MicroStrategy, a software company led by Michael Saylor, has expanded its convertible senior notes offering from $500 million to $525 million.The company plans to use the proceeds to acquire more Bitcoin, following a strategy it has been pursuing since 2020, according to a recent press release.MicroStrategy announced that it has priced its 0.875% convertible senior notes due 2031 in a private offering to qualified institutional buyers. The bonds are sold at an annual interest rate of 0.875% and 100% of the principal on a semi-annual basis. After March 2028, the Company may repay in cash an amount equal to 100%…
Author: Crypto Flexs
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Crypto analyst and professional trader Kevin Svenson has suggested that Bitcoin (BTC) could hit an all-time high above $80,000 before the upcoming halving event. According to Svenson, volatility is expected to increase as Bitcoin enters stage 4 of its current parabolic pattern. This pattern typically exhibits a stepped structure consisting of four levels, with prices tending to pause and fluctuate before continuing an upward trend. In anticipation of this, many investors are expected to jump into the market. But Svenson also warned of potential near-term risks after the halving. He highlights the likelihood of a significant sell-off following the April…
Canto announced on Friday that it is pushing a new Cyclone Stack update consisting of three major upgrades: the Callisto upgrade, the Kallichore upgrade, and the Elara upgrade. The upgrade is designed to reduce blocking times, speed up storage access, and set a new standard for execution, according to a statement from Canto reviewed by CoinDesk.
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency markets have been hit by Bitcoin’s recent surge to all-time highs, potentially signaling the start of altcoin season. As Bitcoin reaches new milestones, there is renewed interest in the cryptocurrency space. This heightened interest is leading to increased trading activity and speculation, not only in Bitcoin but also in altcoins. As a result, some investors see opportunities to diversify their portfolios by exploring promising cryptocurrency projects that demonstrate potential for growth and innovation. In this article, we will discuss the best cryptocurrencies that have the…
Starbucks is pausing its NFT program, with Steve Kaczynski leading the way, who is optimistic about the future of loyalty programs and NFTs as the company plans its next digital strategy. Global coffeehouse chain Starbucks has announced it is discontinuing its beta non-fungible token (NFT) program as it readjusts its approach to digital loyalty incentives. Program leader Steve Kaczynski shared mixed feelings about the decision, indicating uncertainty about his position at Starbucks while maintaining a positive outlook on the potential of NFTs within the loyalty space. represents . Starbucks’ NFT initiative was part of a broader attempt to integrate blockchain…
Ethereum (ETH) rival Solana (SOL) has overcome the cryptocurrency market slump thanks to its new integration with Binance’s Web3 wallet. According to CoinGecko, the fifth-largest cryptocurrency asset by market capitalization is up more than 5% in the past 24 hours, while the overall cryptocurrency market cap is down 3.8% over the same period. Binance Called Web3 Wallet users can now trade SOL and access various DApps and future airdrops. However, some cryptocurrency analysts believe that Ethereum’s rival is ready for a correction. Ali Martinez earlier this week said SOL’s Tom DeMark (TD) sequential indicator flashed a sell signal on the…
Cetera Financial Group, a platform with $475 billion in assets under management and $190 billion in assets under management, has approved four U.S. spot Bitcoin exchange-traded funds (ETFs) for use in brokerage accounts on its platform. “We are cautiously embracing Bitcoin ETFs and are confident that financial experts will (…)
AlphaOrBeta powered by OpinionLabs launched BNB Zone on March 8, marking a new milestone in the Binance ecosystem. This launch represents an innovative approach to opinion and prediction markets, providing users with a dynamic platform for engagement and insight sharing. At the same time, AlphaOrBeta, which was selected as a member of Binance Labs’ Most Valuable Builders (MVB) Season 7, accumulated over 100,000 users and 10,000 DAU in just two months, securing the Top 1 SocialFi project position in Mantle and ranking 4th in Arbitrum. I did. . Following this achievement, the team plans to release a large reward pool,…
Marathon Digital Holdings announced that it has reached an agreement with Applied Digital to purchase a 200 megawatt (MW) Bitcoin mining facility in Texas for $87.3 million. This acquisition will be paid for in cash from Marathon’s holdings, and will be finalized once all price adjustments are completed.The acquisition will increase Marathon’s total Bitcoin mining capacity to approximately 1.1 gigawatts, which powers the fictional “Flux Capacitor” from the movie Back to The Future. That’s roughly equivalent to the 1.21 gigawatts needed to do it. Fred Thiel, Marathon’s Chairman and CEO, noted that the transaction will provide increased operational control, reduce…
Optimism introduces major updates to fault proofs, affecting the withdrawal process for bridges and exchanges on the OP Mainnet and OP Sepolia. Optimism (OP), the leading layer 2 scaling solution for Ethereum, will be implementing significant changes to its fault proof system. This directly impacts bridges, centralized exchanges, and custom solutions that handle withdrawals. This development is very important for stakeholders within the Optimism ecosystem as it requires them to adapt their systems to the new withdrawal confirmation process. Fault Prevention System Update Overview The upgrade moves from L2OutputOracle to a new system consisting of OptimismPortal and DisputeGameFactory. L2OutputOracle, previously…