Marathon Digital Holdings announced its intention to issue $250 million of convertible preferred notes in a private placement to qualified institutional buyers.The company plans to use the net proceeds from the sale to acquire additional Bitcoin and for general corporate purposes.Services provided by Marathon are subject to market and other conditions, meaning there is no guarantee that they will be completed within the planned terms, regardless of intent.The bonds are unsecured preferred bonds with interest paid semiannually on March and September 1 each year, starting from next year. These bonds mature on September 1, 2031, unless repurchased earlier.Marathon Digital’s intention…
Author: Crypto Flexs
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Zooko Wilcox, founder of privacy coin Zcash, has joined Shielded Labs and is looking to accelerate the protocol’s upgrade to a hybrid proof-of-stake system.In an August 10 blog post, Zooko Wilcox, founder of Zcash and now head of new product at Shielded Labs, said that after eight years of using proof-of-work mining, the privacy currency needs to upgrade to a hybrid proof-of-stake system.He noted that the PoW consensus and the creation of new ZEC coins have put downward pressure on the price, but “this pressure is expected to ease as the rate of new coin creation slows.”The two major planned…
The Bitcoin price on August 12, 2024 is $59,777, with a 24-hour price range of $57,814 to $61,054. The cryptocurrency has a market cap of $1.16 trillion, with a 24-hour volume of $29.81 billion. As Bitcoin navigates this difficult environment, technical indicators show continued bearish momentum, testing the resolve of bullish investors. Bitcoin 1 hour (…)
Felix Pinkston Aug 9, 2024 03:45 Gala Games is launching a limited time rebate offer on the Finley ProtoVOX costume, giving you $100 in $GALA back. Act fast before it’s gone. Gala Games has announced a new limited-time discount opportunity focused on the Finley ProtoVOX Outfit. The offer is part of preparations for the V1 release of their highly anticipated VOX mobile crafting and strategy game, Project Cerberus, according to Gala News. New Rebate Sale The Finley ProtoVOX Skin NFT will be available for a limited time on the Gala Games store. Buyers will…
Bitcoin continues its tumultuous August with volatility set to increase as it starts the week by dropping below $60,000.Bitcoin (BTC) price action, which showed a dramatic recovery after crashing to a six-month low, is trying to regain its bullish momentum.Who will be in control going forward?The stage is already set for a fierce battle between bulls and bears, but there are plenty of factors that could drive volatility and provide some surprises.The most important of these comes from outside the crypto world in the form of US macroeconomic data.Amid the debate over how the Federal Reserve will handle global market…
Ethereum price has started a downward correction in the $2,700 zone. ETH is currently consolidating and struggling to stay above the $2,500 support level. Ethereum started a downward correction below the $2,650 and $2,620 levels. The price is trading below $2,650 and the 100 hourly simple moving average. The bullish trend line connecting the support level at $2,620 has broken down on the hourly chart of ETH/USD based on data provided by Kraken. The pair could rally again if it stays above the $2,550 support zone. Ethereum Price Declines and Revisits $2,550 Ethereum price struggled to extend its uptrend above…
Kamala Harris’ odds of winning the upcoming presidential election have surpassed Donald Trump’s on decentralized prediction market platform Polymarket over the weekend.Harris’s multiplication The odds of winning the November election rose to 52% today at Polymarket, while Trump’s odds of winning have fallen from 70% in mid-July to 46%. Harris reversed Trump’s odds on Saturday.The US election results remain the biggest prediction market The platform’s trading volume has now exceeded $572 million.Harris’ team Started contacting As cryptocurrencies become part of the cryptocurrency industry, election debate Over the past few monthsAnd her pro-cryptocurrency rival, Trump, has echoed this. his support Bitcoin…
A widely known cryptocurrency analyst has updated his outlook for Bitcoin (BTC) and Ethereum (ETH), while also expressing a bullish outlook for large-cap altcoins. In a new thread, anonymous cryptocurrency trader Credible Crypto told his 408,700 followers on social media platform X that XRP, the token used to power Ripple Labs’ payments platform, is about to have an “inevitable massive surge” now that its legal troubles are behind it. According to Credible Crypto, XRP is now set for explosive growth after its legal battle with the U.S. Securities and Exchange Commission (SEC) ended with a $125 million fine. “The question…
Iris Coleman 12 Aug 2024 04:50 a16z crypto provides guidance on token best practices, financial models, and the innovation ecosystem, while highlighting recent blockchain developments in California. a16z crypto is a renowned venture capital fund that has been investing in crypto and web3 startups since 2013. According to a16z crypto, the firm has recently explored the intricacies of token utilization and emerging trends in the blockchain space in a series of articles. Token Best Practices Tokens are fundamental to the web3 ecosystem, but their optimal use is still evolving. a16z crypto addresses common questions…
Regulations • August 12, 2024 1:39 a.m. EDT Posted 1 minute earlier ~ in As Thailand’s securities regulator launches a sandbox for cryptocurrency companies, the country continues to explore the fine line between regulatory restrictions and cryptocurrency innovation.On Friday, the Securities and Exchange Commission of Thailand said: The sandbox is designed to “facilitate experimentation and innovative development that supports the efficient delivery of digital asset services in real-world settings.”The launch of the sandbox follows the SEC’s approval of the creation of a cryptocurrency sandbox in March, followed by a public hearing in May.Specifically, the SEC said the sandbox is intended…