Bitcoin (BTC) faced a significant price drop over the weekend due to the release of August nonfarm payrolls (NFP) data that did not meet analysts’ expectations. The cryptocurrency saw a sharp decline of almost 5% after the NFP data release, dropping below the $54,000 range, which was its lowest level since early August. This price
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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
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
As the crypto market remains uncertain and volatile, some large investors are making moves that have caught the attention of data intelligence firm Santiment. Santiment’s analysis has revealed the top ten crypto projects that have experienced a surge in whale activity. These whales are defined as investors carrying out transactions valued at $100,000 or more.
Ethereum’s recent performance has been lackluster, with a noticeable bearish trend dominating the market. Following a pullback to the lower boundary of a broken wedge pattern, coupled with the formation of a death cross, investor sentiment has been dampened. The lack of strong inflows into spot ETH ETFs has only served to underscore this negative
Toncoin (TON) had seen a significant surge earlier in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency’s momentum began to wane towards the end of August, with its current trading price at around $4.80, marking a 40% drop from its peak. This downward trend in TON’s price can be attributed