Category: NEWS

Core Scientific agrees $70M loan facility from B. Riley

Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B. Riley. The company will use the funds to pay off an existing loan to avoid defaulting, Core Scientific, […]

Tesla saw a net loss of $140 million on its Bitcoin in 2022

Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022. The electric vehicle maker bought Bitcoin worth $1.5 billion in 2021. Tesla has revealed that the company sold most of […]

Inflows into Bitcoin products surged by $116 million last week

Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Bitcoin saw the most […]

Crypto markets rallying but damage remains severe

Key Takeaways Bitcoin is up close to 50% from its lows, but is still down over two-thirds from all-time highs Some on-chain metrics show how much the rally pales in comparison to the prior fall  Positive news from the industry remains few and far between, as market prepares for latest interest rate policy, to be […]

Inflows into Bitcoin products surged by $116 last week

Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 of the total. Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Bitcoin saw the most fund […]