Over the past two weeks, bitcoin has been on a rollercoaster ride, experiencing a market correction of approximately 11%. Despite briefly rebounding to $58,000, the leading cryptocurrency still has a way to go before reaching its all-time high levels. On-chain Data Insights According to on-chain data from the blockchain market intelligence firm Santiment, there has
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The financial landscape in Europe is witnessing a significant shift as leading Swiss bank Zurich Cantonal Bank has recently introduced cryptocurrency trading services for its customers. This move signals a growing acceptance and adoption of digital assets within the traditional banking sector. On September 4, 2024, Zurich Cantonal Bank announced the launch of Bitcoin (BTC)
In a recent analysis, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current cycle of ETH prices. This pattern bears resemblance to similar patterns observed in previous cycles, albeit on a much larger scale. Cowen highlighted that the ETH/BTC structure bottomed out after an interest rate cut in
Phishing scams continue to be a significant threat in the cryptocurrency industry, with scammers constantly finding new ways to deceive users and steal their funds. The latest warning comes from Jameson Lopp, co-founder of CasaHODL, who highlighted a new phishing scam targeting Gemini users. The scammers behind this phishing scam are using a clever ruse
Cardano (ADA) has seen a surge in various key metrics within its ecosystem, especially following the successful implementation of the anticipated Chang upgrade on September 1. Despite facing a bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. According to a recent social media post by the
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
X Empire has taken the world of gaming by storm with its innovative approach to tap-to-earn crypto games. By combining virtual mining with the allure of cryptocurrency, X Empire has captured the attention of players looking to explore new opportunities in the blockchain space. At the core of X Empire’s gameplay lies the concept of
The Ethereum market is experiencing a shift in dynamics, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant’s Ethereum Exchange Reserve metric has been on the rise, tracking the amount of ETH held in exchange wallets. This uptick in the metric suggests that traders are transferring their ETH to exchanges in preparation
The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a
In the month of August, data from bitcoin on-chain analysis platform Bitbo revealed that miners of the largest cryptocurrency experienced a significant decline in revenue generation. The figures showed that BTC mining activities only secured $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This downturn also represented a 57%