Toncoin (TON), the native cryptocurrency for The Open Network blockchain backed by the Telegram social network, has experienced a significant uptick, rising approximately 14% in the past 24 hours to trade around $6.9 during the mid-London session on Friday. The Toncoin project has emerged as a top-tier layer one (L1) blockchain, boasting a total value … Read more
According to Glassnode’s recent newsletter “The Week On-Chain” dated May 7, Ethereum’s Ether (ETH) has demonstrated comparatively weaker performance in this market cycle when compared to Bitcoin (BTC), which is currently priced at $62,988. This discrepancy in performance may pose a risk for new ETH holders who could potentially face losses. Glassnode’s analysis highlighted the … Read more
Apart from Bitcoin’s current decrease to $62,756, analysts suggest that the cryptocurrency market might discover its lowest point in June, signaling the beginning of the next altcoin bull cycle. Analyst: June could be the Altcoin bottom Crypto analyst Rekt Capital suggests that based on historical chart patterns, altcoins are likely to reach their local price … Read more
The US House of Representatives has passed a resolution aimed at overturning the Securities and Exchange Commission (SEC)’s 2022 bulletin concerning crypto custodian accounting. US President Joe Biden has issued a statement expressing his opposition to the resolution and suggesting a potential veto if the bill clears the Senate. Republicans and Democrats Unite Against the … Read more
Struggling crypto lender BlockFi revealed on Thursday its intention to shut down its web platform this month and has forged a partnership with Coinbase to facilitate the distribution of funds to its clients. The New Jersey-headquartered company stated that through its collaboration with Coinbase, eligible clients holding BlockFi Interest Accounts, Retail Loans, and Private Accounts … Read more
Slow Mist founder recently disclosed a concerning revelation about a new phishing scam exploiting the Telegram Open Network (TON) transfer mechanism to trick users into receiving apparently low-cost USDT tokens. The scam operates by disseminating deceptive messages on the TON blockchain, falsely suggesting the receipt of substantial amounts of USDT, such as “Received +5,000 USDT.” … Read more
Litecoin has risen to prominence as the preferred cryptocurrency for transactions on the Bitpay crypto payments platform, surpassing Bitcoin in adoption among users. Litecoin Outpaces Bitcoin In Crypto Transactions In a recent post on X (formerly Twitter), the Litecoin team announced that LTC has emerged as the leading cryptocurrency for payments on BitPay. They shared … Read more
The Ethereum network underwent a significant change with the implementation of the Dencun upgrade, leading to a shift in the supply dynamics of Ether (ETH). Following this upgrade, which went live two months ago, the total supply of Ether increased from 120 million on March 12 to 120.1 million on May 7, marking the first … Read more
Charles Hoskinson, the founder of Cardano, recently discussed the community’s enthusiasm for the proposed CIP-69, aimed at simplifying development on the Cardano blockchain. In a social media post, he confirmed ongoing discussions with development groups about integrating CIP-69 into the upcoming Chang Hard Fork. While the proposal garners support from much of the Cardano Foundation … Read more
A 70-year-old businessman and his 30-year-old son were apprehended by authorities in connection with an investigation into the abduction of a cryptocurrency investor. They voluntarily surrendered to police at Tai Po Police Station, accompanied by their legal representative. Although not directly implicated in the actual abduction, the businessman and his son were arrested on suspicion … Read more