Compass Mining loses its facility after reportedly failing to pay power bill
Dynamics Mining shared a letter ending its hosting relationship with Compass Mining, citing unpaid costs as the reason for the termination Compass Mining, a provider of Bitcoin (BTC) mining hardware and hosting, has lost one of its Maine-based hosting facilities after the building’s owner, Dynamics Mining, canceled the two parties’ hosting agreement on the grounds […]
Stablecoin FUD debunked by Tether CTO as short-sellers circle
Tether CTO accused hedge funds of aiding the spread of FUD; fear, uncertainty, and doubt in order to buy the tokens at a much lower price. According to Paolo Ardoino, certain hedge funds are allegedly putting “billions” of dollars under pressure to “damage Tether liquidity” in order to later repurchase tokens at a much reduced […]
Tokenized bad debt and more yields are part of CoinFLEX recovery plan
CoinFLEX plans to dispose of bad debt through a new token offering in order to address its liquidity shortfall and resume user withdrawals. The new coin, Recovery Value USD (rvUSD), will have a $1 value per unit. It is intended to assist CoinFLEX in recouping $47 million in losses sustained by a failed attempt to […]
How the Web3 space is certifying the work of digital artists – NFT.NYC
During the NFT.NYC event, The Digital Diaspora celebrated some of the most well-known Black digital artists working in the NFT scene. The fourth annual NFT.NYC conference came to an end, and attendees used the time to reflect on a week of creative inspiration, networking with the community, and developer innovation in the nonfungible token (NFT) […]
Goldman Sachs degrades Coinbase shares to “sell”
Goldman Sachs analysts downgraded Coinbase Global Inc. (COIN) shares after the stock price of the American cryptocurrency exchange collapsed. Goldman Sachs analysts have downgraded Coinbase Global Inc. (COIN) shares after the exchange’s core business was negatively impacted by falling cryptocurrency prices, highlighting the difficulties the bear market presents. According to Goldman analyst William Nance, the […]