On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter …
Yearly archives: 2022
Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report
Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also in the green, as it neared a key …
Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million Euros …
Hackless Offers Sandwich Attack Protection for BSC and Ethereum Networks
sponsored As winners of the ETH hackathon in 2021, the Hackless team is now releasing the beta version of Anti-Sandwich – a gateway to safe and efficient swapping of crypto assets, avoiding public mempools and consequently, getting ‘sandwiched’. The solution has already proved effective for a play-to-earn platform and is now open to a wider …
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SBF Ready To Face The Music After Signing Extradition Papers
The collapse of the FTX crypto exchange — a once popular crypto platform, now less than a shadow of its former self — has sent […] Go to Source
Here’s How High Bitcoin (BTC) Could Soar at the Top of Next Cycle, According to Crypto Analyst
A widely followed cryptocurrency strategist is expressing long-term bullish sentiment for Bitcoin (BTC) as the next halving approaches. The host of crypto YouTube channel InvestAnswers tells his 444,000 YouTube subscribers that Bitcoin could rally by nearly 380% from current levels en route to printing a new all-time high at the top of the next bull …
Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022
According to a new letter to shareholders posted on Dec. 21, Aroosh Thillainathan, CEO of German Bitcoin (BTC) mining company Northern Data, said that the firm expects to generate upwards of $202M to $206M in revenue from crypto mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data’s …
Opposition press links Russian lawmaker to local crypto OTC
A Russian legislator who was one of the authors of the bill to legalize cryptocurrency mining in the country has been tied to a local over-the-counter (OTC) exchange known as Bankoff. Russian opposition activist Mikhail Khodorkovsky linked Bankoff OTC to lawmaker Andrei Lugovoi in an article of London-based investigative project Dossier Center on Dec. 19. …
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Under the Christmas tree: The best crypto gifts this holiday season
Each person who receives cryptocurrency becomes a member of a community already numbering in the millions, with common goals, interests and plans. But how can you find the right gift for the crypto enthusiast in your life when the holidays come around? It’s no secret that people struggle to choose gifts when they want to …
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Can blockchain solve the ownership debacle over AI generated art?
Web3 and emerging technologies have been pushing the boundaries of art distribution, ownership and engagement with fans. However, not all of the recent developments are welcomed by the art community, especially when it comes to artificial intelligence (AI). Recently, AI-generated art has sparked a major debate around ownership after a smartphone app went viral which …
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OneCoin Frauder Faces 60-Year Jail Term
The co-founder of OneCoin, Karl Sebastian Greenwood, is now facing a 60-year jail term after pleading guilty to the charges involving wire fraud and money […] Go to Source
Is Snowfall Protocol (SNW) The Death of Cardano (ADA) and Solana (SOL)?
Is Snowfall Protocol (SNW) The Death of Cardano (ADA) and Solana (SOL)? Once hugely popular crypto projects, Solana (SOL) and Cardano (ADA), have constantly found […] Go to Source
Forex VS. Crypto: similarities and differences
Forex VS. Crypto: similarities and differences The foreign exchange and cryptocurrency markets are large financial markets offering vast trading opportunities. Over the past few years, […] Go to Source
The evidence of reserves from Binance raises questions: Report
According to accounting and financial experts interviewed by The Wall Street Journal, Binance’s efforts to increase the openness of its reserves also revealed warning signs […] Go to Source
Coinbase CEO Brian Armstrong Outlines ‘Realistic Blueprint’ for How Crypto Industry Can Evolve
Coinbase CEO Brian Armstrong is laying out what he thinks is a “realistic blueprint” for future crypto regulations in the US and abroad. Armstrong says in a new blog post that policymakers should start by regulating and providing clarity for centralized entities and kick that process off by regulating stablecoin issuers. The CEO says companies …