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Riot Platforms’ Bid Spurs Special Shareholders Meeting at Bitfarms


Bitfarms Ltd. has scheduled a special shareholders meeting for Oct. 29, 2024, in response to a requisition from Riot Platforms, Inc. The announcement on Friday claims Riot aims to disrupt Bitfarms’ ongoing strategic review process and acquire the company. The special committee of independent...

Binance France Replaces Changpeng Zhao with New Shareholders


Binance France has replaced co-founder Changpeng Zhao with two new shareholders to maintain its operational status in France and comply with local regulations. The post Binance France Replaces Changpeng Zhao with New Shareholders appeared first on Cryptonews

JPMorgan CEO Jamie Dimon Warns Against U.S. Inflation, Praises AI


JPMorgan CEO Jamie Dimon is warning fellow shareholders about increased U.S. inflation while praising the development of AI, his 2023 annual letter to shareholders reveals.  His comments come amidst greater conversations regarding the impact of current inflation rates as well as consequences of...

Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash


A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024. The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...

Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends


Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...

Bit Mining Sells Btc.com’s Mining Operations for $5 Million 


On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. This transaction is anticipated to bolster the total equity of Bit Mining’s shareholders, contingent upon certain concluding conditions. BTCM...

Bitfinex Owner Seeks Regulatory Leverage with $150 Million Buyback


In response to the recent regulatory challenges faced by Bitfinex, iFinex Inc., the Hong Kong-based parent company, is set to repurchase shares worth $150 million from its shareholders, constituting approximately 9% of the company's total outstanding capital. This move, reported by Bloomberg...

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