The Open Network (TON) and its native token have been encountering a series of challenges recently, with the most recent incident involving a drastic price drop of more than 90% in just a matter of minutes on CoinMarketCap. This sharp decline, as depicted in the graph, saw TON’s price plummet from $5.2 to approximately $0.3.
Crypto
Recently, the crypto analyst known as the ‘Titan of Crypto’ revealed a unique technical pattern to his 90,000 followers. A golden cross is forming between the 100-day moving average and the 200-day moving average, a pattern that has never been seen before in the market. Typically, a golden cross indicates a bullish long-term trend reversal,
The Crypto Wealth Report 2024, compiled by Henley & Partners, indicates a substantial increase in the number of individuals holding over $1 million in digital assets. The report shows a staggering 95% surge to 172,300 individuals in this category. Moreover, the total value of the crypto market has seen a remarkable rise to $2.3 trillion,
The crypto space has recently been hit hard by over ten different hacks, resulting in losses totaling $313 million. Two significant phishing attacks were responsible for 93.5% of the stolen funds, with a combined loss of $293.4 million. In one incident, an unknown whale lost over 4,000 bitcoin (BTC) in a phishing scheme, resulting in
Recent data from Bitbo reveals that Bitcoin miners experienced their worst month in almost a year in terms of revenue generation. In August, BTC mining activities only brought in $827 million, marking a significant decline of over 10% from the previous month’s earnings of $927.35 million. This decrease is even more pronounced when compared to
Last week, digital asset investment products experienced outflows totaling $305 million, leading to widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States. This data has reduced the likelihood of a 50-basis point interest rate cut by the Federal Reserve. As a
Bitcoin’s price has been incredibly volatile in the past week, with a sharp drop to a 2-week low of $57,100. The asset had surged above $65,100 just a week ago but failed to maintain its momentum. Despite a brief recovery to $61,000, bitcoin plunged back down to under $58,000, and has been struggling to regain
A London resident, Habibur Rahman, has recently made headlines as the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. The incident took place at a gadget shop in Chatham, where several crypto ATMs, including one for public use, were found to be operated without the necessary approval
The payments industry has experienced significant growth over the past fifty years, making it one of the largest and fastest-growing sectors globally. However, despite its success, the industry still relies on outdated technology that is becoming increasingly inefficient. According to a report by Binance Research, blockchains and distributed ledger technology have the potential to revolutionize
Peter Diamandis, the visionary behind X Prize and Singularity University, recently sparked a thought-provoking discussion among his vast following on social media. One response highlighted the unparalleled track record of Bitcoin in fulfilling its promises over the past 15 years. Bitcoin has consistently delivered, generating a new block of transactions every ten minutes without fail.