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What Is a Self-Custody Wallet? How Do I Take Control of My Crypto and Keys?

SummaryWhen a crypto user takes sole possession of their wallet’s private keys instead of trusting them to an exchange, they are self-custodying their assets....

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 […]

Will A Bankruptcy Of Bitcoin Miner Core Scientific Impact The Price?

The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning in a filing with the SEC on Oct. 26. Shortly thereafter, the stock took a nosedive. The stock plummeted from $1.02 to $0.22. While the CORZ stock was trading at $10.43 at the beginning of the year, it is now down 97% year-to-date. Notably, the Bitcoin price was unimpressed by the news. As NewsBTC reported, a Bitcoin miner capitulation is currently the biggest intra-market risk. Therefore, it is questionable whether the risk of a capitulation event is now over or Core Scientific is the harbinger of a bigger crash? Related Reading: Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To Know Bitcoin Miner Core Scientific On The Ropes Documents filed with the U.S. Securities and Exchange Commission reveal that there is a possibility of bankruptcy. The company said it will not make its debt payments due in late October and early November. In addition, Core Scientific announced that holders of its common stock “could suffer a total loss of their investment.” Cash could be depleted by the end of the year or sooner, in part because Celsius arguably owes the miner $5.4 million. Related Reading: Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again However, responsible for the Bitcoin miner’s situation, however, according to management, are that “operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs,” as well as “the increase in the global bitcoin network hash rate”. Compass Point analysts believe bankruptcy is a real possibility, as CNBC quotes: Still, without knowing how discussions are going with CORZ’s creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels.  For the moment, the Bitcoin miner is considering various options for raising additional capital. All-Clear For The Bitcoin Price For Now? The SEC document gives the all-clear for the bitcoin price in that a sale of Core Scientific’s bitcoin holdings has already taken place. The company now holds only 24 Bitcoins; 1,027 Bitcoins were already sold last month. In this respect, Core Scientific’s treasury is not more of a concern, but rather the overall bad state of the Bitcoin mining industry. The industry is suffering from skyrocketing electricity costs as well as the depressed Bitcoin price. Many larger Bitcoin mining companies ordered new hardware when the price was much higher. Due to long delivery times, they received the machines much later, at a time when the hash price was already much less profitable. Another well-known Bitcoin miner, Compute North, filed for bankruptcy back in September and owes at least 200 creditors up to $500 million,as Bitcoinist reported. The next few months will therefore have to reveal whether it will take a deeper shakeout to flush unprofitable and over-leveraged miners out of the market. Core Scientific had the highest debt to equity ratio in the industry at 3.5x. Currently, the miner net position change continues to indicate that the industry is exerting selling pressure on the market. The metric shows that the total number of Bitcoins sold by miners was higher than the amount held on every day throughout October. From a technical perspective, BTC looks ´poised to reach long territory’ soon. For now, the price needs to sweep the low and should hold the level at $19.9K.

ForexMart

ForexMart ReviewIn today’s ForexMart review, we are talking about this binary options trading broker that provides 24-hour customer service and support, 60 days of...

Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December

Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed to Pivot in DecemberAccording to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a […]

Cheap DR Insurance On True Insurance

Every person in this world wishes to safeguard his or her property by getting insurance on it. A DR insurance acts as a safeguard...

Gate.io Review 2023: Top Exchange for Crypto Bots & Copy Trading

<!-- --> The search for the perfect cryptocurrency exchange is never easy. With over 600 exchanges around, trying to find the...

Best Crypto Telegram Channels to Follow in 2022

The topic of earning money in the crypto industry excites the minds of many investors. There is room for maneuver here - mining, playing...

Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About?

binance-‘s-ceo-visits-el-salvador.-what-will-he-meet-president-bukele-about?

It was about time that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His company is the biggest cryptocurrency exchange in the world and El Salvador is the first country to adopt bitcoin as legal tender, why did this take so long? According to the Secretariat of Communications of the Presidency of the Republic of…

The post Binance ‘s CEO Visits El Salvador. What Will He Meet President Bukele About? appeared first on Bitcoin News Miner.

