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Hut 8 Corp., a prominent Bitcoin miner in North America, recently disclosed its financial results for the second quarter ending June 30, 2024. Despite experiencing a substantial 72% increase in revenue to $35.2 million in comparison to the previous year, the company reported a staggering net loss of $71.9 million. This significant loss was primarily
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TeraWulf’s second-quarter earnings report for 2024 showcased a blend of outcomes. Although the company experienced a decrease in the amount of BTC mined compared to the previous year, it managed to surpass revenue estimates. The report disclosed that TeraWulf mined 699 BTC across its mining facilities, marking a 21% decline from the same period in
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The government of Norway, with a population of nearly 5.5 million, has made significant investments totaling $1.7 trillion for its citizens. Among these investments are Bitcoin stocks, which have seen an increase in holdings this year. The Norges Bank Investment Management fund, responsible for investing the nation’s oil revenues, has boosted its Bitcoin exposure after
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Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, known for his expertise in blockchain technology and digital assets. With a background in writing on various subjects, Semilore quickly delved into the complexities of cryptocurrencies, highlighting their efficiency in storing and transferring value. He is a strong advocate for the adoption of
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In a groundbreaking ruling, a court in the United Arab Emirates has officially recognized cryptocurrencies as a valid mode of salary payment. This decision has significant implications for employment contracts in the region, marking a shift towards the growing adoption of digital assets in the UAE. Dubai Court’s Landmark Ruling The Dubai Court of First
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A recent report from blockchain investigator ZachXBT has shed light on a troubling trend in the world of cryptocurrency – North Korean developers allegedly stealing $1.3 million from a project’s treasury. The incident involved developers who were hired using fake identities injecting malicious code into the system, enabling the unauthorized transfer of funds. The stolen
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Samuel Edyme, known in the digital space as HIM-buktu, is a multifaceted individual with a diverse skill set. While he has carved out a niche for himself as a web3 content writer and journalist, his aspirations also extend to trading in the financial markets. Edyme’s entry into the world of cryptocurrency was not without its
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