The past week has been tumultuous for Ether (ETH), the native token of the Ethereum network. It experienced an 8.2% decline, leaving investors wondering about the factors contributing to this price drop. This article delves into the reasons behind Ether’s recent struggles, highlighting the challenges posed by its unpredictable monetary policy, token sales by influential
Elon Musk finds himself in a challenging scenario as he attempts to contest the U.S. Securities and Exchange Commission (SEC) in a legal battle. On October 5th, the SEC announced its intention to force Musk to comply with a subpoena and provide testimony regarding his acquisition of Twitter, now known as X. Despite receiving the
The South Korean cryptocurrency exchange, UPbit, has recently revealed a concerning trend in cyberattacks. According to data shared by the exchange’s operator, Dunamu, UPbit has experienced a staggering 159,061 hacking attempts in the first half of this year alone. This figure marks an alarming increase from the 8,356 attacks reported in the latter half of
ApeCoin (APE) has experienced a significant decline in the past week, with the cryptocurrency plummeting nearly 20%. This sharp selloff has caused APE to hover precariously below its immediate support zone. The spike in trading volumes has left APE vulnerable to further declines as traders speculate on the outcome of the battle between bears and
Bitcoin has displayed positive signs and held gains above the $27,450 zone. With the price currently trading above $27,800, it is now eyeing a potential rise towards the crucial $28,500 resistance level. This article thoroughly examines the current state of Bitcoin’s price and its prospects for a strong increase in the near future. After failing
The Bitcoin market is always on the lookout for the movements of whales, as their large-volume transactions have the potential to influence the price. Recently, on-chain data has revealed the awakening of a particular Bitcoin whale after a three-year slumber. This whale, which had been inactive since 2020, made its presence felt by moving 5,000
The landscape of ETH staking has witnessed a significant shift, with prominent crypto exchange Coinbase rising to become the second-largest ETH staking entity. Chinese reporter Colin Wu reveals that according to a report from Dragonfly data scientist hildobby, Coinbase currently holds 3.873 million staked ETH, representing a substantial 14.1% of all staked ETH. This development
The US Consumer Financial Protection Bureau (CFPB) is taking a closer look at the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrency platforms. This move comes in response to the recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX, which have highlighted the vulnerability of the crypto market. The EFTA regulations
Binance, one of the largest cryptocurrency exchanges in the world, recently announced the launch of a new subpage specifically designed for its UK customers. This move comes as a response to the changing regulations within the UK’s Financial Promotion Regime. The new subpage, accessible at www.binance.com/en-GB, will cater exclusively to local residents, offering a range
Binance, the largest crypto exchange globally, has just released its 11th reserves report, and the numbers are astonishing. In the past month, Binance’s XRP holdings have seen a significant increase. This can be attributed to reports of investors depositing XRP into exchanges during this period. According to Binance’s Proof of Reserves report, the exchange now
