Crypto

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,

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

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

The price of Bitcoin dropped by 2.5% on Wednesday to $59,100 following the news that the U.S. government had transferred more of its Silk Road-associated Bitcoin holdings to Coinbase Prime. This move raised concerns among investors and analysts about the impact of such large transactions on the market. According to reports from the on-chain analysis

Sahil Arora, a prominent figure in the crypto industry, made headlines this year with his reported earnings of $3 million. Initially estimated at $30 million, Arora’s journey from India to Dubai saw him collaborating with celebrities like Floyd Mayweather and Caitlyn Jenner to promote various meme coins. Starting with the Vuzelaa Group in 2017, which

Despite market volatility and declining prices in Q2, U.S.-based institutional investors continue to show strong support for Bitcoin through spot ETFs. According to Bitwise, around 66% of institutional investors either maintained or increased their holdings during this period. This trend is highlighted by the increase in filings associated with spot Bitcoin ETFs, with a total

In the world of cybercrime, the landscape is constantly evolving and becoming more sophisticated. Despite an overall decrease in illicit transactions, there has been a concerning rise in stolen funds and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July, indicating a

Metaplanet recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, the company announced securing

In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has forged a unique partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks a significant milestone for both the cryptocurrency industry and the world of sports sponsorship. Crypto.com’s Role as Global Sponsor Crypto.com will be the official global sponsor of the

Core Scientific, a Texas-based Bitcoin mining company, recently announced the pricing of its increased offering of $400 million in convertible senior notes. Originally set at $350 million, the offering was upsized due to favorable market conditions. Scheduled to settle in August 2024, the notes will be issued privately to qualified institutional buyers, with an option

In the midst of the current market downturn, investor sentiment in the digital asset market remains uncertain. However, insights from Glassnode reveal a shift towards HODLing and accumulation among cryptocurrency investors. The data indicates a trend where investors are increasingly holding onto their assets rather than engaging in selling. Glassnode’s Accumulation Trend Score (ATS) metric,

Ethereum’s Layer 2 ecosystem is currently experiencing a surge in activity, with daily transaction volumes hitting new records. According to recent data, transactions across Layer 2 networks reached 12.42 million on August 12, showcasing a significant increase in user engagement and scalability. This growth is a promising sign for the future of Ethereum’s Layer 2

The price of Bitcoin experienced a significant increase of nearly $2,000 in just one day, driven by the unexpected positive core Producer Price Index (PPI) numbers in the United States. This surge also influenced the performance of several alternative cryptocurrencies, with TON leading the pack with a surge to over $6.7. Bitcoin managed to climb

Coinbase recently submitted a comment letter criticizing the US Securities and Exchange Commission’s (SEC) cost-benefit analysis of the proposed rule. The letter pointed out significant flaws in the SEC’s assessment of the rule’s economic impact on efficiency, competition, and capital formation. Despite admitting a lack of crucial information on decentralized exchange (DEX) operations and compliance

The once-prominent crypto hedge fund, Three Arrows Capital (3AC), is now at the center of a $1.3 billion lawsuit against TerraForm Labs. The liquidators of 3AC are aggressively pursuing legal action against the bankrupt digital assets company, alleging market manipulation that resulted in substantial losses for the fund. TerraForm Labs, co-founded by Do Kwon, is

The current market conditions have left many new Bitcoin investors in a state of financial stress. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis show that newer market participants are facing significant losses on their Bitcoin (BTC) investments. The Short-Term Holder

The US spot Ethereum ETFs saw a significant increase in total inflows on Monday, with a total of $4.9 million pouring into the market. Among the top performers was Fidelity Ethereum Fund (FETH), which recorded an inflow of $3.98 million, followed closely by Bitwise Ethereum ETF (ETHW) at $2.86 million, and Franklin Ethereum Trust (EZET)

SUI has experienced a significant 125% weekly increase, largely attributed to the launch of Grayscale’s Sui Trust. The trust has brought attention to SUI and attracted investors looking to capitalize on the underlying asset. However, despite the impressive gains, there are indications that SUI may be overbought. Industry figures like Raoul Pal have praised SUI

The recent market downturn has surprisingly turned out to be a beneficial period for Ethereum and other cryptocurrencies. Investors have seized the opportunity to buy the dip, resulting in Ethereum attracting an impressive $155 million in inflows over the past week. The positive sentiment extended beyond Ethereum, with Bitcoin also experiencing an increase in inflows

Recently, Binance, the world’s largest cryptocurrency exchange, made a significant announcement regarding the delisting of six altcoins from its platform. The delisted altcoins include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This decision is part of Binance’s periodic review process to ensure that each digital asset listed

Following a significant liquidation event in the Ethereum (ETH) futures market, CryptoQuant analyst Shayan believes that the cryptocurrency may be on the verge of a rally. The recent liquidation event, coupled with historical data, suggests that ETH could experience a price surge as spot buying pressure increases and the market stabilizes. Despite a recent dip

The XRP price saw a significant surge recently following a court ruling in the Ripple v SEC case. This surge led to a 20% rally in a single day, with the price almost reaching $0.64 and the market capitalization crossing $35 billion. This surge in price came shortly after a development in the lawsuit, where

As bitcoin continues its unpredictable journey, analysts are closely monitoring technical indicators and signals to gain insights into its future trajectory. A recent report from crypto derivatives data provider CoinGlass highlighted the significance of the liquidity heatmap, which currently indicates key first-test lines at around $56,800. The implications of this level are crucial, as a

Bitfarms, a Toronto-based Bitcoin mining company, recently reported a total revenue of $42 million for the quarter, marking a 16% decline. This decrease is primarily attributed to the reduction in block rewards following the BTC halving event in April 2024. The company also reported a net loss of $27 million, or $0.07 per share, which

Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with a score of 570.1. This high score solidifies ICP’s position as the second-largest token in the Artificial Intelligence (AI) realm, with a market capitalization approaching $3.5 billion. Despite experiencing a price surge in March, reaching nearly $20, ICP has retraced

Bitcoin’s price movements over the weekend have settled into a much calmer state, with the asset maintaining a relatively stable position just above $61,000. The previous weekend saw a significant dip in value, with bears pushing the primary cryptocurrency down from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday, as