Company • July 2, 2024 3:19 AM EDT Posted 1 minute earlier In ~ Iris Energy, an Australian-based Bitcoin mining company, recently raised about $413.4 million in a share offering to fund its expansion following the Bitcoin halving.The Nasdaq-listed company raised money by selling 39.8 million shares between May 15 and June 28, the company said Monday. namefirst Reported According to TheMinerMag, the company’s 2024 expansion plans are fully funded with $425.3 million in cash reserves, including market proceeds due in July, and no debt.According to the press release, Iris Energy plans to expand operations to reach 30 EH/s in…
Author: Crypto Flexs
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ChainGPT integrates with Solana for IDO. The Solana network has experienced significant growth. Phantom Wallet integration ensures user connectivity. Finding funding has always been one of the most difficult challenges when starting a project in the startup space. However, for cryptocurrency startups, this process is simplified as they utilize blockchain technology to reach the community without intermediaries. Although not without its drawbacks, the Initial DEX Offerings (IDO) process is much more democratic than traditional startup funding. Specifically, IDOs are open to everyone, not just seasoned investors and venture capitalists. Thanks to these advantages, ChainGPT recently expanded its IDO launchpad and…
Cryptocurrency exchange OKX has announced its support for the upcoming RNDR token migration to RENDER, in accordance with the official plan set by Render Network. The migration will be carried out at a 1:1 ratio and will follow a systematic schedule to ensure a smooth transition for users.Migration ScheduleThe migration process is scheduled to begin on July 9, 2024. As part of this process, all pending orders for RNDR tokens will be canceled and RNDR spot trading pairs RNDR/USDT and RNDR/USDC will be suspended at 8:00 UTC on the same day. After that, RNDR transfers,…
Funds • July 2, 2024 1:08 AM EDT Posted 1 minute earlier In ~ The 11 U.S. spot Bitcoin exchange-traded funds reported positive inflows for the fifth straight day on Monday, with a total daily net inflow of $129.45 million. Monday’s net inflows also marked the largest fund acquisition the ETF has seen since June 7.Fidelity’s FBTC led the way yesterday with $65 million inflows, while Bitwise’s BITB recorded $41 million. data At SosoValue, Ark Invest and 21Shares’ ARKB reported net inflows of $13 million. Funds from Invesco, Galaxy Digital, VanEck and Franklin Templeton saw relatively small inflows of less…
Bookmakers are smart and the latest innovations in the online gambling world prove it. We live in the era of no-account casinos, or pay-and-play casinos, where registration is not required. This article explains exactly how these innovative gambling sites work and why they are making such a splash in the online betting community. How do casinos without accounts work?Traditional betting sites require customers to go through an account creation process before they can start betting. Casinos without accounts have forgotten this step. Instead of filling out lengthy registration forms, players can now jump right into the action by verifying their…
PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, has now been integrated into Crypto.com Pay, Paxos announced. This development aims to further expand the utility and accessibility of PYUSD to millions of Crypto.com users. Enhanced Utility of PYUSD PYUSD was created to provide a stable digital currency designed for commerce and payments. The integration with Crypto.com Pay is in line with this vision, allowing users to utilize PYUSD for a variety of transactions. Crypto.com users can now use PYUSD to send money to friends, purchase gift cards from 100+ brands, shop on the…
Company • July 1, 2024 9:57 PM EDT Posted 1 minute earlier In ~ Updated: July 1, 2024 10:57 PM EDT Binance.US, the U.S. arm of the world’s largest cryptocurrency exchange, said Friday it is “prepared” for a court ruling that would allow the Securities and Exchange Commission to continue its lawsuit against the exchange.The company wrote X post He said he “expects” the case to be investigated further. “Specifically, the SEC has not yet found any evidence of wrongdoing by Binance.US in the extensive 11-month investigation we have engaged in to date,” Binance.US said in the post.Binance’s response comes…
A widely known analyst has issued a warning about a crypto bear market, saying the window of opportunity to drive the market lower is closing in. Flow Horse, an anonymous analyst, told his 220,100 followers on social media platform X that he is bullish on dogwifhat (WIF), a Solana (SOL)-based meme token. According to analysts, WIF is one of the fastest horses in the Mimecoin sector and is expected to continue its relative strength until the bull market ends. “WIF repurchase. The most powerful meme that says that a market is no longer bullish means that the lineup of market…
According to Grayscale’s recent market commentary, Bitcoin (BTC) is facing a significant supply glut as of June 2024. This glut is said to be impacting the cryptocurrency’s market performance, adding to the complexity of the already volatile digital asset market. Market Dynamics and Oversupply Supply overhang is a situation where the supply of tradable Bitcoin exceeds demand, putting downward pressure on the price. This can be caused by a variety of factors, such as large amounts of Bitcoin moving to exchanges, increased mining activity, or large sales by major holders. Grayscale’s analysis highlights that this…
Paxos has received approval from the Central Bank of Singapore to provide certain services, which will ultimately allow the company to issue stablecoins that are compliant with the country’s stablecoin framework.Paxos Digital Singapore Pte. LTD., the Singapore-based entity of Paxos, has been granted the right to offer “digital payment token services” as a primary payment institution, the stablecoin issuer said in a statement on Monday. “Stablecoins issued under the standards set by regulators like the Monetary Authority of Singapore (MAS) are renowned for their rigorous regulatory standards and are a critical step toward democratizing access to commerce and financial services,”…