Ethereum and Bitcoin are not in the best shape as FUD prevails

Ethena is a synthetic dollar protocol on Ethereum that issues the stablecoin USDe. The asset aims to be a censorship-resistant and scalable form of digital money pegged to the US dollar. On April 16, on-chain analytics firm CryptoQuant took a deep dive into the Ethena ecosystem revealing risks with the latest stablecoin, which has seen […]

The Bitcoin price has recently experienced heightened volatility, causing the largest cryptocurrency in the market to briefly drop below the significant threshold of $60,000 for the first time since March 5.  This price decrease comes just days before the highly anticipated Halving event scheduled for Friday. This event has traditionally been viewed as a positive […]

We believe that the most secure mobile crypto wallet is one that overcomes the inherent constraints of its mobile operating system. For instance, on iOS, Apple’s CryptoKit doesn’t support the secp256k1 elliptic curve, a standard for Bitcoin, Ethereum and many other blockchains. This limitation restricts developers from utilizing the secure element of devices for key […]

New analysis from market intelligence firm Glassnode indicates that financial institutions and ‘smart money’ are playing a role in Bitcoin’s (BTC) price action as the halving approaches. In a new article, Glassnode says the top crypto asset by market cap surged 1,000% during its first halving, 200% during its second, and 600% during the third. […]

About $780 million worth of bullish crypto wagers were liquidated within 24 hours last Friday. The cryptocurrency saw further decline as some …

The Bitcoin halving event, a pivotal occurrence, is scheduled for April, 19 2024. This quadrennial event will reduce the block subsidy for Bitcoin miners from 6.25 BTC to 3.125 BTC, thereby halving the reward that miners receive for their efforts. Such events have historically led to profound shifts in the mining landscape, potentially influencing various […]

TL;DR Ore Suspends Mining: Ore, a Solana-based proof-of-work project, has suspended its mining operations due to ongoing Solana congestions and instability issues on the blockchain. This strategic decision aims to improve the project’s token distribution approach. Solana’s Congestion Issues: Solana has been dealing with network congestion issues, triggered by a surge in transactions from automated bots and […]

TL;DR Ethena’s USDe, the stablecoin from Ethena, has reached a market capitalization exceeding $2 billion. USDe is not backed by physical dollars or over-collateralized with cryptocurrencies, but maintains its value pegged to the dollar through delta hedging of its crypto collateral. Funding risk becomes critical in extremely volatile markets, implying that Ethena could face the […]

The Space ID token has experienced a significant downturn, with a staggering 60% decline over the past 30 days, followed by drops of 26% in the last 7 days and 9% today.  Amidst this downturn, on-chain reports reveal intriguing activity involving DWF Labs, a prominent entity in the cryptocurrency space. According to the reports, DWF […]

The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls Under the ASIC Regulatory Oversight Joe Longo, chairman of the Australian […]

Mike Novogratz sees US debt blowout, here’s how Bitcoin can help

The recent introduction of Kraken Wallet has marked an advancement in cryptocurrency adoption. This self-custodial wallet is engineered to streamline on-chain transactions. Kraken Wallet emphasizes simplicity, security, and functionality, with the overarching goal of broadening accessibility to decentralized finance. Access to Decentralized Finance: Wallet’s User-Centric Design Regardless of whether individuals are Kraken clients or not, […]

[PRESS RELEASE – Zug, Switzerland, April 17th, 2024] Anomaly, announces the launch of the first AI-powered zero-gas Layer-3 gaming platform leveraging a play-to-airdrop mechanism targeting Telegram’s 900 million daily active users. Powered by Arbitrum Orbit and using Gelato’s Rollup-as-a-Service (RaaS), Anomaly’s new Layer-3 is set to redefine the gaming industry empowering developers to create immersive […]

XRP price is struggling to recover above the $0.5140 resistance. The price must stay above the $0.4550 support to attempt a fresh increase in the near term. XRP is attempting a recovery wave above the $0.450 zone. The price is now trading below $0.550 and the 100 simple moving average (4 hours). There is a […]

