MicroStrategy completes $500 million offering, plans to buy more Bitcoin

MicroStrategy completes $500 million offering, plans to buy more Bitcoin

Software company MicroStrategy has today completed its $500 million offering of secured notes, according to a statement. The company said it plans to use these proceeds, which it estimates at $488 million — after discounts, comissions and expenses — to buy more bitcoin. The offering was of secured notes due 2028 that bear interest at […]

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Galaxy Digital and NfX lead $9 million raise into Ramp

Galaxy Digital and NfX lead $9 million raise into Ramp

Ramp, the payments infrastructure startup focused on crypto on-ramps, has closed a $9 million seed round led by venture capital firm NfX and Mike Novogratz’s Galaxy Digital. Founded in 2017, Ramp styles itself as a “PayPal for crypto” service. It aims to make the process of interacting with crypto-assets — whether that’s bitcoin or Non-Fungible […]

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Thai regulators ban exchanges from trading meme tokens and NFTs

Thai regulators ban exchanges from trading meme tokens and NFTs

Digital asset platforms can no longer trade meme-based tokens, non-fungible tokens (NFTs) and exchange-issued tokens in Thailand after the country’s Securities and Exchange Commission banned them on Friday, according to the Bangkok Post.  The ban applies to tokens like Dogecoin, which was created as a joke but has gained a lot of popularity in the […]

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Italian securities regulator head says crypto could negatively affect market

Italian securities regulator head says crypto could negatively affect market

The head of Italy’s securities market regulator, Commissione Nazionale per le Società e la Borsa, has said the increasing use of cryptocurrencies outside of a regulated marketplace may have negative consequences. According to a Reuters report published Monday, Consob chairman Paolo Savona called for increased regulation, saying cryptocurrencies could lead to illegal activity like money […]

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Mark Cuban: DeFi could be the ‘next great growth engine’ for the US

Mark Cuban: DeFi could be the ‘next great growth engine’ for the US

Mark Cuban, billionaire investor and owner of the National Basketball Association’s Dallas Mavericks, said yesterday that the U.S. government and regulators need to start getting behind crypto innovations, such as the decentralized finance (DeFi) industry. Otherwise, he argued, the U.S. will “lose the next great growth engine that this country needs.” His thoughts came in […]

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Allianz Chief Economic Advisor Says Elon Musk has a Huge Influence on Bitcoin Adoption

Mohamed A. El-Erian, the chief economic advisor for Allianz, an asset management and insurance firm recently appeared on CNBC’s Squawk Box, where he talked about Fed’s recent meeting, Bitcoin and Elon Musk. The chief economic advisor said Bitcoin is currently in a tug-of-war between regulation and adoption. He said Elon Musk, the Tesla CEO has […]

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Just-In: Hut 8 Mining to go Live on Nasdaq This Week

Hut 8 Mining, the largest North American crypto mining company is all set to debut on Nasdaq later this week. The firm’s stock would be listed on Nasdaq Select Market. The firm holds one of the highest installed capacity rates in the industry and is a global leader in held, self-mined Bitcoin of any crypto […]

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Thailand Issue Outright Ban on NFTs and Meme Coins Amid Crypto Crackdown

In a major crackdown on the new-age cryptocurrencies, the Thai Securities and Exchange Commission (SEC) has banned all local exchanges from trading exchange-issued tokens, meme coins, fan-based tokens, and other non-fungible tokens (NFTs). The regulatory action basically targets mem coins like Dogecoin (DOGE) which started as a joke cryptocurrency and has recently driven major frenzy […]

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