Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
Related Posts


European digital asset manager CoinShares’ revenue up 33% in Q2
Proprietary trading activities contributed heavily to the revenue increase. 170 Total views 2 Total shares CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, a 33% increase compared wit the prior year’s…

Turkish University Opens Blockchain Center at Boston’s Northeastern University
Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston's Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7.Apart from informational support, the BAU–NEU Blockchain Laboratory's objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey's presence in the…

Zuckerberg to Testify Before Congress Regarding Libra Stablecoin
Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding the firm’s proposed Libra stablecoin project.On Oct. 9, Congresswoman Maxine Waters officially announced that Zuckerberg will testify before Congress at a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.”Libra…

Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last. China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post…

Bitcoin weekly RSI sparks 'intermediate' $85K BTC price target
Bitcoin fields increasingly bullish market prognoses, but a trader argues that more evidence of a BTC price trend change is needed.

Bitcoin speculators panic sell at $92K in 'good time for accumulation'
Bitcoin short-term holders are potentially giving the market a classic "buy the dip" signal, new research from CryptoQuant says.

Swiss leaders plan to enforce global crypto reporting framework
Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework (CARF) to improve transparency.

Korea’s Biggest Entertainment Company to Launch Its Own Cryptocurrency
Korean pop music giant SM Entertainment revealed plans to build its own cryptocurrency and blockchain in partnership with tech organization CTIA Labs.CT-AI Labs CEO Sang-Sik Joo announced the initiative at the developer conference of South Korean crypto exchange UpBit, local IT news outlet ITChosun reported on Sept. 4.Joo noted that they are currently discussing the…