A popular crypto analyst thinks one decentralized exchange (DEX) altcoin is primed for a breakout. The pseudonymous analyst Kaleo tells his 634,800 followers on the social media platform X that he’s “still a believer” in PancakeSwap (CAKE), the top DEX on the BNB chain. He thinks the decentralized finance (DeFi) altcoin looks good against Bitcoin (BTC). […]

A crypto investment firm backed by financial giant Citadel is reportedly eyeing a $1 billion valuation after launching its latest round of fundraising. According to a new Bloomberg report, anonymous people familiar with the matter say that Hidden Road Partners, a startup prime brokerage focused on digital assets, is raising funds in a Series B […]

Your easy-to-use onchain gateway Whether you’re a Kraken client or not, you can use multichain Kraken Wallet as your bridge to the decentralized financial system. Built on our core values of privacy and security, Kraken Wallet provides self-custody of digital assets and data by providing an onchain experience users will love – backed by Kraken’s […]

The concept of cryptocurrency traces back to the early 2000s, with the idea of creating a decentralized digital currency that operated outside the …

Taproot Wizards released a cartoon yesterday called CatVM. I will not refer to it as a whitepaper, those are real academic documents for adults. In the cartoon, interspersed amongst the absurd childish narratives, were a few valuable technical insights regarding different scaling proposals in the Bitcoin ecosystem. Of course, in true cartoon fashion, buried between […]

PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]

Take a look at the crypto industry’s happenings with U.Today’s news digest!

The Bitcoin halving, an important event written into the cryptocurrency’s code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and […]

John Deaton’s Massachusetts Senate campaign is reportedly pulling in donations from high-profile members of the crypto community. The attorney and vocal XRP supporter is running in the Republican primary which will determine who gets to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the most outspoken political critics of the digital asset sector. Deaton […]

TL;DR The Bitcoin halving event, which is set to reduce mining rewards from 900 to 450 daily tokens, is causing a drop in stock prices for companies like Marathon Digital Holdings Inc., Crypto.com, Riot Platforms Inc., and CleanSpark Inc. The Valkyrie Bitcoin Miners ETF has also seen a decline of approximately 28% this month. Despite the market fluctuations […]

Blur (BLUR) is facing significant challenges in the cryptocurrency market, with its recent struggles reflected in a 31.67% decrease in market cap over the past week and a further 6% decrease today. These declines underscore the difficulties the project is currently encountering. Recently, Blur unlocked 38.42 million BLUR tokens, valued at $15.28 million, from its […]

[PRESS RELEASE – London, United Kingdom, April 17th, 2024] Roobet, the pioneering entertainment brand and one of the world’s fastest-growing crypto casinos, has today launched a brand-new game in collaboration with its Chief Ganjaroo Officer and entertainment legend Snoop Dogg. Available exclusively on Roobet, the game, titled ‘Snoop’s High Rollers’, is the latest product of […]

As the cryptocurrency market experiences heightened volatility, one digital asset, in particular, finds itself under the microscope: Cardano (ADA). At the time of writing, ADA was trading at $0.45, down 1.8% and 21.9% in daily and weekly timeframes, data from Coingecko shows. With prices fluctuating and investors on edge, analysts are closely scrutinizing ADA’s movements […]

Chainlink’s Chief Scientist Ari Juels believes that blockchain technology is advancing at a rapid rate and providing unique tools to the financial sector that can revolutionise the industry. However, Juels is concerned about modern artificial intelligence-driven narratives that he believes may be damaging the integration of the two industries. Juels argues that several use cases […]

Discover the impact of the US SEC's approval of Bitcoin ETFs, offering investors a regulated, straightforward path to cryptocurrency exposure.

BlackRock, the world’s largest asset management firm with over $10.5 trillion in assets under management, has unveiled a series of educational content aimed at explaining Bitcoin, the Bitcoin halving, and its implications, along with insights into its approved spot Bitcoin ETF. “April is packed with rare events this year, with eyes set on the upcoming […]

In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging sector experienced […]