In the midst of the bull run of 2020 to 2021, ADA, the token native to Cardano, reached a peak of $3 in August. However, this moment was short-lived as developers introduced smart contracts during the same period, marking the beginning of the Goguen phase after the successful implementation of the Alonzo hard fork. Since
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The challenging crypto market has not spared Ethereum (ETH), the second-largest cryptocurrency. Despite its position, Ethereum has been facing significant challenges in recent weeks, with its price failing to show any signs of a sustained recovery. Crypto analyst Ali Martinez highlighted that some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily
The recently published Democratic National Committee 2024 Party Platform failed to include any mention of Bitcoin, cryptocurrency, or blockchain technology. This omission stands in stark contrast to the Republican Party’s platform, which explicitly promised to end the anti-crypto crackdown initiated by President Biden and the Democratic Party. The ninety-two-page document focused on key issues that
The Nigerian Federal Inland Revenue Service (FIRS) has recently announced plans to introduce legislation to tax the rapidly growing crypto sector in the country. This move is seen as a step towards driving economic growth and innovation, as well as modernizing Nigeria’s regulatory framework to incorporate new technologies that have previously been unaddressed by existing
The Lost Glitches is a captivating card game that transports players into a futuristic setting, where they take on the role of Glitches in a quest to reclaim their lost memories. The game’s storyline and depth provide an immersive gaming experience that keeps players engaged and coming back for more. At the core of The
Hut 8 Corp. recently reported a net loss of $71.9 million in the second quarter of 2024, despite a significant 72% increase in revenue to $35.2 million compared to the same period last year. The company attributed this loss to a $71.8 million loss resulting from the fair value adjustment of its digital assets, driven
Norway, a country in northern Europe with a population of nearly 5.5 million, has made significant investments in Bitcoin stocks totaling around $1.7 trillion. This year, the government has increased its holdings of Bitcoin, now indirectly owning 2,446 BTC through its investments in crypto stocks. This move showcases a bullish stance on Bitcoin and highlights
TeraWulf’s second-quarter earnings report revealed a 21% decrease in the amount of BTC mined compared to the same period last year. This decline in production is concerning as it indicates a possible inefficiency or issue within the company’s mining operations. With the volatile nature of cryptocurrency mining, any decrease in production can have significant financial
Intersect, the organization overseeing the Cardano blockchain’s development, has recently issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for Chang Upgrade #1. This call stems from the need for crypto exchanges and decentralized apps to upgrade to node 9.1.0 and report their progress to ensure the success of
Ethereum, one of the leading altcoins in the cryptocurrency market, has been facing challenges in keeping up with its competitors. Market researcher and analyst DeFi Ignas has conducted a profound analysis of the bullish and bearish scenarios for Ethereum, shedding light on its current situation and future prospects. Over the past two years, Ethereum has
