Core Scientific, a prominent player in Bitcoin mining, has disclosed its financial results for the first quarter of 2024, showcasing a remarkable turnaround from its previous bankruptcy. The company revealed a net income of $210.7 million, a stark contrast to the net loss of $0.4 million reported in the same period in 2023. Furthermore, total
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The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto sector. The recommendation comes amid
House Financial Services Committee Chairman Patrick McHenry has announced that new legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, is on track for a potential House floor vote by the end of May. This legislation is designed to provide much-needed clarity regarding regulatory oversight for the crypto industry, addressing
The stars appear to be aligning for Cardano (ADA) and its investors, as the cryptocurrency has recently seen a significant reversal along with a surge in trading volume. This positive development coincides with an ultra-bullish forecast made by a prominent crypto analyst. Altcoin Daily, in a recent X post, shared a peak price target of
As the crypto market experiences a sharp pullback due to recent US economic data causing concerns about stagflation, traders are on the lookout for altcoins with strong bullish momentum that could be the best crypto to buy now. Bitcoin (BTC) saw a dip back to the low $61,000s on Friday after hitting highs near $64,000.
One influential trader, Bluntz Capital, recently expressed concerns about the future of the popular Solana meme coin DogWifHat ($WIF). Despite its current price of $3.17, Bluntz believes that the coin could plummet all the way down to a dollar. In a tweet, Bluntz pointed out that the price action of WIF has been slow, overlapping,
The Voice has undoubtedly become a global sensation, captivating audiences with its unique singing competition format. Now, fans of the show have the opportunity to immerse themselves even further with the introduction of The Voice Battle Coach. This interactive game experience allows players to take on the role of celebrity coaches and guide virtual talent
When former President Donald Trump recently expressed his strong support for Bitcoin and cryptocurrencies, it marked a significant departure from his previous skepticism towards the digital assets. This sudden pivot in his stance has caught the attention of crypto enthusiasts and investors alike, sparking discussions about the potential implications of such a shift as the
The Ethereum Foundation’s recent transfer of a substantial amount of ETH has caught the attention of the crypto community. Speculations are already arising about whether this transaction could be an indication of a market top. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9), as reported by the
Despite a recent 20% weekly decline in the price of Shiba Inu (SHIB), analysts are forecasting a significant rally for the meme coin. Analysts are optimistic due to various factors such as a sharp increase in SHIB’s burn rate, enhancements to its Shibarium layer-2 platform, and other bullish signals for its future price. One example