TeraWulf’s second-quarter earnings report showed a decrease in the amount of BTC mined compared to the same period last year. The company mined 699 BTC across its facilities, which is a 21% decrease from the previous year. This decrease could be a cause for concern as it indicates a decline in production efficiency or operational
Crypto
Norway, a country with a population of nearly 5.5 million, is making significant investments in Bitcoin. The government’s investments for its citizens total around $1.7 trillion, with a portion of that allocated to Bitcoin stocks. Recently, the government increased its holdings in Bitcoin, with Norway now indirectly owning 2,446 BTC through its investments in crypto
Blockchain investigator ZachXBT has recently brought to light a case involving North Korean developers who managed to steal $1.3 million from a project’s treasury. These developers, using fake identities, inserted malicious code into the system, enabling them to make unauthorized transfers of funds. The stolen money, amounting to 50.2 ETH, was sent to a theft
In a groundbreaking decision, a United Arab Emirates court has recently acknowledged cryptocurrencies as a valid form of salary payment in an employment context. This ruling marks a significant shift in perspective on the use of digital assets in employment contracts. The case in question involved a dispute over wrongful termination and unpaid wages, where
Upon examining Sahil Arora’s involvement in the crypto industry, it is evident that there is a significant difference in reported earnings. While blockchain investigator ZachXBT indicates that Arora made approximately $3 million this year, Bubblemaps initially estimated his earnings to be as high as $30 million. This stark contrast raises questions about the accuracy of
In a recent report by Bitwise, it was revealed that institutional investors based in the U.S. continue to show strong support for Bitcoin through spot ETFs, with approximately 66% of them either maintaining or increasing their holdings. This comes at a time when the market is experiencing volatility and declining prices, particularly during the second
Bitcoin experienced a 2.5% decrease on Wednesday, dropping to $59,100, as the U.S. government made a significant move with its Silk Road-related Bitcoin holdings. Arkham Intelligence, an on-chain analysis platform, detected the transfer of 10,000 BTC, valued at $593 million, from a US Government wallet to wallet bc1ql. Subsequently, the Bitcoin was sent to 33J,
As we look at the latest findings from Chainalysis, it is evident that there has been a significant rise in stolen assets within the realm of crypto scams and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July. This alarming trend poses
Metaplanet has recently made a significant investment in bitcoin, acquiring approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently made waves in the sports marketing world by securing a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This landmark collaboration marks a significant milestone for the cryptocurrency industry, as Crypto.com becomes the official global sponsor of one of the most