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BlackRock Lends Money To Miners | BTCAdoption Continues

January 04, 2023

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blackrcok mining btc

  • The firm committed $17 million in loan to keep miner running

  • It is also a creditor that holds Core’s convertible notes

Core Scientific is one of the largest Bitcoin miners, contributing nearly 10% of the computing power to secure the entire Bitcoin network. It is among a handful of public miners that raised millions from debt financing during the last bull run but struggled to stay afloat as the crypto market crashed and electricity costs skyrocketed.

btc magazine adoption image

For the Bitcoin network to become more robust, it is essential for more countries to adopt a Bitcoin standard. Although Bitcoin does not need anyone's help, it can be accelerated and supported by having more countries, territories and cities adopt it. For example, if a country is mining Bitcoin, it is not attacking the network. If a country has made bitcoin legal tender, it is not likely going to attempt a ban on “unhosted wallets.” Overall, having more countries adopt a Bitcoin standard is positive for the network.

Solana Meme Web3

Su Zhu gets called out by the community as he fires off accusations against DCG

Su Zhu claims that instead of restructuring after losses sustained from the 3AC collapse, the Digital Currency Group “magically filled the hole.”

https://cointelegraph.com/news/su-zhu-gets-called-out-by-the-community-as-he-fires-off-accusations-against-dcg

Bitcoin volatility may return in ‘catch up’ with gold in 2023

BTC price may get a volatility shake up thanks to stocks and gold, Bitcoin analysts believe.

https://cointelegraph.com/news/bitcoin-volatility-may-return-in-catch-up-with-gold-in-2023

The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards

Some market players have stuck their neck out with price calls for what could be another volatile year.

https://www.cnbc.com/2023/01/02/the-boldest-bitcoin-price-predictions-for-2023.html

Analytical Data

Gemini is now publicly calling out Barry/DCG, saying total owed is nearly $1.7B and that Barry hasn't been cooperating on a resolution.

⚡️Today is the 14th anniversary of the launch of the Bitcoin network. On January 3, 2009, a person or group of people under the alias Satoshi Nakamoto launched the main network and mined the genesis block. The hash contains the headline of the article "Chancellor on brink of second bailout for banks" 📁

Bitcoin January 3rd Anniversary.jpg

⚡️Leaders of cryptocurrency inquiries for 2022 in America and worldwide

Crypto Keyword Search 2022

Distribution of Hodlers Over Time

Events

January Crypto Events 2023

Crypto News Heard Around the State

Tampa News

Jose Canseco Partners with FanField

/PRNewswire/ -- FanField, the sports tech company co-founded by Michael Vick, has partnered with Jose Canseco to release his very first NFT collection....

https://www.prnewswire.com/news-releases/jose-canseco-partners-with-fanfield-301709077.html

Why Tom Brady may face FTX cryptocurrency financial liabilities

A legal expert told Newsweek that "the fall of FTX will have ripple effects that touch on multiple industries and personalities," including the quarterback.

https://www.newsweek.com/why-tom-brady-may-face-ftx-cryptocurrency-financial-liabilities-1767623

Orlando News

‘This was fraud:’ Central Florida cryptocurrency companies react to Sam Bankman-Fried arrest

The Biden Administration estimates more than 40 million Americans own crypto currency. Local crypto business owners, who have spent years in the digital assets industry, tell News 6 it is important people understand the differences between each cryptocurrency.

https://www.clickorlando.com/news/local/2022/12/13/this-was-fraud-central-florida-cryptocurrency-companies-react-to-sam-bankman-fried-arrest-criminal-charges/

Miami News

The ‘Quantum Miami’ Conference From January 25-27th - The Cryptonomist

The Official Flagship Event Of Miami Blockchain Week Featuring Web3 Founders, Crypto Futurists, Industry Celebrities, And Global Investors Returns

https://en.cryptonomist.ch/2022/12/17/quantum-miami-conference-january-25-27th/

Surfside Penthouse Bought with Crypto Sells at Loss for $18M

An Arte penthouse in Surfside sold at a loss for $18 million. That’s down $4.5 million from its sale price last year, when it was purchased with cryptocurrency.

https://therealdeal.com/miami/2022/12/27/arte-surfside-ph-purchased-with-crypto-sells-at-a-loss-for-18m/

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