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Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
25.4.2024
Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company anticipates its expenses will soar to between $96 billion...
Can crypto traders out-predict Wall Street on Coinbase Q1 earnings?
24.4.2024
Coinbase has surpassed EPS estimates for the last four quarters, and crypto analysts expect this trend to continue next week
NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends
22.4.2024
Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors...
Crypto Wealth Management Firm Abra Launches New Platforms for Private Clients
18.4.2024
Crypto wealth management firm Abra said it has launched the “Abra Prime” and “Abra Private” platforms for private clients and received approval from the U.S. Securities and Exchange Commission to operate as an investment advisor
The post Crypto Wealth Management Firm Abra Launches New Platforms...
Privacy Protocol Railgun Denies Any Link to Lazarus Group
17.4.2024
The EVM privacy protocol Railgun refutes claims linking North Korea's Lazarus Group to its platform, citing Private Proofs of Innocence system that blocks sanctioned users.
The post Privacy Protocol Railgun Denies Any Link to Lazarus Group appeared first on Cryptonews
Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche
16.4.2024
The loans are currently live in Colorado and plan to extend to other states
Why MicroStrategy Could Flood The Market With 1.6 Million Shares Of MSTR
10.4.2024
MicroStrategy's convertible bonds are due in December 2025, and seem due to a large-scale conversion into equity.
The post Why MicroStrategy Could Flood The Market With 1.6 Million Shares Of MSTR appeared first on Cryptonews
Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment
9.4.2024
The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa...
Keychainx CEO Says Advanced AI and Nvidia GPUs Assisted in Recovering 120 BTC
8.4.2024
According to the CEO of Keychainx, new wallet features and security upgrades, such as 25-word passphrases, Shamir secrets, and two-factor authentication (2FA) for Electrum wallets, can decrease the likelihood of recovery if access is lost. The CEO stated that advanced artificial intelligence (AI)...
Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?
3.4.2024
Key management is crucial to Bitcoin maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain
Banks like Citi adopt blockchain and tokenization in private markets
28.3.2024
In collaboration with Wellington and WisdomTree, Citigroup Inc. conducted a simulation regarding the tokenization of private funds in blockchain wagering. This endeavor was designed to demonstrate how a blockchain network can tokenize a private equity fund. Wall Street may embrace distributed...
Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges
28.3.2024
The Hague Conference on Private International Law has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets.
The post Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges...
Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms
27.3.2024
Crypto mining firm Bitdeer Technologies is reportedly in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity.
The post Crypto Miner Bitdeer Seeks $100M Financing from Private Credit Firms appeared first on Cryptonews
Security Vulnerability in Apple’s M-Series Chips Puts Mac Users’ Crypto Private Keys at Risk
22.3.2024
Researchers have uncovered a significant security vulnerability in Apple's M-series chips, raising concerns about the safety of crypto private keys stored on Mac computers.
The post Security Vulnerability in Apple’s M-Series Chips Puts Mac Users’ Crypto Private Keys at Risk appeared...
MicroStrategy Plans Another $500 Million Private Offering of Convertible Senior Notes, Will Use Proceeds to Buy Bitcoin
13.3.2024
MicroStrategy is diving back into the market with a new $500 million private offering of convertible senior notes. The firm plans to use the proceeds to bolster its already considerable Bitcoin holdings. This comes after a previous successful offering and underscores MicroStrategy's unwavering...
Coinbase Announces $1B Bond Sale
13.3.2024
Cryptocurrency exchange Coinbase Global, Inc., has announced a private offering of $1 billion convertible senior notes which will be due in 2030.
The post Coinbase Announces $1B Bond Sale appeared first on Cryptonews
Bernstein Doubles Down On $150k Bitcoin Prediction, Says Miners Are A Strong Buy
12.3.2024
Bernstein analysts maintain their bullish stance on Bitcoin, predicting a $150K price target amidst strong ETF performance. The firm believes Bitcoin miners offer major equity-based leverage as the halving event approaches.
The post Bernstein Doubles Down On $150k Bitcoin Prediction, Says Miners...
Thailand SEC Clears Path for Accredited Investors to Dive Into US Bitcoin ETFs
12.3.2024
Thailand's securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. Access to these funds will be restricted to institutional investors and individuals with ultra high net-worth.
The post Thailand SEC Clears Path for Accredited...
Optimism Foundation Executes $89 Million OP Private Token Transaction
8.3.2024
The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s...
Optimism Sells $89M OP Tokens in Private Transaction
8.3.2024
The tokens have been sold to an undisclosed buyer and will be vested for two years