In 2024, the US Securities and Exchange Commission (SEC) made a significant impact on the crypto industry by imposing a record-breaking $4.68 billion in fines against various companies. This marked a drastic increase from previous years and signaled a new era of heightened regulatory scrutiny in the digital asset market. The SEC’s enforcement actions have
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In response to the recent hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure to ensure security. The hack prompted Liminal to launch its own internal investigation and engage independent auditors to assess potential vulnerabilities within its platform. Grant Thornton’s audit found no evidence of
In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. While Coinbase once dominated over half of the US crypto market share, its numbers have dropped to 41% in early September, down from 53% just a few months prior. On the other hand, Bullish has
Bitcoin (BTC) has faced significant price weaknesses recently, particularly following the release of August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. This lackluster data led to a sharp decline in BTC’s price, dropping nearly 5% to trade below the $54,000 range. This price dip marked its lowest level since early August. In
Friend.tech recently made a significant decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has had a profound impact on the platform’s ecosystem, particularly affecting the value of the FRIEND token. While the immediate market reactions were noticeable, the decision reflects deeper issues that Friend.tech has been
Ethereum, despite its popularity, has been underperforming when compared to other top cryptocurrencies by market cap. This downward trend has left many investors in a precarious position, with the price of ETH potentially falling below $2,000 once again. The recent decline in price has led to the formation of a falling wedge pattern for Ethereum,
Crypto analyst Daan Crypto recently shared insights from a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to the analyst, Bitcoin needs to maintain its position above $60,000 to initiate a bullish reversal. The chart indicates that Bitcoin is currently trading in the dark green region, struggling to stay within the
Recently, the United States Federal Bureau of Investigation (FBI) issued a concerning alert regarding the aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not only advanced but also involve sophisticated social engineering tactics that are challenging to detect, even for individuals well-versed
The Merge that Ethereum underwent two years ago has had a significant impact on its performance relative to Bitcoin. Once known for its reputation as ultra-sound money, ether (ETH) is now facing the possibility of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has pinpointed the major drivers behind Ethereum’s underperformance post-Merge, including inflationary supply
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the ongoing downturn, there are certain metrics that indicate a growing optimism among some investors. It seems that a portion of the market is accumulating ADA at these levels, suggesting
