2022-12-23 11:39 |
Bitcoin miner Core Scientific has been granted access to obtain a $37.5 million loan from its creditors. The loan is supposed to allow the mining firm to temporarily carry on operations.
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The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.
2022-11-23 05:23 | |
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Crypto lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.
2022-6-10 11:34 | |
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Lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.
2022-4-15 00:39 | |
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Lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.
2021-9-28 10:50 | |
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While MakerDAO, the decentralized loan platform, is at the core of decentralized finance, its native Maker (MKR) token has plunged against Ethereum over recent months. The post Maker (MKR) rips 80% higher over past week after extended bear market against Ethereum appeared first on CryptoSlate.
2021-1-9 20:51 | |
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Lending and borrowing is the core of world’s finance and a driving force for economies worldwide. It has entered the world of cryptocurrencies as well with a slew of platforms offering cryptocurrency backed loans.
2020-3-6 19:41 | |
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Kava Labs, the core developer of collateralized crypto loan and stablecoin platform Kava, announced this week that $1,158,500 has been allocated to its grants program for Q1 2020. Built on the Cosmos SDK, Kava’s mainnet launched back in November 2019.
2020-1-17 02:06 | |
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BlockFihttps://bitcoinmagazine. com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services.
2018-12-14 01:12 | |
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| Analogue Notcoin - TapSwap |
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees.
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.
Marathon continues to pull away from the former leader, Core Scientific.
Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector.
Core Scientific, a bankrupt Bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network.
The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.
The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices.