December 2022 has been one of the most profitable months for Bitcoin mining company Core Scientific, which filed for bankruptcy at the end of the year. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
1.400 new BTC for Core Scientific in December
📍Core Scientific saw its best month in December 2022. The Bitcoin mining company recently published a statement to disclose its current situation. In it, it stated that during the past month, it managed to generate 1.435 BTC from its crypto mining activity.
The company was operating around 234.000 ASICs with a hash power of 23,7 exahashes per second (EH/s) on the Bitcoin network in December. The bitcoins mined during this period by Core Scientific were valued at approximately $25 million.
Core Scientific also published its November results, indicating that mining activity yielded a total of 1.356 BTC (about $23,3 million on average).
Crypto blogger Colin Wu commented on his Twitter account that during these two months, the Bitcoin mining company consecutively obtained the largest amount of BTC extracted from the network by a public company.
It should be noted that Core Scientific filed for bankruptcy protection in late December, citing several financial problems. However, the company stressed that would continue with its activity of mining bitcoins As part of its plan to become profitable again, Core Scientific last week took offline nearly 37.000 mining rigs it hosted for Celsius Network, which also filed for bankruptcy last year.
Hong Kong to establish itself as a hub for crypto and Web3 innovation
📍Tech companies want to set up their headquarters in Hong Kong. According to statements by Hong Kong's financial secretary Paul Chan, major tech companies and high-tech startups are looking to establish international headquarters in the Chinese special administrative region, which is taking important steps to become a hub of innovation and development for the crypto industry and Web3 on a global scale.
During speech, Chan highlighted the efforts currently being made by Hong Kong to establish a licensing regime for cryptocurrency and digital asset companies.
Hong Kong’s financial secretary noted that the region is becoming a foothold for companies looking to explore the potential of blockchain and Web3 technologies. “The government hopes to create the right proportion of regulation for the market to unlock the potential of Web3 and other technologies,” Chan said.
Despite China's bans on cryptocurrencies and their trading or mining activity, the administrative region of Hong Kong has been creating new favorable regulations to open up the crypto market and boost its development. It is expected that by the middle of this year, the Hong Kong retail investors can access the cryptocurrency market directly.
Warner Bros launches its Game of Thrones NFT collection
📍NFTs from the popular TV series “Games of Thrones” will be available starting today through Nifty's. Winter has arrived on the NFT platform Nifty's, with the launch of the “Game of Thrones: Build Your Realm” crypto collection created in conjunction with Warner Bros and HBO.
Alongside Nifty's, Warner Bros and HBO are bringing the hit TV series written by George RR Martin into the NFT space, allowing its millions of fans to enjoy the series from a more immersive perspective.
As reported by this outlet in November, owners of “Game of Thrones: Build Your Realm” will be able to enter the fantasy realm of Game of Thrones to explore regions like Westeros, access unique digital collectibles, interact with their favorite characters, and enjoy a wide range of innovative and themed experiences.
On Twitter, Nifty's has shared the updated pre-sale page for this NFT collection. Those interested in acquiring one of these digital collectibles had to register on a whitelist and meet a series of requirements. Warner Bros will also launch an open public sale of “Game of Thrones: Build Your Realm,” in addition to other NFT releases.
Continue reading: BlackRock Adds Bitcoin to Its $15.000 Billion Global Allocation Fund
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