esmeralda
@esmeralda
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This Bitcoin Wall Street Miner's CEO Departs, Company Posts $6.3 Million Loss
Argo Blockchain (NYSE: ARBK, LSE: ARB) announced that CEO Thomas Chippas will step down on February 28, 2025, with CFO Jim MacCallum serving as interim CEO. Chippas, who joined during market challenges in 2023, improved the company's financial position by repaying its Galaxy loan early. Despite progress, the company reported a Q3 2024 net loss of $6.3 million, a revenue drop to $7.5 million, and mining margins falling to 8%. Recent fundraising of £4.2 million aims to support strategic initiatives. January's report shows stagnant Bitcoin production at 39 BTC, highlighting continued industry pressures. 2 replies
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How Will Markets React to $2.8B Crypto Options Expiring Today?
Approximately 21,600 Bitcoin options contracts, worth $2.2 billion, are set to expire on January 17. Despite its size, minimal market impact is expected. Bitcoin rebounded to six-figure territory, trading above $90,000. The options expiry has a put/call ratio of 0.94, reflecting balanced bullish and bearish positions. Open interest is highest at the $120,000 strike, gaining $1.8 billion. Crypto traders are bullish but cautious about overextension near $110,000. Key levels are $108,000 resistance and $99,000 support. Deribit noted inflation data and macro factors driving Bitcoin higher. Alongside Bitcoin, 182,000 Ethereum contracts worth $617 million will expire. Crypto market cap reached $3.73 trillion, driven by Bitcoin’s 10% weekly gain. Other top performers include XRP, Solana, and Chainlink. 1 reply
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Today’s metaverse and the dream of digital ownership
In 2023, Yat Siu discussed the potential of Web3 and digital ownership in the open metaverse, despite challenges faced by the industry, including major collapses and scandals. By 2025, the Web3 sector emerged stronger, gaining institutional support from firms like BlackRock and VanEck. Siu emphasized the importance of digital ownership, enabled by Web3 and blockchain technologies, where fungible and non-fungible tokens (NFTs) play a pivotal role. The economic activity in the metaverse grew significantly, with DAO treasuries reaching $32 billion and cryptocurrency market values soaring. NFTs fostered new opportunities for creators, providing them with royalties, unlike traditional Web2 platforms. As AI and blockchain become more interconnected, they are expected to drive future growth in the metaverse. Siu anticipates 2025 will see significant growth and a shift toward digital property rights in the online world. 1 reply
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MEDIA ALERT Startup Debut 2025 Features 16 Crypto and AI Debuting Innovators at CES
Sixteen cryptocurrency and AI companies will showcase innovations at Tiger Mansion LV, Las Vegas, on Jan. 8, 2025, from 6 – 10 p.m.
Notable participants include ALTX, AI Quant Labs, Angel AI, and CPAI, presenting AI-driven finance, trading tools, and blockchain services.
Michael Terpin will sign his bestseller *Bitcoin Supercycle*, and live music will feature Scott Page of Pink Floyd fame.
Catering is by Road Kill Grill, USA Today’s top BBQ in the nation.
Startup Debut, part of Transform Ventures, hosts the event known for debuting Ethereum's Vitalik Buterin in 2014.
The media-exclusive event requires RSVP; contact [email protected] for details. 2 replies
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