Core Scientific, Inc. (NASDAQ:CORZ) Earns Average "Buy" Rating from Analysts
Core Scientific Inc (NASDAQ:CORZ) receives an average "buy" recommendation from analysts, citing strong growth prospects in the cloud computing and data center industries.
Core Scientific Inc (NASDAQ:CORZ) receives an average "buy" recommendation from analysts, citing strong growth prospects in the cloud computing and data center industries.
Ethereum's declining investment appeal is attributed to the rise of layer 2 solutions, which are faster, cheaper, and more scalable than the original blockchain. This shift has led to reduced interest from venture capitalists and investors, who are now backing alternative blockchain projects.
HC Wainwright reaffirms buy rating for Canaan Inc (Nasdaq: CAN) citing strong fundamentals, growing demand for gaming and cryptocurrency mining, and solid execution by management.
Stronghold Digital Mining (SDIG) and Upstart (UPT) are digital mining companies that have gained attention in the market. SDIG is a digital mining company that uses renewable energy to mine cryptocurrencies, while UPT is a digital mining company that uses artificial intelligence to optimize mining operations.
Gryphon Digital Mining (NASDAQ: GRYP) and Bitdeer Technologies Group (NASDAQ: BTDG) are top digital mining companies. A head-to-head survey shows both companies performing well, with Gryphon excelling in cryptocurrency mining and Bitdeer dominating in decentralized infrastructure.
LM Funding America (LMFA) is set to release its quarterly earnings on Monday. The company, which provides litigation funding and other financial services, has seen its stock price fluctuate in recent months. Investors will be watching closely to see how the company's financial performance has been impacted by market trends and other factors.
Gryphon Digital Mining, a leading bitcoin mining company, is expected to release its earnings on Monday. The company has been experiencing significant growth, driven by its expanding mining operations and increasing revenue. Investors are eagerly awaiting the release of its financial results to gain insight into the company's performance and future prospects.
Bitcoin and Ethereum face a significant options expiry event, with 14 billion in open contracts set to expire. This could lead to market volatility, with potential price swings and increased trading activity. The expiry date is approaching, and market participants are bracing for impact.
The US dollar slipped against major currencies on concerns over the US-China trade war and sluggish economic growth. Investors await the next tariff announcement, weighing the impact on global markets. The dollar index fell 0.2% to 97.13.
The Dow Jones Industrial Average and S&P 500 are experiencing a volatile trading day, with the Dow up 1.1% and the S&P 500 rising 1.2%. The Nasdaq Composite is leading the gains, up 2.1%, as technology stocks rebound. Investors are monitoring the Federal Reserve's interest rate decisions and the impact of rising inflation on the market.
South Carolina has dropped its lawsuit against Coinbase and Clover, resolving a dispute over staking laws. The state's Attorney General claimed Coinbase's staking service was illegal, but the company argued it was a legitimate form of decentralized finance (DeFi). The settlement is expected to pave the way for other states to follow suit, potentially clearing the way for wider adoption of staking services.
Chainlink's monthly close is crucial in determining its fate. Levels to watch: $13.50 support, $14.50 resistance, $15.50 buy zone, and $16.50 sell zone. A close above $16.50 could trigger a strong rally, while a close below $13.50 may lead to further decline.
BlackRock's $1 billion investment in a Solana-focused fund has sent sentiment soaring, with Solana's market capitalization surging 25% in a single day. The move has lifted Solana's price by 15%, with analysts predicting further gains. The investment is a significant vote of confidence in the blockchain's potential.
Bitcoin's next move is uncertain, but exchange flows suggest a possible reversal. According to data, inflows have slowed while outflows have increased, hinting at a potential correction. Meanwhile, open interest in futures markets has reached new highs, indicating growing market participation. The price may consolidate before making its next move.
The Shiba Inu cryptocurrency has seen significant growth in long-term holders, outpacing Bitcoin and Ethereum. According to data, the number of Shiba Inu holders who have held their coins for 30 days or more has increased by over 500% in the past year, compared to a 200% increase for Bitcoin and a 150% increase for Ethereum.
According to an analyst, Bitcoin's surge above $85,000 is not a random event. Instead, it's driven by a combination of factors, including increased institutional investment, improved liquidity, and a shift towards decentralized finance (DeFi) and non-fungible tokens (NFTs).
Bitcoin's price surge is fueled by "truflation" - a new economic concept suggesting that inflation is not solely caused by monetary policy, but also by technological advancements and societal changes. This phenomenon could lead to a continued Bitcoin price increase or a crash, depending on how it's managed.
Ripple's acquisition of Dubai license boosts XRP price potential by 46%. AI-powered cloud mining platform predicts surge in value due to increased adoption and regulatory clarity.
Electric flight is gaining momentum, but can it take off? The tech is promising, with companies like Eviation and Alpha Electric developing electric planes. However, there are still significant challenges to overcome, including battery life, cost, and infrastructure. The BBC's Tech Now explores the future of electric flight.
SporeStack is a Python library for processing and analyzing genomic data. It provides tools for handling and manipulating genomic data, including sequence alignment, variant calling, and gene prediction. SporeStack is designed to be flexible and extensible, making it suitable for a wide range of applications in genomics research.