In response to B. Riley’s $72 million investment. Shares of Core Scientific, a Bitcoin mining company, have more than doubled in price during the previous 48 hours, from $0.15 to $0.46. Core Scientific, one of the major crypto-mining corporations in the United States, has had a disappointing year, prompting this
December 16, 2022 2 mins read
One of the biggest and most well-known crypto funds with Asian roots, HashKey Capital, has released its yearly 2022 DeFi Ecosystem Landscape Report. The report examines the condition of the decentralized financial sector today and demonstrates that, despite the crypto winter, the field is nevertheless prospering and brimming with opportunity.
December 15, 2022 4 mins read
Robinhood Markets (HOOD) stock was downgraded from “Buy” to “Neutral” by Citi because of uncertainty surrounding the United States Securities and Exchange Commission’s (SEC) upcoming market structure proposals. Along with Citi’s cautious equity market outlook, and the effect of the collapse of FTX, a cryptocurrency trading platform, on Robinhood Markets’
December 14, 2022 2 mins read
Tokyo Electric Power Grid (TEPCO), a Japanese utility company, is collaborating with TRIPLE-1. The goal is Bitcoin mining, and by extension, making use of the grid’s surplus of electricity. As a regional hardware producer, TRIPLE-1 is a household name. During the 2012 earthquake and tsunami that hit the Fukushima area,
December 14, 2022 2 mins read
The publication of the November statistics for the Consumer Price Index (CPI) by the U.S. Bureau of Labor Statistics caused a sharp increase in the value of cryptocurrencies including Bitcoin (BTC). The US consumer price index drops from October’s 7.7% to November’s 7.1%. CPI for November was predicted to come
December 13, 2022 1 min read
If they want to operate in Canada, cryptocurrency exchanges will have to comply with stricter regulations. Such as a prohibition on margin and leverage trading. The Canadian Securities Administrators (CSA) released new guidelines on Monday. That requires firms to keep their customers’ assets separate from their own. In August, organizations
December 13, 2022 1 min read
In the center of Dubai, Morningstar Ventures, an investment company that specializes in digital assets and blockchain technology, is launching its first interactive digital art exhibition. ’37xDubai’ is situated in the middle of Dubai’s commercial and residential district, in the Burj Daman Tower (DIFC area). 37xDubai focuses on web3 education,
December 13, 2022 2 mins read
In the face of mounting difficulties, one Arkansas energy company is offering a discounted rate to cryptocurrency miners. Even though the state of Texas already has among of the lowest energy rates in the United States, the Fortune 500 business Entergy, which specializes in delivering electric power to clients in
December 12, 2022 1 min read
EU member states have issued new guidelines designed to restrict criminals’ access to cash and other decentralized payment systems like cryptocurrencies. On November 6th, the bloc agreed to allow cash transfers of up to €10,000 ($10,557). However, individual nations will have the option to lower the cap even more. When
December 11, 2022 1 min read
The valuation of Chipper Cash, one of the numerous African fintech businesses funded by the now-defunct FTX, fell from $2 billion to $1.25 billion after the company received investment from the now-defunct crypto exchange. Even as this news broke, reports emerged that Chipper Cash had laid off as many as
December 11, 2022 2 mins read
