Bitcoin mining company Core Scientific has successfully completed its reorganization and is now emerging from Chapter 11 with a stronger financial standing. The company has announced its plans to list its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting
Crypto
On Monday, the Securities and Exchange Commission (SEC) shocked the public with the disclosure that the multi-factor authentication (MFA) on its X account had been disabled, leading to a false post regarding the approval of spot Bitcoin ETFs. This incident occurred on January 9, 2024, when the SEC’s official Twitter account was compromised, raising serious
In just six days of trading, the recently approved spot Bitcoin exchange-traded funds (ETFs) have experienced a remarkable influx of bitcoins (BTC). These ETFs have collectively accumulated over 95,297 BTC, amassing a total of 647,374 BTC including the assets of the Grayscale Bitcoin Trust (GBTC). The growing popularity of these ETFs can be attributed to
In the modern era, the perception and use of digital assets are experiencing a potential “paradigm shift,” as highlighted by Andrew Peel, the Head of Digital Assets at Morgan Stanley. Peel raises concerns about the impact this shift may have on the global dominance of the U.S. dollar. With the growing interest in assets like
In a recent Bitcoin transaction, a user made an incredibly costly mistake by paying an abnormally high fee. The anonymous user paid a fee of 4 BTC, equivalent to $172,000, for a transaction that only sent 2.9 BTC to the intended recipient. This means that the fee was over 133% larger than the actual transaction
The latest research report by Coinbase Research and Glassnode suggests that Bitcoin (BTC) and Ethereum (ETH) are following a pattern similar to previous years, during which their prices surged significantly. This observation draws parallels between the ongoing crypto market cycle and the period from 2018 to 2022. Analysts highlight cyclicality metrics, such as net unrealized
Anthony Scaramucci, the founder and CEO of SkyBridge Capital, a prominent alternative asset management firm, has made a bold prediction about the future of Bitcoin (BTC). He anticipates that BTC will reach its all-time high before 2024 concludes. Scaramucci’s prediction comes on the heels of the United States Securities and Exchange Commission’s (SEC) recent approval
The dApp industry has experienced astonishing growth, as highlighted in DappRadar’s recently published 2023 Industry Report. This comprehensive report offers valuable insights into the thriving landscape of NFTs, DeFi, and blockchain gaming. With a 124% year-over-year increase in Unique Active Wallets (UAW), it is evident that the dApp sector is evolving rapidly. One of the
The recent report from the Commodity Futures Trading Commission (CFTC) sheds light on a critical issue within decentralized finance (DeFi) systems. The report highlights the absence of clear lines of responsibility and accountability deliberately overlooked by certain industry structures. While acknowledging the immense potential of the DeFi sector, the CFTC emphasizes the substantial risks it
In this digital age, where data is king and cyber threats loom around every corner, it is important to stay vigilant. The recent hack of major crypto data aggregator Coingecko serves as a sobering reminder of the ever-present danger lurking in the online world. This article delves into the details of the Coingecko hack, highlighting
