Bitcoin rally pauses at $23,400 as investors digest better-than-expected jobs data
(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.
Core Scientific strikes deal to pay $38.6 million debt with 27,000 crypto mining rigs
(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.