Cardano, once a prominent player in the cryptocurrency market, has now slipped out of the top 10 rankings by market capitalization. This decline can be attributed to a number of factors, including increasing competition, slow adoption rates, and reliance on off-chain components that compromise its decentralization. Compared to its peers like Ethereum and Solana, Cardano
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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
Intersect, the organization overseeing the Cardano blockchain’s development, recently issued an urgent call for decentralized application projects on the blockchain to accelerate their preparations for the upcoming Chang Upgrade #1. This upgrade is crucial for the future of Cardano and marks a significant milestone in the evolution of the ecosystem. According to the statement by
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
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
In the past 24 hours, the crypto market has seen a significant surge in the trading volume of Cardano. Data from CoinGlass and CoinGecko both confirm this uptrend, with Cardano experiencing a 150% and 67% increase in trading volume, respectively, amounting to around $477 million. Despite this surge in trading activity, the price of Cardano’s
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