Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans Ripple (XRP) Continues its Ascent, Surpassing Solana and USDT in Market Cap Korean Crypto Markets Flash Crash After Martial Law Announcement Chance for Australian Crypto Businesses to Shape ASIC Guidance on Digital Asset Compliance McDonald’s Just Got Some Terrible News, and Its Reaction Was Something to Watch Binance, WazirX Named in India’s $97M Crypto Tax Investigation: Report Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions Founder of Failed Crypto Lending Platform Celsius Network Pleads Guilty to Fraud Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission Solana (SOL) Price Shows Signs of Consolidation After Reaching a New All-Time High

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Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans
Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans

Mining units at a bitcoin mining facility in Texas. Photographer: Jordan Vonderhaar/Bloomberg © 2022 Bloomberg Finance LP Artificial intelligence (AI) is hungry for computing power, and bitcoin miners willing to repurpose their infrastructure stand to profit handsomely. Core Scientific, one of the largest publicly traded bitcoin miners, emerged from bankruptcy in January and has spent June with its stock in an updraft, more than doubling to $9.57 a share with a 10% boost on Wednesday as it announced an increase in computing capacity for the high-performance computing (HPC) that underpins AI operations. Core unveiled new details about the 300 megawatts...

views: 438
11.06.2024
Ripple (XRP) Continues its Ascent, Surpassing Solana and USDT in Market Cap
Ripple (XRP) Continues its Ascent, Surpassing Solana and USDT in Market Cap

This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news. Then, we will evaluate the sustainability of this trend and forecast XRP’s future. 1. XRP Surpassed Solana and USDT in Market Capitalization: a Significant Milestone in the Cryptocurrency Market On December 1, 2024, a notable event shook the cryptocurrency market: Ripple’s market capitalization surpassed both Solana and USDT. Source: coinmarketcap.com According to...

views: 235
04.12.2024
Korean Crypto Markets Flash Crash After Martial Law Announcement
Korean Crypto Markets Flash Crash After Martial Law Announcement

By Mark Hunter 12 hours agoWed Dec 04 2024 08:39:22 Reading Time: 2 minutes South Korean crypto exchanges witnessed dramatic flash crashes in digital asset prices yesterday The instability followed the Prime Minister’s surprise announcement of martial law amid escalating political and economic tensions Bitcoin and Ethereum prices briefly plummeted by over 20% on some local platforms before partially recovering The South Korean cryptocurrency market yesterday experienced sudden turbulence following the Prime Minister’s declaration of martial law. Major digital assets like Bitcoin and Ethereum saw double-digit drops in value, with the decision sparking panic among investors, leading to liquidity shocks...

views: 296
04.12.2024

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Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans
Bitcoin Miner Core Scientific’s Stock Soars On AI Expansion Plans

Mining units at a bitcoin mining facility in Texas. Photographer: Jordan Vonderhaar/Bloomberg © 2022 Bloomberg Finance LP Artificial intelligence (AI) is hungry for computing power, and bitcoin miners willing to repurpose their infrastructure stand to profit handsomely. Core Scientific, one of the largest publicly traded bitcoin miners, emerged from bankruptcy in January and has spent June with its stock in an updraft, more than doubling to $9.57 a share with a 10% boost on Wednesday as it announced an increase in computing capacity for the high-performance computing (HPC) that underpins AI operations. Core unveiled new details about the 300 megawatts...

11.06.2024
Ripple (XRP) Continues its Ascent, Surpassing Solana and USDT in Market Cap
Ripple (XRP) Continues its Ascent, Surpassing Solana and USDT in Market Cap

This article will analyze the event that XRP surpassed Solana and USDT in market cap to become the 3rd largest cryptocurrency, just below BTC and ETH. We will consider the factors contributing to the recent increase in XRP price, from activities of Ripple Labs to XRP ETF news. Then, we will evaluate the sustainability of this trend and forecast XRP’s future. 1. XRP Surpassed Solana and USDT in Market Capitalization: a Significant Milestone in the Cryptocurrency Market On December 1, 2024, a notable event shook the cryptocurrency market: Ripple’s market capitalization surpassed both Solana and USDT. Source: coinmarketcap.com According to...

