Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor that is hoping the firm can avoid bankruptcy. Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — a gain of 198%. A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView According to… Source link

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — representing a gain of 198%. A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView According… Source link

This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. Evolutionary psychologists believe that the ability to “preserve wealth” gave modern humans the decisive edge in evolutionary competition with other humans. Nick Szabo wrote an interesting anecdote about how in his essay “Shelling Out: The Origins of Money.” When homosapiens displaced homo neanderthalensis in Europe circa 40,000 to 35,000 B.C., population… Source link

Bitcoin price endures a steep profit-taking frenzy. Ethereum price is testing lower levels of support after a 7% rally on the week.  XRP price is down 8% on the month and 55% on the year.  The crypto market has early bulls in the market taking a profit. Despite this fact, there is a possibility for more upside. Key levels have been defined to determine the top 3 crypto’s next potential move. Bitcoin price retests resistance  Bitcoin price is undergoing a steep profit-taking… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility of a bear market rally akin to the July through August 2022 uptrend. The market enters a state of limbo The FTX implosion impacted over 5 million users globally and adversely affected numerous crypto companies that were exposed to it. The industry is currently in… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Just recently, the crypto community discovered a bitcointalk.org forum user who signed a message from bitcoin block 1,018, and the signer associated the signature with an address first seen in 2022. Moreover, further investigation and evidence have tied block 1,018 to the now-deceased computer scientist Hal Finney’s bitcoin transactions. Two days ago, another signature and message associated with an old bitcoin address were published, and this time around it was revealed by the… Source link

Former Goldman Sachs executive Raoul Pal says gold, stocks and Ethereum (ETH) are all showing patterns signaling big rallies are coming. The macro guru tells his 991,200 Twitter followers that the precious metal is forming an inverse head and shoulders (H&S) chart, indicating an imminent upward swing. “Lots of interesting market structures here, not only in crypto. Gold is close to a big inverse [head and shoulders].” Source: Raoul Pal/Twitter Next, Pal focuses on the Nasdaq… Source link

Ethereum (ETH) is now coming to PayPal users thanks to a new partnership. PayPal has been dipping its toes steadily into the crypto waters and already offers crypto buying, selling, and holding to its customers. With another development, the company is now making it possible for users to purchase ETH directly, as well as transact on the Ethereum blockchain. In a Wednesday announcement, Metamask revealed that PayPal users will soon be able to purchase Ethereum directly using the online… Source link