Widely followed crypto analyst Benjamin Cowen is offering his outlook on when Bitcoin (BTC) could potentially bottom out as the flagship digital asset hovers around $63,000. In a new video update, Cowen tells the 801,000 subscribers of his YouTube channel that the current Bitcoin price action resembles that which followed the crypto king’s second halving […]

With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs. Binance, however, denied the report, stating that the cryptocurrency exchange maintains a strict […]

The Financial Intelligence Unit (FIU) of India has registered Binance and KuCoin, months after both cryptocurrency exchanges were banned for operating illegally, Coindesk reported. While KuCoin has paid a penalty of $41,000 and resumed its operations, Binance is awaiting a penalty decision following a hearing with the FIU. Credibility Boost Vivek Aggarwal, the Head of […]

Bitcoin, the leading cryptocurrency, has recently been scrutinized by several analysts and traders as it struggles to maintain its market position. Michaël van de Poppe, a recognized figure in the crypto analysis sector, has recently expressed his concerns regarding Bitcoin’s current price trajectory. Bitcoin Risks Dropping to $52,000, Why? Taking to Elon Musk’s social media […]

Pal and Scaramucci are strong proponents of Bitcoin, noting its limited supply and high demand have driven unparalleled growth since 2012. Despite traditional investments performing well, Bitcoin’s returns outstrip those of the S&P 500 and NASDAQ, crucial for those nearing retirement. They argue Bitcoin protects against the inflation-driven debasement of currency, similar to gold, enhancing […]

According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific integrated circuit (ASIC) miners now “only allow for mining on one algorithm.” Furthermore, Downie argued that bitcoin mining devices are […]

Bitcoin network fundamentals have what it takes to support 3x market valuation

ETH price action currently focuses on a key line in the sand for Ethereum short-term holders.

New on-chain data reveals that one lucky trader is seeing a more than 86,000% gain on his Ethereum (ETH)-based memecoin investment. According to blockchain tracking firm Lookonchain noticed, one investor bought $6,500 worth of the MAGA (TRUMP) late last year and is now sitting on $5.6 million worth of funds. “The trader ‘waxl.eth’ turned $6,500 […]

Has Bitcoin struck gold? We take a closer at why the leading cryptocurrency is now on track to become the 21st century equivalent to this precious …

TL;DR Solana Surpasses Ethereum in DEX Volume: Solana has recorded the highest daily and weekly decentralized exchange (DEX) volumes, surpassing Ethereum. The latest data shows that Solana’s volume reached $1.447 billion within 24 hours and an impressive $10.786 billion over the past week. Drop in Solana’s NFT Sales Volume: Despite an increase in NFT traders, Solana witnessed […]

TL;DR Controversial exchange of statements between Tether and Deutsche Bank regarding the solvency of stablecoins. The German bank’s report reveals that only 14% of price-fixing systems have survived, questioning the future of stablecoins. A survey revealed that only 18% of respondents expect stablecoins to thrive, while 42% expect them to disappear. There was a controversial […]

The crypto scene in 2024 is really buzzing. TRON and XRP are keeping up their strong performance, while a newcomer, Raboo, is starting to make some noise. Right now, Raboo’s in the middle of its third presale stage, having already pulled in over $1.2 million and attracted 4,000 members.  The price per token sits at […]

Aside from a minor mid-week dip, crypto markets have been relatively inactive in the past several days and continue to trade sideways. However, around 18,280 Bitcoin options contracts are set to expire on May 10, which may inject some volatility. The notional value for this week’s batch of expiring BTC contracts is around $1.15 billion, […]

Argentina’s energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine $BTC with Stranded Gas: Forbes Eventually, every country will be mining #Bitcoin pic.twitter.com/bu6sCXEUJ1 — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024 […]

Bitcoin price found support near the $60,600 zone. BTC is recovering but the bears might remain active near the $63,200 resistance zone. Bitcoin tested the $60,60 support zone and started a recovery wave. The price is trading near $63,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]

The business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables advertisers to define their target audience in brief descriptions, after which X’s AI systems will quickly generate a relevant user pool for that […]

Take a closer look at the latest crypto events with U.Today’s news digest!

The community is anticipating the trading launch of Notcoin, although no one knows its price at or after listing.

May 9, 2024 UXLINK, the leading social infrastructure platform, and Binance Web3 Wallet, the top-tier cryptocurrency wallet, are thrilled to announce their collaborative marketing campaign aimed at accelerating growth within Web 3.0. This initiative rewards participants with 20 million UXUY points, through the innovative UXLINK social protocol. In today’s rapidly evolving Web 3.0 landscape, fostering […]

A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents. Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News. The revived program seeks to hand out $500 per month for a period of one year […]

Bitcoin exchange inflows have plummeted to a 10-year low, a surprising development given Bitcoin’s recent all-time high of $74,000. The current low inflows suggest that Bitcoin holders are not rushing to sell their assets, indicating a strong “HODLing” sentiment. Only about 8,400 BTC moved to exchanges recently, a stark contrast to higher historical levels when […]

The supply of new Ether tokens is outpacing burned ETH for the first time since The Merge in 2022. The catalyst is Ether’s recent Dencun upgrade, which has slashed fees to a quarter of their pre-upgrade values. However, this has caused the amount of ETH being burned to plummet. Despite the change in supply tokenomics, […]

… Cryptocurrency. HPD said these scammers will ask for Bitcoin as payment for things such as fixing a virus on your computer or cell phone, deleting …

TL;DR Despite a recent 20% weekly decline, analysts forecast a significant rally for Shiba Inu, driven by positive technical indicators. A sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other elements are seen as bullish signals for its future price. Where is SHIB Headed? The popular meme coin – Shiba Inu (SHIB) – has […]

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has taken action against cryptocurrency exchange Binance, imposing a hefty fine of nearly USD 4.38 million (C$6 million) for violations related to money laundering and terrorist financing laws. Canada Imposes Fines for Money Laundering Violations The regulatory body disclosed that Binance had failed to comply with essential […]

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An analyst has explained why the recent high in Bitcoin has experienced different market conditions than those observed during the 2021 bull run peak. Bitcoin Liquidations Have Been Short-Dominated In Recent Market High In a new post on X, on-chain analyst Checkmate pointed out how the latest 2024 high achieved following the spot exchange-traded fund […]

Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets.

Global trading and technology firm Susquehanna is making massive investments in spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new filing with the U.S. Securities and Exchange Commission (SEC), the company says it bought 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three tranches of $6.3 million, $1.05 billion and $34.77 million for a total […]

One widely followed crypto analyst says Bitcoin (BTC) needs to hold current price levels or face a precipitous drop. Crypto trader Michaël van de Poppe tells his 717,100 followers on the social media platform X that BTC could potentially fall by $10,000 in value if current levels aren’t maintained. “Bitcoin is at the range low. This is technically the area where you’d prefer […]

TL;DR Grayscale’s CEO Michael Sonnenshein remains optimistic about the approval of a spot Ethereum ETF, despite the firm withdrawing its application for an Ethereum futures ETF. The withdrawal is seen as a strategic move to focus on converting Grayscale’s Ethereum Trust into a spot ETF, following the success of their Bitcoin ETF. Amidst the uncertainty of Ethereum’s classification […]