Crypto news

Solana ist ein öffentliches Blockchainprojekt. Es ist quelloffen und dezentralisiert, wobei der Konsens durch Proof of Stake und Proof of History erreicht wird. Ihre interne Kryptowährung trägt das Kürzel SOL. Die Plattform wird auch mit Projekten wie Ethereum verglichen Die Blockchain-Technologie hat das Potenzial, die Art und Weise,...

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 its revenue for the quarter ending June 30, 2024, rose to $35.2 million, up from $20.5 million in the same period last year. This growth was fueled by...

Google is facing a $5 million lawsuit from Maria Vaca, who alleges that a cryptocurrency wallet app she downloaded from the Play Store was fraudulent and led to the theft of her digital assets. Vaca claims that the app, which appeared legitimate, resulted in significant losses after she trusted it to manage her cryptocurrency. The lawsuit, filed in a California state court, accuses Google of negligence for allowing the dangerous app to be available on its platform. Vaca points out that...

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 2,020 meme coin projects die each month. State of Memecoin 2024: High Risk, High Reward Memecoins: A rollercoaster of fortunes or a financial...

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 titled “Carbon Emissions from AI and Crypto Are Surging and Tax Policy Can Help” bundled crypto and AI together, labeling them as “power hungry” threats to...

Pump.fun has launched on the Tron blockchain to allow users to deploy memecoins easily. It comes with a vetting process to prevent pump and dump scams witnessed on competition platforms. Justin Sun-associated DeFi platform Sun.io has released SunPump, a memecoin generator allowing users to launch tokens effortlessly. This platform comes as competitor pump.fun, operating on the Solana network, has become the heart of the memecoin narrative over the past few months. The Solana-based memecoin...

Arbitrum DAO voted on implementing liquidity staking for ARB holders to motivate users to lock their tokens onchain. The liquidity staking will route deposits to governance participants to secure the DAO against governance attacks looking to steal funds from its treasury. The Arbitrum DAO voted on a proposal to integrate staking utility for the Arbitrum layer-2’s native token ARB. Over 25,000 voted on the proposal, with a staggering 91% in favor of the upgrade. The proposal explained the...

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 from the same period last year. The firm’s revenue for the quarter, on the other hand, was $35.6...

Coinbase is launching a new initiative to explore the integration of artificial intelligence (AI) with cryptocurrency wallets. The company has introduced an accelerator grant program offering $3,000 to each of five selected projects that demonstrate innovative ways to combine AI with crypto wallets. The purpose of this paper is to discuss how large language models (LLMs), including ChatGPT by OpenAI and Claude by Anthropic, can control funding operations using blockchain. According to...

Ronin suffered from a $10 million attack on August 6 as an MEV bot withdrew the funds. The individual managing the bot returned those assets to the protocol. Blockchain cybersecurity firm Verichains revealed details about the Ronin chain attack on August 6, causing a loss of about $10 million. While the attack was brought by an MEV (maximum extractable value) bot overseen by a white hat hacker who returned the funds, the incident was highly concerning. The Verichains report mentioned how an...