The meme coin sector has recently experienced a surge, pushing its market cap above an impressive $40 billion. This rally was led by cat-themed meme coins, with assets like Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW) charting significant gains. POPCAT, for example, saw a nearly 30% increase in value, reaching
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Shaquille O’Neal, the legendary basketball player, finds himself entangled in a class-action lawsuit regarding his involvement with the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, leading to financial losses for investors. According to court rulings, O’Neal is considered a ‘seller’ of Astral NFTs, as he actively promoted and encouraged their purchase.
In the vast and ever-evolving world of cryptocurrency, one individual stands out for his resilience, determination, and unwavering pursuit of knowledge. Meet Samuel Edyme, affectionately known as HIM-buktu. A man of many talents, Edyme is not just a web3 content writer, but also a journalist and an aspiring trader. His journey through the crypto universe
The cryptocurrency market has been presenting numerous challenges, and Ethereum (ETH), as the second-largest cryptocurrency, has not been exempt from these struggles. Despite its strong position in the market, Ethereum has been facing significant headwinds in recent weeks. The price of ETH has been showing no signs of a sustained recovery, indicating bearish sentiment among
The popularity of ADA, the native token of Cardano, surged during the 2020 to 2021 bull run, reaching an all-time high of $3 in August. However, the subsequent activation of smart contracts on the Cardano network following the Alonzo hard fork marked a turning point. Despite initial optimism, ADA has experienced a significant downtrend in
The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s key priorities leading up to the next election. Surprisingly, the platform did not mention Bitcoin, crypto, or blockchain, focusing instead on issues such as housing affordability and climate change. Additionally, it emphasized the need for the wealthy and corporations to pay their
The Nigerian Federal Inland Revenue Service (FIRS) is set to introduce new legislation aimed at taxing the rapidly growing crypto sector. This move comes as part of the government’s efforts to modernize the country’s regulatory framework and foster economic growth through innovation. According to FIRS Executive Chairman Zacch Adedeji, the proposed regulation seeks to address
Cardano, once a prominent player in the top 10 cryptocurrencies, has now slipped out of that list, facing significant challenges along the way. One of the contributing factors to Cardano’s decline is its reliance on off-chain components, which undermine its decentralization efforts. This, coupled with low network activity compared to competitors like Ethereum and Solana,
The Lost Glitches introduces players to a futuristic setting within the dystopian Deep Sky Network, where they find themselves trapped as Glitches – spirits striving to reclaim their lost memories. The game’s engaging storyline paired with its depth delivers a captivating gaming experience that immerses players in a proto metaverse. To start on your journey,
Hut 8 Corp, a prominent Bitcoin miner in North America, faced significant challenges in its financial performance for the second quarter ending June 30, 2024. Despite a substantial 72% year-over-year revenue increase to $35.2 million, the company reported a massive net loss of $71.9 million. The primary reason for this loss was a $71.8 million
The Intersect organization, which oversees the development of the Cardano blockchain, has issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for the upcoming Chang Upgrade #1. This call to action comes after an announcement on August 17th, where Intersect revealed that more than 80% of stake pool operators
TeraWulf’s second-quarter earnings report for 2024 showed a decline in BTC production compared to the same period in 2023. The company mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, marking a 21% decrease from the previous year. Despite the decrease in BTC production, TeraWulf’s revenue for the quarter increased slightly, reaching $35.6
Norway, a country in northern Europe with a population of nearly 5.5 million, has been making waves in the world of cryptocurrency. The government of Norway has made significant investments totaling around $1.7 trillion for its citizens, with a portion of that being allocated to Bitcoin stocks. In fact, Norway now indirectly owns 2,446 BTC
Cryptocurrency journalism is a fast-paced and ever-evolving field that requires a deep understanding of complex technologies and market dynamics. Semilore Faleti is a prominent figure in this space, showcasing his expertise in journalism and content creation. His journey into the world of blockchain and cryptocurrency writing was not immediate, as he initially dabbled in various
