In recent months, Coinbase has experienced a significant drop in market share, according to a report by research firm Kaiko. While Coinbase previously held over 50% of the US crypto market earlier in the year, its market share has now fallen to 41% as of early September. This decline has opened up opportunities for smaller
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
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to the WazirX hack on July 18. The audit reaffirmed that Liminal’s systems were not compromised during the hack. The investigation found no evidence of compromise in Liminal’s frontend, backend, or user interface (UI). The platform, known for offering
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
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