Hut 8 Corp. (HUT), a leading North American Bitcoin miner, announced its financial results for the second quarter ending June 30, 2024. The company reported a net loss of $71.9 million despite a 72% year-over-year revenue increase to $35.2 million. Hut 8’s Q2 Financial Results In an August 13 press release, Hut 8 reported that...Read More
New research by Chainplay highlights a staggering 97% failure rate for meme coin projects since 2024. The data shows that meme coins have an average lifespan of just one year, while typical crypto projects last about three years. The Mortality Rate of Meme Coin Projects According to AlphaQuest, a crypto research tool, an average of...Read More
In a post on X on Aug. 16, crypto ESG advocate and researcher Daniel Batten posted a rebuttal to an Aug. 15 IMF report on Bitcoin mining emissions. He argued that the IMF report uses flawed rhetorical techniques, such as “guilt by association,” by linking Bitcoin mining with AI data centers’ energy consumption. The report...Read More
TeraWulf’s second-quarter earnings report, released earlier in August, demonstrated mixed performance. While the company produced less BTC than in the same period in 2023, its revenue increased modestly compared to the estimated figures. TeraWulf’s Q2 Results The report revealed that TeraWulf mined 699 BTC across its Lake Mariner and Nautilus Cryptomine facilities, a 21% decrease...Read More
As the cryptocurrency market heads into August 2024, investors are paying close attention to digital assets that are likely to perform exceptionally well. Ethereum (ETH), a leading force in the crypto world, continues to be a top choice due to its robust network and continuous advancements, which drive its widespread use in decentralized applications and...Read More
Police are actively searching for four Chinese nationals believed to have broken into a luxury home in Pathum Thani, one of the central provinces of Thailand, and forced the resident to transfer $2 million (70 million baht) in crypto assets. The break-in took place around 2 AM on Wednesday in Tambon Ban Mai in the...Read More
The northern European country of Norway has a population of nearly 5.5 million. Moreover, the government’s investments for its citizens total some $1.7 trillion. A chunk of that is in Bitcoin stocks, and the government upped its holdings this year. Norway Sovereign Wealth Fund’s Bitcoin Spree Norway now indirectly owns 2,446 BTC through its investments...Read More
While they are issued by smart contract blockchains with base layer currencies like Ethereum (ETH) and Solana (SOL), meme coins have fetched far greater gains in a shorter period of time than the most established cryptos. Bitcoin, for example, gained 347% from key price support at a Dec. 31, 2022 low level of $16,500 to...Read More
Blockchain technology is unique! Where else can you track the holdings of big investors in real time, check out their latest moves, portfolio values, and more? We’ve decided to dabble into some of the larger holders of one of the most popular meme coins in the market – Shiba Inu (SHIB) and stumbled upon an...Read More
After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space. This has resulted in them...Read More
Meme coins have always been a particularly polarizing topic within the cryptocurrency community, especially throughout the last cycle. Projects such as dogwifhat (WIF), political meme coins, and a bunch of others have elevated the field to the forefront of the industry and it appears that TRON is the latest destination for those wishing to indulge...Read More
Ripple recently announced a collaboration with Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority (FCA). Now, RippleX, the company’s development arm, is coming up with a critical prediction concerning the XRP Ledger. Ripple Devs Seeing a “New Era” for the XRP Ledger In a recent update, RippleXDev, the development arm...Read More
The second quarter of 2024 ended with major United States banks offering institutional exposure to spot Bitcoin exchange-traded funds (ETFs). Numerous second-quarter 13F filings with the U.S. Securities and Exchange Commission revealed that these Wall Street giants acquired substantial shares of different spot Bitcoin ETFs for their clients. In the coming months, these entities could...Read More
