Core Scientific shares drop 18% as Microsoft cuts some CoreWeave deals

Core Scientific shares drop 18% as Microsoft cuts some CoreWeave deals

Source: Coin Tegraph Shares of Bitcoin miner Core Scientific (CORZ) fell 18% on March 6 after reports that Microsoft reduced its commitment to CoreWeave, Core Scientific’s partner. According to the report, CoreWeave missed deadlines and had issues delivering materials needed to scale artificial intelligence models. CoreWeave’s initial public offering filing, dated March 3, says Microsoft…

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Solana Vs. Ethereum: Franklin Templeton Exposes Market Shift

Solana Vs. Ethereum: Franklin Templeton Exposes Market Shift

Source: Bitcoinist In a newly released market perspective titled Solana vs. Ethereum Decentralized Finance, global investment firm Franklin Templeton sheds light on the increasingly competitive landscape in decentralized finance (DeFi). According to the document, “DeFi protocols have rapidly become foundational primitives within crypto economies,” as these blockchain-based applications leverage self-executing smart contracts to deliver financial…

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SafeWallet releases Bybit hack post-mortem report

SafeWallet releases Bybit hack post-mortem report

Source: Coin Tegraph The developer of SafeWallet has released a post-mortem report detailing the cybersecurity exploit that led to the $1.4 billion hack against Bybit in February. According to a forensic analysis conducted by SafeWallet and cybersecurity firm Mandiant, the hacking group hijacked a Safe developer’s Amazon Web Services (AWS) session tokens to bypass the…

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