Core Scientific trades debt for equity, reduces $260M debt load
Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029.
Related Posts
OpenSea advanced NFT marketplace sparks mixed community reactions
A community member believes that the move will enhance user experience in the space, while another thinks that OpenSea “failed to rock the boat.” 353 Total views 24 Total shares Own this piece of history Collect this article as an NFTIn another attempt to win back its users from its budding nonfungible token (NFT) marketplace…
Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset
Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt (kW) photovoltaic system that will utilize a blockchain-based data management and settlement system.Per a press release shared with Cointelegraph on Jan. 13, Power Ledger purchased the system from Perdaman Advanced Energy, an Australian firm that provides clean energy consulting and project development. The new…
Municipal Crypto Spreading Around the World, From California to Dubai
States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods while helping governments to fund projects. Campbell Harvey from Duke University told Cointelegraph that municipal cryptocurrencies could…
FTX smashes crypto funding record with $900m raise to become exchange decacorn
The crypto derivatives exchange has seen its valuation soar over the past year, reflecting the rapid growth of digital assets over the same period. 788 Total views 5 Total shares FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging…
Dash Investment Foundation Buying Gold as Part of Rebalancing Strategy
Dash Investment Foundation has launched a Dash-to-gold rebalancing strategy in order to grow its gold and Dash reserves, while reducing volatility. 2702 Total views 56 Total shares The Dash Investment Foundation (DIF), which claims to be the first ownerless and memberless investment fund in the world, recently bought its first shipment of physical gold.This move,…
Sustainability: What do DAOs need to succeed in the long run?
The rising popularity of decentralized autonomous organizations (DAO) reflects the growing tendency toward the creation of community-focused projects within the Web3 ecosystem. At its core, a DAO is an organizational structure that allows decentralized decision-making within a community. Currently, there are over 4,000 of these projects in existence, according to the registration data of DeepDAO. With…
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumbling crypto prices also equate to diminishing profits for Bitcoin miners and this week’s regulatory action by the United…
Chinese Government Supports Development of ‘Blockchain City’ in Malaysia
The Chinese government is purportedly supporting the construction of a "blockchain city" in the critical shipping lane of the Malaysian Malacca Strait. The development was announced in a press release shared with Cointelegraph on April 26.Construction and engineering company China Wuyi and investment network SWT International Sdn Bhd have jointly launched the Chinese government-backed project…