Crypto Mining Giant Core Scientific Files for Bankruptcy
• Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy due to an unpaid debt, slumping crypto prices, and rising energy costs. • Other crypto mining firms like Argo Blockchain, Iris Energy, and Greenidge Generation have also faced financial troubles this year. • FTX, once the third-largest crypto exchange, filed for bankruptcy protection last month, and its founder Sam Bankman-Fried is facing criminal charges for fraud and conspiracy. Core Scientific, one of the most prominent Bitcoin mining firms in the world, has recently filed for Chapter 11 bankruptcy protection in Texas. This development is a result of a combination of factors that have caused a huge financial strain on the company. The foremost problem is an unpaid debt of $7 million from Celsius Network, a bankrupt cryptocurrency lending company. This debt has been a significant burden on Core Scientific’s resources, and the company has been unable…
Discover New Opportunities This Holiday Season With Presale Launches & Delisting News in the Crypto Market!
• Bitcoin price prediction remains bearish, while Ethereum has been delisted from the crypto exchange Paxful. • Bitcoin is currently trading at $16,833, with a $323 billion live market cap. Ethereum is currently trading at $1,211, with a $148 billion live market cap. • FightOut, Dash 2 Trade, and Calvaria are all presale launches that have attracted investor attention. As the holiday season approaches, the cryptocurrency market has been relatively quiet, with Bitcoin (BTC) price prediction remaining bearish below $17,000 and Ethereum (ETH) staying relatively unchanged at $1,220. However, the crypto market continues to be dynamic in terms of presale launches and delisting news. The New York-based crypto exchange, Paxful, has recently delisted Ethereum from its platform due to what its co-founder, Ray Youssef, considers a lack of decentralization caused by the top smart contract platform’s transition to proof-of-stake. Youssef believes that investors are better off without Ethereum. He goes…
“Experience the Thrill of Crypto Gambling and Sports Betting with Lucky Block Casino and Sportsbook!”
• Lucky Block Crypto Casino and Sportsbook offers a cutting-edge gaming experience that combines the convenience and security of blockchain technology with an array of games and sport betting options that are regulated by the Curacao Gaming Authority. • Players can enjoy an array of casino games such as slot machines, blackjack, roulette and baccarat, as well as wager on major national and international sports leagues games and tournaments on the platform. • Lucky Block also offers generous bonuses for new users, including 15% cashback on losses made in the first seven days after registration and $10k airdrop of its native token LBLOCK. Lucky Block Crypto Casino and Sportsbook is the premier destination for casino gamers and sports betting enthusiasts alike. This cutting-edge platform was launched in November, just in time for the FIFA World Cup, and has since been providing players with a secure and regulated gaming experience that…
With the upcoming Christmas holidays causing low volatility and trading volume in the cryptocurrency market, major altcoins such as Ethereum, FightOut, Dash 2 Trade and Calvaria are still capturing investor attention with the launch of their presales.
• Bitcoin price is neutral below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. • Benjamin Cowen, a well-known cryptocurrency expert, recently stated that the bears are growing tired as Bitcoin’s (BTC) price has plunged more than 75% from its all-time high above $69,000. • Major altcoins such as Ethereum, FightOut, Dash 2 Trade, and Calvaria are capturing the attention of investors with the launch of their presales. It’s been a quiet day in the cryptocurrency market, with Bitcoin price prediction remaining neutral below $17,000. Among the entire crypto market, the global crypto market cap stayed practically steady at $810.53 billion over the previous day, while the overall volume increased 12.46% to $28.94 billion. This low volatility can be attributed to the upcoming Christmas holidays, as investors take a break from trading and focus on the festivities. Benjamin Cowen, a well-known…
Bitcoin prices remain stable near $16,750, while alternative presales like Dash 2 Trade, FightOut, and Calvaria offer short-term potential.
• A new search feature on Twitter that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by typing in the ticker symbols has been released. • The US court has announced that FTX co-founder Gary Wang and Caroline Elison, the former CEO of sister company Alameda Research, have pled guilty to fraud charges and are cooperating with authorities. • Dash 2 Trade, FightOut, and Calvaria are some of the leading presales that investors should consider for short-term gains. Bitcoin prices remained relatively stable near $16,750 on December 22, as the BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The low trading volume and volatility has caused the BTC/USD to trade sideways. On December 21, the Twitter Business account added a new feature that is an improvement over “$Cashtags”. Users can now look up the…
“Revolutionize Crypto Trading with Dash 2 Trade: $10.4M Raised & Ready to Trade!”