Write HTML, the HTML Way (Not the XHTML Way)

You may not use XHTML (anymore), but when you write HTML, you may be more influenced by XHTML than you think. You are very likely writing HTML, the XHTML way.

What is the XHTML way of writing HTML, and what …


Write HTML, the HTML Way (Not the XHTML Way) originally published on CSS-Tricks. You should get the newsletter.

The Metaverse Meets Luxury Fashion: ALTAVA Group Partners with the Sandbox to Launch Exclusive NFT Collection for Both Metaverse

Seoul, Korea, Mar 17, 2022 - (ACN Newswire) - ALTAVA Group is proud to announce the partnership with the Sandbox to launch exclusive NFT collection for both metaverse. THERE'S no denying that the metaverse and Web3 is a big deal right now and a new collaboration is about to elevate the luxury fashion industry to new heights within this fascinating arena. ALTAVA Group, a metaverse company that stands at the intersection of technology and fashion, are incredibly excited to announce their partnership with metaverse gaming giant The Sandbox to launch an exclusive NFT collection.

What makes the partnership so unique? It will provide those who purchase the NFT collection in the NFT marketplace the ability to use it in both The Sandbox and ALTAVA Worlds of You metaverse. The collaboration will undoubtedly amplify ALTAVA to even bigger levels and is set to become the best fashion metaverse.

The NFT collection will leverage ALTAVA's experience of digitizing and tokenizing assets for high-end luxury brands including Balmain and Prada to create the most coveted PFP and avatars in The Sandbox metaverse for the lucky owners.

ALTAVA also purchased LAND on The Sandbox where users will be able to interact with ALTAVA's partners, including some of the world's most famous and sought-after fashion brands. This will allow PFP characters to play mini games and participate in exclusive NFT/product drops with some of their most highly desired brands in the fashion industry within The Sandbox. The LAND purchase will even offer opportunities for a Luxury Fashion Town, art exhibition spaces, galleries and fairs.

Sebastien Borget, co-founder of The Sandbox comments: "We believe that ALTAVA x The Sandbox Exclusive Season 1 NFT Collection and their upcoming ALTAVA LAND in The Sandbox will add a unique luxury fashion experience to our rapidly expanding community and ecosystem."

Partnering with The Sandbox marks a huge milestone in ALTAVA Group's journey and will feature a number of enticing benefits in its own high-fidelity metaverse; ALTAVA Worlds of You, including the ALTAVA Market. Here, users will be able to interact, purchase, and resell tokenized luxury fashion products as well as using their NFT and avatars.

One of the hottest talking points in blockchain and the metaverse is the concept of interoperability - the ability to unify economies, avatars and systems across worlds. This is also what makes the ALTAVA and The Sandbox partnership so cutting-edge.

Andy Ku, CEO of The ALTAVA Group comments: "We expect to be able to create a real-life case of interoperability, which is one of the biggest topics in blockchain and metaverse. We will continue to expand to other blockchain-based metaverse, starting with collaboration with The Sandbox."

ALTAVA held successful private whitelisted sales in the NFT marketplace that ended on March 03, 2022 with over 2000 NFTs sold.

The ALTAVA x The Sandbox Exclusive Season 1 NFT Collection will launch on March 24, 2022.

Users can visit the ALTAVA website on March 24, 2022 to mint the new collection and sell it on Open Seas (URL).

For further information, quotes or interview requests please contact Jihee Cho at [email protected]

Media Contact
Brand: ALTAVA Group
Contact: Jihee Cho
Telephone: +82 10 5146 9246
Email: [email protected]
Website: https://altava.com/

SOURCE: ALTAVA Group



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Do we need a Bitcoin Gold Exchange?

Every industry that is innovative and brings reforms with time stays. Cryptocurrency is one such industry. Cryptocurrency, or Bitcoin, has evolved very much over the past while bringing in a new topic to discuss every other day. Bitcoin gold is one such thing. Vist at: https://bit-qt.de/ After Bitcoin Cash, Bitcoin Gold is another bifurcation of Bitcoin....

The post Do we need a Bitcoin Gold Exchange? appeared first on Cryptoverze.

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