Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of steps to expand their mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher […]
Phoenix Group, a crypto mining firm based in Abu Dhabi, has announced its plan to buy $187 million worth of new Bitcoin mining rigs from Bitmain Technologies. This move is part of a series of expansions to their mining operations. The purchase was conducted through Phoenix’s subsidiary, Phoenix Computer Equipment, and Bitmain dealer Cypher Capital […]
In a significant development, PayPal, the renowned payment processor, has taken a step forward in promoting decentralized finance (DeFi) protocols by incentivizing PYUSD liquidity on Curve Finance, the world’s largest stablecoin decentralized exchange (DEX) by trading volume. This move, first reported by Stake DAO on January 10, has created a stir in the crypto community, […]
Celsius, the once prominent crypto staking, lending, and exchange platform, has taken a bold stance against former clients who withdrew their funds before the company could freeze them. The company, which has now shifted its focus to Bitcoin mining following the approval of its bankruptcy plan, was the first major player in the crypto industry […]
Good day to all! The financial world is abuzz with the news that Spot Bitcoin ETFs have received approval from the SEC. This is a developing story, and we will be providing live updates over the coming hours.The news was announced in a rather haphazard manner. The approval document made a brief appearance on the […]
In a significant development, Grayscale, a prominent player in the US Bitcoin market, has confirmed the approval of a spot Bitcoin ETF. The company has announced that trading will commence from Thursday.Grayscale’s CEO, Michael Sonnenshein, has hailed this development as a “monumental step forward.” The approval of the spot Bitcoin ETF is indeed a significant […]
Ripple Labs Inc. has announced a significant step in its corporate strategy with the repurchase of a $285 million stake from its investors and employees. This move is part of a broader $500 million strategy, which includes the conversion of restricted stock units into common stock. The buyback strategy underscores Ripple’s resilience and offers an […]
Tune.FM is revolutionizing the music industry by empowering artists with up to 90% of streaming revenue on its Web3 platform. The platform has recently secured a $20 million investment, backed by Hedera, promising a decentralized future that challenges streaming norms and prioritizes revenue for artists.The music industry is taking a significant step towards decentralization with […]
LGT Wealth Management has made a significant announcement, introducing 11 new partners to the firm. This development follows a year of successful growth for the company, which included the acquisition of abrdn Capital.The new partners are Alice Gerry, Andrew Archer, Daniel Fresnais, Esther Clark, Henry Wilson, Robert Hardy, Scott Prout, Caroline Tye, Laurence Gagen, Matthew […]
Ripple Labs has fortified its position as a key influencer in the digital finance world by sponsoring the Euro 2024 Digital Conference, thereby establishing strategic connections. The Digital Euro Association (DEA) has recognized Ripple Labs as the main sponsor for the #DEC24 event, placing the fintech company alongside Ernst & Young, one of the “Big […]
