Core Scientific, a prominent Bitcoin mining company based in Texas, recently announced an upsized offering of $400 million in convertible senior notes due in 2029. Originally set at $350 million, the increase in offering size was attributed to favorable market conditions. The notes, scheduled to settle on August 19, 2024, will be issued privately to
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Bitcoin, the pioneer cryptocurrency, has been trading below the $20,000 range for nearly two years now. While some may believe that Bitcoin will never reach this level again, a prominent analyst suggests otherwise. In a recent analysis on the TradingView platform, the analyst known as “Without Worries” discussed the possibility of Bitcoin crashing back to
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed in February 2022 that the project was “on track” for an April 2023 launch and that it was
In the midst of the largest downturn of the market cycle, investor sentiment in the digital asset market remains uncertain. Glassnode’s analysis points towards clear signs of a resurgence in HODLing and accumulation among investors. Despite the volatility in the market, there seems to be a growing inclination towards holding onto assets rather than selling.
Bitcoin’s price has seen a significant increase, climbing nearly $2,000 in just a day after the release of better-than-expected core PPI numbers in the United States. This surge comes on the heels of a positive end to the previous business week, where Bitcoin reached almost $63,000 on Friday. This rebound marked a recovery of over
Samuel Edyme, known by his nickname HIM-buktu, is a multi-talented individual who has made a name for himself in the world of cryptocurrency. As a web3 content writer, journalist, and aspiring trader, Edyme has proven himself to be a force to be reckoned with in the industry. His journey into the world of crypto was
Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a significant breakout and potentially soar to $4,723. Marks pointed to the presence of bull divergences as a key indicator for this parabolic rally, emphasizing the potential for a 75% increase in price. Additionally, Marks indicated that
Peter Brandt, a veteran crypto analyst, recently identified an inverted or expanding triangle pattern in Bitcoin’s price chart. This technical pattern formation has raised questions and sparked discussions within the crypto community. Let’s delve deeper into Brandt’s analysis and assess the implications of this pattern on Bitcoin’s price trajectory. Brandt highlighted the unique pattern formation
Coinbase recently submitted a comment letter to the US Securities and Exchange Commission (SEC), where it highlighted significant flaws in the agency’s cost-benefit analysis of the proposed rule. The crypto exchange argued that the SEC has not adequately evaluated the rule’s economic impact on efficiency, competition, and capital formation. Despite recognizing a lack of crucial
The current state of the market has left many new Bitcoin investors feeling the pressure of potential financial losses. Various metrics point towards a bearish environment, highlighting factors that can contribute to market volatility, increased selling pressure, and further price declines. One key metric, the Short-Term Holder MVRV ratio, exposes the harsh reality faced by