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Today’s Top Crypto News, Tuesday November 22nd

Today’s Top Crypto News, Tuesday November 22nd •Bitcoin Miner Core Scientific Has Lost $1.7 Billion This Year– Bloomberg “Core Scientific Inc., the largest US publicly-traded Bitcoin mining company in terms of computing power, said its loss for the first nine months of the year climbed to over $1.7 billion.” •Cathie Wood’s Ark Invest Buys $1.5M […]

By Matt Montemayor · November 22, 2022

Today’s Top Crypto News, Tuesday November 22nd

•Bitcoin Miner Core Scientific Has Lost $1.7 Billion This Year– Bloomberg

“Core Scientific Inc., the largest US publicly-traded Bitcoin mining company in terms of computing power, said its loss for the first nine months of the year climbed to over $1.7 billion.”

•Cathie Wood’s Ark Invest Buys $1.5M in Grayscale Bitcoin Trust Shares– Yahoo Finanace

“Bitcoin mining difficulty rose 0.51% to an all-time-high in Monday’s biweekly adjustment, according to BTC.com, despite the price of Bitcoin falling more than 22% in the past two weeks.”

•Bitcoin Steadies After Hitting Two-Year Low – Barron’s

“The price of Bitcoin briefly hit a two-year low before recovering, with the cryptocurrency sector under pressure as crypto lender Genesis seeks to raise cash.”