Crypto

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…

Source: Coin Tegraph World Liberty Financial, a decentralized finance (DeFi) project backed by President Donald Trump’s family, snatched up more than $20 million worth of digital assets ahead of the White House’s first crypto summit on March 7. According to Bloomberg, a digital wallet tied to World Liberty acquired $10.1 million worth of Ether (ETH),…

Source: Bitcoinist On-chain data shows the Bitcoin Hashrate has made some notable recovery recently, a sign that optimism may be returning among the miners. Bitcoin Hashrate Has Been Recovering From The Crash The “Hashrate” is a metric that keeps track of the total amount of computing power that the miners as a whole have connected…

Source: Coin Tegraph Bitcoin (BTC) gained 6.8% between March 5 and March 6, briefly reclaiming $92,000. However, the trend reversed after the S&P 500 fell 1.3%, triggered by a warning from Philadelphia Federal Reserve President Patrick Harker about the US economy. Other factors also kept Bitcoin’s price below $95,000, such as rising tensions in Ukraine…

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…

Source: Coin Tegraph White House crypto czar David Sacks has criticized the US government’s sale of confiscated Bitcoin over the years, referring to it as a strategic mistake that has cost taxpayers billions. In a March 6 social media post, Sacks said the US government generated $366 million in proceeds from its Bitcoin (BTC) sales…

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…

Source: Coin Tegraph The Texas Senate passed the Bitcoin (BTC) strategic reserve bill SB-21 in a 25-5 vote on March 6, after deliberating the merits of the legislation on the Senate floor. Texas State Senator Charles Schwertner argued for the bill, saying that it would help the US state shore up its balance sheet with…

Source: Bitcoinist As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short…

Source: Coin Tegraph The cryptocurrency community keenly awaits the first-ever White House Crypto Summit on March 7, which is expected to provide more details on the planned crypto reserve announced by US President Donald Trump on March 2.  Although the initial announcement included Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA), several…