Day: June 16, 2024

Crypto ETF Expansion: A Mix of Greed and Opportunity

According to Tether and WAX co-founder William Quigley, the momentum behind cryptocurrency ETFs in the United States is set to accelerate, spurred by Wall Street’s insatiable greed for new, profitable products. Following the approvals of spot Bitcoin and Ethereum ETFs, Quigley forecasts a rapid proliferation of similar products for other major cryptocurrencies like Solana and […]

Riot Platforms Increases Stake in Bitfarms Despite Rejected Takeover Bid

Riot Platforms, a major player in the Bitcoin mining industry, persists in acquiring shares of Bitfarms even after its initial takeover bid was turned down. Toronto-based Bitfarms labeled Riot’s April offer, which valued the company’s shares at $2.30 each, as undervaluing the company. This rejection came despite Bitfarms’ share price standing at $2.81 just before […]

MicroStrategy Upsizes Note Offering to $786 Million to Boost BTC Holdings

In a bold move to expand its Bitcoin portfolio, MicroStrategy announced an increase in its offering of unsecured senior convertible notes from the initially planned $500 million to a whopping $700 million. This figure could further escalate to $786 million if initial purchasers exercise their option to buy additional notes. The announcement, made on Friday […]

New York AG Recovers $50 Million for Gemini’s Earn Investors

The New York Attorney General’s office, led by Attorney General Letitia James, announced a significant recovery of approximately $50 million on behalf of over 230,000 investors involved in the Gemini Earn program. This recovery adds to the relief efforts following the program’s controversial collapse, which affected hundreds of thousands, including at least 29,000 New Yorkers. […]

Bitcoin’s Bullish Future: Projected to Hit $200,000

Despite recent market volatility and price dips, Bitcoin is on a trajectory to reach $200,000 within the next year, according to a new analysis by global investment firm AllianceBernstein. In a research note released Thursday, Bernstein identifies constrained Bitcoin supply and burgeoning demand from spot ETFs as key drivers behind this optimistic forecast. The firm’s […]

Notcoin Leads Crypto Surge as TON Rivals Ethereum

The Telegram-based clicker game Notcoin (NOT) has emerged as the top performer among the 100 leading crypto tokens, with an impressive 10% surge in value over the past 24 hours. This significant gain coincides with The Open Network (TON), the underlying blockchain for Notcoin, achieving a landmark by matching Ethereum in daily active wallets. Notcoin […]

Hamster Kombat: A Gaming Phenomenon on Telegram

Telegram’s gaming landscape has been dramatically reshaped by Hamster Kombat, a crypto gaming sensation that recently announced it now commands a player base exceeding the population of Russia, with over 150 million players. This staggering figure marks a 50% increase from just last week, highlighting a rapid and robust growth within the gaming community. Hamster […]