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
Recently, crypto analyst ‘Titan of Crypto’ revealed a technical pattern that has never been witnessed before in the cryptocurrency market. A golden cross is in the making between the 100-day moving average and the 200-day moving average, signifying a potential bullish long-term trend reversal. This pattern, unlike the traditional golden cross involving a 50-day and
MetalCore’s Season 1 brings a plethora of exciting new features and enhancements that players can look forward to. One of the most significant changes is the introduction of new gameplay improvements aimed at enriching the experience for both new and experienced players. The introduction of MetalCore’s “Intro Mission” during the closed-alpha phase will provide players
Despite the high expectations of many traders and investors, Ethereum’s price action in recent months has fallen short. The cryptocurrency is currently stuck in a bearish trend, with its price down by 23% over a 30-day period. This disappointing performance comes as a surprise to those who were hopeful for a bullish surge following the
In a recent report released by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has skyrocketed by 95% to 172,300. This surge in wealth comes at a time when the crypto market has experienced significant growth, with its total value increasing to $2.3 trillion, marking
The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has sparked apprehension from the SEC regarding potential violations of federal securities laws. The SEC’s filing on Aug. 30 indicated that
In the past month, the cryptocurrency industry has been hit with a series of high-profile hacks resulting in losses totaling over $313 million. These hacks have highlighted the vulnerabilities present in the crypto space, with over 10 different incidents contributing to the staggering amount lost. The most significant losses, accounting for 93.5% of the total
Last week, digital asset investment products experienced outflows totaling $305 million, signaling a widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States, which has subsequently decreased the likelihood of a 50-basis point interest rate reduction. As a result, the asset manager
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a grim picture for miners, showing their worst month in nearly a year in terms of revenue generation. The figures reveal that BTC mining activities secured a mere $827 million in August, marking a significant 10% decrease from the previous month’s earnings of $927.35 million.
Cryptocurrency exchange OKX’s Singaporean entity, OKX SG, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. To qualify for the MPI license, companies must be registered
