autonomous organization […]

TL;DR The Runes protocol, launched alongside Bitcoin’s halving, has experienced a drastic drop in fee share, falling to 8.37% from its debut with $62.55 million in fees. Although the protocol represents 50% of transactions on Bitcoin, the high activity has not translated into proportional fee revenue. The decline of Runes reflects both market conditions and […]

The Ripple case could bode well for for the crypto industry

The crypto firm merged with Coinsmart and Coinsquare in 2023, securing $1 billion in assets under management in the same year.

A securities regulator in Canada has charged the head of a crypto exchange with gambling users’ crypto. According to a new official decision from the British Columbia Securities Commission (BCSC), crypto exchange ezBtc founder David Smillie used CAD $13 million ($9.48 million) in customer funds for online gambling. “The respondents perpetrated a fraudulent scheme relating […]

A closely followed crypto analyst says that Bitcoin (BTC) could suddenly plummet in value if one key level is lost as support. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that if Bitcoin falls below $53,500, there is cause for concern that the crypto king may be flipping bearish. […]

The cryptocurrency market is facing a growing liquidity crisis, as evidenced by the significant price slippages observed during recent sell-offs. According to research by Kaiko, the ongoing issue of liquidity fragmentation across crypto exchanges has resulted in noticeable price discrepancies, particularly during periods of market stress. Price Slippage Liquidity fragmentation refers to the uneven distribution […]

According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more.  This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin […]

The cryptocurrency market is bracing for the release of approximately $230 million in vested tokens across 14 different cryptocurrencies this week, potentially adding selling pressure to an already volatile environment. Scheduled for the week of August 12-18, these token unlocks could significantly impact market dynamics. According to data from Token Unlocks, key tokens set for […]

Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt Repayment On […]

A Springdale man pleads guilty to wire fraud after stealing cryptocurrency from victims from as far as Michigan.

In recent weeks, the cryptocurrency landscape has been abuzz with dramatic shifts as investors redirect their attention from Shiba Inu (SHIB) to a new rising star, Mpeppe (MPEPE). The surge in Shiba Inu’s (SHIB) burn rate by a staggering 3500% underscores a pivotal moment in the crypto market. Here’s why Shiba Inu (SHIB) investors are […]

CIRO executive Suzanne Lasrado offered her opinion on the regulatory guidelines affecting Canadian stablecoin users at the Blockchain Futurist Conference.

Find out what happened in the world of crypto over the weekend with U.Today’s news digest

TL;DR The U.S. Producer Price Index (PPI) for July increased by just 0.1%, lower than the expected 0.2%, and the annual increase was 2.2%, below the projected 2.3%. Financial markets and the crypto sector are reacting positively, with major stock indices rising and several cryptocurrencies showing gains. The slowdown in inflation is generating speculation about […]

Company Name: Fedi Founders: Obi Nwosu, Justin Moon and Eric Sirion Date Founded: June 2022 Location of Headquarters: Fully remote Amount of Bitcoin Held in Treasury: N/A Number of Employees: 27 full-time employees Website: https://www.fedi.xyz/ Public or Private? Private Just a few years back, Obi Nwosu was running Coinfloor, a successful, long-running bitcoin exchange, out […]

Coinbase has savaged the SEC’s proposal to broaden the definition of ‘exchange’ to include decentralised exchanges (DEXs), suggesting the SEC’s intention may be to stifle Web3 innovation in the US. The exchange’s Chief Legal Officer, Paul Grewal, went further on X / Twitter, labelling the proposal irrational and unnecessary and accusing the SEC of “vastly […]

Three Arrows Capital (3AC), the defunct crypto hedge fund, has its liquidators pursuing a $1.3 billion lawsuit against TerraForm Labs, the bankrupt digital assets company co-founded by Do Kwon. This legal action is part of ongoing efforts to recover funds for 3AC’s creditors following the fund’s collapse. 3AC Liquidators Pursue TerraForm Labs The Three Arrows […]

Aave, one of the leading decentralized finance (DeFi) protocols, has experienced a notable 28.83% increase in short-term traders over the past month, signaling a surge in new users and speculators. This influx reflects growing interest in Aave, as more participants enter the market to capitalize on short-term opportunities. $Aave saw a 28.83% increase in short-term […]

On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […]

It is important to strike a balance between protecting investors' interests and making a favourable regulatory environment for coin issuers.

In a surprising move that’s catching the attention of the cryptocurrency community, an Ethereum (ETH) whale has allocated a substantial portion of their wealth into Mpeppe (MPEPE), a burgeoning gambling token that promises extraordinary returns. This decision highlights a growing interest in Mpeppe (MPEPE) and its potential to redefine the landscape of both sports fandom […]

Both Kamala Harris and her running mate, Tim Walz, have yet to present clear policy positions on digital asset regulation in the United States.

An economist who accurately called that the US economy will flash signs of weakness by mid-2024 is warning that the crypto markets will witness a massive collapse in the coming months. In a new interview on the Metals and Miners YouTube channel, Henrik Zeberg says that the US economy is witnessing its largest bubble in […]

A massive pyramid scheme has been hit with an SEC lawsuit

We’re thrilled to announce that AUCTION, CPOOL, KMNO, PRCL, PRIME, TURBO, ZEX, and ZK are all now available on Kraken! Funding and trading Trading for all 8 assets will be live as of 17:00 PM UTC today, August 13th, 2024. To add an asset to your Kraken account, navigate to Funding, select the asset you’re […]

Chun Wang, the co-founder of Bitcoin mining pool f2pool and a well-known figure in the Bitcoin community, is set to command SpaceX’s first human spaceflight mission to explore Earth’s polar regions from orbit. Wang, who began mining Bitcoin back in 2011, said he has been eagerly preparing for this mission for the past 2.5 years and […]