Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has sent shockwaves through the platform’s ecosystem, particularly affecting the value of the FRIEND token. While the immediate market reactions have been swift and negative, the
Ethereum, despite being one of the most popular cryptocurrencies, has been underperforming compared to other top cryptocurrencies by market cap. Investors have seen their positions turn into losses as the price of Ethereum continues to drop. As the price hovers dangerously close to falling below $2,000, there is a potential for a further downward movement.
Bitcoin (BTC) witnessed a considerable decline in price over the weekend, triggered by the disappointing August nonfarm payrolls (NFP) data. The cryptocurrency experienced a sharp drop of almost 5%, falling below the $54,000 mark, which was its lowest level since early August. The broader crypto market also felt the impact of this price weakness, with
As highlighted by crypto analyst Daan Crypto, the Bitcoin Rainbow Chart provides valuable insights into the current price action of the leading cryptocurrency. Daan Crypto suggested that for Bitcoin to enjoy a bullish reversal, it needs to hold above the $60,000 mark. Breaking above this key resistance level could potentially lead to new highs in
In recent times, the United States Federal Bureau of Investigation (FBI) has raised concerns about the increasing number of “aggressive” attacks by North Korean hackers targeted towards the cryptocurrency industry and companies involved in digital asset investment products. These attacks are not your ordinary cyber threats; they are sophisticated social engineering tactics that even individuals
Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since the Merge two years ago. What was once hailed as a revolutionary platform for decentralized applications and smart contracts is now on the brink of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors contributing
Bitcoin has experienced a significant drop in its market price on crypto exchanges, plunging to its lowest level since the early August massacre. This decline occurred after the spot Bitcoin ETFs were approved in the US, signaling a surge in demand. Despite a previous rebound that saw Bitcoin reaching $65,000, the bearish trend has resurfaced,
Cardano (ADA) has recently been trading just below a critical resistance level at $0.33 amidst a period of fear and uncertainty in the market. Despite this, on-chain data from IntoTheBlock suggests that some investors view this as a potential buying opportunity, indicating optimism for a possible market recovery in the near future. It is interesting
Bitcoin’s price experienced significant turbulence last week, with the digital currency reaching highs near $60,000 only to plummet to $52,800 in a matter of minutes. This rollercoaster ride was fueled by a mixture of factors, including market speculation, regulatory concerns, and macroeconomic data. While Bitcoin took center stage with its price fluctuations, altcoins such as
In a recent case in Scotland, John Ross Rennie, a 29-year-old man from Cambuslang, was involved in a violent robbery in March of 2020. During the robbery, the victim was forced to transfer 23.5 Bitcoin, valued at approximately £109,601, to the assailants. Rennie was identified as the “technical brains” behind the operation, providing expertise on