2 hours ago | 2 mins read Bitcoin News Core Scientific sold 9,618 BTC in April at a loss of $362 million. It was revealed that the company will run out of money before 2023. B. Riley, a provider of fi...
Tag: core
Bitcoin miner Core Scientific offers $72 million to stay solvent
In order to help the ailing business escape bankruptcy, investment bank B Riley, one of Core Scientific’s (CORZ) key creditors, has suggested a new $72 million financing package. B Riley: Most struggl...
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top l...
DeFi, dApp developer Core Business Holdings goes public in US through ARAX acquisition
ARAX Holdings signed a binding letter of intent and deal terms to acquire 75% of blockchain firm Core Business Holding‘s share capital, the company behind Core Blockchain. As of press time, ARAX whic...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...
Bitcoin Miner Core Scientific’s Lender Wants to Give Miner $72M to Avoid Bankruptcy
B Riley said it is prepared to fund the first $40 million of the new financing immediately, with “zero contingencies.” The remainder of the financing is contingent on all principal payment...
Bitcoin rallies from $17k after core CPI data release, should you go long now?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The lower timeframe market structure was strongly bearish. The bul...
Core Mobile wallet by Ava Labs is now live on Android
Ava Labs brings one of the most efficient ways for crypto traders to navigate their digital assets. Core Mobile wallet is currently available on Android devices. The iOS launch is scheduled for the ne...
Uniswap sees sharp decrease in fees per core developer; is UNI in trouble
Uniswap’s fees per core developer declined from $150 to $10 million The fall in UNI’s price could be a reason, and the fee switch might have further impacts The “fees per developer” indicator for Unis...
DOGE Core Developer Reacts to Jim Cramer’s Remarks on Dogecoin
A trail of reactions has followed CNBC’s “Mad Money” host Jim Cramer’s criticism of cryptocurrencies, including Dogecoin, which he called a “con.” In the wake of th...
TeraWulf, Core Scientific among top performers
Bitcoin mining stocks tracked by The Block showed mixed results on Friday, with about half trading up and the other half down. Bitcoin prices fell slightly to around $17,100 by market close, acc...
Staked Ether Withdrawals Are Coming In March 2023, Core Developers Concur ⋆ ZyCrypto
Advertisement     Ethereum core developers revealed on a call on December 8 that the network’s next, highly-anticipated hard fork, Shanghai, allowing users to withdraw...
Ethereum Core Devs Set March 2023 to Ship Shanghai Upgrade
In the final All Core Developers meeting for the year on Dec. 8, 2022, Ethereum developers agreed to roll out the anticipated Shanghai upgrade in March 2023. The Shanghai upgrade, formally known as Et...
Introducing Allbridge Core – Crosschain Stablecoin Swap Solution
Lisbon, Portugal Allbridge – a crosschain solution provider, just launched its latest product Allbridge Core, enabling seamless transfer of stablecoins between a wide variety of EVM and non-EVM blockc...
Crypto Firm Core Scientific Says It’s Considering Bankruptcy
Core Scientific – one of world’s biggest publicly traded crypto mining firms – has announced it is considering bankruptcy protection as its stock has fallen by over 90 percent since the beginning of t...
Controversial Bitcoin Core 24 Is Live; What You Need to Know
A few days ago, a new version of the most widely used Bitcoin implementation, Bitcoin Core, was released. Version 24.0 includes the configuration “mempoolfullrbf”, which has already been the subject o...
Bitcoin Core 24, Bitcoin’s controversial upgrade is now live
Bitcoin Core 24, the long-awaited but controversial upgrade was activated on Nov. 26, opening the door for the Bitcoin memory pool that will serve as a waiting room for unconfirmed transactions. The...
Sticking to Core Fundamentals Saved Polygon from FTX Calamity
Advertisement     The impact of FTX’s downfall is being felt all across the crypto spectrum. Since the FTX crisis began to unfold, the crypto market has shed over $200...
Key Indicator Signals Bottom; Ethereum Core Devs Back EIP-4844
The downfall of FTX has also left its mark on the Ethereum (ETH) price. Over the last 30 days, Ether has recorded a drop of around 20%. At press time, the price was at $1,171, just above the crucial s...
Ethereum core developers signal support for ‘proto-danksharding’
Ethereum core developers are moving toward putting EIP-4844 — a highly-anticipated scaling proposal — live in a future mainnet upgrade, according to an Ethereum core developer meeting. Develope...
35% of Bitcoin core team is from the U.S. as monthly active developers falls in 2022
Bitcoin (BTC) investment firm NYDIG’s report revealed that 35.1% of Bitcoin’s core developer team is residing in the U.S., and the core team grows by 5 to 20 people every month. There have been countl...
Bitcoin mining company Core Scientific reports a $400 million quarterly loss – crypto.news
Core Scientific, a Bitcoin (BTC) mining company, may be the next to file for bankruptcy after reporting a third-quarter loss of more than $400 million. The business, regarded as the biggest publicly t...
Core Scientific might not make it past November 2023 after revealing $1.7B in losses
Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. In its quarterly report filed with the SEC, the company said “substantial doubt” exists...
Bitcoin Mining Firm Core Scientific Lost $1.7 Billion in 2022
Public-traded Bitcoin mining company Core Scientific has lost about $1.7 billion since the start of the year, according to its quarterly report filed with the United States Securities and Exchange Com...
Core Scientific reveals $434 million loss in Q3
Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin...
Core Scientific’s future is under “substantial doubt”
The bitcoin miner Core Scientific has voiced “substantial doubt” that they would be able to continue their activities over the course of the next year given the present status of the compa...
Core Scientific in ‘substantial doubt’ of continuing without more cash
Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly report filed with ...
Core Scientific warns of ‘substantial doubt’ to continue operations, posts $435 million loss
Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it’s facing a steep uphill battle to do so. “The ability to raise funds thro...
Terra Classic Core Developer Proposes To Reopen Remaining IBC Channels Before v23 Upgrade
– Advertisement – Kim says it is necessary to reopen IBC channels to stay updated with changes in the Cosmos ecosystem and have time for rigorous testing. Terra Classic core developer Edwa...
Bitcoin Miner Core Scientific Facing Lawsuit for Improperly Disclosing Financials
Crypto mining firm Core Scientific has been hit with a lawsuit after failing to disclose a series of adverse financial circumstances in its statements to shareholders this year, according to a court f...
Mining Firm Core Scientific Faces Lawsuit Over Financial Disclosures
7 hours ago | 2 mins read Bitcoin News Mei Pang, the plaintiff and a shareholder, claims the business intentionally misled investors. Previously, the defunct crypto lender Celsius filed a lawsuit on S...