Core Scientific, a major blockchain hosting and digital asset mining company, is going public through a merger with Power & Digital Infrastructure Acquisition Corp. The deal values the combined company at approximately $4.3 billion. Core Scientific to List on Nasdaq Core Scientific Holding Co., one of the largest blockchain hosting and digital asset mining companies
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A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services. Over-the-counter trading platform 24 Exchange has acquired a “Class T” digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially announced Tuesday that the
Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for
Bitcoin (BTC) continued its bounce from its 2021 opening price on July 21, hitting $31,600 in what some fear is just a temporary reprieve from downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Short the bounce”? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it gained a respectable 7% during Wednesday. Bulls had successfully
15 years ago, the social media application Twitter was launched. You might have heard of it, it’s pretty big. Initially, the microblogging and social networking service was a friendly place, packed full of helpful articles and adorable videos. In a recent article, aptly titled titled ‘How Twitter ruined everything,’ the author Douglas Murray wrote, somewhat
The Australia Securities Exchange (ASX) has weighed in on the issue of crypto custody amid the ongoing discussions within the country’s Senate Select Committee on Financial Regulatory Technology. In a submission to the committee on July 16, ASX highlighted crypto custody on centralized exchanges as a significant risk factor for investors. The ASX submission outlined
Ethereum has not been left out of the onslaught currently happening in the market. The coin has lost over 2.4% in the last 24 hours and is now trading in the $1,700 territory as of the time of writing this article. The digital asset continues to dip as the crypto market continues to experience massive
FTX Trading Ltd. announced the firm has closed the largest capital raise in crypto exchange history in a Series B funding round for $900 million. The financing gives FTX a valuation of around $18 billion and the crypto firm aims to expand its global presence. FTX Closes Largest Capital Raise in Crypto Exchange History FTX
Bitcoin (BTC) bulls could celebrate a modest victory on July 21 after record bids kept BTC/USD its 2021 opening price. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 back in play for BTC Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency avoiding a trip lower than $29,000 over the past 24 hours. After
Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year. With all time third-party Chainlink integrations currently
Billion-dollar investment firm Rothschild Investment Corp quadrupled its exposure to Bitcoin (BTC) since April, new records show. In a filing with the United States’ Securities and Exchange Commission (SEC) on July 17, Rothschild confirmed that it now owns 141,405 shares of the Grayscale Bitcoin Trust (GBTC). Rothschild GBTC shares near 150,000 A quiet but nonetheless
Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody after he allegedly accessed his cryptocurrency account. The remand order came from U.S. District Judge P. Kevin Castel after Griffith reportedly sought to access Ethereum assets held by Coinbase in May. The Ethereum Foundation researcher will likely spend
A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens
JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management. A Lot of JPMorgan Clients Consider
Bitcoin (BTC) prices broke below a long-standing support wave, which was instrumental in keeping its strong bullish bias intact after March 2020’s crypto market crash. Dubbed as the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and
“I used to give a lot of art away to people,” reflects Damien Hirst at one of his sprawling west London studios. “And they’d always sell it after a lot less time than I thought they would. You know, they wouldn’t sell it for leukaemia treatment for their children or mother or something, they’d sell