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Bitcoin Ordinals, a technology that enables adding text, images and code on a satoshi — the smallest unit of Bitcoin (BTC) — continues to inspire debate among the Bitcoin community.Soon after the introduction of Bitcoin Ordinals in January 2023, the technology’s opponents began to raise concerns over its perceived flaws,
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The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments. Source
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The Nasdaq-listed miner and the government's commercial arm, Druk Holding & Investments, will establish a $500 million fund to raise money for the venture from international investors and expect fundraising efforts to start this month, according to an emailed statement Wednesday. Source
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Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan. In an announcement sent to Cryptox, Bitdeer and DHI said they would launch the partnership by creating a
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Bed Bath & Beyond has been struggling to maintain its operations since the beginning of 2023 with BBBY stock correcting over 88% year-to-date. One of America’s top home goods retailers Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday, April 23. The development comes as the company
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Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints. America’s leading manufacturer of wavy-duty commercial battery-electric vehicles Nikola Corporation (NASDAQ: NKLA), is planning to generate $100 million by offering shares of its common stock. The company announced on March 30 that it had started
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As Hong Kong is once again opening up to the crypto market, local investors are launching a $100-million fund to finance the digital industry. The new fund, ProDigital Future, will aim at Web3 companies in their early stages, oriented at the regional market. According to a Bloomberg report from March 30,
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"The successful conclusion of this sale represents a watershed moment for the decentralized fundraising space and, we hope, a model for responsible fundraising for projects in the future,” said Coder Dan, co-founder and CEO of Pixelcraft Studios, in a press release. “We are thrilled to have such a strong and
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As a company, Virgin Orbit has a very definitive goal, and that’s to deliver small commercial satellites to Earth’s orbit. Space technology company Virgin Orbit Holdings Inc (NASDAQ: VORB) is facing one of the toughest financial strains in its history and may file for bankruptcy if it fails to secure funding
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Stripe has retained its entity as a privately owned enterprise over the past ten years, despite persistent speculations about an IPO. Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the firm announced, with a steep discount from its record valuation of $95 billion in 2021. According to the press
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