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 mobile gaming industry is abuzz with anticipation for the release of the revolutionary new game, Rebel Skies, developed by Faraway Games. This game, set to launch in October 2024, is poised to shake up the mobile gaming landscape by blending three distinct genres—action, real-time strategy (RTS), and deck building—into one seamless and immersive gameplay
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently called for the development of specialized S-1 registration forms specifically tailored for digital asset securities. This plea was made during his speech at the Korea Blockchain Week 2024 event on September 3. Uyeda emphasized the need for the SEC to update its regulatory tools
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
Binance CEO Richard Teng has spoken out against the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive detained since February. A viral video surfaced showing Gambaryan struggling to walk into a courtroom, with prison authorities denying his request for a wheelchair. This inhumane treatment has prompted Teng to demand that Gambaryan
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
The recent performance of Ethereum in terms of price action has left many traders disappointed, as it has not met the bullish expectations that were set following the launch of Spot Ethereum ETFs. The current bearish trend has seen the price of Ethereum drop by 23% over a 30-day period, sparking concerns among investors. However,
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
Season 1 of MetalCore is set to bring significant improvements to the gameplay, catering to both new and experienced players. One of the key highlights is the introduction of an “Intro Mission” which aims to provide a more refined experience in understanding the game’s mechanics and lore. Additionally, players can look forward to new challenging
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
The US Securities and Exchange Commission (SEC) recently expressed concerns regarding the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has led the SEC to reserve the right to challenge these transactions under federal securities laws. This move has raised eyebrows and
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