Core Scientific seeks $3.3 billion bond sale to further AI data center pivot
The company is building six AI data centers, leased to CoreWeave for 12 years, and is expected to generate approximately $10 billion in revenue. Read more
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Mob boss John Gotti’s grandson is headed to prison for a $1.1 million Covid fraud and crypto scheme
he mob boss’ grandson defrauded the U.S. government’s Covid-19 relief system out of $1.1 million and invested at least half of it to invest in crypto businesses. Read more
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Crypto’s massive exploit may force big banks to rethink their blockchain plans, Jefferies warns
The $293 million Kelp DAO exploit has exposed critical infrastructure risks, leading Jefferies to suggest that traditional financial firms may pause their blockchain initiatives to prioritize security. Read more
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