Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed […]

Funding for crypto startups rose to over $1 billion in April, with investors focusing on tokenization, Web3 infrastructure, and institutional demand amid the bull market.

TL;DR Fee Reimbursement Campaign: PancakeSwap is offering to refund $8 million in interface fees to Uniswap users who match their trading volume on PancakeSwap v3, from May 16 to August 15, as a strategic move to attract traders after Uniswap increased its fees. Incentives and Efficiency: To draw users, PancakeSwap has proposed various incentives, including enhancing the veCAKE […]

TL;DR The DFINITY Foundation presents a detailed work plan for Internet Computer (ICP), a rapidly growing blockchain backed by significant investors. The new plan focuses on nine key areas, such as decentralized artificial intelligence, on-chain privacy, and interoperability with other blockchains like Ethereum and Bitcoin. ICP’s development is expected to address the challenges of on-chain […]

China’s tough outlook on crypto has claimed another victim, with an illegal bank facilitating USDT transfers taken out yesterday. Chinese police arrested 193 suspects in relation to the unlawful activity. The bank had been responsible for over AU$2b worth of crypto transactions since starting in 2021. The Chinese hardline stance on cryptocurrency transactions has yet […]

We are proud to announce that, for the second year running, Kraken has been recognized at the annual European Customer Centricity Awards (ECCAs). We won the Customer Insight & Feedback category and were shortlisted for Customer Centric Culture and Customer Centricity in B2B. Overcoming strong competition, this second award follows our 2023 ECCAs win in […]

The Commodity Futures Trading Commission (CFTC) has issued a stark warning, including cryptocurrencies, to students and young job seekers: beware of becoming an unwitting “money mule.” In a recent advisory, the CFTC’s Office of Customer Education and Outreach (OCEO) cautioned that criminal organizations target young people with seemingly easy, stay-at-home job offers that involve moving […]

“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He […]

Bulls in Dogecoin (DOGE) seem to have stepped up their game as the daily price chart of the biggest meme coin in the world is trending positively, fueling speculations about an impending rally. Kevin Capital, a cryptocurrency market expert and enthusiast has offered insights on DOGE’s price action, confirming an effective break out for the […]

The first month after the Bitcoin halving last month has been uneventful. However, this might change soon as CryptoQuant observed a serious spike in the volume of stablecoins entering the market. Interestingly, there are significant jumps in stablecoin inflows at various points, often corresponding with movements in bitcoin’s price. Surge in Liquidity Signals Strong Bullish […]

Andrew Tate, a British-American social media personality and former professional kickboxer, has announced a plan to invest significantly in bitcoin, expressing frustration with banks and their scams. “I’m about to leave fiat completely,” he stressed. “I’m done with the banks. I’m done with their money. Done with the scams.” Andrew Tate Plans to Shift ‘100M’ […]

CoCo Coin Introduces a New Paradigm in Cryptocurrency … SAN FRANCISCO, CA / ACCESSWIRE / May 16, 2024 / Memecoins, like CoCo Coin, are offering unique …

Members of a United Nations expert panel monitoring North Korea sanctions reportedly found a link between the totalitarian state and the crypto mixer Tornado Cash. According to Reuters, a confidential document from the monitors told the U.N. Security Council sanctions committee that North Korea used Tornado Cash to launder $147.5 million worth of stolen crypto […]

BlockDAG’s Dashboard Innovation Drives Growth, Surpassing Solana And SHIB Market Forecasts Amidst the dynamic shifts in the cryptocurrency landscape, BlockDAG has emerged as a standout with its advanced dashboard, attracting both new and seasoned investors. While Solana exhibits signs of resurgence backed by notable institutional investment, and SHIB’s market prospects depend on surpassing key resistance […]

What happened in crypto industry over past day? Read U.Today’s news digest to find out!

Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions.

The authorities in Canada have arrested Aiden Pleterski, who called himself the “Crypto King,” and charged him with fraud and money laundering. He allegedly swindled investors out of CAD 40 million (about USD 30 million) with his crypto and foreign exchange Ponzi investment scheme. The Fall of “Crypto King” The announcement yesterday (Wednesday) by the […]

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in […]

TL;DR Global investment firm Millennium Management reveals its participation in Bitcoin ETFs in the first quarter of 2024. The firm holds around $1.9 billion in BTC ETFs, distributed across various products from different issuers. More than 563 companies report a combined investment of $3.5 billion. Millennium Management, a global investment firm with over $60 billion […]

TL;DR Hedera (HBAR) is experiencing strong momentum due to the increase in new accounts created on its network, generating positive expectations about its growth potential. Its network shows steady growth driven by both the rise in DeFi application usage and the spike in new address creation. HBAR stands out for its ability to host a […]

Bitcoin’s rally boosts MicroStrategy’s stock, which also outperforms BTC itself. MicroStrategy is added to the prestigious MSCI Global Standard Indexes, reflecting wider crypto acceptance. The company’s inclusion in the index marks a significant recognition of cryptocurrencies in mainstream finance. Bitcoin-bull Michael Saylor would have all the reasons to be smiling these days, not only is […]

Decentralized blockchain network Internet Computer Protocol (ICP) has released a new roadmap for driving decentralized artificial intelligence (DeAI) and chain fusion in the web3 space. According to an official statement sent to CryptoPotato, ICP is unveiling the Year 4 Internet Computer Roadmap to celebrate the third anniversary of its mainnet launch. ICP Releases New Roadmap […]

The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their identities. If convicted, each faces up to 20 years in prison for each count. DOJ […]

The U.S. Secret Service has seized a web domain used in a recent cryptocurrency confidence crime known as “pig butchering.

The US Senate just passed a bill overturning SEC guidelines that disincentivize banks and large financial institutions from holding Bitcoin and crypto assets. The legislation, which succeeded in the House last week, has now passed the Senate in a 60-38 vote and is headed to President Biden’s desk. The bill reverses an SEC accounting rule […]

May 16, 2024 – Zug, Switzerland Web 3.0 data access layer Subsquid has confirmed that its SQD token is to list on several tier-one crypto exchanges. The native Subsquid token will be simultaneously listed on Gate.io, Bybit, KuCoin, CoinList and MEXC Global on May 17, 2024. Markets for trading SQD will open at 1:00 a.m. […]

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.

Following another rejection, Floki paused buying earlier today and pulled back on the lower timeframe. But it appeared to be rising back after increasing by 3% increase in the past hours – looking for a breakout.  So far, Floki has registered notable gains since it started to show signs of strength some weeks back. It […]

Michael Saylor delivers surprising Bitcoin declaration amid meme coin mania

The cryptocurrency exchange Bybit has experienced significant growth over the past year and, after five years of operation, has surpassed 20 million users. However, its expansion is not as dynamic in some regions due to local regulatory challenges. One such example is France, where the local financial commission, AMF, blacklisted Bybit two years ago. Now, […]

Vanguard, one of the world’s largest investment firms, has named a new CEO: Salim Ramji, who previously led BlackRock’s ETF business and helped launch its spot bitcoin ETF, IBIT in January. JUST IN: Vanguard appoints Salim Ramji as a new CEO, a former Blackrock’s #Bitcoin ETF lead. Earlier, Vanguard refused to offer BTC ETF 👀 […]

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Bitcoin: Hashrate […]