• Dash 2 Trade is a platform that provides crypto traders and investors with all of the tools needed to navigate the markets. • Participants in presales will have access to information about each project, such as tokenomics, the team, and roadmaps. • The Dash 2 Trade presale has now raised $10.4m and is in its final stage, with tokens soon trading on exchanges like BitMart, Changelly Pro and LBank. The crypto market has been a wild ride for investors and traders ever since the boom and bust of 2017. In the aftermath, there has been a growing demand for reliable tools and services that allow crypto enthusiasts to stay up to date with the latest developments in the world of blockchain and cryptocurrency. Dash 2 Trade is a new platform that is set to revolutionize the industry with its suite of advanced trading tools and resources. For starters, Dash…
“Sam Bankman-Fried of Crypto Exchange FTX Extradited to US for Court Appearance”
• Sam Bankman-Fried (SBF), the founder of crypto exchange FTX, has been extradited from the Bahamas to the United States and set to appear in a Manhattan federal court on Thursday. • Former business partners Caroline Ellison and Gary Wang have turned on Bankman-Fried, likely in an effort to secure lighter sentencing for themselves. • The extradition comes after days of confusion, and the US Securities and Exchange Commission’s (SEC) civil complaint against Ellison and Wang paints a damning picture of Bankman-Fried. Sam Bankman-Fried, the founder of crypto exchange FTX, has been extradited to the United States and is set to appear in a Manhattan federal court this coming Thursday. Bankman-Fried has been flown on a US government plane to New York from the Bahamas, where he has spent the past few days at the infamous Fox Hill detention facility. He was escorted by US federal agents on his journey…
“3 Cryptos Offering Near-Term Potential in the Current Market”
– FightOut (FGHT) is a move-to-earn crypto application launching in Q2 2023, which rewards its users for working out, completing challenges and competing within a first-of-its-kind fitness metaverse. – Luna Classic (LUNC), the native token that powers the original and now largely defunct Terra blockchain, recently found decent support in the $0.00012 support area. – Dash 2 Trade (D2T) is an up-and-coming analytics and social trading platform that seeks to take the crypto trading space by storm. It’s currently conducting a token pre-sale at highly discounted rates. Cryptocurrency markets have been under broad pressure as of late, with the US Federal Reserve’s hawkish message at its meeting last week likely to have doused cold water on the prospect of any year-end “Santa rally” in crypto markets. As such, investors might be looking to diversify their cryptocurrency holdings into coins that might offer better near-term potential. Three such coins that stand…
DeFi Still Demonstrates Greater Potential Than Traditional Finance Despite Setbacks
• Decentralized Finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, according to a new report from Hashkey Capital. • DeFi protocols have shown “great resilience” to market volatility and have a higher scalability and autonomy than traditional financial services. • However, the Total Value Locked (TVL) in DeFi protocols has dropped significantly through the year, from highs of around $180bn at the end of last year to $41bn currently. The recent report from Hashkey Capital has revealed that the decentralized finance (DeFi) industry still demonstrates greater potential than the traditional financial industry, despite recent setbacks. This is due to the scalability and autonomy of DeFi solutions, which surpass that of traditional financial services many times over. The report highlighted numerous advantages that DeFi protocols have over traditional finance. For example, the scalability of DeFi solutions is much greater than traditional financial services, as evidenced…
“Crypto Trading Sites Blacklisted by French Regulators for Unauthorized Operations”
• French financial regulators have added a number of crypto trading websites to a blacklist of firms operating in France without proper authorization. • The list is curated by the Autorité des marchés financiers and the Banque de France’s Prudential Supervisory and Resolution Authority. • The blacklist comprises “unauthorized” firms offering crypto derivatives in France, as well as unregulated forex and securities platforms. The French financial regulators have recently taken a stand against crypto trading websites operating without proper authorization in France. The Autorité des marchés financiers (AMF), France’s stock market trading regulator, and the Banque de France’s Prudential Supervisory and Resolution Authority (ACPR) have co-curated a list of these firms and added them to a blacklist. This list includes “unauthorized” firms offering crypto derivatives in France, as well as unregulated forex and securities platforms. The regulators stated that any firm not on the register but offering crypto, forex, or…