Celsius disputes claim that Alex Mashinsky tried to leave US
According to the company, Celsius CEO Alex Mashinsky has remained to work on restoring liquidity and operations rather than trying to flee. According to the company, struggling cryptocurrency lending startup Celsius is doing everything it can to restore operations alongside CEO Alex Mashinsky, who is now based in the United States. A spokeswoman for Celsius […]
Before BTC hit $69K, bitcoin mining revenue mirrors 2021 lows
Decline in Bitcoin mining earnings was last noted in 2021. Bitcoin miners need to maintain a balance between revenue and operating cash flow. After 1.5 years, Bitcoin (BTC) reached the $20,000 range, making mining, the most crucial task in the ecosystem, an expensive endeavor. But if the past were to repeat itself, BTC investors might […]
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 […]