© Reuters. Positive Sentiment Expected to Persist in Monero (XMR) as Prices Surge by 0.94% The bull run in the Monero market is expected to continue, according to technical indicators Bulls in XMR need to keep pushing prices higher to maintain the current uptrend The intraday peak of $147.91 presents resistance for the bulls Bulls gained control of the Monero (XMR) market after establishing support around $144.24, driving prices higher throughout the day. As of press time, the bulls had… Source link

Source: TradingView The Ethereum price has risen by 0.5% in the last 24 hours, slightly exceeding the wider cryptocurrency market’s increase over the same period. At $1,215.91, its current price represents a 7.5% drop in a week and 6% gain in a month, with these movements coming at a time of ongoing instability for the market, which continues to be plagued by rising interest rates and fears surrounding the financial health of… Source link

Just days after creditors offered to help Core Scientific — a Bitcoin (BTC) mining company — avoid possible bankruptcy, reports emerged confirming the business’ inevitable fate. Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices. On Dec. 14, Financial services platform B. Riley offered to finance Core Scientific with $72 million — $42 million with zero contingencies and $32 million with conditions — to retain the… Source link

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However, that strategy had a “questionable impact” on driving outcomes for BIT. “The most performant DAOs (Lido, Aave, Uni) have been centered on underlying core products that have large addressable markets and longevity,” the proposal stated, calling for higher priorities on “core products” related to BitDAO instead. Source link

Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company’s finances. The move follows a year of plunging cryptocurrency prices and rising energy prices. Core Scientific mines for proof-of-work cryptocurrencies like bitcoin. The process… Source link

Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company’s finances. The move follows a year of plunging cryptocurrency prices and rising energy prices. Core Scientific mines for proof-of-work cryptocurrencies like bitcoin. The process… Source link

This is an opinion editorial by Hector Alvero, a Bitcoin educator who serves as co-host of the Broward County Bitcoiners meetup. For most of us, walking the path of our individual Bitcoin journey has changed us in profound ways. We look more toward the future by improving our health, creating closer connections with those we care about (or reconnecting with them), and engaging in activities that represent our Bitcoin values. If you are looking for an activity that embodies these values in a… Source link

Litecoin maintained healthy transaction growth despite bearish performance. However, its low weighted sentiment was evidence of the fact that LTC may not have a strong recovery. On 19 December, the Litecoin Foundation announced that it processed over one million transactions within the last 10 days. This meant that the blockchain had processed a total of 138 million transactions, which was an important milestone. The Litecoin network just processed it’s 138 millionth… Source link

Bloomberg’s lead commodity strategist Mike McGlone says that Ethereum (ETH) is gearing up to outperform Bitcoin (BTC). The closely followed analyst says that despite rough waters for nearly all risk assets, Ethereum’s performance against Bitcoin (ETH/BTC) remains in a strong uptrend on the back of mainstream adoption. “Bitcoin crosses series; Ethereum may a be top candidate to continue outperforming the firstborn crypto –Ethereum’s advances vs. Bitcoin have been unshaken… Source link