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Tag Archives: social

Core Scientific Reports Yearly Revenue Decrease in Q4 2023, Net Losses Shrink

Bitcoin mining firm Core Scientific announced that total revenue for fiscal year 2023 amounted to $502.4 million, reflecting a decrease of $137.9 million or 22% from the $640.3 million recorded in the previous year. Core Scientific said that it had successfully mined 19,274 BTC (valued at approximately $1.4 billion) during 2023 despite undergoing bankruptcy. Core Scientific Reports Revenue Fall According to the official press release, the decline in total revenue stemmed...

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Bitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison

Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According to a press release on March 12, the jury declared Roman Sterlingov guilty of money laundering conspiracy and sting money laundering. The 35-year-old...

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‘There and Back Again:’ Bitcoin’s Revival Explained for ‘The Lord of the Rings’ Fans (Op-ed)

2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has been like that in its 15-year history). Its price launched a massive rally at the beginning of 2024 that led to an unprecedented height of over...

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This Happened on Coinbase’s Bitcoin Premium Index Before BTC Plunged to $66K

In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some hours before the price of BTC fell more than 7% to $66,000 on Friday and even further on Sunday. Coinbase Premium Flashes Bearish Signal...

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Bitcoin Is a Top 10 Financial Asset by Market Cap, But What About Ethereum?

Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum. Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets by that metric. But where exactly does Ethereum stack up? ETH in the Top 25 CryptoPotato frequently reported Bitcoin’s progress as the asset...

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Bitcoin Slumps to 10-Day Lows, DOGE and SHIB Among the Double-Digit Losers (Weekend Watch)

This weekend doesn’t resemble the previous few, which were a lot less volatile, as the primary cryptocurrency has dumped hard to a ten-day low of under $65,000. The alternative coins are also well in the red, and the total crypto market cap has lost over $100 billion daily and more than $300 billion in the past few days. BTC Dumps Hard Monday began on a high note as BTC soared from $67,000 after retracing on Sunday evening to over $70,000 to register a new all-time high. The...

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US Treasury Probes $165M Crypto Transactions Linked to Hamas Support: Report

According to a recent report by the Wall Street Journal (WSJ), the U.S. Treasury Department is investigating $165 million worth of cryptocurrency transactions that might have supported Hamas, the Palestinian militant group. Deputy Treasury Secretary Adewale Adeyemo signed a letter revealing these findings based on examining suspicious activity reports submitted between January 2020 and October 2023. Treasury Deputy Pushes for Legislation Adeyemo’s letter, addressed to the...

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BNB Chain Doubles Down on Layer 2 Expansion With Rollup-as-a-Service (RaaS)

BNB Chain has launched a Rollup-as-a-Service (RaaS) solution that aims to enable large-scale Dapps, enterprises, and BNB Chain itself to construct customized Layer 2 solutions. The latest move aligns with BNB Chain’s 2023 roadmap, which involves expanding the ecosystem with a secure multichain strategy, among other aspects. BNB’s Rollup-as-a-Service (RaaS) Solution According to the official press release, RaaS targets Dapps and blockchain ventures, providing a cost-efficient...

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7RCC’s Spot Bitcoin and Carbon Credit Futures ETF Moves Closer to Reality with NYSE Filing

Asset management company 7RCC Global is gearing up for the launch of its environmentally conscious spot Bitcoin ETF in the United States amidst fierce competition for investment products that facilitate access to БТЦ’с price movements. Despite not being included in the initial wave of launches, the entities backing the proposal are proceeding with their plans. 7RCC Pushes Forward with Spot Bitcoin ETF Plans The New York Stock Exchange submitted a 19b-4 form on March 12th for...

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7 Signals Bitcoin Is Rocking Outside The United States

The markets are rallying exuberantly for BTC for a couple of reasons this March. Institutional investors bought deep after the SEC opened up Wall Street access to Bitcoin price exposure through custodial spot ETFs. That only adds to the scarcity shock with the supply halving coming up next month. However, many blockchain crypto trading strategists think it is hard to overstate the importance of the ETF approvals by the Securities and Exchange Commission. The new paradigm does...

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