Bitcoin is trading at $16,488 today and has gained over 1.7% in the past 24 hours. A few days ago, bitcoin had dropped to sub-$16k, trading at $15.7k. While the coin is currently bullish, these will likely be short-lived. Since analysis indicates that Bitcoin has not reached its bottom, investors should expect further adverse price action…
Core Scientific, the heavyweight champ of publicly traded Bitcoin miners in the U.S., might be the next crypto domino to fall, staring down bankruptcy after a brutal third-quarter loss of $434 million. That bombshell, dropped in a fresh SEC filing, pushes their 2022 losses to a staggering $1.7 billion—a hole so deep it’s got the…
Russia might just flip the script on crypto next year, with a bill to legalize Bitcoin mining possibly hitting the ground running as early as January 1, 2023. That’s the word from Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee and the country’s go-to guy for crypto laws. He spilled the beans…
El Salvador’s President Nayib Bukele dropped a bombshell on Twitter yesterday, November 17, 2022, announcing the country will start snapping up one Bitcoin a day beginning Friday the 18th. It’s his latest play to weather the brutal crypto winter that’s slashed the nation’s Bitcoin stash—and he’s betting it’ll turn things around. El Salvador made waves…
According to the latest reports, Sam Bankman’s bankrupt exchange (FTX) is presumed to have held serum assets worth $2 billion. Moreover, his organization accumulated $900 million in liquid assets. Sam Bankman’s exchange continues its drama Amid FTX’s crucial drownings and surprise to its users, investments components reports suggest that Sam Bankman Fried’s trading exchange had…
Poly Network, a DeFi project all about linking up blockchains, got hit hard—a massive $611 million hack that’s being called the biggest decentralized finance heist yet. The crew broke the news on Twitter on August 10, 2021, and the fallout’s been swift. Tether’s already blacklisted the stolen Ethereum-based USDT, and Binance’s big boss, Changpeng Zhao,…