Crypto enthusiasts were left scratching their heads after witnessing unusual price movements for Ripple’s XRP token on the Gemini crypto exchange. Screenshots shared on social media revealed what many referred to as a “price glitch” that caused the displayed price of XRP to skyrocket above $1 and even reach an astonishing $50 at one point.
Altcoins
Binance Labs, the venture arm of the prominent cryptocurrency exchange Binance, has recently made a significant investment of $5 million in Curve (CRV), the token of the decentralized stablecoin trading platform. This investment marks a turning point for Curve and has far-reaching implications for the decentralized finance (DeFi) ecosystem. Curve is distinguished as the largest
The cryptocurrency industry has been plagued by scams, and the latest victim is Blockchain Capital, a well-known crypto-focused venture capital firm. Its Twitter account was recently taken over by scammers who attempted to deceive users into a token claim scam. This incident highlights the growing threat of scammers infiltrating social media platforms to trick unsuspecting
Cardano (ADA) has been experiencing a price movement that raises concerns among investors. The cryptocurrency is showing signs of entering a breakdown stage of a classic technical pattern called a bump and run reversal (BARR). This pattern occurs when excessive speculation drives the price of a cryptocurrency higher rapidly, eventually leading to a “bull trap”
Cryptocurrency asset flows for the week ending Aug. 4 indicated a downward trend, with $107 million in outflows, adding to a three-week negative streak totaling $134.8 million. The majority of the movement was attributed to Bitcoin (BTC), which accounted for $111 million in outflows. CoinShares’ “Digital Asset Fund Flows” weekly report suggests that the current
In a groundbreaking discovery, South Korean scientists recently unveiled a new superconducting material, LK-99, that operates under ambient temperature and pressure. Unlike previous superconductors that only functioned at absolute zero temperatures, this material allows for the effortless flow of electrical currents without any resistance or energy loss. The implications of this breakthrough have reverberated across
In the world of cryptocurrencies, the influence of social media on price movements is well-known. However, a recent study conducted by the Network Contagion Research Institute (NCRI) suggests that Twitter bots may have a much larger role in artificially inflating the price of altcoins than previously understood. The study analyzed over 3 million tweets involving
The recent decline in the price of Aave’s governance token, AAVE, has raised questions among investors about the future prospects of the decentralized finance (DeFi) sector. Between July 30 and August 1, the token experienced a 17% decline, reaching the $62 level. Although the token has managed to hold the $62 support level, the current
The recent episode of “The Market Report” delves into the controversy surrounding the BALD token rug pull and the alleged involvement of FTX founder Sam “SBF” Bankman-Fried. The token, launched on Coinbase’s Base network, experienced significant gains in late July. However, suspicions arise regarding the manipulation of BALD’s price through fake volume and orchestrated trading
The WLD token has gained significant attention since its launch, and its availability to users has become a topic of interest. In this article, we will delve into the various avenues through which individuals can purchase the WLD token, taking into account different factors such as market trends and legal compliance. To cater to the
Bitcoin (BTC) has been trading within a tight range in recent days, indicating a consolidation phase for the cryptocurrency. This is a minor positive for Bitcoin as the range has formed near the recent local high, suggesting that the bulls are still holding on and anticipating an upward move. However, it’s worth noting that Bitcoin’s
The price of Worldcoin (WLD) made a volatile debut across mainstream cryptocurrency exchanges. It initially soared nearly 6% to $2.35 on July 29 but quickly plummeted, ending up down 70% from its market debut peak of $7.50. This extreme price fluctuation highlights the unstable nature of the token’s initial launch. After the initial turbulence, the
The year 2022 proved to be a challenging one for Cosmos and its vision of inter-blockchain communications (IBC). Multiple setbacks, including the collapse of the Terra Luna ecosystem, internal tensions among co-founders, and a decline in token price, have cast doubt on the future prospects of the network. However, despite these challenges, projects such as
Block.one (B1), the creator and original seller of EOS (EOS), is facing yet another legal battle. The EOS Network Foundation (ENF) founder and CEO, Yves La Rose, believes that this latest legal action could potentially lead to higher compensation for the plaintiffs. In a recent announcement, La Rose revealed that ENF is preparing a lawsuit