Opeyemi is a talented writer who has found his passion in the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become deeply fascinated by it over the past two years. Opeyemi takes pride in his ability to create informative pieces that break down the complexities of blockchain technology and
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The current choppy consolidation in bitcoin’s price action has left many market players feeling uneasy. However, certain holders of the world’s largest crypto asset are taking advantage of the uncertainty by increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been actively accumulating more of the cryptocurrency. According to recent
Tokyo’s Metaplanet investment firm made headlines recently after revealing its acquisition of an additional 57.273 BTC. The investment, valued at approximately 500 million yen or $3.4 million, comes at a time when the cryptocurrency market is experiencing a lull. This move by Metaplanet is part of a larger strategy that was announced on August 8,
In a surprising turn of events, Cardano (ADA) has been pushed out of the top 10 cryptocurrencies list by market capitalization. Tron (TRX) has taken its place, marking a significant shift in the cryptocurrency market. Cardano’s fall from grace comes after experiencing substantial price declines over the past week, leading to a decrease in its
Bright Star Studios, the developers behind the highly anticipated MMORPG Ember Sword, recently announced a switch from Immutable X to the Mantle Network. This decision is aimed at enhancing the gaming experience by leveraging Mantle’s cutting-edge technology. The move is expected to have a significant impact on the game, its players, and the future of
German authorities recently confiscated $28 million in cash and 13 cryptocurrency ATMs in a nationwide operation aimed at curbing unlicensed activities. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this coordinated effort is part of a larger initiative to strengthen oversight within Germany’s rapidly expanding crypto market. The operation, conducted in collaboration with law enforcement
In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, disclosed that it successfully avoided over $2.4 billion in potential user losses related to scams and fraudulent activities within the first seven months of 2024. A significant portion of the averted losses, approximately $1.1 billion, were associated with withdrawals connected to
The meme coin sector has experienced a surge in recent days, leading to a rally that pushed the market cap above $40 billion. This growth can be attributed to the increase in popularity of cat-themed meme coins such as Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). These assets have seen
A recent class action lawsuit has placed basketball star Shaquille O’Neal in the spotlight due to his association with the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, leading to financial losses for investors. While O’Neal was deemed a ‘seller’ of Astral NFTs by the court, the claim that he was a
Samuel Edyme, also known as HIM-buktu, is a multi-talented individual who has made a name for himself as a web3 content writer, journalist, and aspiring trader. His story is not your typical success narrative, but rather a journey of resilience and ambition in the face of challenges. Edyme’s entry into the world of cryptocurrency was
At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, reached $3 in August, marking a significant milestone for the project. However, the subsequent activation of smart contracts through the Alonzo hard fork led to a downward trend in ADA’s price, with the token currently trading at around $0.32.
The recently published 2024 Democratic Party Platform has raised eyebrows in the crypto community for its complete omission of any mention of Bitcoin, crypto, or blockchain technology. This ninety-two-page document focuses on issues such as lowering housing costs, addressing climate change, and ensuring that the wealthy and corporations pay their fair share of taxes. However,
The world of cryptocurrency has been a tumultuous one, with Ethereum (ETH) experiencing its fair share of challenges. Despite being the second-largest cryptocurrency, ETH has been struggling to regain its footing in recent times. The price of Ethereum has been on a downward trend, with no clear signs of a recovery in sight. One significant
The Nigerian Federal Inland Revenue Service (FIRS) is exploring new legislation to tax the rapidly expanding crypto sector in the country. This initiative, as announced by FIRS Executive Chairman Zacch Adedeji during a session with the National Assembly’s Finance Committees, is set to bring about much-needed modernization to Nigeria’s regulatory framework. According to Adedeji and
Cardano, once a prominent player in the top 10 cryptocurrencies, has now slipped out of this elite group by market capitalization. This shift may not be surprising for those who have been closely following Cardano (ADA) as it has been facing significant challenges in the crypto market. One of the major reasons for Cardano’s decline
The Lost Glitches is an immersive card game set in a futuristic world that combines card strategy with role-playing aspects to provide players with a fun and engaging gaming experience. Whether you are new to card games or an experienced player, mastering The Lost Glitches requires understanding the game mechanics, strategic planning, and a touch
Hut 8 Corp., a prominent Bitcoin miner in North America, recently disclosed its financial results for the second quarter of 2024. Despite experiencing a substantial 72% year-over-year revenue growth to reach $35.2 million, the company reported a significant net loss of $71.9 million. This financial outcome was primarily driven by a $71.8 million loss resulting
Intersect, the organization overseeing the Cardano blockchain’s development, recently issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. The upgrade is set to introduce on-chain governance to the Cardano ecosystem, marking a pivotal step toward establishing a “decentralized civilization” for millions of users. According to
TeraWulf’s second-quarter earnings report for 2024 showcased a mixed performance in terms of BTC production and revenue. While the company mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, there was a 21% decrease from the same period in the previous year. However, the revenue for the quarter was $35.6 million, slightly surpassing
Norway, a country with a population of nearly 5.5 million, has made headlines for its significant investments in Bitcoin. The government’s total investments for its citizens amount to a staggering $1.7 trillion, with a portion of that allocated to Bitcoin stocks. In fact, Norway now indirectly owns 2,446 BTC through its investments in crypto stocks,
Semilore Faleti’s journey in the field of journalism and content creation started off on a diverse range of subjects before he found his niche in blockchain and cryptocurrency. His ability to break down complex concepts within the digital asset space and explain them in a simple and accessible manner reflects his skill as a writer
Samuel Edyme, also known as HIM-buktu, is not your average web3 content writer or journalist. His journey into the world of crypto did not start with a successful investment, but rather with a scam that lured him in. This Ponzi scheme, disguised as a crypto payment opportunity, served as a lesson for Edyme to become
Bitcoin, the world’s largest cryptocurrency, is facing a new bearish death cross, according to a recent analysis. The analyst, known as ‘Mags,’ highlighted key pattern formations and future outlook for Bitcoin. This bearish death cross occurs when the 50-day Moving Average (50 MA) crosses below the 200-day Moving Average (200 MA) on the daily chart.
In a recent landmark ruling by the Dubai Court of First Instance, cryptocurrencies have been officially recognized as a valid mode of salary payment in the United Arab Emirates. This ruling sets a precedent in employment contracts, signaling a significant shift towards the adoption of digital assets in the region. The case in question involved
The crypto market has seen a significant increase in Cardano’s trading volume in the past 24 hours. Data from various sources such as CoinGlass and CoinGecko show a surge in trading activity, with volumes reaching impressive levels. However, despite this surge in volume, the price of ADA, Cardano’s native token, has not seen a corresponding
Recently, blockchain investigator ZachXBT uncovered a shocking case of theft involving North Korean developers who reportedly stole $1.3 million from a project’s treasury. The nefarious act was carried out by individuals hired under false identities who injected malicious code into the system, enabling them to transfer funds without authorization. According to ZachXBT, the stolen funds
Ethereum, the leading altcoin in the cryptocurrency market, has been facing challenges in recent years. Market researcher DeFi Ignas’s analysis highlights the struggles Ethereum has had in keeping up with its peers. The declining value against Bitcoin and the underperformance compared to Solana have raised concerns about the future prospects of Ethereum. Ignas points out