The legal saga of Shaquille O’Neal and the Astrals NFT project has taken an intriguing turn as a class action lawsuit unfolds. The lawsuit accuses Astrals of promoting unregistered securities, sparking a heated legal battle that has captured the attention of the NFT community. O’Neal’s Role in the Project Judge Federico Moreno of the U.S.
2024
The journey of ADA, the native token of Cardano, has been both fascinating and tumultuous. From reaching a peak of $3 in August 2021 to plummeting by over 90% in the years since, the rollercoaster ride of ADA has left investors and traders alike questioning its future trajectory. The activation of smart contracts on Cardano
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
The cryptocurrency market has been a hot topic of discussion for investors and analysts alike. Recently, a crypto analyst shared a concerning observation regarding Bitcoin’s price movements. The emergence of a bearish death cross has sparked debates about the future performance of the world’s largest cryptocurrency. According to the analyst, Bitcoin is currently facing a
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
Bitcoin has seen a significant increase in popularity and mainstream adoption over the past few years, leading to an influx of institutional investors in the cryptocurrency market. These institutions have rapidly grown their Bitcoin holdings, resulting in a significant shift in the distribution of BTC ownership. One striking development highlighted by crypto pundit Marty Party
In the realm of cybercrime, there has been a mix of good news and bad news. While overall illicit transactions have seen a decrease from the previous year, there has been a concerning rise in stolen funds from crypto scams and ransomware attacks. The amount of stolen funds from crypto scams has nearly doubled from