The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s future political priorities for the upcoming election. However, what caught the attention of many was the glaring absence of any mention of Bitcoin, cryptocurrency, or blockchain in the ninety-two-page document. This oversight has left many in the crypto community questioning the party’s
Crypto
Hut 8 Corp. recently reported a significant net loss of $71.9 million for the second quarter of 2024. This loss came as a surprise, especially considering the company experienced a 72% year-over-year revenue increase to $35.2 million. The discrepancy between the revenue growth and the substantial loss raises concerns about the company’s financial management and
TeraWulf’s second-quarter earnings report for 2024 revealed a 21% decrease in the amount of BTC mined compared to the same period in 2023. This decline in production could be concerning as it may indicate potential operational challenges or inefficiencies within the company’s mining facilities. Although TeraWulf’s revenue for the quarter increased slightly, surpassing the estimated
Norway, a country with a population of nearly 5.5 million, has been making significant investments in Bitcoin stocks. The government, with investments totaling $1.7 trillion for its citizens, now indirectly owns 2,446 BTC through its investments in crypto stocks. This increase in Bitcoin exposure is bullish news for the cryptocurrency market and paints a positive
In a groundbreaking ruling, a United Arab Emirates court has officially recognized cryptocurrencies as a valid mode of salary payment in employment contracts. This decision marks a significant shift in the adoption of digital assets within the UAE and sets a new precedent for future cases involving crypto-related payments. The case involved a plaintiff who
Recent findings by blockchain investigator ZachXBT have shed light on a $1.3 million theft carried out by North Korean developers. These developers, using fake identities, injected malicious code into a project’s system, leading to the unauthorized transfer of funds. The stolen funds were moved to a theft address, then bridged from Solana to Ethereum through
The recent report from Bitwise indicates that institutional investors based in the U.S. continue to show robust support for Bitcoin through spot ETFs, with a significant 66% either maintaining or increasing their holdings. This trend is particularly noteworthy considering the market volatility and declining prices witnessed during Q2. Bitwise’s chief investment officer, Matt Hougan, highlighted
Sahil Arora, a well-known figure in the crypto industry, has made headlines for his involvement in celebrity-backed meme coins. However, recent reports have raised concerns about his financial activities and the methods he used to generate profit. Initially, it was reported that Arora had earned an impressive $30 million this year. However, a blockchain investigator
The world of cybercrime is constantly evolving, with new trends emerging each year. One of the most concerning trends in 2024 has been the significant rise in stolen funds in crypto scams. According to recent data, the amount of stolen funds has almost doubled from $857 million to $1.58 billion by late July. This represents
Metaplanet, a Japanese investment firm, has recently made a bold move by acquiring approximately $3.3 million worth of Bitcoin, totaling 57.103 bitcoins. This investment is just one part of the company’s broader strategy to expand its Bitcoin holdings, with a total of 303.095 BTC acquired for $20 million so far. The decision to purchase Bitcoin