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Core Scientific Posts $210.7M Profit in Q1 2024, Boosted by Bitcoin Mining Surge
9.5.2024
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services....
Core Scientific Records $211 Million Net Income in Q1 2024
9.5.2024
Core Scientific reports a turnaround with a net income of $211 million in the first quarter of 2024, marking a recovery from last year's financial losses with 2,825 self-mined Bitcoin.
The post Core Scientific Records $211 Million Net Income in Q1 2024 appeared first on Cryptonews
Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy
8.5.2024
Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year
Runes and BRC-20s are just a stepping stone for Bitcoin DeFi
6.5.2024
Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi
Tascha Punyaneramitdee, Founder of INIT Capital, on DeFi, Liquidity Hook Money Markets, Point Farming in Crypto, and 2024 Trends | Ep. 331
3.5.2024
Tascha Punyaneramitdee, the Core Contributor and Founder of INIT Capital, discusses liquidity hooks and their benefits for users and businesses alike, what protocols must do to ensure they have a long-standing product, the pros and cons of the popular point farming, and her thoughts on DePIN...
Bitcoin miner Riot Platforms reports record $211M Q1 net income
2.5.2024
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine
Jameson Lopp’s Bitcoin Testnet ‘Griefing’ Stirs Controversy
30.4.2024
Jameson Lopp, a prominent figure in the Bitcoin community, deliberately “griefed” one of Bitcoin’s testnets by generating three years’ worth of blocks in a single week to highlight a vulnerability, sparking outrage among fellow Bitcoin developers. Using just 20 lines of code...
Avalanche integrates with Stripe for fiat-to-crypto onboarding
29.4.2024
Avalanche C-Chain users can now buy AVAX directly within Web3 apps, using a widget supplied by Stripe
Altcoins stealing the show: KangaMoon announces new partnership, why are core and stacks surging?
29.4.2024
Recently, altcoins have emerged as the main topic of discussion in the crypto market. Among them, KangaMoon (KANG), Core (CORE) and Stacks (STX) are gaining traction. For example, KangaMoon announced a major new partnership while CORE and STX soared on the price charts. Analysts hint that KANG,...
Bitcoin’s range-bound action puts eyes on NEAR, AR, CORE and BONK
29.4.2024
Bitcoin's range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK
Bitcoin Price Chops Either Side of $64,000 Following Latest US Inflation Report – Here’s What You Need To Know
26.4.2024
The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in wake of latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations.
The post Bitcoin Price Chops Either Side of $64,000 Following Latest US Inflation...
Bitcoin Core Developer Claims Runes Protocol Exploits Bitcoin Blockchain’s Design Flaw
26.4.2024
Bitcoin core developer Luke Dashjr has voiced criticism against the Runes protocol, suggesting that it takes advantage of a fundamental design flaw within the Bitcoin blockchain network.
The post Bitcoin Core Developer Claims Runes Protocol Exploits Bitcoin Blockchain’s Design Flaw appeared...
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
Cardano Founder Charles Hoskinson Reiterates Core Purpose of Cryptocurrency – Here’s What You Need to Know
25.4.2024
In a heartfelt article shared on X on April 25, Charles Hoskinson, the founder and CEO of Cardano Blockchain, reminded the cryptocurrency world of the real motivation and ideology of digital currencies. He made it clear that their application goes well beyond trade.
The post Cardano Founder Charles...
Will Bitcoin’s New BIP Editors Streamline Development?
23.4.2024
Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
16.4.2024
With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s...
Bitcoin Miners Must Optimize to Survive
16.4.2024
Best Crypto to Buy Now April 15 – CORE, NEO, PENDLE
15.4.2024
With cryptocurrency markets are choppy on Monday as traders weigh potentially easing geopolitical risks in the Middle East against another stronger-than-expected US economic data release, which has pushed traders further downsize bets on near-term rate cuts from the US Federal Reserve, crypto...
ICB Network Layer-1 Blockchain Premiere: Pioneering Innovations, Strategic Partnerships, and Advancements
13.4.2024
ICB Network, launched on April 1, 2024, is an innovative Layer-1 Blockchain project. It has established novel benchmarks for efficiency, security, and scalability across the blockchain ecosystem. Implementing the Proof of Stake (PoS) consensus mechanism is at the core of the platform’s...