Cryptocurrency Analysis and News Portal
With the introduction of its AI networking chips, Cisco aims to challenge the dominance of Broadcom and Marvell by offering a unique blend of intelligence and versatility. Renowned American networking giant Cisco Systems Inc (NASDAQ: CSCO) has recently unveiled its latest breakthrough – a new line of AI networking chips. These
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Ava Labs’ latest innovative approach reflects the company’s commitment to pushing the boundaries of the AI technology. Artificial intelligence (AI) has taken another foray into the cryptocurrency industry, the latest to embrace this cutting-edge technology is Ava Labs, the brains behind the success of Avalanche blockchain. The software development company recently
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A Chapter 11 plan for bankrupt Bitcoin (BTC) miner Core Scientific has been filed in line with its Chapter 11 proceedings.The plan was filed in the United States bankruptcy court for the Southern District of Texas Houston Division. The plan was negotiated with key stakeholders and according to the filing,
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The hotter-than-expected U.K. core Consumer Prices Index (CPI) rate came in at 6.8% – the highest since 1992 – against an expected figure was 6.2%. This means gains in core prices, excluding food, energy, and tobacco, accelerated by 6.8% last month from 6.2% in March. Source
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Once the crypto industry’s largest mining company, Core Scientific suffered an astounding, and swift, fall from grace last November, when bitcoin prices cratered amid cryptocurrency exchange FTX’s mid-November implosion. The company went public with a $4.3 billion valuation in 2021, but its market capitalization had fallen to $78 million by
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Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations.According to the objection, which was filed in Texas bankruptcy court on May 5, Core Scientific has asked
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The former chief technology officer at crypto exchange Coinbase and a former partner at venture capital firm Andreessen Horowitz, Srinivasan in mid-March – shortly after the failures in short order of Silvergate Bank, Signature Bank, and Silicon Valley Bank – said he expected a banking crisis to trigger a sizable
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The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from. Source
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On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to
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Mehta, a former Google software engineer, didn’t elaborate on what his startup idea is, but he’s no stranger to the startup world. In 2013 Mehta launched Outbound, a messaging platform that raised $2.2 million and was eventually acquired by Zendesk in 2017. Source
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