In a May 22 filing in a Texas Bankruptcy Court, Core Scientific’s lawyers said its liquidity position has improved considerably since it filed for bankruptcy and as a result, it plans to file a reorganization plan in the near future.
A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions.
A analyst posted another screenshot showing how ETH’s price responded to his earlier prediction. At the time of the post, Ethereum retested a significant resistance that held it down for almost two weeks. The resistance at $1,847 formed the upper limit of a tight range within which Ethereum traded for some time.
Using the two-hour chart on TradingView, CryptoKaleo showed that Ethereum has convincingly broken above a key trend line, confirming an upward momentum that should push the ETH’s price higher. At the time of the post, ETH traded at $1,814, according to data shared by CryptoKaleo.
With an altcoin rally in view, Van der Poppe informed his followers he would analyze CCD, AVAX, LINK, PEPE, and VRA. Respondents under his tweet appeared impressed with the plan and looked forward to the analyses.
While Bitcoin’s price maintains a sideways movement, Van de Poppe thinks that its major rival, Ethereum, is showing more strength. ETH has resisted a push to lower levels from its current price, trading around $1,800 for almost two weeks.
On May 20, Mike Kanovitz, a partner at law firm Loevy & Loevy, stated in a tweet that a settlement demand letter had been served as an NFT to the wallet address associated with the influencer known as Ben.eth, whose real identity remains undisclosed.
A nonfungible token (NFT) influencer has been served with a settlement demand via an NFT — which casually dropped the “F-bomb” several times — alleging that the influencer engaged in wire fraud “at a minimum” on a recent $7 million token presale.
In an exclusive interview during the Bitcoin 2023 conference in Miami, Thiel disclosed the strategy behind Marathon’s figures in the first quarter of 2023, when the firm reduced its net loss from $12.9 million ($0.12 per share) from Q1 2022 to $7.2 million ($0.05 per share) this year.