Iris Coleman 21 Aug 2024 17:42 Bitfarms is set to significantly expand its energy portfolio by acquiring Stronghold Digital Mining in a $125 million stock-for-stock merger. According to globenewswire.com, Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) data center company, announced that it is acquiring Stronghold Digital Mining, Inc. (Nasdaq: SDIG) in a stock-for-stock merger valued at approximately $125 million. The transaction also includes the assumption of $50 million of debt. Strategic Expansion This acquisition is consistent with Bitfarms’ strategic plan to expand and rebalance its energy portfolio, with the goal of having approximately…
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Bitcoin (BTC) was flat at the open on Wall Street on August 21, but a “massive” U.S. jobs report boosted bullish risk asset bets.BTC/USD 1-hour chart. Source: TradingViewFed in focus as U.S. jobs declineAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price is moving steadily despite the plunge in US non-farm payrolls figures.According to data from the U.S. Bureau of Labor Statistics (BLS), that’s a decrease of 818,000 jobs on the day. So, from April 2023 to March 2024, the average monthly payrolls were overstated by 68,000 jobs.Popular trader Daan Crypto Trades wrote as part of his…
Everyone seems to agree that social media has become a cesspool, with cancel culture mobs enforcing ideological purity on one side and trolls spreading conspiracy theories on the other. X and Facebook have been accused of amplifying hate and conflict, and the riots in the UK show how a few social media posts can ignite a cauldron of boiling anger and resentment. In response, governments around the world are cracking down on free speech. Turkey has banned Instagram, Venezuela has banned X, and the British government has jailed people for inciting violence, and in some cases for simply holding outrageous…
Tonkeeper Launches Signer App to Enhance Security and Safety of Non-custodial Cryptocurrency Wallets – Chainwire housenewsroomTonkeeper Launches Signer App to Enhance Security and Safety of Non-custodial Cryptocurrency Wallets We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting…
Since its inception EthereumHigh transaction costs on the network have been a major problem in the cryptocurrency market, forcing users to look for alternatives for their daily activities. However, with recent developments in the network’s gas fees, Ethereum has the potential to see mass adoption as transaction costs drop to unprecedented levels. Ethereum Gas Fees Drop Due to Network Upgrade that Ethereum NetworkOne of the most popular options for cryptocurrency trading within the industry has seen gas prices fall to all-time lows, providing relief to users and developers who have long struggled with high transaction fees. EgyHash, a cryptocurrency trader…
The custody division of digital asset company Prometheum is Uniswap ( Uni +7.07% ) and arbitration( Ab +1.12% ), shortly after the soft launch of the Ether custody service.This means that institutional and corporate customers can store it. etherAccording to UNI and ARB via Prometheum Capital name The company disclosed this on Wednesday. Coindesk We previously reported this news.Prometheum Capital also announced plans to launch a custody service for institutional investors by the third quarter of this year.“Prometheum Capital will continue to expand its offering of digital assets for custody and future transactions will support digital assets including debt, equities,…
Rebecca Moen 21 Aug 2024 14:56 The SFC has issued a warning to ICE Global Professional Station, citing suspected impersonation and virtual asset-related fraud. The Hong Kong Securities and Futures Commission (SFC) has issued a public warning about a platform called “ICE Global Professional Station”. According to the SFC, the institution is suspected of being involved in impersonation and fraud involving virtual assets. Details of the warning The SFC issued an official statement warning the public not to interact with ICE Global Professional Station, emphasizing that the platform falsely represents itself as a legitimate…
Starknet has announced two major updates to its roadmap. The network announced that it will introduce STRK staking. STRK holders will be able to cast their first mainnet vote for this program. Starknet, an Ethereum Layer 2 scaling solution, announced plans to launch STRK staking on Tuesday, marking a major milestone for the network. As part of its development, Starknet proposed a community vote on the STRK token minting mechanism, inviting STRK holders to participate in the project’s first governance vote to take place on mainnet. STRK Staking In a post to X (Twitter) on August 20, Starknet said that…
Bitcoin Bitcoin -2.77% Mining company Bitfarms (ticker: BITF) has agreed to acquire rival Stronghold Digital (ticker: SDIG) in a $175 million equity and debt financing deal. The boards of directors of both companies have “unanimously approved” the acquisition, Due date In the first quarter of 2025.The two companies are merging in a $125 million stock-for-stock deal, with Bitfarms assuming $50 million of Stronghold’s debt. Bitfarms is paying a 71% premium to the 90-day volume-weighted average price of Stronghold stock as of August 16. Stronghold shareholders will receive 2.52 shares of Bitfarms’ BITF for each share they own.SDIG is up more…
Bitcoin (BTC) has been consolidating for the past few weeks, narrowing its range below $61,000. During this consolidation period, one of Bitcoin’s notable indicators has been on the rise, suggesting a “market consolidation finale.” According to a recent analysis by CryptoQuant analyst Axel Adler Jr., BTC’s average daily token transfers have surged significantly, recently reaching $57,000. According to data shared by Adler Jr., the increase in transaction volume from $650,000 to $765,000 coincides with the Bitcoin price stabilizing in the $57,000 to $68,000 range. The final stage of integration? According to analysts, the increasing transaction volume is particularly interesting because…