Day: January 17, 2024

Core Scientific emerges from Chapter 11 bankruptcy

Core Scientific is emerging from Chapter 11 bankruptcy and will relist its shares. After a U.S. court confirmed its reorganization plan, mining company Core Scientific announced its readiness to exit bankruptcy proceedings. Core Scientific CEO Adam Sullivan said the confirmation of the plan is a defining moment of the company. “With demand for Bitcoin and high-value compute continuing to rise, we look forward to creating value for our shareholders as we execute our growth plan, de-lever our balance sheet and deliver superior efficiency at scale.” Adam Sullivan, Core Scientific CEO…

Bitcoin ETFs surpass triple the combined daily volume of 500 ETFs launched in 2023

boss

On Jan. 16, the total volume generated by 10 spot Bitcoin ETFs surpassed the cumulative volume of all 500 ETFs launched in 2023, exceeding it by more than three times. As per data from Yahoo Finance, the 10 newly approved spot Bitcoin ETFs collectively amassed a trading volume of just above $1.8 billion on Jan. 16, with Grayscale, BlackRock, and Fidelity’s offerings leading the way contributing $1.6 billion to the overall total. This volume significantly surpassed the combined $450 million trading volume of all 500 ETFs launched in the United…

Bitcoin Backs Down: Ethereum Market Dominance Soars

boss

Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and dominance, propelled by an influx of new users and the prevailing trend of self-custody. Recent data from Santiment vividly illustrates Ethereum’s ascendancy. The platform’s price dominance, reflecting its market share in comparison to all other cryptocurrencies, has witnessed a remarkable surge of 22.4% within a mere week. Ethereum’s Remarkable Surge: Growing Community,…

XRP Price Uptrend To Continue? These Could Be The Factors To Watch

boss

XRP price is consolidating above the $0.5400 support. The price could start a fresh rally if there is a clear move above the $0.600 resistance. XRP is struggling to clear the $0.588 and $0.600 resistance levels. The price is now trading below $0.5920 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.588 and $0.600 resistance levels.…

Chiliz (CHZ), Klaytn (KLAY) Tokens Surge Over 10% on M&A Hopes, Bitcoin (BTC) Prices Listless

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…