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Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year. The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth.Chief Financial Officer, Gary Vecchiarelli, said
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“We don’t expect any sharp drops or selling pressure due to contagion fears alone since the bulk of the move is likely to be priced in already,” said Joe DiPasquale, CEO of BitBull Capital, a firm that manages crypto hedge funds. “At this point, any new development will result in
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Bitcoin might be returning to the bottom of its current range; trapped for months, BTC might be unable to push higher. Driven
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Binance, the world’s largest crypto exchange, is keen to purchase Voyager, according to industry sources who have learned of the company’s interest. “Binance is excited and pursuing hard,” one of the people said. The exchange is “pushing hard on buying into institutional,” a second person said. Source
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Building on Axie’s popularity, leading global gaming studio Ubisoft announced Ubisoft Quartz, a platform for collecting and trading gaming NFTs. The backlash from gamers in its community, however, was immense, and the project died a silent death. Gamers were repulsed by the blatant revenue grab of an NFT model, which
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The Dow Jones rose 0.9% Thursday. Federal Reserve chair Jerome Powell indicated in his speech that the U.S. economy would be free to run hot. Walmart stock surged despite weak jobless claims data after a report suggested the company will be making a run on TikTok with Microsoft. The Dow Jones rallied 180
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The Seoul Metropolitan Police Agency launched a criminal investigation on June 12, leading to the search and seizure of two unnamed cryptocurrency exchanges. These efforts were enacted with the hope of dismantling an Ethereum (ETH) crime ring worth $41.5M.According to Joongang Ilbo, the alleged crime network promoted its business model
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[sociallocker id="55298"] Investors remain confident in bitcoin’s long-term prospects despite the cryptocurrency’s struggle to pass $10,000, according to a key on-chain metric. The seven-day moving average of the total amount of bitcoin held in exchange addresses declined to 2,313,749 on Sunday – the lowest level since December 2018, according to data
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The Ethereum team has been trying to solve the blockchain scalability problem since 2014. During that time, solutions such as Raiden, Plasma, zk-SNARKs, sharding and rollups appeared in the developers’ tool kit. However, the implementation of some of them was constantly delayed, while others proved to be of limited efficacy.This
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Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter
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