Author: NBTC
Jake Chervinsky, Fund Chief Legal Officer at cryptocurrency company Variant, warned that spot Ethereum ETFs are less likely to be approved in the United States by May than expected. “I’m not saying for sure that the Spot Ethereum ETF won’t be approved by May 23. I’m just saying that the legal issues and policy environment in Washington make rejection (or the SEC’s withdrawal request) more likely than general sentiment suggests,” Chervinsky said. . Many major companies, including BlackRock, Fidelity and Franklin Templeton, have applied for a spot Ethereum ETF in recent months. Despite BlackRock’s history of only one ETF rejection,…
MicroStrategy upsized its convertible debt offering to $700 million from $600 million to buy bitcoin. The conversion price of the notes represents 42.5% premium to March 5 close. MicroStrategy (MSTR) has upsized its convertible debt offering to $700 million from $600 million to buy more bitcoin (BTC). The Tysons Corner, Virginia-based firm, founded by staunch bitcoin advocate Michael Saylor, is now looking to raise $700 million through the sale of convertible seniors notes at an interest rate of 0.625% per annum, MicroStrategy said in a statement on Wednesday. The firm also announced the pricing of its convertible debt.…
The publicly-listed cryptocurrency mining company Argo Blockchain (NASDAQ: ARBK), has entered into an agreement to sell its data center located in Mirabel, Quebec for $6.1 million. It also disclosed its monthly mining output numbers, showing a decreased daily Bitcoin (BTC) production that fell 21% on a monthly bassi. The sale of the Mirabel facility, which has 5 megawatts of electrical capacity, represents a price of $1.2 million per megawatt. Argo expects the net proceeds from the transaction to first repay the outstanding mortgage on the Mirabel site, with the remaining funds used to reduce debt owed to Galaxy…
It has become clear that in this era of the digital age, artificial intelligence (AI) is becoming increasingly central to all of our lives. The call for integrating blockchain’s ‘decentralization and democratization’ with AI has been strongly voiced by Jasper De Maere, Outlier Ventures Research Lead. De Maere recently shared his thoughts on this imperative on Yahoo Finance’s Future Focus. AI Capabilities and Shortcomings De Maere elucidated, pinpointing the “questionable practices around data privacy and data security” inherent in centralized AI systems. “AI is great, but it also has some shortcomings,” he stated. His insights reveal a growing consensus among…
CoinSwitch has become the first Indian crypto exchange to surpass 20 million registered users. The accomplishment comes amidst a notable resurgence in user activity in India, which can be attributed to several factors. The approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, the potential approval of Ethereum ETFs, and the upcoming Bitcoin Halving event have all contributed to the bullish sentiment in the market. CoinSwitch Sees 5x Growth in User Registration CoinSwitch has witnessed a remarkable growth in user registrations, with numbers increasing fivefold since the beginning of 2024, surpassing the daily average user growth recorded in…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re debuting This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a…
Hungary is eyeing to establish a comprehensive crypto regulatory framework which would enable local banks to directly offer cryptos. The country’s move to embrace crypto comes at a time when the European Union’s Markets in Crypto Assets regulation, MiCA, is due to take effect in 2024. Early this month, Hungary government released the draft law on crypto markets, developed by the Ministry of National Economy (NGM). “The proposed law would regulate the future tradability of digital investment instruments,” the draft legislation noted, per a local report. According to the proposal, NGM stressed on two key points, firstly, the…
Crypto fanatics eager for a market-shattering Ethereum spot ETF launch may be in for an underwhelming surprise, according to Bloomberg ETF analyst Eric Balchunas. While the recent launch of multiple Bitcoin spot ETFs in the United States has proven phenomenally successful, Balchunas claims a follow-up launch for Ethereum would be “small potatoes” compared to the original. Do Ethereum ETFs Matter? In a post to X on Saturday, Balchunas wrote: “No offense to the ETH people but this is such small potatoes vs spot bitcoin ETFs. It’s like the opening act coming on after the headliner. Using GenX bands,…
Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital currency mining equipment. Digihost Expands Mining Fleet Under Newly Inked Multi-Year Hosting Deal Digihost (Nasdaq: DGHI; TSXV: DGHI) said the arrangement introduces 4,640 Bitmain-brand S19 XPs to Digihost’s fleet, poised to substantially boost its bitcoin mining efficacy before the forthcoming Bitcoin network halving event. Pursuant to the agreement’s stipulations, Digihost will welcome a $1.8 million deposit and the avant-garde miners, forecasting a rise in its…
In an unprecedented move that is set to transform the landscape of blockchain technology, Bybit Web3 has teamed up with the Solana Ecosystem for an extraordinary online discussion titled “Revolutionizing the Blockchain: Bybit and Solana Ecosystem’s Visionary Web3 Roundtable”. Scheduled for March 13, 2024, this event marks a pivotal moment in the history of blockchain, spotlighting the rapid advancements and future strategies of the Solana Ecosystem, the third-largest in the blockchain world. December 2023 witnessed a remarkable milestone for Solana, as it overtook Ethereum in Google search interest, underscoring its escalating prominence and impact within the blockchain arena. The upcoming…