Toncoin (TON) investors have been hit hard recently as the cryptocurrency saw a significant drop from its peak in June. With the price plummeting by 40%, nearly 80% of investors are currently facing losses. This downward trend is concerning for those who had high hopes for the asset earlier in the year. Connection to Telegram
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The recently released US jobs report fell short of expectations, with only 142,000 new jobs added in August instead of the anticipated 160,000 or more. This disappointing result has raised questions about the state of the economy and what steps the US Federal Reserve may take in response. Bitcoin’s Reaction Interestingly, Bitcoin’s price reacted positively
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently plummeted to its lowest level in October 2023. This significant decline in the UTXOs metric has coincided with the current downward trend in Bitcoin’s price and the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the
One of the predominant narratives shaping the crypto market this year revolves around the actions of large holders, also known as whales. These whales have a significant impact on market prices, causing both fear and excitement among investors. The community has expressed concerns about potential market manipulation by whales during price downturns, yet they are
Ripple recently announced a new partnership with Yonsei University in South Korea as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the university as the 58th partner to join the initiative, with 12 of them situated in the Asia Pacific region. Yonsei University’s involvement in the program will focus on driving
In recent news, the U.S. Securities and Exchange Commission has imposed additional charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of its actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who suffered harm as a result of
Bitcoin recently saw a drop below $56,000, signaling a continuation of its downtrend. Arthur Hayes, co-founder and former CEO of BitMEX, predicts a worst-case scenario where Bitcoin could fall to $50,000. This bearish outlook is also extended to altcoins, which may experience even steeper losses according to Hayes. Hayes bases his predictions on the broader
The latest analysis by Santiment reveals a significant drop in whale activity across major crypto assets, including Bitcoin and Ethereum. During an active period in March, Bitcoin recorded 115.1k transactions valued at over $100k each. However, by August, this number had decreased to just 60.2k transactions, indicating a noticeable slowdown. Ethereum also mirrored this trend,
The Ethereum market is experiencing a noticeable shift, with increasing exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric monitors the amount of ETH held in exchange wallets. A rise in this metric often suggests that traders are transferring their ETH to exchanges in preparation to sell, causing supply pressure and
The Open Network and its native token, TON, have been facing a series of challenges in recent times. One such issue arose when the price of TON plummeted by over 90% in just minutes on CoinMarketCap. The drastic drop saw TON’s value fall from $5.2 to approximately $0.3. This sharp decline, amounting to a massive
Recently, the crypto analyst known as the ‘Titan of Crypto’ has shared with his followers a unique technical pattern that has never been witnessed before in the world of cryptocurrency. This pattern involves a golden cross formation between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross where a
The Crypto Wealth Report 2024 by Henley & Partners has revealed some astounding numbers in the world of digital assets. The report states that the number of individuals holding over $1 million in digital assets has increased by a staggering 95% to 172,300. This growth comes alongside a significant surge in the total value of
In the past month alone, the cryptocurrency space has been rocked by a series of devastating hacks, resulting in a total loss of $313 million. Two major phishing attacks accounted for a staggering 93.5% of the stolen funds, highlighting the vulnerability of crypto holders to social engineering tactics. In one incident, a whale lost over
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a dismal picture for miners of the largest cryptocurrency. In August, miners suffered their worst month in nearly a year in terms of revenue generation. According to Bitbo’s dashboard, BTC mining activities only secured $827 million, marking a significant 10% decrease from July’s earnings of