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What’s Going on in Crypto Stock Market?

1/7 What’s happening in Crypto by @BessageTech 23 Nov 2022

💰BTC Price: 16,464.30 🔋Hashrate: 256.31 EH/s 📊Difficulty: 36.95 T Bitcoin BTC cryptocurrency Crypto airdrop Blockchain climate

💹Market Place 2/7 Performance of stocks of most Bitcoin miners tracked by BESSAGE split on Tuesday. Core Scientific lost 20.02% to 0.13, TeraWulf dropped 16.59% to 0.69. On the up side were Digihost (+7.25%), Bitfarms (+7.27%), and



3/7 Core Scientific says it could run out of cash soon. The world’s largest publicly listed miner ended October with 32.2M in cash and 62 BTC, after losing 1.7B through the year. The statement has followed the company’s first warning of bankruptcy risk about a month ago.

4/7 Applied Digital and clients GMR Limited launch Highland Digital, a new fund to pool together funds from investors to acquire hardwares from miners in distress. Ownership of the machines will be entitled to investors, who will be charged a fee to be split by the two companies.

5/7 Cathie Wood’s ARK Invest to buy the dip amidst aftermath of FTX crisis. With GBTC, Coinbase stock hitting new lows, Ark has added 176,945 GBTC shares on Nov. 21 and 1.3 million COIN shares since the start of November.

🎙️Influencers 6/7 CZ questions Coinbase’s holdings in a tweet that was later deleted, Crypto Twitter reacts rumbustiously. Quoting a report by Yahoo Finance, CZ bases his theory on the unlikeliness for Coinbase custody’s less than 600K BTC reserve to turn into 635K in 4 months.

7/7 Coinbase CEO has since responded to the doubtful tweet, saying Bitcoin reserves are fully backed.

This post is based on this twitter thread.


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