Arbitrum, known for its layer-2 scalability solutions on the Ethereum network, has recently faced a significant decline in the price of its ARB tokens. Between September 9th and September 11th, the tokens experienced a sharp 14.5% drop, hitting a historical low. This decline is concerning to investors, who are now seeking insight into the factors
Altcoins
Pepecoin (PEPE) has experienced a significant decline in price, dropping by almost 85% from its all-time high in May 2023. The bearish momentum is expected to continue throughout the month of September. This decline can be attributed to two major security breaches that have occurred recently, causing concerns among investors and affecting market sentiment. On
The recent surge in crypto-related deaths has raised alarm bells worldwide. From the gruesome discovery of United States crypto mogul Christian Peev’s remains in a blocked drain in Sofia, Bulgaria, to the tragic shooting of Fernando Pérez Algaba, a missing cryptocurrency millionaire found in a river in Buenos Aries, these cases highlight a disturbing trend.
In the face of recent rumors and uncertainties surrounding Binance, co-founder and CEO Changpeng ‘CZ’ Zhao has come forward to address the situation. Despite the challenging market conditions, he assures the public that Binance remains financially strong and committed to retaining its employees. In a Twitter post on September 7, CZ identified various factors contributing
In a significant development, Japanese financial holding company SBI Group has announced its partnership with Ripple and SBI Ripple Asia to offer an XRP remittance service through its international remittance services arm, SBI Remit. This collaboration aims to provide fast and cost-effective remittance options to bank accounts in several Southeast Asian countries. SBI Remit has
Shiba Inu’s recently launched layer-2 blockchain, the Shibarium network, has surpassed an impressive milestone – the 1 million mark in total number of wallets. This incredible achievement comes just weeks after the network’s relaunch on August 28. The fast-paced growth indicates that nearly 900,000 wallets have been added since the relaunch, showcasing the increasing popularity
The world of cryptocurrencies is not just filled with excitement and potential riches; it also has a dark side that often goes unnoticed. Recently, prominent crypto lawyer Heather Heaver spoke out about the death threats she receives from altcoin enthusiasts. These threats, she claims, are instigated by memecoin founders who encourage their followers to intimidate
In a recent episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Although the decision does not pertain directly to Grayscale’s application for a spot Bitcoin exchange-traded fund (ETF), it still bodes well for the company and its Grayscale Bitcoin Trust. Currently, the
The cryptocurrency market is no stranger to volatility and unexpected events, and the fate of Pepe (PEPE) is a prime example of this. In August 2023, the anonymous developers of Pepe shocked investors and memecoin enthusiasts by selling nearly $16 million worth of the token, resulting in a significant drop in its price. This article
With the rapid rise of cryptocurrencies, an increasing number of investors are eagerly anticipating the next bull market, which some experts predict could occur as early as 2024. However, entering a bull market is a completely different experience from the current bear market, characterized by chaos and unpredictability. To better prepare newcomers for the upcoming