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
A recent ruling by the Dubai Court of First Instance has made waves in the employment landscape of the United Arab Emirates. This landmark decision recognizes cryptocurrencies as a valid mode of salary payment, highlighting the increasing adoption of digital assets in the region. The case in question involved a plaintiff suing their former employer
Samuel Edyme, fondly known as HIM-buktu, is not your average web3 content writer and journalist. His journey into the crypto universe is nothing short of cinematic. What started as a run-in with a Ponzi scheme that lured him in using crypto as payment, turned into a turning point in his life. Instead of being deterred
Blockchain investigator ZachXBT has revealed shocking information about 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 transfer funds without authorization. The stolen funds were first sent to a theft address, then moved from Solana to Ethereum
The recent surge in Cardano’s trading volume has caught the attention of many investors in the crypto market. Data from various sources, including CoinGlass and CoinGecko, confirm a substantial increase in trading activity for ADA. In the span of just 24 hours, Cardano has witnessed a remarkable 150% surge in trading volume, totaling approximately $477
A recent analysis by a crypto analyst has highlighted a new bearish death cross for Bitcoin, signaling a potential short-term weakness in the cryptocurrency’s market. The death cross pattern occurs when the 50-day Moving Average crosses below the 200-day Moving Average on the daily chart. This pattern typically indicates the possibility of further bearish momentum
The collaboration between MetaMask, Mastercard, and Baanx has paved the way for a revolutionary development in the world of cryptocurrency spending: the MetaMask Card. This innovative card aims to make cryptocurrencies more accessible for everyday purchases by providing users with a seamless experience that allows them to utilize their crypto holdings directly from their MetaMask
Bitwise recently reported that U.S.-based institutional investors are continuing to show strong support for Bitcoin through spot ETFs, with approximately 66% of them either maintaining or increasing their holdings. This trend is particularly noteworthy given the market volatility and declining prices observed in Q2. According to Bitwise’s chief investment officer, Matt Hougan, there has been
