Norway, with a population of nearly 5.5 million, has made headlines with its significant investments in Bitcoin. The government’s investments for its citizens total some $1.7 trillion, with a portion allocated to Bitcoin stocks. In fact, Norway now indirectly owns 2,446 BTC through its investments in crypto stocks, marking a bullish move for the cryptocurrency.
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Intersect, the organization overseeing the Cardano blockchain’s development, has issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. This call comes as more than 80% of stake pool operators on Cardano (ADA) have already moved to the latest validator node, 9.1.0. However, for the success
Ethereum has been facing challenges in keeping up with other cryptocurrencies such as Bitcoin and Solana. It has experienced a decline of 47% against Bitcoin and has been outperformed by Solana by 6.8x since early 2023. The reasons for this underperformance are debated, but some key factors include the easier narrative of “digital gold” around
A recent ruling by the Dubai Court of First Instance has set a precedent by recognizing cryptocurrencies as a legitimate mode of salary payment in the United Arab Emirates. This landmark decision has significant implications for employment contracts in the region, highlighting the growing adoption of digital assets such as EcoWatt tokens (EWT) in the
A recent analysis by a crypto analyst, identified as ‘Mags,’ has revealed a new bearish death cross formation for Bitcoin, the leading cryptocurrency in the world. This signal is concerning as it indicates a potential short-term weakness in the Bitcoin market. The death cross occurs when the 50-day Moving Average crosses below the 200-day Moving
Blockchain investigator ZachXBT recently uncovered a case involving North Korean developers who reportedly stole $1.3 million from a project’s treasury. These developers, hired under false identities, inserted malicious code into the system, enabling them to make an unauthorized transfer of funds. The stolen money was first sent to a theft address, then moved from Solana
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a background in web3 content writing, journalism, and trading. His entry into the world of cryptocurrencies was not a smooth one, as he fell victim to a Ponzi scheme in the early stages of his career. Instead of being deterred by this setback, Edyme
The recent surge in trading volume for Cardano has caught the attention of many investors in the crypto market. With a 150% increase in trading volume amounting to $477 million, Cardano has managed to make a significant impact. However, despite this surge, the price of Cardano’s native token, ADA, has failed to show a proportional
The partnership between MetaMask, Mastercard, and Baanx has brought about a revolutionary product – the MetaMask Card. This card aims to simplify the process of using cryptocurrency for everyday purchases by allowing users to directly access their crypto holdings through a self-custodial wallet in the form of a debit card. Unlike traditional methods of spending
In a recent report by Bitwise, it was revealed that U.S.-based institutional investors are continuing to show strong support for Bitcoin through spot ETFs. Despite market volatility and declining prices in the second quarter, approximately 66% of these investors either maintained or increased their holdings. This trend was highlighted by Bitwise’s chief investment officer, Matt
