Bitdeer to expand operations with $150M convertible notes offering
Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering. Go to Source
Month: August 2024
Does Hong Kong have issues with USDT and USDC? OSL exec weighs in
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC. Go to Source
India and Russia to Enhance Trade With Rupee-Ruble Payments
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create … Read more
Institutional adoption of Bitcoin ETFs surges 27% in Q2
Increasing institutional ETF adoption could bolster Bitcoin price to new all-time highs. Go to Source
Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant
Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes. Go to Source
South Africa’s new AI framework sets foundation for tech leadership
As stakeholder consultations proceed, the feedback gathered will be instrumental in shaping a robust and effective AI policy. Go to Source
Coinbase cbBTC token may revolutionize Bitcoin DeFi adoption
Coinbase’s step marks the latest significant institutional entrant to the field of BTCFi. Go to Source
Bitcoin price bounces 4% as triple ‘death cross’ sparks sub-$50K warning
BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders. Go to Source
Dubai court recognizes crypto as a valid salary payment
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions. Go to Source
Arbitrum DAO boosts ARB utility with staking and governance upgrades
The DAO bolsters its framework and community by enabling ARB staking and enhancing token utility and security. Go to Source