Crypto

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Microstrategy Announces $500 Million Convertible Note Sale to Boost Bitcoin Holdings 

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On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures. Microstrategy Continues Bitcoin Bet, Plans $500M Convertible Bond Sale Microstrategy … Read more

Thai Rule Change Allows Asset Management Funds to Invest in Bitcoin ETFs

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Thailand-based asset management funds can now launch private funds for investing in U.S. spot bitcoin exchange-traded funds (ETFs), according to the country’s securities regulator. The approval of bitcoin ETFs by U.S. regulators has opened opportunities for Thai asset management firms to gain exposure to the premier crypto asset. Only Institutional Investors and Ultra-High-Net-Worth Individuals Are … Read more

Peter Schiff Downplays Importance of Bitcoin Halving — Discusses ‘What Matters Most’ for BTC Price

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Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and … Read more

New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations

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A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey and Reves A federal court in New York has affirmed the plausibility of the … Read more

Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin

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Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold in collaboration with the Israeli Capital Market, Insurance … Read more

Nigeria’s Binance Impasse: Senior Executives Detained at Government ‘Guesthouse’ for 14 Days

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Tigran Gambaryan, a former U.S. federal agent, is one of two Binance executives being held without charge by Nigerian authorities. A local court approved the executives’ 14-day detention. Recent media reports suggest that Nigerian officials have requested Binance to disclose the identities and transaction histories of its top 100 users. Detained Executives’ Families Demand Their … Read more

Cleartoken Secures $10M in Funding to Pioneer UK’s First Digital Asset Clearing House

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On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that it’s raised $10 million in order to … Read more

Avalanche (AVAX) Price Surges Amidst Increased Activity And Governance Developments

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Over the past 24 hours, the price of Avalanche (AVAX) has experienced a significant surge, climbing by more than 9%. This remarkable uptick in value coincides with a noteworthy development within the Avalanche ecosystem. According to data from Intotheblock, Avalanche has witnessed a substantial increase in the total volume of large transactions, reaching a staggering … Read more

Vanar Blockchain Surges 56% After Announcing Partnership With NVIDIA

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In a significant development for the blockchain industry, Layer1 blockchain platform Vanar has announced a strategic partnership with technology giant NVIDIA.  Following the announcement, Vanar’s native token $VANRY experienced a remarkable surge, climbing by up to 56% within a span of 24 hours and reaching a current price of $0.36. 📢 MAJOR ECOSYSTEM ADOPTION 📢 … Read more

Ethereum’s Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability

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The Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. … Read more

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