Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy

One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific

Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023

Matter Labs, the team behind the Ethereum layer two (Die Kryptowährungsbörse Coinbase kündigte an, dass die Plattform nun Cardano-Staking-Dienste ermöglichen wird) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept calledOpportunityin the first quarter of 2023. The team says that the prototype of

Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low

Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000-naira banknotes, the governor of the Central Bank of Nigeria (CBN) hat gesagt. The announcement has since resulted in the naira’s parallel market exchange rate versus the U.S. Dollar…

Xbox Boss Phil Spencer Calls Today’s Metaverse a ‘Poorly Built Video Game’

Phil Spencer, CEO of gaming at Microsoft and head of Xbox, directed some criticism at the idea of the metaverse and how it is being executed. Spencer remarked that for him, the current metaverse is apoorly built video game,” Aber…

Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets

According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kongs family offices and high-net-worth individuals have invested in digital assets. Reports suggest the info shows the crypto market downturn has not diminished

Mad Money’s Jim Cramer Apologizes for Being Wrong About Facebook Parent Meta After Stock Plunges

Der Gastgeber von Mad Money, Jim Cramer, has apologized to investors for being wrong about Facebook parent Meta Platforms after its stock plunged to a record low. “I made a mistake here. I was wrong,” he said emotionally after stating previously

Crypto Firm Freeway Updates Community, Says Trading Strategy ‘Failed’ and ‘Caused a Substantial Loss’

Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was protecting the firm’s portfolio from “market fluctuations and volatility.” Two days later, the team updated the community and explained on Tuesday

Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules

Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares

Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’

Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. ist “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course

Crypto Payments Firm Bitpay Adds MATIC Support, Panini America to Accept Polygon Payments

Bitcoin and crypto payment services provider Bitpay has announced that the company now supports the Polygon (MATIK) Netzwerk. According to the firm, Bitpay app users will be able to store, handeln, and spend MATIC later this week, and the collectibles company