Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to give up control of its smart contracts and transfer ownership to Ethereum’s null address. This move has not only affected the platform’s ecosystem but has also had a significant impact on the value of the FRIEND token. While this decision has
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Ethereum, one of the largest cryptocurrencies by market cap, seems to be struggling as it remains one of the worst performers in the market. Investors are feeling the pressure as the price of ETH continues to drop, pushing many into the red. There is a looming possibility that the price of Ethereum could plummet below
Crypto analyst Daan Crypto recently highlighted a Bitcoin Rainbow Chart, providing insights into the current price action of the cryptocurrency. The analyst emphasized the importance of Bitcoin holding above $60,000 to initiate a bullish reversal in the market. Daan Crypto suggested in a post on X (formerly Twitter) that Bitcoin needs to break above the
The United States Federal Bureau of Investigation (FBI) recently released a paper warning the public about the increasing threat of “aggressive” attacks by North Korean hackers targeting the cryptocurrency industry and companies associated with digital asset investment products. These attacks are primarily carried out through sophisticated social engineering tactics that are difficult to detect, even
Ethereum underwent a significant transition known as the Merge two years ago, moving from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. Since then, the performance of Ethereum relative to Bitcoin has been on a downward spiral. This article seeks to analyze the major drivers of Ethereum’s underperformance, including inflationary supply dynamics and weaker
Bitcoin’s market price on crypto exchanges has recently fallen to its lowest price since the early August massacre, dropping below $50,000. This marks a significant decrease since the spot Bitcoin ETFs were greenlighted in the US and started to attract demand. Despite a previous crash in August, when BTC recovered and even reached $65,000, it
Recently, Cardano (ADA) has been experiencing trading just below a crucial resistance level at $0.33. The market has been immersed in fear and uncertainty, creating a challenging environment for investors. Despite this, some on-chain data from IntoTheBlock unveils a ray of hope for ADA, indicating that certain investors see this as an opportune moment to
Over the past week, Bitcoin has experienced extreme volatility in its price movements. It initially approached the $60,000 mark on Tuesday, only to face a sharp rejection and drop to $55,500 by Wednesday. This trend continued with another lower high on Thursday, driving the price down to $55,200 on Friday in anticipation of the US
A recent case in Scotland has made headlines as £110,000 in cryptocurrency, approximately $144,384, was seized from a 29-year-old man named John Ross Rennie. This marks a significant moment as it is the first time proceeds of crime legislation have been utilized to confiscate cryptocurrency as physical cash. The case was settled at the High
United Texas Bank (UTB) has recently found itself in hot water with the U.S. Federal Reserve due to significant deficiencies in its governance, particularly related to anti-money laundering (AML) laws and risk management. Despite being one of the few remaining American financial institutions catering to crypto companies, UTB’s shortcomings in board oversight and compliance regulations