Crypto analyst Nicholas Merten is warning that Bitcoin (BTC) could collapse if the economy is thrown into a recession. Merten tells his 512,000 YouTube subscribers that Bitcoin could decline by more than 46% from its current value if the Federal Reserve’s hawkishness leads to a prolonged economic downturn. According to Merten, if commodities like oil, […]

Top Stories This Week Opening arguments begin in Sam Bankman-Fried trial The trial of former FTX CEO Sam “SBF” Bankman-Fried kicked off on Oct. 4 in New York after jury selection began the previous day. Assistant United States Attorney Thane Rehn told jurors that SBF used FTX customer funds to enrich himself and gain credibility […]

On-chain activity suggests Ethereum (ETH) and two altcoins could be primed for short-term price rallies, according to the crypto analytics firm Santiment. Santiment notes that ETH, Shiba Inu (SHIB) and SushiSwap (SUSHI) traders displayed “mild signs of panic” on Thursday. All three networks displayed some of the highest levels of trader loss-taking (versus profit) in […]

The move follows the imbroglio at the JPEX crypto exchange last month, which resulted in multiple arrests and the platform shuttering services. The unlicensed exchange is alleged to have defrauded investors out of $204 million. The task force is comprised of the city’s Securities and Futures Commission (SFC) and law enforcement officials, including representatives from […]

Millions of BONE form roadblock to stop Shiba Inu token’s price growth

Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application (dApp) reportedly fixed a loophole in its smart contract. On Thursday, October 5, the Stars Arena team said […]

The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation.

The BRC-20 standard is revolutionizing the Bitcoin blockchain and promises to give Ethereum a fight in the Decentralized Finance domain. It has quickly become one of the most popular token standards due to its high utility and use in various decentralized projects.  BRC-20 tokens, despite their widespread popularity, are still in the experimental phase, and […]

A hacker hit web3 platform Galxe (GAL) with a domain attack on Friday morning and appears to have made off with around $200,000. Galxe, a web3 credential data network, uses the domain registrar Dynadot. The project noticed a security breach affecting its domain name system (DNS) record for galxe.com early Friday morning. Explains Galxe, “Regrettably, […]

Investor globally moves to cryptocurrencies to prioritize enhancing their living standards and overall quality of life, the recent Bitget’s report unveiled. For instance, 46% of South Korean investors aim to improve their living conditions, while 36% of investors in Malaysia and Taiwan focus on boosting family income. How People around the World Are Using Cryptocurrencies […]

JPEX, a Hong Kong-based cryptocurrency exchange, grapples with regulatory woes and arrests as it navigates a turbulent period.

Solana experienced a significant surge of approximately 20% during the last few days of September and into the first week of October. This sudden price increase has piqued the interest of investors and enthusiasts alike, sparking discussions about its underlying causes. One prominent question on people’s minds is whether this uptick in SOL’s value is […]

Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.

Check out U.Today’s news digest to stay updated on the latest crypto events!

The Ripple XRP price has increased August 17 and created a higher low on September 11. The price broke out from a descending resistance trendline but still trades below the $0.55 horizontal resistance area. XRP Breaks Out After Long Lower Wick The daily time frame technical analysis for XRP shows that the price created a […]

Presented by Velvet Capital A cross-chain operating system says it allows anyone to launch and manage tokenized fund, strategy, or financial product. Velvet Capital aims to democratize asset management by enabling on-chain DeFi portfolios, with a number of high-profile protocols already on board. Crypto is a thrilling, innovative industry that’s shaping up to have a […]

TL;DR XRP’s price has been volatile due to Ripple’s ongoing legal battle with the SEC, with recent highs around $0.85 and later $0.55. Analysts provide varied future predictions for XRP: EGRAG CRYPTO at $27, Oaksacorn at $43, and Collin Brown at $10 if Ripple pursues an IPO. Shannon Thorp’s extreme forecast suggests a potential rise […]

The foundation, which oversees the Sui Network, a Layer 1 blockchain lauded for its impressive scalability, has redirected a whopping 117 million SUI tokens, currently worth $51,313,738, from external market makers. This reallocation aims to nurture the growth of Sui’s community and support the development of various initiatives within its ecosystem. Breaking news! We're reallocating […]

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates. _________________________________________________________________ Last week I published a short prompt looking to hear some readers thinking on different covenant proposals. The design space of covenants has rapidly evolved in the last two years […]

The Commodity Futures Trading Commission (CTFC) is reportedly contemplating taking enforcement action against the co-founder of a bankrupt crypto lender. According to a new report by Bloomberg, the CTFC is considering charging Stephen Ehrlich, the ex-chief executive of Voyager, of misleading customers about the safety of their assets after launching an investigation into the troubled […]

Several Dutch cryptocurrency companies, including Bitvavo and Coinmerce (the successor to Binance in the Netherlands), have won a partial victory in their ongoing battle against approximately $2.3 million in fees imposed by Dutch regulators. Legal Victory for Dutch Crypto Firms in Landmark Ruling A Rotterdam court has ruled that the Dutch central bank (DNB) overstepped […]

Cryptocurrency firms are adapting to market uncertainties. … cryptocurrency firms like FTX and Voyager Digital. Ledger Addresses Economic Headwinds …

On day four of the criminal trial of former FTX CEO Sam Bankman-Fried, Gary Wang, who co-founded the now-bankrupt crypto exchange and served as its former chief technology officer (CTO), testified. During his testimony, the former FTX executive revealed details about the connection between the cryptocurrency exchange and Alameda Research. FTX’s Sam Bankman-Fried Allegedly Gave […]

A bearish Ethereum fractal meets lower network activity as Ether’s price struggles to break above $2,000.

Uniswap (UNI) joins latest uptrend with visibly new target price locked

For just .03 Ethereum (about $50), you can buy a photo of a coffin in front of the famed Centre Pompidou. For another .03 ETH, you can buy a picture of that coffin in flames. “The coffin symbolizes what this period has been, which is why it was symbolically burned to represent, through this funereal […]

The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week […]

This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download.  You’re reading a print Bitcoin Magazine so you probably already like Bitcoin, which means you probably don’t like the title or premise of what you’re about to read, and so, […]

The U.S. Securities and Exchange Commission (SEC) is looking to force billionaire Elon Musk to testify in its probe of his purchase of the social media platform X, formerly known as Twitter. In a new litigation release, the regulatory agency says that it has filed an application seeking an order that directs the business magnate […]

New data reveals that deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and other digital assets. According to data from whale-surveying platform Whale Alert, just over $400 million worth of the top crypto asset by market cap has moved to top US-based crypto exchange platform Coinbase or unknown […]

Stars Arena, a decentralized social media platform inspired by Friend.tech, has faced a recent exploit that resulted in the loss of $2,000 worth of Avalanche (AVAX) tokens. The platform, which runs on the Avalanche network, allows users to create and trade digital tickets that represent their social influence. The exploit involved a vulnerability in the […]

Nexo is ending some of its crypto services for clients in the United Kingdom. This is in response to the upcoming regulatory changes imposed by the Financial Conduct Authority (FCA). According to a report by Coindesk, the crypto platform will phase out cashback payouts for transactions on Nexo Exchange and Nexo Card and terminate their […]