According to a U.S. Securities and Exchange Commission (SEC) filing made on Thursday. Investment giant BlackRock (BLK) has pledged $17 million to insolvent bitcoin miner Core Scientific (CORZ). As part of a fresh $75 million loan from the miner’s secured convertible note holders. According to data from FactSet, BlackRock is
Compass Mining, a hardware manufacturer for Bitcoin mining, reported that it had won a roughly $1.5 million verdict in court this week against hosting provider Dynamics Mining. In June, Dynamics of Kentucky said that Compass had terminated its hosting relationship because it had failed to pay electricity and hosting obligations
Michael Saylor, executive chairman of MicroStrategy, has said that by 2023, the company would release software and solutions that use the Bitcoin Lightning Network. Saylor announced the company’s development into Lightning Network-based software and solutions on December 28 during a Twitter Spaces event. These include “support” solutions for enterprise marketing
After much deliberation, cryptocurrency mining company Argo Blockchain has decided to sell its flagship mining facility Helios in order to weather the current bear market. To the tune of $65 million, the Helios facility was sold by Argo Blockchain on December 28 to Mike Novogratz’s crypto investment business Galaxy Digital.
Paul Krugman, the Nobel Prize-winning economist compares Elon Musk’s Tesla stock with Bitcoin (BTC). In an opinion piece recently published in the New York Times, Krugman stated that Tesla has more in common with the dominant currency of the global crypto market. He also expressed that both assets’ prices are based
Michael Saylor, a Bitcoin maximalist, stated on Wednesday that MicroStrategy had bought 2,395 Bitcoins. As of the 27th of December, according to an SEC filing. MicroStrategy has almost 132,500 bitcoin in its possession. Which it purchased for over $4 billion at an average price of $30,397 per Bitcoin. MicroStrategy’s Bitcoin
The wait is (finally) almost over. After months of anticipation, the world’s first ecological mining pool to ever hit the market is finally almost here. But what’s got Bitcoin (BTC) miners so excited about PEGA Pool’s launch? For starters, they’ve been battling to make ends meet amidst Bitcoin’s dismal prices,
State Duma members will consider and vote on a bill in 2023. To allow cryptocurrency mining in the Russian Federation, according to the chairman of the Financial Market Committee, Anatoly Aksakov. Who made the announcement in remarks for the crypto section of the business news site RBC. The prominent senator,
Even though Bitcoin has suffered a severe sell-off this year, legendary investor Bill Miller remains positive about the cryptocurrency. The Baltimore investment firm became a household name because it consistently beat the S&P 500 from 1991 through 2005. After that, he took on the role of chairman and chief investment
Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:
