Austin, TX – Despite reporting a staggering $265 million loss in Q4, Bitcoin mining giant Core Scientific is doubling down on its future with a $1.2 billion data center expansion plan. This bold move underscores the company’s confidence in long-term blockchain infrastructure demand, even as the mining industry faces profitability challenges. Massive Expansion Amid Market Uncertainty Core Scientific, one of …
Read More »Daily Archives: February 28, 2025
South Korea Launches Elite Crypto Crime Unit to Tackle Digital Fraud!
Seoul, South Korea – In a bold move to combat rising cryptocurrency-related crimes, South Korea has officially launched a specialized Crypto Crime Investigation Unit under the national prosecution office. This initiative marks a significant step in strengthening regulatory oversight and cracking down on illicit activities in the digital asset space. Why Was the Unit Created? South Korea has emerged as …
Read More »Upbit Stock Plummets Amid Probe Turmoil – But a Rebound May Be on the Horizon
Seoul, South Korea – Upbit, one of South Korea’s largest cryptocurrency exchanges, is facing a turbulent period as its stock price nosedives following an ongoing regulatory probe. Investors are rattled by uncertainty, but market experts suggest that a strong recovery may be on the horizon. Regulatory Scrutiny Sparks Panic Selling The sharp decline in Upbit’s stock comes after South Korean …
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