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 Commission (SEC) on Tuesday. The filing shows that the firm recorded its second consecutive quarterly loss at the end of Q3. The Bitcoin miner lost $435 million in Q3 and $862 million in Q2, bringing its net loss for the year to a staggering $1.7 billion. Core Scientific Seeks Fresh...
Read More »Sam Bankman-Fried Conspired With SEC for “Special Treatment:” US Congressman
Tom Emmer – the U.S. congressional representative for Minnesota – recently spoke on the political meetings and failures surrounding Sam Bankman-Fried (SBF), prior to his exchange’s collapse. The Republican suggested that Bankman-Fried tried currying “special treatment” from the Securities and Exchange Commission (SEC) through meetings with the agency, and attempted to push legislation to the same effect. Bankman-Fried’s Political Relationships In an interview with FOX on...
Read More »Elon Musk May Have Been Mistaken Investing in BTC
In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...
Read More »Crypto Exchange BIT Launches Qatar 2022 World Cup-Themed Campaign With $1 Million Prize Pool
[PRESS RELEASE – Please Read Disclaimer] The FIFA World Cup takes over the world once every four years. Despite its unusual timing and controversy around the 2022 location and venue, this year’s event has attracted millions, if not billions, of fans all over the world. This presents a compelling opportunity for up-and-coming and established companies to display their brand as well as provide some lucrative opportunities for current and future customers. The popular crypto...
Read More »Orbeon Protocol (ORBN) Sells out the Presale’s First Stage
[PRESS RELEASE – Please Read Disclaimer] The Orbeon Protocol will enable ordinary people to invest in startups while providing much-needed community and funding to new firms. Orbeon Protocol will connect investors and firms while providing a secure investment platform. Multiple analysts expect Orbeon Protocol to rise by 6000% during the first part of its presale. The Problem With the Current Venture Capital Space Crowdfunding and crowdsourcing are rapidly growing industries,...
Read More »Maple Finance Is Rescuing Crypto Miners
The crypto mining scene has been in a terrible state of disarray over the past few months, but there appears to be an answer in a platform called Maple Finance. Maple Finance Is Trying to Aid the Mining Community The digital currency mining scene has been falling into the doldrums as of late. With assets like bitcoin losing more than 70 percent of their values since hitting new all-time highs last November, it seems it’s becoming much more expensive to mine crypto, and...
Read More »Xiaomi Reports Q3 2022 Financial Results, Slips 9.7% on Revenue YoY
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Read More »Binance Announces Hooked Protocol as 29th Project on Its Launchpad
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Read More »DBS Becomes First Bank in Asia to Use JPMorgan’s Onyx Platform
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Read More »NFTEA: First Multi-Dimension NFT Options Product Based on Sports Events
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