The largest Bitcoin mining companies are steadily claiming greater dominance over Bitcoin’s network security, even though their stock performance this year might not suggest such success. JP Morgan analysts summed up the current state of the market in their “September ’24 Bitcoin Mining Halftime Report” published Monday, noting that publicly listed U.S. mining companies saw their piece of the network…
On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to […] Source: https://news.bitcoin.com/microstrategy-announces-700m-private-offering-for-debt-buyback-and-bitcoin-acquisition/
Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow. Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after a period of outflows where investors cashed out $1.2 billion…
US House lawmakers will hear from a former SEC commissioner and crypto industry leaders at their “Dazed and Confused” digital assets hearing on Sept. 18. Source: https://cointelegraph.com/news/sec-officials-testify-hearing-politicization-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A 64-year-old man paralyzed by ALS was able to communicate via his thoughts to his smart devices using a new type of brain implant that avoids potentially risky brain surgery. The man, identified only as “Mark” in a YouTube video uploaded Monday by Synchron, a New York-based company that makes the brain-computer interface, was apparently able to control a range…
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC. Source: https://cointelegraph.com/news/micro-strategy-announces-third-debt-offering-2024-plans-raise-700-m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BOB (Build on Bitcoin), a hybrid layer two (L2) solution integrating Bitcoin and Ethereum, has launched BOB Stake, a new one-click bitcoin staking product. The platform allows users to stake bitcoin (BTC) and utilize Liquid Staking Tokens (LSTs) across decentralized finance (defi) applications. BOB Introduces One-Click Bitcoin Staking Portal and SDK According to the announcement […] Source: https://news.bitcoin.com/bitcoin-l2-bob-launches-one-click-btc-staking-solution/
Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally. Source: https://cointelegraph.com/news/fantom-ftm-price-surges-40-in-a-month-what-s-behind-the-momentum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The large private companies will work with seven central banks on improving structural inefficiencies in international transfers. Source: https://cointelegraph.com/news/bis-project-agora-tokenized-deposits-cdc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MicroStrategy, the largest corporate reserve holder of Bitcoin with over $14 billion worth, announced Monday that it plans to buy even more Bitcoin as part of a private offering of $700 million worth of convertible senior notes. The firm said that it will use proceeds from the sale to redeem $500 million in previous senior secured notes that are due…
