Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage

If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.

178 +

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan

The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

125 +

Core Scientific challenges Celsius Network’s $4.7m compensation claim

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.

78 +

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.

215 +

Greenidge Generation Completes Deployment Of 9,150 Bitcoin Miners Of Which 6,914 Will Be Hosted With Core Scientific

The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.

128 +

Bitget and Core DAO launch $200 million ecosystem fund

Bitget’s strategic partnership with Core DAO targets projects on the Core network. The collaboration includes a $200 milion fund also backed by MEXC. Core recently integrated with blockchain messaging protocol LayerZero.

156 +

MEXC, in Partnership with Core DAO, Pledges $200 Million in Funds to Boost Ecosystem Development

The Ecosystem Fund aims to support decentralized applications (DApps) built on Core Network Layer-1 blockchain while also deploying capital through incubation, investment, grants, hackathons, and educational programs.

152 +

Core Scientific And Crypto Miners Agree To Settle With Equipment Worth $20 Million

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.

206 +

Mantle Core proposes $200M EcoFund on BitDAO’s governance forum

Mantle Core has submitted a proposal for discussion on BitDAO's governance forum. The proposal seeks to establish a $200 million fund to promote Mantle's adoption. Mantle Core recently submiThe post Mantle Core proposes $200M EcoFund on BitDAO’s governance forum appeared first on AMBCrypto.

179 +

Blockstream CEO believes Bitcoin could reach $10m by 20....

Blockstream CEO and Bitcoin core developer Adam Back believes BTC could be worth $10 million by 2032.  The bold projection is based on a theory by Hal Finney which rests on mass adoption of thThe post Blockstream CEO believes Bitcoin could reach $10m by 20.... appeared first on AMBCrypto.

218 +

NYDIG agrees to settle Core Scientific’s $38.6m debt

Core Scientific Inc. has agreed to send 27,403 crypto mining rigs to the NYDIG. The NYDIG will settle a debt of $38.6 million in exchange for the rigs. Core Scientific Inc. and the New York The post NYDIG agrees to settle Core Scientific’s $38.6m debt appeared first on AMBCrypto.

196 +

MakerDAO Constitution Would Fund Sustainability Efforts With 20K MKR Tokens From Reserves, Emissions

With “scientific sustainability” as a core principle, the Maker Constitution is to play an active role in combating climate change by allocating $14 million worth of MKR tokens to its Scientific Sustainability Fund.

150 +

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.

196 +

Core Scientific to borrow millions from investment bank after court approval

Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley iThe post Core Scientific to borrow millions from investment bank after court approval appeared first on AMBCrypto.

280 +

Core Scientific agrees $70 million loan from B. Riley

Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B.

211 +

Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley

Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loan from investment bank B.

61 +

Okcoin And Paradigm Announce New Grant Awarded To Bitcoin Core Maintainer Marco Falke

The new grant, in partnership with Paradigm, will bring Okcoin’s support of Bitcoin Core development to $1.5 million.

70 +

Core Scientific to Shut Down Celsius Crypto Mining Equipment

The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month.

171 +

Crypto Community on High Alert as Bitcoin Core Developer Loses Over 200 BTC In Hack

309 +

Dogecoin (DOGE) Price Breaks out After Announcement of Developer Fund

on Dec. 31, The Dogecoin foundation announced the Dogecoin CoreFund. The foundation stated that it would allocate 5 million to improve Dogecoin core, the official wallet maintained by the foundation.

263 +

Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors

BlackRock Inc. has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The post Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors appeared first on BeInCrypto.

98 +

BlackRock comes to Core Scientific’s aid with a $17m loan 

BlackRock has promised $17 million to bankrupt Core Scientific as part of a new $75 million loan from the holders of the miner's secured convertible notes, according to a recent filing with the SEC.

88 +

BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan

BlackRock, which already was largest shareholder of the miner, also had $37.9 million secured convertible notes with Core.

160 +

Bitcoin miner Core Scientific to access $37.5 million loan

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.

173 +

Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining

Coinspeaker Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.

147 +

Core Scientific’s Lender Offers $72 Million Bailout To Embattled Miner

The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.

193 +

Uniswap sees sharp decrease in fees per core developer; is UNI in trouble

Uniswap's fees per core developer declined from $150 to $10 million The fall in UNI's price could be a reason, and the fee switch might have further impacts The "fees per developer" indicatoThe post Uniswap sees sharp decrease in fees per core developer; is UNI in trouble appeared first on AMBCrypto.

253 +

Core Scientific reveals $434 million loss in Q3

Core Scientific (NASDAQ: CORZ), a publicly traded crypto miner that’s facing increased possibility of bankruptcy, has revealed a $434 million loss for the period ending September 30, 2022. The Bitcoin miner shows in a filing with the US Securities and Exchange Commission (SEC) that its third quarter losses stood at $434,792,000 at the end of […] The post Core Scientific reveals $434 million loss in Q3 appeared first on Invezz.

230 +

Crypto Hedge Fund Arca Nearly Doubles Sales for Flagship Fund Despite LUNA Exposure

The Digital Asset Fund, which had Terra’s collapsed token as a core holding, now has $191.7 million in sales

77 +

Bitcoin Miner Core Scientific Signs 75MW Hosting Deal

Once all the ASIC servers are fully deployed, the agreement is seen generating about $50 million in annual revenue, said the company.

163 +

Wormhole Awards $10M to White-Hat Hacker in Bounty Program

Wormhole has awarded $10 million to a whitehat hacker who reported a bug in its Ethereum core bridge contract. This is part of the bounty program announced in February after losing $323 million to an exploit.

