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Latest  Crypto News

By newsdesk7

Bitcoin Drops Following January’s Surpassing Job Growth of 517K!

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The Bureau of Labor Statistics reported that in January, the US added 517,000 jobs, a significant increase from the revised number of 260,000 jobs in December. This result exceeded economist predictions of 185,000 new jobs.

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WisdomTree’s Crypto Holdings' value declined 61.9% in Q4!

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WisdomTree, a fund manager based in the United States, experienced a significant drop in the value of its digital asset holdings during the fourth quarter, mirroring the prolonged bear market affecting Bitcoin and other cryptocurrencies. WisdomTree’s cryptocurrency funds had an asset value of $136 million on December 31, 2022, as reported in their quarterly earnings report on February 3. This represents a decrease from the $163 million value at the start of the quarter, resulting in a $23 million depreciation.

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Australia Implements Classification System for Cryptocurrencies!

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Australia joins the worldwide regulatory competition with the launch of a public consultation on its own cryptocurrency asset classification. On February 3rd, the Australian Treasury unveiled a consultation paper titled “Token Mapping,” marking a crucial step in the government’s multi-stage plan to regulate the market.

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Core Scientific to Transfer 27,000 Mining Rigs to Settle $38 Million Debt!

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Core Scientific, a cryptocurrency mining company, has reached an agreement with the New York Digital Investment Group (NYDIG) to resolve its $38.6 million debt by transferring ownership of over 27,000 of its mining rigs, which were used as collateral.

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