Search Results for: cryptocurrency trading

Tether Accused of Transparency Deficit by Consumer Watchdog

Web3 and cryptocurrency consider transparency their cornerstone and crucial for the decentralization motto. Additionally, within the sector, every firm aims to provide a transparent environment to its users and investors alike. Recently, leading stablecoin issuer and cryptocurrency institution, Tether has encountered a crossroads receiving accusations regarding its transparency. Notably, the

September 13, 2024 2 mins read

Solana Price Slips to $125 Mark Amid Broader Market Selloff

Solana (SOL) Targets Rise to $155 and $160: But There’s A Catch

Solana (SOL) finds itself at a critical juncture after narrowly avoiding a breach of its crucial $126 support level, a price point that has safeguarded the cryptocurrency from major downturns since early March. As the digital asset shows signs of recovery, investors are keenly observing technical indicators for clues about

September 12, 2024 2 mins read

Powerloom Clocks Over 1 Billion Unique Data Points Ahead of Highly Anticipated Mainnet Launch

AirMoney Unveils Groundbreaking DePIN Hardware AirMoney Degn Device

During TOKEN2049, Airmoney will introduce the AirMoney Degn Device, a web3 hardware solution made specifically for DePIN. Beyond what a traditional hardware wallet can do, the device lets users engage with web3 protocols via a secure DePIN (Decentralized Physical Infrastructure Network) architecture. With AirMoney, users can do more than just storage

September 12, 2024 3 mins read

Stolen WazirX Funds on the Move Amid Active Investigation

The Indian crypto exchange, WazirX’s exploit, has been a prolonged discussion among the community for the past two months. The WazirX hack became the notable crypto hack in 2024. Meanwhile, the hacker transferred 5,000 ETH, worth approximately $11.7 million, to the mixing tool. Reportedly, the attacker has recently moved 10,000

September 12, 2024 2 mins read

Ethereum (ETH) Breaks Out and Eyes $4K Resistance

Ethereum Attempts to Disentangle from Consolidation Phase at $2.3K

The crypto sector shook off its recent slump with a surge in activity over the last 24 hours. While the web3 ecosystem made several advancements, cryptocurrency prices took a turn towards a modest positive. Relatedly, the leading altcoin and second largest cryptocurrency, Ethereum recorded a 0.98% increase in daily price

September 12, 2024 2 mins read

FTX and Alameda Unstake $431M in Solana Amid Customer Repayments

FTX Offloaded 177K Solana Coins After Staking Unlock

The defunct crypto exchange, FTX, and its sister firm, Alameda Research reclaimed the dumped 177,693 SOL tokens, worth approximately $24 million, from the Solana Proof-of-Stake (PoS) network. The exchange-affiliated wallet, H4y…gFZ, still holds a 7.057 million SOL in staking, valued around $943 million. FTX was one of the biggest holders

September 12, 2024 2 mins read

Cardano ADA Shows Signs of Recovery Amidst Market Volatility

Cardano ADA is showing signs of recovery after a period of decline. The cryptocurrency has rebounded from recent lows and is currently trading with notable bullish momentum. This resurgence comes amidst significant whale activity and shifts in trading volume. Technical indicators and market sentiment suggest that ADA could be on

September 12, 2024 2 mins read

CryptoPunks NFT Worth $1.5M Sold for $23,000

In a dramatic twist, a CryptoPunks NFT that once commanded $1.5 million was recently sold for a mere $23,000. This sudden and steep decline in value has captured widespread attention and sparked discussions within the cryptocurrency community. The NFT, a highly coveted piece from the CryptoPunks collection, experienced a shocking

September 12, 2024 2 mins read

SUI Token Spearheads this Bullish Turn Within the Altcoin Sector

The past day saw investors letting out a sigh of relief as the crypto market decided to turn bullish. Overall cryptocurrencies showed positive growth in market cap and daily trading volume as recorded by leading data aggregators. Notably, Sui Network’s token SUI led the altcoin sector in the current bull

September 12, 2024 2 mins read

BitGo Eyes Retail Crypto Market After Years of Institutional Success

BTC Holds Strong Above $58K and Targeting Key $60K Resistance

Bitcoin’s price is currently trading above $58,000, reflecting a 24% drop from the yearly high of $73,800 recorded in March 2024. The cryptocurrency market has been volatile in the second half of 2024, with BTC particularly affected by global macroeconomic uncertainty. As of September 12, 2024, BTC has surged over

September 12, 2024 2 mins read