Toncoin (TON) has recently experienced a significant drop in price, trading 40% lower than its June high. This downward trend has left nearly 80% of its investors facing losses, reflecting a stark contrast to the bullish run the cryptocurrency had earlier in 2024. Impact of Negative News The decline in Toncoin’s price can be attributed
Recently, a federal judge rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders. The lawsuit alleges that the largest US crypto exchange downplayed the likelihood of being sued by the US Securities and Exchange Commission (SEC). The judge ruled that shareholders had adequately alleged that Coinbase and its top executives defrauded them
As popular crypto analyst Dan Gambardello discusses in a recent video, the future of Cardano (ADA) price is under scrutiny amidst forecasts of a looming US recession. With concerns surrounding the economic climate, ADA holders and crypto investors are feeling uneasy about the potential impacts on the market. Gambardello highlights the historical behavior of the
Arthur Hayes, the co-founder of BitMEX, has recently made a bold prediction regarding the future of Bitcoin’s price. Hayes, known for his market insights, expressed a pessimistic outlook by stating that he is “gunning for sub $50k this weekend”. This statement has raised concerns among cryptocurrency enthusiasts and investors alike. Hayes’ prediction comes at a
The ApeCoin ecosystem is embarking on a new journey with the release of its Blueprint, setting the stage for future development. ApeChain, the blockchain layer supporting the ecosystem, has a keen focus on enhancing the experience for both developers and users within the ecosystem. By improving the discovery and exposure of decentralized applications (dApps) and
The influence of social narratives on the cryptocurrency market cannot be underestimated. Investors who are well-versed in these narratives have a significant advantage in making informed decisions that can safeguard their investments. The research conducted by Santiment sheds light on some of the key narratives that have shaped the market dynamics this year. Understanding these
In a groundbreaking move, the Future Forward USA PAC has opened its doors to accept cryptocurrency donations through Coinbase Commerce. This decision marks a significant shift in the traditional ways political campaigns raise funds and showcases a growing acceptance of digital currencies in the political arena. Initially causing confusion with comments made by Coinbase Chief
Robinhood’s crypto division has agreed to pay a $3.9 million fine to settle a California investigation into its past practices. California Attorney General Rob Bonta stated that the settlement was reached because Robinhood Crypto prevented users from withdrawing their digital assets between 2018 and 2022. The investigation found that Robinhood misled customers by claiming it
A recent hacking incident involving the Indian crypto exchange WazirX has raised concerns in the cryptocurrency community. The hacker managed to steal over $235 million worth of assets from the exchange, prompting a swift response from blockchain security firm Cyvers. In the past 24 hours, the hacker has already transferred around $10 million through sanctioned
Summers have historically been bearish for the Bitcoin price, and the year 2024 has proven to be no different. Since the beginning of summer in June, the price of Bitcoin has experienced significant weakness, with multiple flash crashes causing fluctuations in the value of the pioneer cryptocurrency. The price of Bitcoin has dropped from over
