The crypto market has been experiencing a lackluster performance recently, with a significant decline in whale activity across major crypto assets. Recent analysis conducted by Santiment has revealed that both Bitcoin and Ethereum are witnessing noticeable drops in high-value transactions. This decline in whale activity is particularly evident during the period of March 13-19, where
Crypto
The Open Network (TON) and its native token have been facing a rollercoaster ride of challenges lately. Just recently, the price of TON plummeted by more than 90% in a matter of minutes on CoinMarketCap. The graph illustrating this drastic drop showed TON slumping rapidly from $5.2 to about $0.3. This sudden crash, however, was
Recently, crypto analyst ‘Titan of Crypto’ shared an interesting observation with his 90,000 followers on Twitter. He pointed out the formation of a golden cross between the 100-day moving average and the 200-day moving average. This unique pattern, never seen before, indicates a bullish long-term trend reversal. The 100-day moving average had been above the
Last month, the cryptocurrency industry faced a massive blow with over $313 million in losses attributed to various hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks. These attacks led to a staggering loss of $293.4 million, highlighting the vulnerability of crypto holders to sophisticated fraudulent schemes.
The Crypto Wealth Report 2024 by Henley & Partners has revealed some astonishing statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has skyrocketed by an impressive 95% to 172,300. This surge in wealth comes as the total value of the crypto market
Data from Bitbo reveals a concerning trend for bitcoin miners, as they experienced their worst revenue month in nearly a year. In August, BTC mining activities only generated $827 million, marking a significant drop of over 10% from the previous month’s $927.35 million. On-Chain Fees On-chain fees were also impacted, with network participants receiving $20.76
The digital asset investment market witnessed a significant downturn last week, with outflows totaling $305 million. This negative sentiment was felt across various providers and regions, prompting concerns among investors. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States. This data has resulted in a decreased likelihood of a
Bitcoin’s price took a drastic hit in the past 24 hours, dropping to a 2-week low of $57,100. This comes after a week of tumultuous price actions for the leading cryptocurrency. Just a week ago, Bitcoin soared to over $65,100, reaching a multi-week peak following positive developments in the US. However, the bullish momentum was
Recently, a London resident found himself in legal trouble after being charged with operating a Bitcoin ATM without the necessary registration. The law enforcement agency, along with the Financial Conduct Authority (FCA), conducted an investigation that resulted in the seizure of several crypto ATMs, including one that was openly accessible to the public. In addition
The payments industry has seen massive growth over the past 50 years, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the sector – it still relies on outdated technology that becomes increasingly inefficient over time. Traditional payment systems, filled with multiple intermediaries, have created a cumbersome process that incurs
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