Hut 8, a prominent North American digital asset mining company, recently announced significant amendments and amendments to its credit facility with Coinbase, marking a pivotal moment in the digital asset finance space, according to PRNewswire. This new measure brings the total loan amount to $65 million, which is an addition of $15 million to the existing line of credit. This development is particularly noteworthy given the use of Bitcoin as collateral, highlighting the evolving landscape of digital asset utilization in corporate finance. Transaction Overview Hut 8, along with its subsidiary Hut 8 Mining Corp., renegotiated its credit facility with a…
Author: Crypto Flexs
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As the price of Bitcoin rises, more and more on-chain signals are pointing to an overheated cryptocurrency market. These signals have proven particularly relevant in the context of Bitcoin’s impending halving. BeInCrypto provides four on-chain signals that indicate the possibility of an imminent modification. This is especially relevant in light of the current price action, which shows many similarities to the 2019 fractal. At the time, BTC price also had a strong upward trend, but suffered a major correction a few months before the halving. Does on-chain data support these predictions? Is the halving period correlated with the decline in…
Orbit Chain, a decentralized cross-chain protocol, is allocating a significant amount of money to identify the culprits who stole $81 million worth of cryptocurrency assets from its platform. Last December, attackers exploited the protocol’s cross-chain bridge to steal $30 million in USDT, $22.5 million in Ethereum (ETH), $10 million in DAI, $10.44 million in Wrapped Bitcoin (WBTC), and $10 million in USDC. . After the breach, the Orbit Chain team sent out a notification. urge The hackers plan to negotiate until 10 a.m. on January 11. “All communications based on standard protocols, including bug bounties, will terminate after 10:00 AM…
Daniel Roberts Co-CEO Bitcoin mining company Iris EnergyIt raised ‘an important issue’. Bitcoin ETF Spot. He believes this could lead to “significant problems” in the long term as the fund continues to attract interest from more investors. What are the main problems with spot Bitcoin ETFs? Roberts expressed concern. Limited supply of Bitcoin There was a post by X (formerly Twitter) about what he believed could be a problem for the Bitcoin ETF. He mentioned how this class of ETFs became the first ETFs with underlying assets. Supply is limited For a certain amount. The maximum total supply of BTC…
Spot Bitcoin ETFs lived up to expectations, with total volume reaching $3.1 billion on the second day of trading. This compares to a cumulative total of nearly $7.7 billion, worth $4.6 billion, confirmed on Thursday. Among new spot Bitcoin fund issuers, BlackRock leads the way with $564 million in volume on Friday, followed by Fidelity with $431 million. This is according to data from Yahoo Finance compiled by The Block.Earlier in the day, BlackRock CEO Larry Fink compared Bitcoin to perhaps the most traditional asset of all. “This is no different from what gold has represented for thousands of years,”…
Bitget Lists Moon App on Bitget Innovation Zone and Web3 Zone – Chainwire housenewsroomBitget lists Moon app on Bitget Innovation Zone and Web3 Zone We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or…
friend, As the Ethereum ecosystem continues to grow and mature at a tremendous pace, we continue to work hard to deliver an incredible Devcon 6. The timing of when we will all be able to reunite in Bogotá is still unclear, but please keep our community engaged as we make our way to Devcon! As part of our efforts to achieve this, we are announcing Road to Devcon Quests! What is a Quest? Directions to Devcon Quest Regular engagement to keep our community collaborating, contributing, and learning. Each quest gives you the opportunity to obtain: POAP Badges to show your…
Bitcoin ETF: How it could change the cryptocurrency game for traders | Eyes on the whole | dark side | January 2024The emergence of Bitcoin ETFs is a hot topic in the cryptocurrency world, providing a convenient way to invest in Bitcoin through traditional stock exchanges. There are two main types of Bitcoin ETFs: Spot Bitcoin ETFs and Bitcoin Futures ETFs. Approval and regulation of Bitcoin ETFs vary by jurisdiction, adding complexity and scrutiny to these investment vehicles. Bitcoin ETFs offer potential benefits such as accessibility, liquidity, reduced volatility, and diversification, but there are also potential risks to consider, including…
Dubai, United Arab Emirates – January 10-11, 2024 The broad spectrum of future technologies is rapidly evolving. Fast as lightning. As the tech companies of the future begin to demand more from the cities they call home, investors are also embarking on an exciting journey. We seek the unparalleled opportunity to partner with forward-thinking companies that promise not only profits but also the opportunity to join a revolution where growth has no end. But the tech companies of the future will require regulation that evolves with technology adoption, low taxes that allow for pivots and rapid change, and access to…
DAI supply has steadily increased since the beginning of the year. MakerDAO saw a decline in fees and revenue in December. The supply of MakerDAO’s (MKR) stablecoin DAI hit a four-month low on December 31, 2023, before making a surprising rebound in the first week of 2024. Maker Bun showed it The supply of DAI was found to have plummeted to a low of 5.22 billion DAI on December 31, 2023. The last time it fell to that low was in September. This decline is due to a sideways movement in the price of Ethereum (ETH) as 2023 draws to…