Key Points: JPMorgan warns about the growing influence of Tether (USDT) in the stablecoin market, citing risks due to regulatory issues and lack of transparency. Stablecoin issuers face regulatory cha...
Category: Tech
Live Tech News Updates.
Polygon Labs Slashes 19% Of Workforce To “Boost Performance”
In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon...
Shiba Inu Witnesses 9.9 Billion SHIB Tokens Burned in January
January sees 10 billion SHIB tokens incinerated, boosting Shiba Inu’s deflationary efforts. December’s record-breaking burn of 36 billion SHIB tokens surpassed January’s achievements. Shiba Inu’s comm...
Solana is on the Verge of a Bullish Rally, Predicts Arthur Hayes
Under the shadow of banking sector fiascos and cryptocurrency market swings, Arthur Hayes, former CEO of BitMEX, has pointed out Solana (SOL) while driving attention to a potential bullish rally for t...
Celsius to start paying over $3b to creditors
Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other ...
Meta’s Reality Labs reports revenue of $1B, losses of $4.6B
Meta’s metaverse division is still raking in losses but managed to impress with revenue last quarter. Reality Labs, the company’s metaverse-focused team, notched losses of roughly $4.6 billion, though...
BitMEX Co-Founder Backs Solana Amidst Fears of Another US Bank Collapse
In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come ...
XRP Users To Benefit from AMM on Coreum as Coreum Plans Launch of XRPL Bridge
Coreum has announced plans to launch its XRP Ledger (XRPL) cross-chain bridge, which could allow users to move assets between Coreum and the XRPL and potentially leverage the AMM on Coreum. Bob Ras, t...
Insights into When Retik Finance (RETIK) Might Reach $1, $5, $10, and $20 According to Projections
Retik Finance (RETIK) has made waves in the crypto world with its innovative decentralized finance (DeFi) platform, which aims to bridge the gap between crypto and traditional finance. Powered by the ...
OPNX Founder Su Zhu Says Exchange’s Closure Comes Because FTX Estate Claims Reached ‘Recovery’
“The FTX recovery marks the end of crypto claims estates. The OX community will be focusing on Ox.Fun now, and wish to congratulate the FTX estate holders on their full recovery,” Zhu said in a statem...
SHIB Burns Jump 660% as Price Makes Abrupt Bullish U-Turn
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is i...
Shiba Inu Surges: Rare Bullish Signal Sparks Hope for SHIB Holders
Shiba Inu’s price trend has been downward since its December 2023 peak of $0.00001193. A bullish signal emerges as the TD Sequential indicator shows a “buy” sign, and SHIB hovers around key Fibonacci ...
Genesis Settle with the US SEC for $21 Million
Bankrupt cryptocurrency lender Genesis has opted to settle a lawsuit with the United States Securities and Exchange Commission (SEC), agreeing to a settlement of millions of dollars. The resolution sp...
Find Out Why analysts are Looking at DeeStream (DST) For 2024 Over Ripple (XRP) and Solana (SOL)
In a market where investors are cautious about their investments and feel optimistic overall, DeeStream (DST) shines as the top pick for investment in 2024, surpassing Ripple (XRP) and Solana (SOL). R...
Binance Listing PYTH: What is Pyth Network (PYTH) and How to Buy PYTH?
– Advertisement – Pyth Network is revolutionizing the way real-time market data is shared on the blockchain, emphasizing transparency and security. The platform is distinctive for its use ...
Genesis Agrees to $21 Million SEC Settlement in Bankruptcy Resolution Effort
Genesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The...
Rebel Satoshi’s challenging the dominance of established coins like MINA and Cardano
Rebel Satoshi (RBLZ) leads the top ICO list after raising over $1.5 million in presale. Mina (MINA) improves in value after launching an online voting and survey platform. Cardano (ADA) dips despite...
SEC Wants To Withdraw Lawsuit Against Debt Box
The U.S. Securities and Exchange Commission (SEC) is pushing the court to dismiss its lawsuit against Debt Box after being threatened by sanctions. Motion to Dismiss: A Tactical Retreat The SEC has c...
Celsius customers getting paid, FTX customers in limbo as 2022 hack suspects ID’d
The FTX and Celsius Network bankruptcies are slowly getting around to returning assets to customers, while the great mystery of who hacked FTX may have been solved. On January 31, U.S. Bankruptcy Judg...
Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy
Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) – has laid off 19% of its workforce in an attempt to create a more “efficient surgical team.” Though 60 emp...
Polygon Labs Lays Off 19% Of Staff After ‘Rapid Growth’
Polygon Labs CEO Marc Boiron announced in a post to X that the organization is laying off 19% of staff, saying the “team’s rapid growth in the last bull market diluted” the company’s ability to pursue...
FXGT: Revolutionizing the trader experience globally
As the digital revolution dawned on us, a wave of new possibilities opened for all to explore. The financial sector also welcomed this revolution as people flocked to find new ways to invest their mon...
Intelligence Platform Anticipates Strong Rebound For XRP, Here’s Why
The XRP community is once again buzzing with fresh hopes. Santiment, a well-known intelligence platform, has revealed an optimistic insight for the crypto asset, which might lead to a firm price rebou...
Polkadot (DOT) Circulating Market Cap Rockets To $8.3 Billion, Registers Massive 111% Growth
Polkadot, the computing platform known for its interoperability and scalability, has shown remarkable growth in key metrics during the latter part of 2023, as outlined in a recent report by Messari. ...
Here is Why the Price of XRP Nosedived Today
XRP is buckling under the weight of intense selloffs as its weekly growth moment got derailed. Per data from CoinMarketCap, XRP price is down by 2.3% in the past 24 hours to $0.5019, a trend that eman...
Solana’s Phantom Wallet Hit by DDoS Attack, Services Temporarily Disabled
Blockchain News The team declared that all assets in the Phantom wallet are secure. Until the vulnerability is resolved, Phantom has temporarily disabled several of its services. A Distributed Denial ...
800 Million XRP Returned by Ripple in Unusual Transfer Activity
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is i...
Why 19% Employees Will Bid Farewell
In a decisive move reflecting the dynamic nature of the web3 sector, Polygon Labs announced a significant layoff of its team. The decision, aimed at enhancing operational efficiency, sees the organiza...
While the FED President Painted a Negative Picture About Interest Rate Cuts, Economists Were Divided in Two: When Will the First Interest Rate Cut Happen?
FED President Jerome Powell made statements after the US Federal Reserve (FED) left the policy rate constant at 5.25%-5.5% yesterday. At this point, Powell pointed out that it was premature for the FE...
Solana launches new token functionality, but it still can’t scale
This week, the Solana Foundation unveiled a set of new token extensions enabling out-of-the-box functionality for developers. The extensions replace the need to write custom smart contracts and enable...
Unused Whale wallet which had 0 transactions in years has suddenly made a buy of Retik this token priced at just $0.1
In the ever-evolving world of cryptocurrency, unexpected events, and unusual patterns often capture the attention of enthusiasts and analysts alike. One such intriguing development has recently unfold...
‘Bitboy’ Ben Armstrong Bids Farewell to Daily Show Amid Financial and Legal Battles
Ben Armstrong, widely known as “Bitboy,” has announced the discontinuation of his daily crypto show, bringing an end to a three-year run that garnered a significant following. The decision comes amid ...