Hut 8 Corp. recently revealed its financial results for the second quarter of 2024, and it was not all good news for the leading North American Bitcoin miner. Despite experiencing a notable 72% year-over-year revenue increase to $35.2 million, the company still reported a substantial net loss of $71.9 million. This significant loss was primarily
TeraWulf faced a significant setback in the second quarter of 2024 with a 21% decrease in BTC production compared to the same period in 2023. This decline in production can have serious implications for the company’s revenue and overall performance. It is imperative for TeraWulf to address the reasons behind this decrease and take corrective
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.
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
