The recent choppy consolidation in bitcoin’s price action has left many market players feeling anxious. Despite this uncertainty, some holders of the world’s largest cryptocurrency asset are actually increasing their holdings. Bitcoin whales, particularly those holding between 100 and 1,000 BTC, have shown a significant uptick in accumulation. Over the past six weeks, these whales
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The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decrease in daily trading volume, reaching $779.87 million on Monday. This marks a notable drop from the previous week’s trading volume, which ranged between $1.18 billion and $1.79 billion. The current volume is the third lowest recorded, following the figures from February 5th
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
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
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
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
In a recent landmark ruling by a United Arab Emirates court, cryptocurrencies have been officially recognized as a mode of salary payment in employment contracts. This decision marks a significant shift in how cryptocurrencies are viewed and utilized in the UAE job market. The case involved a plaintiff suing their former employer for wrongful termination
According to a recent report by Bitwise, U.S.-based institutional investors are showing strong support for Bitcoin spot ETFs, with approximately 66% either maintaining or increasing their holdings. This trend is particularly noteworthy given the market volatility and declining prices experienced in the second quarter of the year. Growing Number of Filings Bitwise’s chief investment officer,
Sahil Arora, a well-known figure in the crypto industry, has recently come under scrutiny for his controversial practices. While initial reports suggested that Arora had made an impressive $30 million this year, further investigation by blockchain expert ZachXBT revealed a much lower figure of approximately $3 million. This significant difference raises questions about the accuracy
Bitcoin experienced a 2.5% drop on Wednesday, settling at $59,100, following the U.S. government’s decision to transfer more of its Silk Road-related Bitcoin holdings to Coinbase Prime. This move was highlighted by the on-chain analysis platform Arkham Intelligence, which pointed out that 10,000 BTC, valued at $593 million, had been relocated. The specific wallet, bc1ql,
In the ever-evolving landscape of cyber threats, a concerning trend has emerged regarding stolen funds and ransomware. Despite an overall decrease in illicit transactions, the amount of stolen funds in crypto scams has seen a significant uptick from $857 million to $1.58 billion by late July. Similarly, ransomware payments have also grown, with mid-year 2023
Metaplanet has recently made a significant investment in bitcoin, purchasing around $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest acquisition, Metaplanet now holds a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured