According to Bloomberg, Singapore-based asset management firm Whampoa Group plans to raise $50 million for a crypto hedge fund and has announced plans to set up a venture capital fund to invest in digital assets. According to early estimates, the company intends to set aside $10 billion for a cryptocurrency venture fund. The Whampoa Group … Read more
CleanSpark, a Las Vegas-based cryptocurrency mining company, is purchasing a facility in Georgia from its rival crypto miner Mawson Infrastructure Group. CleanSpark said on Friday that it will pay up to $33 million for the facility, with additional $9.5 million for 6,468 ASIC miners owned by Mawson at the facility. CleanSpark stated that the purchased … Read more
Bank of America (BAC) has talked about the recent decision by the Binance exchange to convert all existing user balances and future deposits of three stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native Binance USD (BUSD). On Friday, the bank released its research report pointing out that while Binance’s move … Read more
London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE). Following the approval, the U.K.-based firm said it has signed an agreement with VARA to allow Blockchain.com to open an office in Dubai, believing it will soon begin offering … Read more
Nasdaq-listed business intelligence and software firm, MicroStrategy Incorporated said it would sell up to $500 million in Class A stock to buy more bitcoin, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Friday, Bloomberg reported. MicroStrategy sells 500 million shares to buy more bitcoin MicroStrategy announced that it will enter … Read more
Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on a short squeeze which began … Read more
The below is a direct excerpt of Marty’s Bent Issue #1259: “Bitcoin is action. The accumulated momentum is going to be hard to stop.” Sign up for the newsletter here. This morning I listened to a recent Macro Voices podcast with Brent Johnson from Santiago Capital. It was a very good conversation about the state … Read more
This is an opinion editorial by Robert Warren, partner at Distributed Hash and business development at Upstream Data Inc. This is the story of a father and son team that began their journey looking for cheap energy but found themselves sitting on one of the largest waste energy sources in the industry. The natural gas … Read more
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. A few days ago, one of the largest Bitcoin mining pools, Poolin, suspended withdrawals from their … Read more