Business

CORZ Secures Up to $1 Billion Loan Facility from Morgan Stanley

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Core Scientific (CORZ), the Texas-based digital infrastructure provider, has secured up to $1 billion in strategic financing from Morgan Stanley to support the development of its data center infrastructure. The company announced the initial closing of a $500 million 364-day loan facility, with an accordion option that could increase total commitments by an additional $500 […]

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Crypto-friendly fintech giant Revolut applies for US banking license

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Revolut, the British fintech giant that offers cryptocurrency trading, has filed for a U.S. banking license with the Office of the Comptroller of the Currency (OCC), a key step in its push to expand into the U.S. financial system. If approved, the license would allow the London-based company to operate more like a traditional bank

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BTC price targets $74,000. Surprisingly, the dollar also rebounds: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless otherwise noted) Bitcoin BTC$72,786.79 The dollar is rallying alongside the U.S. dollar, a trend that has been seen repeatedly since President Donald Trump’s victory in the 2024 election. The cryptocurrency has gained more than 10% since the outbreak of war in the Middle East over the weekend. Prices

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Bitcoin Makes Big Gains as Crypto Market Turns Cautious: Crypto Markets Today

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The crypto market was little changed on Thursday, with bitcoin BTC$72,578.05 and ether (ETH) posting gains of less than 1% as investors consolidated after Wednesday’s breakout. Although bitcoin held above the $70,000 level that had fended off previous rallies, it failed to generate an upward shift toward $80,000, as some analysts had predicted. Global stocks

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Chamath Palihapitiya questions BTC’s role as a central bank reserve asset

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Billionaire investor Chamath Palihapitiya, a venture capitalist and former Facebook executive, recently argued that bitcoin has a “structural flaw” that could limit its long-term adoption by governments and central banks. Speaking on the People by WTF podcast at the World Government Summit, Palihapitiya said that for a digital asset to be widely accepted at the

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IREN deepens AI with order for 50,000 Nvidia GPUs; shares fall on offer to the market

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IREN (IREN), a data center operator focused on AI cloud infrastructure, said it has agreed to purchase more than 50,000 specialized processing chips from Nvidia (NVDA), increasing its capacity by about 50%. The B300 GPUs, or graphics processing units, will bring the Sydney-based company’s total AI computing fleet to around 150,000 GPUs. A GPU is

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Rally nears ‘make or break’ two-year price zone

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Bitcoin BTC$72,554.23 is rising again and approaching a decisive key level, demanding traders’ attention. The cryptocurrency’s spot price jumped 10% to trade above $72,000 this week, briefly rising above $73,900 on Wednesday, according to CoinDesk data. This impressive rebound, supported by ETF inflows, has fueled hopes of further upside, but the rally now faces a

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Quantum Firm Suggests Bullish BTC Strategy With Key Funding Twist

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Quantitative trading firm TDX Strategies offers its clients a bullish Bitcoin trade with an interesting financing twist that helps offset the cost of the bet while reshaping the risk profile of the position. The Hong Kong-based company on Wednesday suggested a “bullish risk reversal” strategy, which involves selling a put option (insurance against a downtrend)

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