04.12.2024
Korean Crypto Markets Flash Crash After Martial Law Announcement
Korean Crypto Markets Flash Crash After Martial Law Announcement

By Mark Hunter 12 hours agoWed Dec 04 2024 08:39:22 Reading Time: 2 minutes South Korean crypto exchanges witnessed dramatic flash crashes in digital asset prices yesterday The instability followed the Prime Minister’s surprise announcement of martial law amid escalating political and economic tensions Bitcoin and Ethereum prices briefly plummeted by over 20% on some local platforms before partially recovering The South Korean cryptocurrency market yesterday experienced sudden turbulence following the Prime Minister’s declaration of martial law. Major digital assets like Bitcoin and Ethereum saw double-digit drops in value, with the decision sparking panic among investors, leading to liquidity shocks...

04.12.2024
Chance for Australian Crypto Businesses to Shape ASIC Guidance on Digital Asset Compliance
Chance for Australian Crypto Businesses to Shape ASIC Guidance on Digital Asset Compliance

ASIC released a consultation paper today seeking feedback on proposed changes to its Crypto Assets information sheet, which provides important guidance to crypto businesses. The existing information sheet was published in 2017 and is now largely outdated following several years of rapid progress in the crypto industry. ASIC commissioner, Alan Kirkland, said the update is intended to improve regulatory clarity, but also said perfect certainty isn’t possible. Financial regulator, the Australian Securities and Investments Commission (ASIC), has today released a consultation paper outlining proposed updates to its cryptocurrency information sheet.  The cryptocurrency information sheet, known as Crypto Assets (INO255), is...

04.12.2024
McDonald’s Just Got Some Terrible News, and Its Reaction Was Something to Watch
McDonald’s Just Got Some Terrible News, and Its Reaction Was Something to Watch

Let’s start with the bad news, which I first wrote about here in October: It came when the Centers for Disease Control announced that an E. coli outbreak at McDonald’s had claimed the life of at least one customer and sickened 75 others. Honestly, if you’re running a business, it’s hard to imagine anything worse. It’s tough enough when people’s tastes change or outside economic forces negatively affect your bottom line. But imagine a federal government agency telling the world that people who bought and consumed your product got sick or died. Pitch Perfect: How to Win Over Investors Pitch...

24.11.2024
Binance, WazirX Named in India’s $97M Crypto Tax Investigation: Report
Binance, WazirX Named in India’s $97M Crypto Tax Investigation: Report

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers...

04.12.2024
Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions
Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers...

04.12.2024
Founder of Failed Crypto Lending Platform Celsius Network Pleads Guilty to Fraud
Founder of Failed Crypto Lending Platform Celsius Network Pleads Guilty to Fraud

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the...

04.12.2024
Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission
Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission

President-elect Donald Trump has tapped Paul Atkins, an experienced financial regulator and self-proclaimed libertarian, to chair the Securities and Exchange Commission.  Trump’s choice of Atkins, which he announced on Truth Social comes two weeks after the current SEC chair, Gary Gensler, said he would step down on Jan. 20 on the last day of President Biden’s term. With this selection, Trump continues to make good on his promise to support a favorable regulatory environment for the finance and crypto industries.  “Paul is a proven leader for common sense regulations,” Trump said on Truth Social on Wednesday. “He believes in the...

04.12.2024
Solana (SOL) Price Shows Signs of Consolidation After Reaching a New All-Time High
Solana (SOL) Price Shows Signs of Consolidation After Reaching a New All-Time High

Solana (SOL) price is currently 12% below its all-time high, which was reached on November 22. Despite this recent pullback, SOL remains one of the year’s top performers, boasting an impressive 275.85% gain year-to-date. Recent technical indicators, including the BBTrend, DMI, and EMA lines, suggest the market may be entering a consolidation phase. This could set the stage for SOL to test key support and resistance levels as it seeks its next major move. SOL BBTrend Is Negative, But Far from Its Peak SOL’s BBTrend is currently at -1.43, recovering from its peak negative level of -8.34 on November 28....

04.12.2024