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
Cryptocurrency
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
Cryptocurrency journalism is a niche field that requires a deep understanding of the complexities and intricacies of blockchain technology. Semilore Faleti, a dedicated cryptocurrency writer, has proven himself to be a valuable asset in this fast-paced industry. With a keen focus on educating and informing his audience, Semilore has established himself as a trusted source
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
Samuel Edyme, known by the nickname HIM-buktu, is a multi-faceted individual in the world of web3 content writing, journalism, and trading. His diverse skill set allows him to navigate through different industries with ease. Despite starting his journey in the crypto space with a scam, Edyme didn’t let the setback deter him. Instead, he used
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
The partnership between MetaMask, Mastercard, and Baanx has paved the way for a new era of cryptocurrency spending with the introduction of the MetaMask Card. This innovative card is currently in the trial phase in the UK and EU, offering users a seamless way to make everyday purchases using their cryptocurrency holdings directly from their
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
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
The Bitcoin price remains stagnant, with investors hesitant to make a move due to macro uncertainties. Analysts like Michael van de Poppe have suggested that Bitcoin could potentially drop to as low as $48,000 if certain conditions are met. Van de Poppe highlighted in a recent post that if the Consumer Price Index (CPI) inflation