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Converting Strings to datetime in Python

IntroductionData can be represented in various forms - and a convinient way to represent dates and times are strings. However, to work with these...

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What a GOP win in November would mean for defense policy in 2023

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Will A Bankruptcy Of Bitcoin Miner Core Scientific Impact The Price?

The largest publicly traded Bitcoin miner in the U.S. by hash rate and mining fleet, Core Scientific (CORZ), issued a bankruptcy warning in a filing with the SEC on Oct. 26. Shortly thereafter, the stock took a nosedive. The stock plummeted from $1.02 to $0.22. While the CORZ stock was trading at $10.43 at the beginning of the year, it is now down 97% year-to-date. Notably, the Bitcoin price was unimpressed by the news. As NewsBTC reported, a Bitcoin miner capitulation is currently the biggest intra-market risk. Therefore, it is questionable whether the risk of a capitulation event is now over or Core Scientific is the harbinger of a bigger crash? Related Reading: Bitcoin’s Biggest Intra-Market Risk Right Now – What You Need To Know Bitcoin Miner Core Scientific On The Ropes Documents filed with the U.S. Securities and Exchange Commission reveal that there is a possibility of bankruptcy. The company said it will not make its debt payments due in late October and early November. In addition, Core Scientific announced that holders of its common stock “could suffer a total loss of their investment.” Cash could be depleted by the end of the year or sooner, in part because Celsius arguably owes the miner $5.4 million. Related Reading: Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again However, responsible for the Bitcoin miner’s situation, however, according to management, are that “operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs,” as well as “the increase in the global bitcoin network hash rate”. Compass Point analysts believe bankruptcy is a real possibility, as CNBC quotes: Still, without knowing how discussions are going with CORZ’s creditors, we think a scenario where CORZ has to file for Chapter 11 protection has to be taken seriously, especially if BTC prices decline further from current levels.  For the moment, the Bitcoin miner is considering various options for raising additional capital. All-Clear For The Bitcoin Price For Now? The SEC document gives the all-clear for the bitcoin price in that a sale of Core Scientific’s bitcoin holdings has already taken place. The company now holds only 24 Bitcoins; 1,027 Bitcoins were already sold last month. In this respect, Core Scientific’s treasury is not more of a concern, but rather the overall bad state of the Bitcoin mining industry. The industry is suffering from skyrocketing electricity costs as well as the depressed Bitcoin price. Many larger Bitcoin mining companies ordered new hardware when the price was much higher. Due to long delivery times, they received the machines much later, at a time when the hash price was already much less profitable. Another well-known Bitcoin miner, Compute North, filed for bankruptcy back in September and owes at least 200 creditors up to $500 million,as Bitcoinist reported. The next few months will therefore have to reveal whether it will take a deeper shakeout to flush unprofitable and over-leveraged miners out of the market. Core Scientific had the highest debt to equity ratio in the industry at 3.5x. Currently, the miner net position change continues to indicate that the industry is exerting selling pressure on the market. The metric shows that the total number of Bitcoins sold by miners was higher than the amount held on every day throughout October. From a technical perspective, BTC looks ´poised to reach long territory’ soon. For now, the price needs to sweep the low and should hold the level at $19.9K.

10 Tips To Be A Successful Freight Broker!

The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who...

CryptoSlate Wrapped Daily: Phishing attack steals 700 Ethereum; Moldova bans crypto mining

The biggest news in the cryptoverse for October 26 includes the theft of over $1M worth of Ethereum by a phishing attack, Vitalik Buterin’s tweet deeming ZKPs “necessary” for Ethereum and Binance overtaking Huobi in crypto derivatives trading.

The post CryptoSlate Wrapped Daily: Phishing attack steals 700 Ethereum; Moldova bans crypto mining appeared first on CryptoSlate.

KuCoin vs SwissBorg 2023: Top Crypto Exchanges Compared

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About 61% of BTC holders are underwater as market stagnation persists

Following the fallout from the Terra implosion and subsequent market deleveraging, Bitcoin bottomed at $17,600 on June 22.

The post About 61% of BTC holders are underwater as market stagnation persists appeared first on CryptoSlate.

Coinbase Adds $1.6 Billion to Its Custody 🤑

October 25, 2022       /       Unchained Daily       /       Laura Shin What’s Poppin’? MakerDAO Partners With Coinbase Amid Centralization Concerns by Juan Aranovich Coinbase[...]

The post Coinbase Adds $1.6 Billion to Its Custody 🤑 appeared first on Unchained Podcast.

Cardano ($ADA) Is ‘In the Midst of a Mini Bull Run in Network Activity’

Earlier today (October 25), a very popular pseudonymous Cardano educator pointed out that Cardano is “in the midst of a mini bull run in network activity.” “ADA whale” took to Twitter earlier today to comment on Cardano’s healthy on-chain fundamentals: For example, as you an see, based on data from Bitquery, for the past one-week […]

Helping to Grow the Work from Cafe Culture in Balestier

SINGAPORE, Oct 25, 2022 - (ACN Newswire) - A newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.


Located at 355, Balestier Road, Thank You Come Again (TYCA) is a social hub with a cafe and restaurant, and also presents a flexible workspace for residents around the area who have been craving for a comfortable location to call their own as they continue with remote working several days a week. Apart from just providing them a location to get work done, which also includes private work pods for conference calls and livestreaming, TYCA will also curate different kinds of experiences for patrons of the venue, which was officially opened on 22 October.

TYCA, a lifestyle brand created by Cover Projects, which also started the Initial Residence - a service residence at the same location - will also offer F&B options ranging from breakfast all the way to dinner which is a mixture of Mediterranean and contemporary cooking.

TYCA's grab and go provides convenience for people on go. A seasonal menu will be based on classics such as specialty coffee, hot pressed sandwiches, fresh salads and ready to eat pastas and pastries. TYCA will also serve out garden to table dining offerings in partnership with plant stylists The Nature Dialogue and The Initial Residence where a variety of edibles such as kale and basil are grown at the Initial Residence's terrace garden will be used in the preparation of certain dishes at TYCA.

"TYCA's presence at the Initial Residence aims to serve the wider community in Balestier, in addition to the residents who have started calling the serviced residence home. It is a social hub, a food and beverage outlet, a retail and events space all rolled into one," said Mr Lim Keong Wee, managing director of Cover Projects.

"The idea of combining TYCA and The Initial Residence is to create an integrated experience of live, work and play so that patrons can get their work done while experiencing the comfort of living in the city fringes."

The official opening of Initial Residence and TYCA comes at a time when studies are showing that more young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high, according to a consumer sentiment study released by real estate portal PropertyGuru in September.

"The statistics are indicating that there is a demand for comfortable co-living spaces with amenities to boot, and we are aiming to plug that gap with the introduction of Initial Residence and TYCA in the city fringes," added Lim, who also runs an design practice.

Among the fringe activities featured on TYCA's official opening day included a plant-styling workshop by Nature Dialogue, Sake Tasting Experience by Tsunan Brewery and Coffee Workshop by Liberty Coffee. A multi-functional space for individuals, group discussions and learnings will also provided added value for patrons and guests at the facility.

"In time, there will be more fringe activities which we will introduce to TYCA which will benefit patrons, and these will include physical and mental wellness programmes and also a hub for cyclists who ply through the Balestier route," added Mr Lim.

TYCA will also offer an event hall for organisations keen to use the space for corporate or group events. All enquiries can be forwarded to reservations@tyca.com.sg. Follow TYCA on Instagram @tyca_sg and on Facebook @Th4nk.Y0u.C0me.Ag4in.

For media queries, please contact hello@swstrategies.org.

About Thank You Come Again

TYCA is a Singapore-born food and beverage and co-working space outlet in Singapore which serves up contemporary cuisines at affordable prices for working adults. TYCA provides a convenient location along the city fringes for residents of the area and nearby communities to use as location for remote working, and is housed below The Initial Residence. TYCA also aims to curate social experiences such as group dining, plant styling courses and wellness activities for patrons, bringing work and play closer to neighbourhoods.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.

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