The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant drop in daily trading volume on Monday, totaling $779.87 million. This decline marks the third lowest recorded trading volume, following the records set on February 5th and 6th at $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into spot
Crypto
Recently, the cryptocurrency market witnessed a significant surge in cat-themed meme coins, leading a rally that pushed the sector’s market capitalization above $40 billion. Some of the notable performers in this category include Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). POPCAT, for instance, saw a nearly 30% increase on a
The recently published 2024 Party Platform by the Democratic National Committee has garnered attention for its lack of mention of Bitcoin, cryptocurrency, or blockchain. This stands in stark contrast to their Republican counterparts who have explicitly addressed these technologies in their own platform. The platform, which spans ninety-two pages, focuses on key Democrat issues such
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
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
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
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
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
Bitcoin faced a 2.5% drop on Wednesday, landing at $59,100, following the U.S. government’s decision to transfer more of its Silk Road-related Bitcoin holdings to Coinbase Prime. This move was highlighted by on-chain analysis platform Arkham Intelligence, which pointed out that 10,000 BTC valued at $593 million were transferred. The tweet from Arkham read, “Wallet
The story of Sahil Arora, a once-prominent figure in the crypto industry, is a tale of questionable wealth and murky ethics. Originally reported to have made $30 million this year, it was later revealed that his actual earnings were closer to $3 million. This vast difference in estimates raises questions about the legitimacy of Arora’s