209 +

4 blockchains commit $8M to advance EOSIO code

EOS (EOS/USD), Telos, WAX and UX Network, all based on the EOSIO protocol, have pooled resources to further the development of the protocol core code, Invezz learned from a press release. The blockchains committed a combined $8 million a year for core development and outreach in 2022.

102 +

$53 million raised for Assange showed the power of DAOs

In an exclusive interview with Cointelegraph, AssangeDAO’s core members explain how a decentralized autonomous organization could obtain the release of Julian Assange.

142 +

NEAR Price Prints New All-Time High on Massive Fundraising Announcement

NEAR, a core cryptocurrency token of high-performance blockchain Near Protocol, spikes on $150 million fundraising announcement

150 +

Blocknative raises $12M to scale core transaction monitoring infrastructure

Blocknative, a builder and operator of critical infrastructure for monitoring and managing public blockchain transactions, announced today that it has raised USD $12 million in new Series A financing; bringing its total raised to more than USD $19 million.

181 +

Indexing Platform, The Graph, Taps StreamFast to be Core Protocol Developers With A $60M Grant

StreamFast, a protocol infrastructure firm building blockchain streaming solutions, is joining The Graph as a core developer following a $60 million grant from the latter. The partnership aims to boost the development of a radically different and more open decentralized internet system.

247 +

Celsius invests over $200m in Bitcoin mining in North America

Celsius, the leading global cryptocurrency yield-earning platform, announced new investments of over $200 million in mining equipment and positions in Core Scientific, a leader in customizable infrastructure...

219 +

Fed Inflation Metric Soars To Three Decade High, What It Means For Bitcoin

The U. S. Personal Consumption Expenditure (PCE) core price index has soared to its highest level since 1992, stoking inflation fears. Some say Bitcoin, with its fixed supply of 21 million tokens, will resist inflation.

260 +

Ethereum DEX SushiSwap (SUSHI) makes an ‘on-chain’ $1 million donation

Core contributors of Ethereum-based decentralized exchange (DEX) SushiSwap have donated over $1 million to charitable causes via an ‘on-chain’ method using a decentralized autonomous organization (DAO).

165 +

Alpha Tokenomics Makes Value Accrual Integral to the Usage of Core Protocols; 75% of Fees to Stakers

In the first six months, Alpha Finance accumulated $1.7 million in fees. Stakers will be paid in Alpha tokens, up 90% YTD, and get to “unlock” unique features. The post Alpha Tokenomics Makes Value Accrual Integral to the Usage of Core Protocols; 75% of Fees to Stakers first appeared on BitcoinExchangeGuide.

289 +

The Wonder Team Behind Core That is Improving Liquidity Issues in DeFi

A lot is at stake for one anonymous DeFi project that has recently raised $60 million in locked liquidity. Core’s focus with the new project, Delta Financial, is on minimizing risk inside the highly volatile world of tokenized assets.

194 +

Love & coordination at the frontier of governance: How Yearn minted $300 million

A core Yearn contributor gives the behind-the-scenes account of what may be the most consequential vote in decentralized governance history

210 +

Drag & drop DeFi strategy app Furucombo raises $1.85M in seed funding

Furucombo, a drag and drop tool built for end-users to optimize their DeFi strategy, announced today it has raised $1.85 million in seed funding. Backers include: SevenX Ventures, Defiance Capital, 1kx, Multicoin Capital, DeFi Capital, BTC12 Capital, Stani Kulechov, Ronald Yu, amongst many others Funds raised will be used to expand its core team and […] CryptoNinjas » Drag & drop DeFi strategy app Furucombo raises $1.85M in seed funding

342 +

Blockchain Bites: Bitcoin Moons, Crypto Orbits, Celebrities Struck by NFTs

Also: Paxos' $142 million Series C, Amex' FalconX investment and Core Scientific's massive ASIC purchase.

197 +

Timing Tops & Bottoms In Bitcoin: Data Suggests New Peak Is Less Than A Year Away

Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more.

204 +

Bakkt’s Bitcoin Futures Shatters Records Amid Spot Market Turmoil

Bakkt’s bitcoin core (BTC) futures product saw another all-time high as the spot market price of BTC plummeted under $7,000 on Friday morning, Nov. 22. Bakkt saw 2,728 contracts traded ($20 million) and $1.

262 +

Dogecoin Interview: Discussing Updates, Exchange Listings, and Future Plans With DOGE Core Devs

Dogecoin currently stands as the 28th largest cryptocurrency with a market cap of about $324 million. In 2019, this popular digital currency has enjoyed new listings on various exchanges, such as Binance and Binance US, and had support for it added to multiple wallets and other platforms.

342 +

CasperLabs Raises $14.5M To Help Ethereum (ETH) 2.0 Scale Without Losing Decentralization Or Speed

Blockchain Startup Casperlabs led by financier Terren Piezer who is popularly known as Zelig of Wall Street, raised $14.5 million in Series A. The CTO of Casperlabs by the name Medha Parlikar announced that these funds would be injected in product development and to hire more core technical workers including engineers, academics, and architects in […]

156 +

DASH Core Launches New Wallet Upgrade Veresion After An Attempted Spam On The Network

On August 15, Dash Core, announced it had an abnormally high number of transactions on its network with close to one million transactions on hold. The Dash development team is yet to find the exact cause of the load in the system but reports show it’s was someone outside the community development team or a […]

644 +