CryptoCrunchApp

Bitcoin Miner Core Scientific to Exit Bankruptcy in Jan 2024

Post author By BitcoinNewsCom
Post date 3Y

In recent Core Scientific news, the prominent Bitcoin miner firm has officially confirmed that it will successfully emerge from bankruptcy proceedings in January 2024.

The firm filed for bankruptcy in December 2022 during harsh digital asset industry turbulence.

According to the announcement shared on Thursday, Core Scientific stated that it reached an in-principle agreement with shareholders that revolves around the distribution of convertible notes and stock by mid-January 2024. Further, the firm has plans to re-list on Nasdaq in the near future.

“The global settlement removes key hurdles to our anticipated emergence from Chapter 11 in January,” said Adam Sullivan, Core…

A Crypto Enthusiast’s Journey Through Market Fluctuations

Post author By cryptocrunchtrends
Post date 3Y

The Clock is Ticking for #Bitcoin ETF Approval

Post author By cryptocrunchapp
Post date 3Y

In the high-stakes arena of cryptocurrency, several investment heavyweights are on the cusp of potentially changing the investment landscape forever with the introduction of Bitcoin ETFs. These instruments promise to demystify Bitcoin investments, offering a traditional structure for those intrigued by digital currencies but wary of the complex and unregulated nature of typical crypto assets.

ARK Invest and 21shares have deadlines looming in January 2024, potentially leading the charge in this revolutionary shift. Close on their heels, BlackRock and Bitwise aim for March 2024, a month that is shaping up to be a watershed for Bitcoin ETF ambitions. Fidelity Investments, synonymous with trust and stability, is also in the mix, suggesting a new era of cryptocurrency integration into conventional portfolios.

As spring blossoms in April 2024, Valkyrie and Global X will have their strategies tested. By the end of May 2024, Hashdex and Franklin Templeton will conclude this period of anticipation. The outcomes of these deadlines will not just influence the future of these companies but could also signal a new epoch for cryptocurrency, possibly catapulting Bitcoin into the mainstream investment world.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Check Out the Top Crypto Gainers of the Day

Post author By cryptocrunchstats
Post date 3Y

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

The music industry could learn a few lessons from blockchain

Post author By Blockworks
Post date 3Y

I spent twenty years building digital music applications and businesses, most recently Beats Music and Apple Music, previously with Yahoo!, Winamp, Topspin and Beastie Boys.

Today, I work at Ledger and espouse the utility of crypto instead, so I’m often asked the question, “What about music on the blockchain?”

“Meh,” is my standard response.

I don’t see the innovation or consumer need in asking people to buy digital music NFTs like they bought CDs, or trying to shoehorn digital ownership into streaming services meant to compete with Spotify. Listening to music on the internet is a solved problem, and music listeners don’t need the help of a blockchain to hear what…

What happened in Congress in 2023: Mid-session update

Post author By Blockworks
Post date 3Y

2023 may be coming to a close, but this session of Congress is only halfway through.

Here is the progress lawmakers have made on crypto legislation over the past 12 months and what we should keep an eye out for in 2024.

Sens. Lummis and Gillibrand reintroduce their Responsible Financial Innovation Act

After months of delays, Sens. Cynthia Lummis, R-Wyom., and Kristen Gillibrand, D-N.Y., finally brought their revamped Responsible Financial Innovation Act to the Senate floor once again in July.

The new version of the bill is “landmark legislation to create a federal regulatory framework that allows crypto businesses and investors to prosper here in America while protecting…

LATEST: Hong Kong Embraces Financial Innovation with Spot Cryptocurrency ETFs

Post author By cryptocrunchnews
Post date 3Y

Hong Kong’s financial sector takes a giant leap by preparing to introduce spot cryptocurrency Exchange-Traded Funds (ETFs). The Securities and Futures Commission (SFC), in collaboration with the Hong Kong Monetary Authority, is now open for applications to bring this game-changing innovation to life. This bold move sets Hong Kong apart from China’s crypto crackdown, as the SFC lays down clear guidelines for investing in virtual assets, emphasizing licensed platforms. As part of its grand plan to become the ultimate crypto-friendly hub, Hong Kong is rolling out a retail crypto trading licensing system.

Inscriptions craze proves stark contrast between Ethereum rollups

Post author By Blockworks
Post date 3Y

The advent of zero-knowledge proof-based Ethereum rollups represents a significant advance in blockchain scalability and efficiency.

Over the past week, their ability to handle a spike in transaction volumes was put to the test with the fad-like phenomenon of inscriptions hitting various EVM-based networks in sequence.

One aspect unique to zk-rollups, such as zkSync, StarkNet and Polygon’s zkEVM, is their ability to amortize the cost of generating validity proofs across many transactions. Therefore, unlike many blockchains, they actually get cheaper to use as they scale.

Read more: Zero-knowledge rollups get cheaper with scale

Inscriptions refer to various forms of data, typically…

BitMex Founder Dumps ‘Sam Coin POS’ For ‘Archangel Vitalik’ Ethereum: Here’s Why

Post author By Benzinga
Post date 3Y

Arthur Hayes, the enigmatic co-founder of BitMEX, raised eyebrows when he announced a shakeup of his portfolio.

What Happened: Hayes, a self-proclaimed crypto oracle, declared that he had dumped Solana SOL/USD — which he referred to as that “Sam coin POS.” Instead, he’s embracing the “Archangel Vitalik,” referring to Ethereum’s ETH/USD co-founder Vitalik Buterin.

A bold prediction accompanied this pronouncement: Ethereum will hit $5,000.

Also Read: Memecoin Madness: Solana Degen Turns $92 Into $1.5M In 16 Days Trading Silly Token, Can You Repeat This Dream?

Why It Matters: Hayes’ move is a noteworthy one, considering his previous enthusiasm for Solana.

Just over a month ago, he admitted…

Ocean Adds Block Template Selection Option

Post author By BitcoinMagazine
Post date 3Y

OCEAN Mining has released an update to their pool software allowing miners to individually choose between a set of different block templates to mine on. Miners can choose between these three templates at this time:

The default OCEAN Knots template, which filters out any inscription transaction, as well as places an additional OP_RETURN limitation of a maximum of 42 bytes on transactions using OP_RETURN. Bitcoin Core patched with the Ordisrespector update, filtering out inscription transactions. The default Bitcoin Core template which implements no additional transaction filters at all.

This new option is a stepping stone towards their ultimate goal of enabling Stratum v2 in order to…