Cryptocurrency News
Despite Bitcoin dipping slightly to $57.3K and Ethereum dropping to $2.3K over the past week, altcoins are seeing a resurgence. The fear, uncertainty, and doubt (FUD) surrounding major crypto assets have eased, allowing several altcoins to rebound with minimal resistance. đ Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip […]
Coinbase has introduced Wrapped Bitcoin (cbBTC), a new token backed 1:1 by Bitcoin, now available on Ethereum and Base blockchains. This move is aimed at improving financial efficiency across multiple blockchain ecosystems. đ¨ BREAKING: COINBASE OFFICIALLY LAUNCHES WRAPPED #BITCOIN (CBBTC) Coinbase has introduced its Wrapped Bitcoin (cbBTC) token, backed 1:1 […]
On June 4, Lykke UK and Lykke Corp AG (Lykke) experienced a significant cyber attack that compromised their infrastructure. In response, the affected systems were promptly shut down to mitigate further damage. An extensive review of the security breach was conducted, and all identified vulnerabilities have been addressed. Lykke UK […]
Since mid-August, transactions involving cryptocurrency whales have significantly declined. Bitcoin transactions of $100,000 or more have dropped by 33.6% from their peak levels in March and April. Ethereum transactions in the same value range have plummeted even further, with a 72.5% decrease from their peak. đł Cryptocurrency's whale transactions have […]
Bitcoin surged to $58,000 today, sparking renewed optimism among retail traders. Wallets holding less than 1 BTC now account for their largest share of the supply in seven months, signaling growing interest from smaller investors. However, for Bitcoin to return to its all-time highs, analysts suggest a different ownership pattern […]
BNB Chain has announced Simonâs Cat (CAT) as the latest winner of its “Meme Heroes” program, awarding the project $50,000 in liquidity pool (LP) support. The “Meme Heroes” initiative is designed to boost meme token projects by providing LP assistance, helping to foster their growth. To participate, projects must verify […]
After nine months of dormancy, an early TURBO holder identified as 0x976 has deposited 695.08 million TURBO tokens (valued at $2.65 million) to OKX. This move follows a long period of inactivity from the holder, who first began trading TURBO on May 5, 2023. The trader, active across four different […]
Indodax, one of Indonesia’s largest cryptocurrency exchanges, has reportedly been targeted by a cyberattack, with over 150 suspicious transactions flagged. According to Cyvers Alerts, the total loss from the attack is estimated at $18.2 million. Hackers were found exchanging tokens for Ethereum (ETH), raising concerns within the crypto community. According […]
According to Benjamin Cowen, CEO and Founder of ITC Crypto, Ethereum could be heading towards a significant price correction by the end of 2024. Cowen notes that the wedge pattern Ethereum has formed this cycle features higher lows, nearly 10x those of the wedge formed in 2019. However, the similarities […]
A few months ago, optimism around Bitcoin was at its peak, with many expecting new all-time highs. However, that enthusiasm has since shifted, leaving investors wondering whether this is merely a quiet phase or the start of a prolonged bear market. đ§ľA few months ago, optimism was soaring, with many […]
TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRONâs stablecoin market cap, accounting for approximately 99% at $58.5 […]
Ethereumâs Layer 2 (L2) ecosystem is experiencing explosive growth, with Base and Arbitrum One emerging as the top contenders, boasting over 1.5 million active addresses combined. Base, in particular, has seen a remarkable rise in 2024, with active addresses skyrocketing from near zero to 1 million in just nine months. […]
USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth […]
Polygon’s recent migration from $MATIC to $POL has sparked significant changes, leading to data anomalies in its first few days. After a year of community discussions, the MATIC to POL upgrade is now live, marking a major milestone in Polygonâs evolution. From now on, all transactions on Polygon PoS will […]
As traders eagerly await a possible rebound in Bitcoin and the broader crypto market, three notable assetsâCardano (ADA), Quant (QNT), and Holo (HOT)âhave seen a sudden spike in address activity. Historically, when coins experiencing a decline in value suddenly witness such activity increases, it often indicates a potential price bounce. […]
This week, Bitcoin experienced $728 million in withdrawals from exchanges, signaling that large holders are continuing to accumulate despite the ongoing price decline. Addresses holding between 100 and 1,000 BTC have been steadily increasing their positions, even as Bitcoinâs price remains under pressure. Bitcoin experienced $728 million in withdrawals from […]
$AAVE, one of the leading DeFi tokens, is experiencing a notable surge, climbing 6% in the past hour. It’s been one of the top tokens accumulated by “smart money” over the last 24 hours, signaling strong interest from investors. Even during the bear market, $AAVE consistently generated over $1 million […]
Once a top SocialFi project backed by tier 1 venture capital firm Paradigm, Friend.tech $FRIEND is now facing serious challenges. Today, the $FRIEND token experienced a significant drop of 40%, leaving investors increasingly concerned about the future of the project. The price decline comes on the heels of the development […]