Bitcoin rally pauses at $23,400 as investors digest better-than-expected jobs data
Published: Friday, 03 February 2023 10:11 | 
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(Kitco News) - The rally in the crypto market is in a holding pattern as crypto prices consolidate, while the latest jobs data has investors concerned that the Fed will need to continue rate hikes.
Careful what you wish for…
Published: Friday, 03 February 2023 09:36 | |
| (Kitco News) - Analysts have been warning investors that the gold market was due for a pullback for weeks, so while the magnitude of this week's selloff has been surprising, the direction isn't.
India collaborates with the IMF to develop global crypto regulations
Published: Friday, 03 February 2023 08:42 | |
| (Kitco News) - India, which took over the G-20 presidency in December, has acknowledged working with the IMF and the FSB to develop a regulatory approach for cryptocurrencies.
Core Scientific strikes deal to pay $38.6 million debt with 27,000 crypto mining rigs
Published: Friday, 03 February 2023 08:42 | |
| (Kitco News) - Core Scientific, the largest Bitcoin miner by computing power, submitted a filing to the U.S. Bankruptcy Court for the Southern District of Texas outlining a proposed deal to pay off $38.6 million of their outstanding debt by giving 27,403 cryptocurrency mining rigs to lender and creditor NYDIG.
Global rare earths production up 3.4% in 2022 as output in China jumps 25%
Published: Friday, 03 February 2023 08:37 | |
| (Kitco News) - According to preliminary data released by the U.S. Geological Survey (USGS), global rare earth minerals (REE) mine production in 2022 is estimated at about 300,000 tonnes of rare-earth-oxide (REO) equivalent, up 3.4% from 2021 (290,000 tonnes).