The Open Network and its native token, TON, recently experienced a significant drop in price. The price plummeted by over 90% in just a few minutes on CoinMarketCap. This sudden crash saw TON’s value decrease from $5.2 to around $0.3. Despite the alarming drop, this issue was not directly caused by Toncoin or its team.
Crypto
The Crypto Wealth Report 2024 by Henley & Partners has revealed a significant surge in the number of individuals holding over $1 million in digital assets, with a staggering increase of 95% to 172,300. This growth is parallel to the booming crypto market, which has witnessed a remarkable rise in its total value to $2.3
The recent surge in cyberattacks within the crypto space has caused significant financial losses to investors and companies alike. According to a report by blockchain security firm PeckShield, over $313 million was lost in a series of hacks last month. Notably, two large phishing attacks accounted for 93.5% of the total stolen funds, resulting in
Recent data from Bitbo, a leading bitcoin on-chain analysis platform, reveals a concerning trend for BTC miners. In August, miners suffered their worst month in nearly a year in terms of revenue generation. The total revenue generated from mining activities dropped to $827 million, a significant decrease of more than 10% from July’s $927.35 million.
The digital asset investment products market experienced a significant $305 million in outflows last week, leading to a widespread negative sentiment among various providers and regions. CoinShares has attributed this trend to the release of stronger-than-expected economic data from the United States. This economic data has not only impacted the market sentiment but has also
Bitcoin’s price took a significant hit in the past 24 hours, dropping to a 2-week low of $57,100. This sudden slump comes after a period of volatility in the market where the leading cryptocurrency failed to sustain its previous gains. Just a week ago, BTC surged to over $65,100 following positive developments in the US,
Recently, a London resident named Habibur Rahman made history by becoming the first person in the UK to face criminal charges for operating a Bitcoin ATM without proper registration. This groundbreaking incident occurred after a raid conducted by Kent Police at a gadget shop in Chatham, where Rahman was found to have multiple crypto ATMs,
Bitcoin, the popular cryptocurrency, has been receiving a lot of attention lately for its reliability and success in the digital space. With a track record of never failing to execute new transactions and never being hacked at its core, Bitcoin has proven its ability to deliver on its promises. As one commentator aptly put it,
The payments industry has seen significant growth over the last five decades, becoming one of the largest and fastest-growing sectors globally. However, it faces a critical issue – the reliance on outdated technology that is becoming increasingly inefficient. As highlighted in a report by Binance Research, blockchains, distributed ledger technology (DLT), and applications built on
In a game-changing move for the cryptocurrency world, the Singapore-based exchange Crypto.com has recently partnered with Standard Chartered, a multinational banking giant, to offer fiat services to retail users globally. This collaboration opens up new possibilities for users looking to seamlessly transition between traditional fiat currencies and cryptocurrencies. Standard Chartered will provide banking and payment