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Marathon Digital to Raise $500M in Convertible Senior Notes

Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has announced its plans to raise half a billion dollars as a debt offering via convertible senior notes. According to the notice from the company, the debt offering is only open to interested institutional investors, who may be allowed to acquire an extra $75 million worth of

Solana Joins BTC, ETH on Bloomberg Terminal

Solana (SOL) becomes the third cryptocurrency, after Bitcoin and Ethereum, to be added on Bloomberg terminals as a standalone price tracker was developed by the media giant and Galaxy Digital. American digital currency service provider Galaxy Digital’s European head, Tim Grant, said that Bloomberg Terminal’s price tracker “Bloomberg Galaxy Solana Index” will allow people to start tracking Solana on its

Crypto Mining Stocks Plummet Amid SEC Issues a Subpoena to Marathon Digital Mining Facilities

U.S.-based cryptocurrency mining firm Marathon Digital Holdings Inc has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its Hardin, Montana data centre. The document indicates that its Hardin data centre may violate the federal securities laws, so it received notifications to be investigated. The document is not without specific details. Marathon Digital

Nigeria’s E-Naira Gains Momentum, Tackles Influence of Volatile Cryptos

Nigeria’s further efforts to curb the influence of cryptocurrencies have begun to bear fruits, as its introduction of a centralised digital currency eNaira has lured about half a million users within three weeks. The adoption rate for the Central Bank of Nigeria digital currency has shown an upward trend. More than 488,000 people have downloaded

Crypto Giant Circle Plans to Establish Regional Headquarters in Singapore

Circle cryptocurrency company has set its eyes on thriving Asian cryptocurrency markets. The peer-to-peer payments technology firm based in Boston, Massachusetts, plans to launch its official headquarters in Singapore to expand its geographical presence in Asia. The blockchain-focused financial services and payment firm is also developing an investment arm called Circle Ventures that aims to

Institutional Bitcoin products tag record AUM despite volume pulling back

Institutional traders have locked a record sum of capital into Bitcoin investment products despite trade volume declining during the second half of 2021. According to CoinShares’ Nov. 15 “Digital Asset Fund Flows Weekly” report, Bitcoin (BTC) investment products saw total inflows of $97.5 million between Nov. 8 and Nov. 12 — pushing the sector’s assets