Bitcoin miner Core Scientific lost $1.7 billion in 2022, saw bankruptcy risks

    Core Scientific, the largest US mining company in terms of computing power, revealed its loss for the first nine months of the year reached over $1.7 billion. The firm posts a $435 million loss in Q3 amid bankruptcy looms.   The Texas-based Bitcoin mining company is one of the hardest hit miners, with low Bitcoin…

    Crypto derivatives traders expect Ethereum staking yields to double to 8% after the Merge

    In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem. Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…

    Crypto is trying out traditional finance’s failures in hyperspeed, but it’s going to be fine

    What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times — writes George Kaloudis on CoinDesk. The last time I wrote about a stablecoin, it failed spectacularly. So when a colleague of mine suggested I write about MakerDAO’s proposal to invest in US Treasurys…

    Bitcoiners were right: Weaponized finance just created a post-dollar planet

    A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility, writes David Z. Morris, CoinDesk’s Chief Insights Columnist. Vladimir Putin’s Russia is facing a wave of truly unprecedented financial sanctions in retaliation for its widely scorned invasion of Ukraine. The sanctions have…

    The Dubai-based Dexorca Exchange hosts the Arab Blockchain Summit this May

    Dexorca Exchange, the world’s first hybrid, decentralized exchange, will hold the 1st Arab Blockchain Summit (ABS) on May 28 at Burj Khalifa, Dubai. The event will host the programs such as networking, technology MOUs, and conferences in the related industries that reflect the needs of the Middle East virtual assets market, which has recently grown…

    Lamborghini to launch a limited NFT collection linked to space

    Luxury automobile manufacturer Lamborghini is launching an NFT collection that’s out of this world. The initiative is a set of digital space keys. Five digital artwork NFTs have been made by a yet-to-be-disclosed artist. The Italian marque Lamborghini is renowned for its supercars such as the Huracán and Aventador. Still, now it wants to expand…