The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000. This disappointing figure brought the three-month average to 86,000, significantly lower than the 202,000 seen in the same period the year before. While the job addition numbers were underwhelming, the
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Toncoin (TON) has experienced a significant drop in price since its peak in June, currently trading at around $4.80, which is 40% lower than its highest point. The decline in price can be attributed to negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging app associated with TON.
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase. The lawsuit alleges that the largest US crypto exchange misled shareholders about the possibility of facing legal action from the SEC. The judge, Brian Martinotti, found that Coinbase and its top executives may have defrauded shareholders by downplaying the
As popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession, he highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. With a significant following of 369,000 on YouTube, Gambardello
Arthur Hayes, the co-founder of BitMEX, recently shared his pessimistic view on the immediate future of Bitcoin prices. He expressed his market maneuver, indicating that he believes Bitcoin will drop below $50k in the coming weekend. Hayes did not provide specific reasons for his prediction, but the timing of his statement coincides with the release
The ApeCoin ecosystem has recently unveiled a groundbreaking Blueprint that sets the course for its future development. At the core of this ecosystem lies ApeChain, a robust blockchain layer that places a strong emphasis on catering to the needs of both developers and users within the ecosystem. By focusing on enhancing the discoverability of decentralized
The crypto market is highly sensitive to news, trends, and community discussions that shape narratives around various topics. One of the leading topics that have significantly impacted the community is the narrative surrounding crypto whales – large holders of bitcoin and other top cryptocurrencies. These whales have a massive influence on crypto prices, which has
The recent incident involving the theft of over $235 million from the Indian crypto exchange WazirX has brought to light the alarming rise of cyber crime in the crypto industry. According to reports from blockchain security firm Cyvers, the hacker responsible for the theft has been actively laundering the stolen funds. In just 24 hours,
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since the beginning of summer in June, the price of Bitcoin has experienced a significant decline, with multiple flash crashes shaking the market. The once high-flying cryptocurrency has witnessed a drop from over $70,000 to below $50,000
Robinhood’s cryptocurrency division recently agreed to pay a hefty fine of $3.9 million as part of a settlement following an investigation by the California Attorney General’s office. According to the statement released on September 5th, the investigation revealed some concerning practices by Robinhood Crypto. The company was found guilty of preventing users from withdrawing their