The Open Network and its native token, TON, are facing a series of challenges, with the most recent being a dramatic price plummet. Following last week’s outages due to high demand for DOGS, TON’s price dropped by over 90% in just a matter of minutes on CoinMarketCap. This steep decline, as shown in the graph,
Crypto
Crypto analyst ‘Titan of Crypto’ recently shared with his 90,000 followers a unique technical pattern that is unfolding in the cryptocurrency market. This pattern involves a golden cross forming between the 100-day moving average and the longer time frame 200-day moving average. Unlike the typical golden cross, which involves a shorter time frame moving average
The Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering numbers in the world of digital assets. The report shows a significant increase of 95% in individuals holding over $1 million in digital assets, totaling at 172,300. This surge comes as the crypto market’s total value has reached $2.3 trillion, marking an
The crypto space has been hit hard by a series of hacks and exploits in recent months, resulting in significant financial losses for investors and users. In just one month, over $313 million was stolen in more than ten separate incidents, with two large phishing attacks accounting for 93.5% of the total stolen funds. These
Recent data from Bitbo, a BTC on-chain analysis platform, reveals that Bitcoin miners experienced a significant decline in revenue generation in August. The figures indicate that mining activities only secured $827 million last month, marking a sharp decrease of over 10% from July’s $927.35 million. This drop becomes even more significant when compared to March
The digital asset investment market experienced a significant setback last week, with a total of $305 million in outflows reported. This negative sentiment was observed across various providers and regions, indicating a widespread impact on the market. CoinShares has attributed this decline to stronger-than-expected economic data from the United States, which has caused a shift
The past 24 hours have not been kind to Bitcoin as the cryptocurrency plummeted to a 2-week low of $57,100. This downward trend has also affected most altcoins, with popular tokens like TON, DOGE, and ADA experiencing a 2-4% drop in value. The recent price actions of Bitcoin have left investors feeling underwhelmed, especially after
A recent incident in London has brought to light the first case of a UK resident being charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, a 37-year-old resident of East Ham, was arrested following a raid by Kent Police at a gadget shop in Chatham. The outlet, Gadcet, was found to have
The payments industry has experienced significant growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a major issue plagues this sector – it still relies on outdated technology rails that are now 50 years old. This antiquated technology becomes increasingly inefficient as time passes, hindering the industry’s ability
Peter Diamandis, a renowned figure in the world of technology and innovation, recently posed a thought-provoking question to his substantial following on X. The responses he received shed light on the unwavering reliability of Bitcoin. One notable reply highlighted Bitcoin’s track record of consistently fulfilling its core function of processing transactions and maintaining the integrity
