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Core Scientific’s AI deal fuels $8.7 billion revenue forecast, shares rise
Bitcoin miner Core Scientific expects to generate roughly $8.7 billion in revenue over the next 12 years, following an expansion of its hosting agreement with CoreWeave, according to an Oct. 22 statement. The company confirmed that CoreWeave exercised its final option to secure an additional 120 megawatts (MW) of hosting capacity for its High-Performance Computing…
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Bitcoin price will benefit from rising hashrate, US inflation fears and crypto-friendly presidency
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors. Bitcoin (BTC) dropped 4.1% between Oct. 21 and Oct. 22 after facing resistance at $69,500. This correction wiped out the previous week’s gains, leading traders to question whether the $67,000 level can be reclaimed and what factors might support a price reversal.The…
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Andy Barr’s ‘Vision’ for House Financial Services
Congressman Andy Barr (R-Ky.) is one of the lawmakers running to succeed U.S. House Financial Services Committee Chair Patrick McHenry (R-N.C.) as the head of the Republican wing of the committee, which oversees regulators like the Securities and Exchange Commission and is responsible for shepherding legislation that might affect the U.S. capital markets and banking…
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Peter Todd slams HBO for putting his life in danger by calling him Bitcoin’s creator
Canadian cryptographer Peter Todd has entered hiding following the release of an HBO documentary that accuses him of being the elusive creator of Bitcoin, Satoshi Nakamoto, according to an Oct. 22 Wired report. The film, called Money Electric: The Bitcoin Mystery, aired on Oct. 9 and claimed to reveal Nakamoto’s true identity after years of…
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SEC Chair wishes Bitcoin a ‘sweet sixteen’ for white paper anniversary
In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC’s course on its “regulation by enforcement” approach to crypto. Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), has had mixed messages about cryptocurrencies since taking charge of the regulatory body in 2021.In an Oct. 22…
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Paul Tudor Jones says 'all roads lead to inflation,' long Bitcoin
The hedge fund veteran also suggests holding gold, commodities, and technology stocks. Paul Tudor Jones is longing Bitcoin (BTC) and other commodities because “all roads lead to inflation” after the United States’ November presidential election, the veteran investor told CNBC on Oct. 22. “I probably have some basket of gold, Bitcoin, commodities and NASDAQ [technology…
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Buenos Aires rolls out blockchain-based ID for 3.6M residents
Residents of the Argentine capital now have access to decentralized digital IDs on their mobile devices, powered by the scaling protocol ZKsync Era. The capital of Argentina, Buenos Aires, has announced the implementation of blockchain technology and zero-knowledge cryptography for the issuance of digital identities. According to local media reports, the government disclosed on Oct. 21…
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Bitcoin options traders say $80K is a given as Trump victory odds spike
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed. Crypto market participants are increasingly buying more Bitcoin (BTC) whenever sentiment leans toward Donald Trump’s stronger odds of winning the United States presidential election, according to crypto analysts.“There has been increasing speculation…
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Tether CEO Ardoino Says He Expects U.S. Will Catch Up in Crypto Regulation
Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he’s counting on sensible crypto regulations coming soon from the U.S. “There is no place like the U.S.,” he said via video link at DC Fintech Week in Washington.
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Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx
The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the “world’s first combined equity and debt tokenized fund.”
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