In a bold move that has raised eyebrows in the cryptocurrency industry, Marathon Digital Holdings—one of the world’s largest Bitcoin (BTC) mining companies—has announced plans to raise $250 million through a private offering of convertible senior notes. While the company frames this decision as a way to strengthen its Bitcoin holdings and support its long-term HODL strategy, industry experts are…
Marathon Digital Holdings Inc. (NASDAQ:MARA) Marathon Digital Holdings Inc. has announced plans to sell $250 million in convertible senior notes, with the proceeds earmarked for acquiring additional Bitcoin. This move aligns with a strategy similar to that of MicroStrategy Inc., which has been increasing its Bitcoin holdings over the years in anticipation of a rise in cryptocurrency prices. Strategic Moves…
The pace of adoption of crypto exchange-traded funds in the United States has been surprising even to Grayscale. Source: https://cointelegraph.com/news/crypto-etfs-expand-new-asset-types-indexes-grayscale-executive?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In its third letter to the SEC, the crypto exchange said it would withdraw the proposal, which was first released in 2022, and start over again. Source: https://cointelegraph.com/news/coinbase-sec-crypto-exchange-proposal-challenge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
On Aug. 12, 2024, the startup behind Perplexity, an AI-driven search engine and chatbot, revealed a new partnership with Polymarket, a blockchain-powered predictions market. With this integration, users searching for events on Perplexity will now find news summaries accompanied by real-time probability forecasts sourced directly from Polymarket. Perplexity and Polymarket Unite The AI-focused search engine […] Source: https://news.bitcoin.com/ai-search-engine-perplexity-teams-up-with-predictions-market-giant-polymarket/
Top NFT Collections Drive Significant Sales On August 11, DMarket dominated the non-fungible tokens (NFTs) market with an outstanding sales figure of $733,528, according to CryptoSlam data. DMarket, an NFT collection featuring in-game items from popular games such as Counter-Strike and Dota 2, outperformed other collections that day. The Mythos-based collection has achieved an all-time sales volume of $485.22 million,…
Top Bitcoin miner Argo Blockchain announced Monday that it had finished repaying a $35 million rescue loan from Galaxy Digital. Argo said that it had repaid the loan—which came from crypto asset manager and financial services firm Galaxy in 2022—ahead of schedule. Things were looking bad for the London-based company back in 2022, when a crypto bear market forced the…
The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term. Source: https://cointelegraph.com/news/price-analysis-8-12-spx-dxy-btc-eth-bnb-sol-xrp-doge-ton-ada?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Jarett Dunn (aka Stacc on Twitter) pleaded guilty Monday to fraud by way of an abuse of position, as well as transfer of criminal property. This comes after the Canadian national drained an estimated $2 million from Solana meme coin factory Pump.fun in May and airdropped the funds to random wallet addresses. When Dunn attacked Pump.fun, many spectators hailed him…
Thieves stole roughly $700,000 worth of Bitcoin along with other belongings in a robbery in a Costa Rican beach town last week, according to local news reports. At least eight armed robbers violently robbed a group of Israeli nationals at a social event in Puntarenas, Costa Rica, taking a “substantial” amount of Bitcoin from them, local news agency Teletica reported…
