In recent news, the Fantom Foundation, a non-profit organization dedicated to supporting the growth and development of the Fantom ecosystem, has fallen victim to a phishing attack. This attack resulted in the loss of over $650,000 from two Fantom Foundation wallets on Ethereum and the Fantom Network. Additionally, a team member of Fantom reportedly lost
Bitcoin
XRP price is currently facing challenges as it tries to gain momentum above the $0.5065 resistance against the US dollar. The price is currently trading below both the $0.500 mark and the 100 simple moving average (4 hours). This indicates a lack of bullish strength in the market. Despite this, there was a recent breakthrough
The price of the world’s leading cryptocurrency, Bitcoin (BTC), experienced a significant surge today, reaching $28,004. This sudden increase can be attributed to various factors, including regulatory developments, the correlation between Bitcoin and gold, the influence of big holders, and extensive activity in the futures market. Late on Friday night, the market received news of
When it comes to comparing Ethereum and Bitcoin, it’s clear that Bitcoin has been the better investment over the past few months. Ethereum has been trading in a descending channel against Bitcoin since August of last year, leading to a 22% decrease in its price. On the other hand, Bitcoin has seen an 8% increase
The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn as BlockFi CEO Zac Prince provided testimony in a Manhattan federal courtroom. Prince’s appearance shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. This article explores the revelations made during Prince’s testimony and the complexities of the case. During his
A trader on the decentralized liquidity protocol, Aave, has recently made headlines as they started selling wrapped Bitcoin (WBTC) to repay their outstanding debt. This unique approach to addressing debt in the decentralized finance (DeFi) space shows the complexities and risks associated with borrowing and lending on platforms like Aave. In this article, we will
The recent speculations surrounding the US Securities and Exchange Commission’s (SEC) regulatory treatment of Ethereum have sparked significant controversy within the crypto community. One of the central figures involved in this discussion is Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum. In an AMA session, Hoskinson shared his thoughts on the SEC’s
The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has made an exciting announcement. They plan to set up 256 servers for a performance testing event on October 31, 2023, with the aim of officially establishing the TON blockchain as the world’s fastest blockchain to earn accreditation from the Guinness World Records. This article
With tens of thousands of altcoins in circulation, it can be overwhelming for crypto investors to identify the next potential gem that could deliver significant returns. The sheer volume of options makes it easy for investors to miss out on promising altcoins that are not on their radar. Recognizing this challenge, a Santiment analyst has
In recent times, Tether (USDT) has witnessed a notable influx into exchanges, and this trend carries potential positive implications for Bitcoin. Data from the on-chain analytics firm Santiment reveals that the supply of USDT on exchanges has reached a value of $9.99 billion. This metric, known as “supply on exchanges,” measures the total amount of
