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
In a groundbreaking move towards making cryptocurrencies more accessible for everyday purchases, MetaMask has joined forces with Mastercard and Baanx to introduce the MetaMask Card. This innovative card, currently being tested with a limited number of cards in the UK and EU, functions as a debit card that leverages the user’s cryptocurrency holdings from their
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
Ethereum has been facing significant downward pressure in the crypto market recently, experiencing multiple crashes that pushed its price back towards $2,000. This has dashed hopes of a new all-time high in the third quarter, leaving many investors uncertain about the future trajectory of the cryptocurrency. Despite the recent setbacks, there is speculation from crypto
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
As the Bitcoin price continues to trade sideways, uncertainties on the macro side have left investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory, suggesting that the crypto could potentially drop to as low as $48,000. Van de Poppe mentioned in a social media post
As Bitcoin continues to gain mainstream acceptance, more and more institutions are jumping on the bandwagon and investing in the cryptocurrency. This shift has led to a significant change in the landscape of Bitcoin holders, with large institutions now dominating the market. In fact, the top Bitcoin wallets are no longer held by private individuals,
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
At a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer made a strong case for the importance of regulatory clarity in the crypto industry. He emphasized the need for bipartisan collaboration to shape the future of the industry and highlighted Congress’s responsibility to enact common-sense regulations for crypto. Schumer’s goal is to pass comprehensive crypto
The gaming industry has been facing a growing problem with automated bot accounts causing disruptions for developers and genuine players alike. Reports indicate that a significant portion of Web3 users, including those participating in NFT allowlists and games, are bots. This poses a serious threat to the gaming ecosystem, diverting rewards from legitimate players to
After falling victim to a $235 million hack, Indian crypto exchange WazirX has made the decision to terminate its asset custody arrangement with Liminal. In a statement released on August 14, WazirX declared its intention to transfer assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets post-breach.
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
Recently, cryptocurrency exchange Binance found itself at the center of a regulatory storm in Brazil. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, demanded that Binance cease its unauthorized activities in the country or face significant fines. This marked the end of a year-long investigation into Binance’s operations in Brazil, specifically focusing on unlicensed
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