The US jobs report released on Friday fell short of the general expectations for over 160,000 new job positions to be filled. Instead, the report revealed that local employers added 142,000 new jobs in August, a number lower than the anticipated figure. This disappointing job growth trend is concerning as it indicates a slowdown in
Crypto
Toncoin (TON) has experienced a significant downturn since reaching its peak in June. The once-promising cryptocurrency saw its price drop by 40%, leaving a large majority of investors at a loss. This sharp decline comes in the wake of negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging
One of the key narratives that has been shaping the crypto market is the discussion around crypto whales, who are large holders of bitcoin and other major cryptocurrencies. These whales have a significant impact on prices, causing concern within the community about market manipulation. Social media platforms have been buzzing with fears of whales manipulating
The Future Forward USA PAC, which is in support of Vice President Kamala Harris’s presidential campaign, has recently announced that they will be accepting crypto donations through Coinbase Commerce. This decision follows some initial confusion caused by comments made by Coinbase’s CFO, Alesia Haas, during the Citigroup’s 2024 Global TMT Conference in New York. Haas
Recently, Ripple made headlines by announcing a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with 12 of them strategically located in the Asia Pacific region.
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have once again highlighted the critical importance of proper custody practices in the cryptocurrency industry. The SEC found that Galois failed to ensure that the crypto held by the private fund it was advising was held with
Bitcoin faced a significant drop, falling below $56,000, prompting concerns about its future trajectory. Arthur Hayes, the co-founder and former CEO of BitMEX, highlighted the possibility of the cryptocurrency sliding further to $50,000 in his recent article. Not only did he suggest a potential decline in Bitcoin’s value, but he also warned about altcoins facing
In recent times, the Ethereum market has experienced a notable shift, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant Ethereum Exchange Reserve metric has been a key indicator, tracking the amount of ETH held in exchange wallets. This rise in the metric often signals that traders are moving their ETH onto
In recent months, there has been a noticeable decline in whale activity across major crypto assets such as Bitcoin and Ethereum. According to Santiment’s latest analysis, high-value transactions of $100k or more have decreased significantly. For example, during the period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each. However, by August
The Open Network (TON) and its native token have been facing a series of challenges in recent times. Last week, the platform experienced outages due to the overwhelming demand for DOGS, leading to frustration among users. However, the latest setback came in the form of a drastic price drop of over 90% in just a
