Author: NBTC
Core Scientific Inc., a significant player in the Bitcoin (BTC) mining industry, has rejected an unsolicited $1 billion takeover offer from artificial intelligence (AI) startup CoreWeave Inc. as more and more companies scamper to latch onto the crypto bandwagon. Core Scientific rejects takeover bid Core Scientific, one of North America’s largest owners and operators of high-powered digital infrastructure for Bitcoin mining and hosting services, received an unsolicited non-binding proposal from CoreWeave to acquire all of its outstanding shares on a fully diluted basis for $5.75 per share in cash. The proposal, valuing Core Scientific at $5.75 per share, was made…
A wallet affiliated with bankrupt exchange FTX has been spotted migrating crypto funds to a new destination, largely the platform’s native token, FTX. Lookonchain, a crypto surveillance account on X, called attention to this latest move from FTX in an update. 6 hours ago, FTX: FTT Treasury transferred all assets to a new wallet, including:195.87M $FTT($246.8M)1,938 $ETH($5.94M)6.36M $JOE($3.25M)Address:0x2a4F8d77bAde18256b1BDB3cF8782645037f60d3 pic.twitter.com/vJXmYsC2Ek — Lookonchain (@lookonchain) April 19, 2024 Per the revelation, FTX’s treasury wallet transferred all assets to a new wallet in multiple transactions within the last 24 hours. Of the moving tokens, FTT wields the most staggering dollar sum. Specifically, the wallet…
Bitcoin spot selling on exchanges weighed on prices with a built up of short derivatives positions around the $72,000 level, one observer noted. Soft U.S. economic data, rate cuts could foreshadow dovish a Fed meeting next week. Bitcoin (BTC) is increasingly compressed in a narrow range as the latest effort to rally past $72,000 stalled Thursday. BTC rallied to $71,700 earlier during the day following the European Central Bank (ECB)’s rate cut, but quickly tumbled nearly dipping below $70,000 before bouncing to $70,600 at press time, down about 1% over the past 24 hours, CoinDesk’s Bitcoin index data shows. Well-followed…
SUI recently announced the release of its on-chain staking feature on Crypto.com. The announcement was made via an official post on Crypto.com’s website. With staking, Crypto.com secures the token’s blockchain technology while putting idle assets to work. The platform provides users with a chance to earn up to 4% in token rewards. Besides this, the exchange allows the flexibility of unstaking staked assets at any time conveniently and securely. The official post listed the tokens from different blockchains available for staking. According to the latest Crypto.com review, the list includes: SUI (Sui) KAVA (Kava) MINA (Mina) SEI (Sei) KSM (Kusama)…
Disgraced FTX founder Sam Bankman-Fried and perpetrator of the 2022 Mango Markets exploit Avraham Eisenberg are once again sharing the same prison. It’s unclear at this stage if the two are ‘bunk buddies.’ Prison records show that Bankman-Fried was returned to the Metropolitan Detention Center (MDC) in Brooklyn on June 4. He was previously held here before being transferred to the Federal Transfer Center in Oklahoma City on May 23. He was then moved to a prison in Pennsylvania on his way back to New York. Meanwhile, Eisenberg was moved to the MDC in November while awaiting trial and so…
Bloomberg reports that a Spanish court granted Bitcoin Cash proponent Roger Ver bail. Roger Ver still faces extradition to the US for fraud tax evasion charges. Bitcoin Cash is up 2% since Ver’s release. Bitcoin Cash (BCH) saw a 2% gain on Thursday following proponent Roger Ver’s bail from a Spanish prison, according to a Bloomberg report. Bitcoin Cash gains strength following Roger Ver’s release Roger Ver, popularly known as Bitcoin Jesus, was reported to have been granted bail from a Spanish prison on Thursday, according to Bloomberg. Although released on bail, Ver still faces extradition to the US on…
Jeremy Allaire, CEO of Circle, recently discussed USDC’s operations and the growing importance of stablecoins within the global economy. “We’re now seeing essentially stablecoin rules coming into place all around the world. And alongside that, that’s enabling us to really expand the market infrastructure that supports USDC,” Allaire said during a fireside chat at Token2049 in Dubai on April 19. In 2024, regulators worldwide moved to create a regulated environment for stablecoins. While the U.S. saw politicians calling for outright bans, authorities in the EU seemed eager to regular the asset class. According to Allaire, such regulatory frameworks have been…
US exchange-traded funds (ETFs) that invest directly in Bitcoin (BTC) have seen net inflows for a record-breaking 18 consecutive days, contributing to the alpha crypto’s nudge toward a new all-time high (ATH). According to data compiled by Bloomberg, net subscriptions for the group of nearly a dozen products reached $15.6 billion through Thursday since their launch on January 11, bringing total assets to $62.3 billion. Bloomberg reports that the Bitcoin funds offered by major players like BlackRock Inc. and Fidelity Investments have emerged as some of the most successful debuts in the ETF sector’s history. The report also claims that…
Michael Saylor has made a lot of predictions during his career. And because he became a billionaire in the process, many assume that his forecasts are generally accurate. For example, Bitcoiners applauded his support for — and multi-billion dollar purchases of — bitcoin. He invested at the right times and prices and has earned billions in profit. So when Saylor decided to place a bet on the future of Ethereum, millions listened. Unfortunately, Saylor got all of his predictions about Ethereum totally wrong. First, he predicted that the SEC would classify Ethereum as an unregistered security. At his corporate conference…
The Qtum Foundation recently announced the deployment of 10,000 GPUs to support its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to AI operations. Miguel PALENCIA, Qtum’s Chief Operating Officer and Co-Founder, in discussing Qtum’s vision for AI and blockchain integration, underscores the transformative potential of AI, drawing parallels with past disruptive technologies such as the internet and cryptocurrency. However, he also acknowledges the ethical considerations surrounding AI development and the importance of adopting open-source and decentralized approaches to mitigate risks. Qtum Quantum AI initiatives are poised to revolutionize…