In a surprising turn of events, cat-themed meme coins have taken the cryptocurrency market by storm, leading a meme coin rally that has pushed the sector’s market capitalization above $40 billion. Notable performers in this sudden surge include Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW), all experiencing significant gains. POPCAT,
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The Democratic National Committee recently released its 2024 Party Platform, outlining their upcoming political priorities for the next election. Surprisingly, the platform made no mention of Bitcoin, crypto, or blockchain, leaving many in the industry concerned about the party’s stance on digital assets. Instead, the focus was on issues like lowering housing costs, tackling climate
Hut 8 Corp., a prominent Bitcoin mining company in North America, recently disclosed its financial results for the second quarter ending June 30, 2024. Despite recording a significant year-over-year revenue increase of 72% to $35.2 million, the company reported a net loss of $71.9 million. This loss was primarily attributed to a $71.8 million loss
TeraWulf’s recent earnings report for the second quarter of 2024 highlighted a decrease in Bitcoin production compared to the same period in the previous year. The company mined 699 BTC across its facilities, representing a 21% decrease from the preceding year. This decline in BTC output could be concerning, especially in the context of a
Norway, a country with a population of nearly 5.5 million, has made significant investments for its citizens totaling around $1.7 trillion. A portion of these investments is held in Bitcoin stocks, and the government has recently increased its holdings in the cryptocurrency. In fact, Norway now indirectly owns 2,446 BTC through its investments in crypto
In a recent ruling by the United Arab Emirates court, cryptocurrencies have been recognized as a mode of salary payment, significantly impacting employment contracts in the region. The ruling by the Dubai Court of First Instance marks a shift in the traditional approach towards cryptocurrencies and highlights the increasing adoption of digital assets in the
Recently, blockchain investigator ZachXBT revealed shocking information about North Korean developers who managed to steal $1.3 million from a project’s treasury. This brazen act of theft involved the use of fake identities to inject malicious code into the system, enabling the unauthorized transfer of funds. The stolen funds were cleverly laundered through various channels, including
Despite market volatility and declining prices in Q2, U.S.-based institutional investors are showing strong support for Bitcoin through spot ETFs. According to Bitwise, approximately 66% of institutional investors have either maintained or increased their holdings in Bitcoin ETFs. This trend is highlighted by the rise in filings associated with spot Bitcoin ETFs, indicating a growing
Sahil Arora, an Indian entrepreneur turned Dubai resident, made headlines with his involvement in high-profile celebrity-backed meme coins, reportedly earning around $3 million this year. His journey into the digital asset realm began back in 2017 with the launch of Vuzelaa Group in India, where he envisioned installing Bitcoin ATMs globally. However, it was between
Bitcoin took a hit on Wednesday, dropping 2.5% to $59,100 following the news that the U.S. government had shifted more of its Silk Road-related Bitcoin holdings to Coinbase Prime. The on-chain analysis platform, Arkham Intelligence, highlighted the transfer by revealing that 10,000 BTC valued at $593 million had been moved. This move raises questions about