As expected, U.S. inflation accelerated last month, driven mostly by rising energy costs linked to the Middle East conflict. Core prices, though, …
Core
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Finance
US frees up billions for banks while quietly admitting SVB’s core failure never went away
by shayaanby shayaanWashington is in a generous mood with its banks. In March, federal regulators unveiled a sweeping overhaul of capital requirements (the financial …
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Regulation
Classifying XRP as a Financial Product Could Create Disadvantages for Its Core Tech: Legal Expert
by shayaanby shayaanAttorney Bill Morgan has weighed in on discussions surrounding the possible classification of cryptocurrencies such as $XRP and Bitcoin as financial products. …
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Finance
Kraken wins landmark approval to operate on Fed’s core payment systems
by shayaanby shayaanKraken is the first crypto firm in the US to gain a master account at the Fed for professional and corporate clients. …
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Mining
Bitcoin Miner Core Scientific Bets on AI Boom With $1 Billion Backing From Morgan Stanley
by shayaanby shayaanCore Scientific has secured a financing agreement with Morgan Stanley worth up to $1 billion to expand its digital infrastructure operations. The …
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Mining
Morgan Stanley Backs Core Scientific With up to $1B Financing for Data Center Growth
by shayaanby shayaanCore Scientific has secured a major financing arrangement with Morgan Stanley that could provide up to $1 billion to support the company’s …
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Smart Contracts
Core Scientific Secures Up to $1 Billion From Morgan Stanley for Pivot From Bitcoin Mining to AI
by shayaanby shayaanIn short Core Scientific secured financing of up to $1 billion from Morgan Stanley. The company is building data centers as it …
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Markets
Core Scientific secures up to $1 billion loan facility from Morgan Stanley
by shayaanby shayaanThe company initially closed a $500 million loan facility that includes an accordion feature allowing the total commitment to expand to $1 …
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Mining
Cryptocurrency Mining Company Core Scientific Decides to Sell a Large Portion of Its Bitcoin Holdings! Here Are the Details
by shayaanby shayaanUS-based cryptocurrency mining company Core Scientific announced in its annual report that it plans to sell a significant portion of its Bitcoin …
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Core Scientific (CORZ), a bitcoin mining and digital infrastructure company, sold just over 1,900 bitcoin in January for approximately $175 million, according …