BlockFi faces heavy losses from its loan to Core Scientific

Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
Bitcoin miners continue to struggle as prices show little sign of recovery against a backdrop of rising interest rates and war in Europe.
Bitcoin mining software’s most significant upgrade in a decade has already found support from Block chairman Jack Dorsey.
Authorities are looking for $22 million invested into Utah businesses by alleged cryptocurrency scam BitClub Network.
Japanese crypto miners are set to call time on their Russian operations due to bearish markets and the ongoing conflict in Ukraine.