The cryptocurrency market is experiencing heightened volatility as investors closely watch for updates from the upcoming Federal Open Market Committee (FOMC) meeting and the release of the Job Openings and Labor Turnover Survey (JOLTS) data. These macroeconomic events have stoked concerns among traders and analysts, leading to fluctuations in the prices of Bitcoin and altcoins….
The non-fungible token (NFT) market, which once experienced meteoric growth, is now grappling with severe instability and a sharp decline in activity. What began as an explosive rise in interest, investment, and innovation has now cooled, leaving many digital assets with little to no value. According to a recent report from nftevening.com, a staggering 96%…
The Tonkeeper wallet, the most prominent non-custodial wallet in the TON (The Open Network) ecosystem, has kicked off an exciting new initiative called the Tonkeeper Adventure. This multi-phase community participation campaign, launched on September 5, offers users the chance to earn exclusive NFTs and win a share of the $1,000 STON prize pool by completing…
Shiba Inu Likely to Surge 1,000%: Could This $0.034 Ethereum Token Follow the Same Path? The cryptocurrency market is no stranger to wild price swings, and Shiba Inu (SHIB)—a meme-inspired token that has gained massive popularity—may be on the verge of another massive surge. Analysts are speculating that Shiba Inu could see a 1,000% increase,…
As September draws to a close, Bitcoin investors may be breathing a collective sigh of relief. Historically, Bitcoin’s price tends to falter during this month, often aligning with Wall Street’s well-known “September Effect”—a period when stock markets and other investments frequently underperform. However, seasoned cryptocurrency enthusiasts know there’s reason for optimism, as “Uptober”—a month that…
In a significant blow to the cryptocurrency ecosystem, Himachal Pradesh has become a hotspot for massive crypto scams, with over ₹2,000 crore swindled from unsuspecting investors. Since 2021, authorities have arrested 89 individuals and filed 20 FIRs related to these scams, with the most notorious case being a ₹1,740 crore Bitcoin scam led by Subhash…
The cryptocurrency industry has seen an extraordinary rise in lobbying expenditures, with companies spending $40.42 million in 2023 alone—a staggering 1386% increase compared to the $2.72 million spent in 2017. This surge reflects the growing importance of regulatory issues for crypto companies as they navigate an increasingly complex global legal landscape. Major Players in Crypto…
The hackers behind the Rs 2,000 crore (approximately $234 million) heist of digital assets from the WazirX cryptocurrency exchange have begun withdrawing the stolen funds, with more than $12 million already laundered through the controversial platform Tornado Cash. Blockchain security firm Cyvers reported that the hackers have been using Ethereum (ETH) to move the stolen…
On September 6, XRP faced a sharp decline of 4.40%, reflecting a broader cryptocurrency market sell-off following the release of the US Jobs Report. The drop comes at a time of increased uncertainty surrounding Ripple, driven by both regulatory concerns and community reactions to political endorsements. Broader Crypto Market Sell-Off After US Jobs Report The…
The stock market’s benchmark index, the S&P 500, has experienced a sharp downturn in September, with its total market capitalization dropping by around $1.7 trillion. This significant decline comes amid expectations of interest rate cuts from the Federal Reserve later this month, raising concerns among investors about the near-term outlook for the economy. A Tough…
In a surprising move that has caught the attention of the cryptocurrency world, Vitalik Buterin, co-founder of Ethereum, announced his decision to donate all of his crypto proceeds and halt further investments in new tokens. Known for his innovative contributions to blockchain technology, Buterin’s decision marks a shift in his focus from accumulation to philanthropy,…
In the ever-volatile world of financial markets, whether traditional or crypto-based, investor sentiment often dictates price movements. Currently, Binance Coin (BNB) is in the spotlight, attracting the attention of traders despite a challenging market environment. Over the past week, BNB has experienced a 7% drop in value, raising concerns among some, but others are taking…
