Global

Marathon Digital Holdings, now rebranded as MARA, has reported a significant widening of its losses for the second quarter of 2024. The company's net loss reached $199.7 million, a sharp increase from the $9 million loss reported in the same period last year.

Coinbase, the largest cryptocurrency exchange in the United States, has announced its financial results for the second quarter of 2024. The company reported $1.45 billion in total revenue, surpassing expectations but down from the $1.6 billion achieved in the previous quarter.

In a significant development in the cryptocurrency space, Bybit has announced it will withdraw from the French market effective August 13. The exchange cited “regulatory developments” as the primary reason for its decision, highlighting the impact of Europe's evolving crypto legislation on how companies operate within the region.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.

Hamster Kombat, the rapidly growing Telegram-based tap-to-earn game, has achieved a significant milestone by reaching 300 million users.

Elon Musk's micro-blogging site X has suspended the account "makenowmeme," which allowed users to create memecoins with a single post. The suspension, which occurred on August 2, has disrupted the platform's operations, with the account's owners currently working to restore it.