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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 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
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
Blockchain investigator ZachXBT recently uncovered a shocking revelation about North Korean developers who managed to steal $1.3 million from a project’s treasury. These devs, operating under false identities, injected malicious code into the system, enabling the unauthorized transfer of funds. The stolen money was first sent to a theft address and then moved from Solana