Solana Tokens Continue Steep Slide While Major Cryptos Stay Flat
Solana (SOL) dropped nearly 8% in the past 24 hours, adding to a 20% slide over the past week. Original Source
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Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
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
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Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining
By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public.Major crypto mining company Core Scientific (NASDAQ: CORZ) is expected to file for Chapter 11 bankruptcy protection in Texas early on Wednesday
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Core Scientific to File for Bankruptcy, Continue Mining Through Process: Report
A source told CNBC that bankruptcy proceedings would not impact operations. Source
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Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs – Metaverse Bitcoin News
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still
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Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings – Economics Bitcoin News
On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. The deprivation of wealth
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Bitcoin Price Prints Bearish Technical Pattern, Why It Could Continue Lower
Bitcoin price declined heavily and traded below $17,000. BTC is consolidating losses and remains at a risk of more losses below the $16,500 support. Bitcoin started a fresh decline below the $17,200 and $17,000 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key
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Bitcoin (BTC) At $29,000, How Will the Consolidation Continue?
Bitcoin remained consolidated over the last 24 hours, even with other altcoins having dipped on their charts. Over the previous week, the king-coin continues to register lateral price movements even though the price of bitcoin has consistently moved on the downside since November 2021. If considered on the longer time
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Bitcoin Funding Rates Continue to Drop While Open Interest Tells Another Story
Bitcoin’s funding rate has been negative over the last couple of weeks. Last week saw the funding rate exit the neutral territory even as bitcoin prices continued to plummet. This past week was a hard one for every crypto stakeholder, as most of the coins were in a bloodbath. Bitcoin
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BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision – Market Updates Bitcoin News
Bitcoin fell from a five-week high on Thursday, as markets continued to react to the latest Federal Reserve interest rate decision. The U.S. Fed moved to increase interest rates by 50 basis points as expected, whilst also laying the ground for a slower pace of hikes in coming months. Ethereum
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