Generative Data Intelligence

Tag: few

Optimism Review 2023: Ethereum’s Ultimate Scaling Solution?

<!-- --> I don’t know if there has ever been more of a polarizing love/hate relationship with anything in history than...

Crypto 2022: Trick or Treat?

It’s that spooky time of year! Instead of coming to your door for Halloween goodies, here are tricks and treats to watch for as you learn crypto trading. Grab your candy bag and snack on these goodies as you discover the ins and outs of crypto investing. The Tricks of Crypto Investing The three biggest […]

The post Crypto 2022: Trick or Treat? appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

10 Scary Great Casino Halloween Promotions

This Halloween we want to make sure our readers have a fun and rewarding time with our hand-picked selection of casino Halloween promotions. 

The post 10 Scary Great Casino Halloween Promotions appeared first on BitcoinChaser.

San Francisco 2033: You Will Own Nothing And Be Happy

Welcome to San Francisco in 2033, where universal basic income and FedGov surveillance pervade and Bitcoin is outlawed.

Will A Bankruptcy Of Bitcoin Miner Core Scientific Impact The Price?

The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning in a filing with the SEC on Oct. 26. Shortly thereafter, the stock took a nosedive. The stock plummeted from $1.02 to $0.22. While the CORZ stock was trading at $10.43 at the beginning of the year, it is now down 97% year-to-date. Notably, the Bitcoin price was unimpressed by the news. As NewsBTC reported, a Bitcoin miner capitulation is currently the biggest intra-market risk. Therefore, it is questionable whether the risk of a capitulation event is now over or Core Scientific is the harbinger of a bigger crash? Related Reading: Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To Know Bitcoin Miner Core Scientific On The Ropes Documents filed with the U.S. Securities and Exchange Commission reveal that there is a possibility of bankruptcy. The company said it will not make its debt payments due in late October and early November. In addition, Core Scientific announced that holders of its common stock “could suffer a total loss of their investment.” Cash could be depleted by the end of the year or sooner, in part because Celsius arguably owes the miner $5.4 million. Related Reading: Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again However, responsible for the Bitcoin miner’s situation, however, according to management, are that “operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs,” as well as “the increase in the global bitcoin network hash rate”. Compass Point analysts believe bankruptcy is a real possibility, as CNBC quotes: Still, without knowing how discussions are going with CORZ’s creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels.  For the moment, the Bitcoin miner is considering various options for raising additional capital. All-Clear For The Bitcoin Price For Now? The SEC document gives the all-clear for the bitcoin price in that a sale of Core Scientific’s bitcoin holdings has already taken place. The company now holds only 24 Bitcoins; 1,027 Bitcoins were already sold last month. In this respect, Core Scientific’s treasury is not more of a concern, but rather the overall bad state of the Bitcoin mining industry. The industry is suffering from skyrocketing electricity costs as well as the depressed Bitcoin price. Many larger Bitcoin mining companies ordered new hardware when the price was much higher. Due to long delivery times, they received the machines much later, at a time when the hash price was already much less profitable. Another well-known Bitcoin miner, Compute North, filed for bankruptcy back in September and owes at least 200 creditors up to $500 million,as Bitcoinist reported. The next few months will therefore have to reveal whether it will take a deeper shakeout to flush unprofitable and over-leveraged miners out of the market. Core Scientific had the highest debt to equity ratio in the industry at 3.5x. Currently, the miner net position change continues to indicate that the industry is exerting selling pressure on the market. The metric shows that the total number of Bitcoins sold by miners was higher than the amount held on every day throughout October. From a technical perspective, BTC looks ´poised to reach long territory’ soon. For now, the price needs to sweep the low and should hold the level at $19.9K.

How The Government Could Come For Your Bitcoin

What does the path to hyperbitcoinization look like when governments worldwide start to notice their citizens adopting bitcoin?

Best Euro Stablecoins, Rated and Reviewed

See all the top EUR stablecoins ranked by market cap and how they stay stable. Covers the three best ways to make money with a euro-based stablecoin.

The post Best Euro Stablecoins, Rated and Reviewed appeared first on Bitcoin Market Journal.

AAFX Trading

This AAFX Trading review is meant to show you all the features about this broker, and sum up all the reviews online. For those...

ForexMart

ForexMart ReviewIn today’s ForexMart review, we are talking about this binary options trading broker that provides 24-hour customer service and support, 60 days of...

Art Moments Jakarta’s Tezos Exhibition Showcases 6 Transformative Southeast Asian Artists

NFT art will make waves at this year’s Art Moments Jakarta (AMJ) in an exhibition built on Tezos. “NFTs: Inner Worlds, Immortalized” will showcase the works of six leading artists from across the region, three of whom are prominent creators in Indonesia.

The post Art Moments Jakarta’s Tezos Exhibition Showcases 6 Transformative Southeast Asian Artists appeared first on BitPinas.

Dogecoin (DOGE) Rallies Over 10% For Second Day, Huge Whale Transactions

The world’s largest memecoin is currently on a roll gaining more than 10% for the second consecutive day! As of press time, DOGE is trading 15% up at a price of $0.075 with a market cap of just under $10 billion. this is for the first time in ten weeks that the DOGE price is

The post Dogecoin (DOGE) Rallies Over 10% For Second Day, Huge Whale Transactions appeared first on CoinGape.

The Bear Market Is The Time To Invest In Bitcoin

The people who are either building businesses, investing or learning about Bitcoin are the people who are going to be most successful in the coming cycle.

Latest Intelligence

Godaddy promo code

spot_img
spot_img
spot_img

Chat with us

Hi there! How can I help you?