In today’s digital world, security breaches have become a recurring nightmare for both companies and individuals. 3Commas, a well-known crypto trading bot, recently faced another security incident that has raised concerns among its userbase. This article will delve into the details of the incident, the actions taken by 3Commas, and the implications for its reputation
The Ethereum price experienced a significant drop on Monday, allegedly triggered by the Ethereum Foundation’s decision to sell coins. This sudden plunge led to a series of liquidation events, resulting in substantial losses for ETH traders. By Tuesday, October 10, the liquidation numbers had skyrocketed to over $32 million. The data provided by Coinglass reveals
The Financial Conduct Authority (FCA) in the United Kingdom has taken action against Binance’s local partner, Rebuildingsociety.com, regarding the approval of financial promotion content from unauthorized individuals. The FCA has instructed Rebuildingsociety.com to revoke any prior approvals granted to unlicensed entities and to inform clients that it cannot endorse content from unauthorized individuals or entities.
Today, Circle, the stablecoin issuer, has made a significant announcement that has sent ripples of excitement throughout the cryptocurrency community. Circle has started minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol known as Polygon. This new development eliminates the need to bridge the stablecoin from Ethereum to another blockchain, making USDC more
As Uptober continues to drive a surge in on-chain crypto prices, the markets remain defiant despite wider risk concerns stemming from the conflict between Israel and Hamas. In addition to the ongoing market excitement, Snorlax token (SNOR) has recently exploded with a staggering increase of +500%. This surge is part of a larger trend in
The Chinese state-run newspaper, China Daily, has recently made a groundbreaking announcement regarding its plans to establish its own Metaverse and NFT platform. This ambitious venture, backed by a budget of 2.813 million Yuan, aims to create a robust platform capable of managing an impressive volume of transactions. In addition to providing seamless digital collection
Elon Musk finds himself in a challenging situation as he attempts to contest the U.S. Securities and Exchange Commission (SEC) in the acquisition of Twitter (now X). The SEC announced legal action on Oct. 5, aiming to compel Musk to comply with a subpoena and provide testimony. Musk received the subpoena in May but attempted
ApeCoin (APE) experienced a devastating setback in recent days, with the cryptocurrency witnessing a steep decline of almost 20%. This drop has sent APE teetering just below its crucial support zone, leaving traders unsure about the future direction of the token. After reaching a peak of $1.288 on October 2, APE was met with strong
Cryptocurrency exchanges have become a prime target for hackers, and the recent data shared by UPbit, a prominent South Korean exchange, highlights the gravity of the situation. The exchange operator, Dunamu, revealed that UPbit experienced a staggering 159,061 hacking attempts in the first half of this year alone. This represents a massive increase from the
Bitcoin’s price is currently showing positive signs above the $27,450 zone, and there is a possibility of a new upward movement towards the $28,500 resistance level. This article will discuss the recent price action of Bitcoin and analyze the potential scenarios for its future movement. After failing to clear the $28,500 resistance zone, Bitcoin experienced