Bitcoin miners face bankruptcy as debt collectors come knocking

Core Scientific (NASDAQ:CORZ) is one of the world’s largest crypto miners. They may soon also become the world’s largest Bitcoin miner to file for bankruptcy. Core Scientific went public last year at a $4.3B valuation — trading as high as $15. Yesterday’s closing price: $0.20 (down 98%). They’ve got 24 Bitcoins (~$500K) and $26M left…

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Coinbase inks partnership with the world’s largest money manager

Yesterday, Coinbase (NASDAQ:COIN) announced a partnership with the world’s largest money manager BlackRock — which will let BlackRock clients manage and trade Bitcoin through Coinbase. $COIN jumped 10% from the news — following a major 79% rally since July alongside crypto prices. But before investors chase the rally thinking Coinbase has bottomed, there are a…

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Silvergate stock maintains growth despite a weak crypto market

Silvergate Capital (NYSE:SI) — the bank for crypto — jumped 22% after reporting strong earnings. What’s the big deal? Despite bankruptcies and weak crypto prices, Silvergate stayed strong in 2022. Unlike exchange Coinbase — whose earnings rapidly deteriorated during the crypto crash — Silvergate doesn’t directly rely on retail trading activity. Silvergate provides banking services…

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Voyager Digital falls victim to crypto collapse, analysts downgrade its stock

The past few weeks have been all about crypto blowups — First Terra Luna, then Celsius, followed by Three Arrows Capital (3AC). This week, another company is in the hot seat. Toronto-based crypto brokerage Voyager Digital (TSE:VOYG) fell over 50% after revealing a ~$650M loan to 3AC — which Voyager might not get back. Crypto…

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Coinbase’s NFT marketplace flops; what investors can expect going into earnings

Coinbase doesn’t deserve an exclamation point on its birthday — not after the horrid returns it delivered since going public. Next week on May 10, Coinbase is expected to report its first-quarter earnings report. Here’s what investors can expect. Coinbase’s NFT marketplace flops At a conference this week, the CEO of Coinbase, Brian Armstrong, gave…

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Binance.US signals incoming IPO with funding round

Bleeding Robinhood isn’t going to like this news. Binance.US — a sibling company of Binance.com (international) — raised a major funding round, accelerating its US growth with plans to go public: Raised $200M at a valuation of $4.5B. Targeting an IPO within 2-3 years. Plans for new products and services. But don’t mistake Binance.US for…

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Digging into the numbers behind Coinbase’s QR code ad

The Rams won the Super Bowl this year — but the real champion might be Coinbase (NASDAQ:COIN) with its ingenious 60-second ad of a bouncing QR code — which took down its app and led to a 309% jump in app installs. The numbers behind the ad: Let’s analyze the returns behind CB’s Super Bowl…

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Silvergate took a big bet on crypto and it paid off

Yesterday, we glossed over an interesting company while discussing stablecoins (check it out here if you missed it) — so we decided to take a closer look. You can take big risks when you’ve got nothing to lose. While major banks stayed away, Silvergate Capital (NYSE:SI) took a chance on crypto in 2013… The bet…

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Coinbase expands into derivatives market with FairX acquisition

When crypto goes up, Coinbase goes up. And when it goes down, Coinbase goes down. So goes the fate of the biggest crypto exchange — which is closely tied to Bitcoin. And where do they stand? Both are down nearly 30% since April. Coinbase in the shadows of Binance Coinbase may be the largest exchange…

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The lawsuit every crypto investor Is watching…

Ripple, the creator of XRP ($XRP), couldn’t get Saul for the biggest case of their life — but they do have crypto enthusiasts backing them up. The fate of XRP, the 7th largest crypto, rests on the outcome of a lawsuit by the securities exchange commission (SEC) — and investors are expecting big moves. Is…

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