In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. The exchange, which once dominated more than half of the US crypto market share, has seen its share drop to 41% as of early September, down from a peak of almost 55% in March. On
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Bitcoin (BTC) faced a significant drop in price over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led to a rapid decline of nearly 5% in BTC’s price, causing it to fall below the $54,000 range, its lowest level since early August. The broader crypto
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure to confirm its security following the hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing assurance that the platform’s systems remained secure throughout the incident. This reaffirmation showcases the importance of
Friend.tech recently made a bold decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. Although the decision sparked some market reactions, it only scratches the surface of the deeper issues plaguing the
The world of cryptocurrency is a volatile and constantly evolving one, with Bitcoin being at the forefront of it all. Recently, crypto analyst Daan Crypto has shed light on a Bitcoin Rainbow Chart that provides valuable insights into the current price action of the leading cryptocurrency. Bitcoin has been struggling to maintain its position above
Ethereum, despite its immense popularity, is currently facing a bearish trend, causing concern among investors. The price drop has led to speculations that Ethereum could dip below $2,000 once again. However, there is a glimmer of hope in the form of a bullish pattern emerging on the Ethereum price chart. A falling wedge pattern has
The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks by North Korean hackers on the crypto industry and companies associated with digital asset investment products. These attacks are not your typical cyber threats; they consist primarily of sophisticated social engineering tactics that even those well-versed
Ever since the Merge two years ago, Ethereum has been experiencing a decline in performance compared to Bitcoin. What was once considered ultra-sound money, ether (ETH) is now on the brink of falling into undervalued territory. The reasons behind Ethereum’s underperformance since the Merge have been identified by blockchain analytics platform CryptoQuant. Issues such as
Bitcoin’s market price has recently experienced a significant drop, falling below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. This decrease comes after a previous crash in early August, where the price of Bitcoin plummeted before rebounding to $65,000. However, the bears appear to have regained control of
Cardano (ADA) is currently facing a critical resistance level at $0.33, indicating a period of fear and uncertainty in the market. However, there is growing optimism among some investors who view this as a buying opportunity. On-chain data from IntoTheBlock reveals that buy orders for ADA tokens outweigh sell orders by a significant margin, suggesting