Bitcoin Price Prediction – Can BTC Hit a New All-Time High in 2023?
On December 24, as investors prepare for the Christmas season, the cryptocurrency market is relatively quiet. Bitcoin's price remained stable on Saturday, hovering around $16,750. Although you can trade Bitcoin during the holidays, price action is likely to be limited.
According to Hashrate Index, the total liabilities of publicly traded Bitcoin (BTC) mining companies exceed $4 billion. According to a statement released by the business on September 30th, Core Scientific's liabilities stood at around $1.3 billion.
During this bear market, the price of bitcoin mining has fluctuated significantly, as evidenced by the recent bankruptcy of Core Scientific. Hashrate Index reports that Core Scientific, the top public BTC miner by hashrate, has been struggling under debt for several months, unable to pay off monthly debt service payments.
Rohit Wad, CTO of Binance, sees India as a center of web3 innovation, and he intends to staff Binance with graduates of the country's finest technical institutions. Wad stated in an interview with Businessline that it plans to hold recruitment events in Mumbai, India.
Binance is also keen on funding new web 3.0 businesses in India. The Binance CTO has hinted that the company may investigate a handful of Indian startups for potential investment in the near future. Toronto, Vancouver, and Mumbai are on the list of cities from which Wad intends to recruit fresh interns.
Binance's work-from-home employment model is well-suited to bringing in talent from any of the world's major technology hubs because of the company's emphasis on remote labor.
Binance plans to staff up with graduates of Indian institutions and colleges with a focus on Mumbai, which Wad identifies as one of the best digital incubator
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