Carbon Neutral Hosting Provider To List On Nasdaq Through Merger

Carbon neutral hosting provider Core Scientific announced it will be listing on the Nasdaq soon through a merger agreement with XPDI. Core Scientific, a carbon-neutral provider of bitcoin mining hosting and infrastructure, announced it has entered a merger agreement with publicly traded acquisition company Power & Digital Infrastructure Acquisition Corp (XPDI). “We are very pleased to support Core Scientific’s transition to the public markets and believe that [Core Scientific’s] vertical integration will provide a competitive advantage in the industry,” said Ted Brombach, chairman of XPDI, in the announcement. The merger…

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Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty

On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to obtain assets for a lower price. However, data from Tradingview’s technicals show bitcoin is still in the “sell” range, while bitcoin market oscillators are more “neutral.” CFGI Sentiment Metric Reaches ‘Extreme Fear’ The price of…

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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

“I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number,” said the Tesla CEO. Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at “The ₿ Word” — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square…

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Altcoins secure double-digit gains after Bitcoin surges toward $33K

TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market. Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies. Top 7 coins with the highest 24-hour price…

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An In-Depth Review Of El Salvador

In this episode of “Fed Watch,” the hosts went in depth on El Salvador and the potential benefits of its bitcoin adoption. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast BitcoinTV In this episode of Bitcoin Magazine’s “Fed Watch” podcast, we, your hosts Christian Keroles and Ansel Lindner, discussed my recent article “How Bitcoin Will Impact El Salvador’s Geopolitics.” You will hear a bullish, yet realistic, perspective on El Salvador and learn how bitcoin can affect countries as they adopt it as a legal…

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Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report

According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s bond because he allegedly tried to access the crypto exchange Coinbase. Report Says Virgil Griffith Violated His Bond Terms At the end of November 2019, the United States Attorney’s Office for the Southern District of New York (SDNY) arrested the former Ethereum Foundation member Virgil Griffith for allegedly…

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Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight. Bitcoin (BTC) is leading the recovery in crypto markets today after the price rallied back above the $32,000 level. Sam Trabucco, a quantitative trader at Alameda Research, said the firm had purchased the dip in Bitcoin on July 20.  Trabucco said the sharp recovery in equity markets, fewer long liquidations in the crypto derivatives market and the possible end of FUD caused due to China…

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Testing interest in NFTs vs. physical collectibles with Apple founder’s 50-year-old job application

The NFT features writing from a teenage Steve Jobs years before he helped found Apple Computers. A crypto entrepreneur is planning to gauge whether interest in a collectible from deceased Apple co-founder and CEO Steve Jobs is directed more towards the digital space or the physical world. In an announcement today, Winthorpe Ventures’ Olly Joshi said software company Snoofa would be auctioning off a 1973 job application from Jobs before he joined video game company Atari as a technician. At the same time, digital marketplace Rarible will be auctioning a…

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Elon Musk Discusses Merits Of Bitcoin, Reveals SpaceX Holds BTC

Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood. Billionaire Tesla CEO Elon Musk discussed Bitcoin during a live-streamed session of The ₿ Word event, saying that he supports and holds the original cryptocurrency, as does his aerospace company SpaceX. “[Bitcoin] has an open ledger, which is quite good. But transaction volume is low, transaction cost is high and usability for the average person is not yet very good but has a lot of potential,” Musk…

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Crypto mining firm Argo Blockchain files for US IPO

The company has been publicly traded on the London Stock Exchange since 2018. Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States. According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021. The company said the timing could depend on the SEC completing…

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