Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors – Mining Bitcoin News

Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital for Expansion, Mining Rigs, and Improving the Firm’s Working Capital Position The cryptocurrency mining operation Bit Mining Limited (NYSE: BTCM) has announced that it has entered a securities purchase agreement with institutional investors. Bit Mining operates crypto mining facilities, a mining pool, and…

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EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings

“An institution’s total exposure to class 2 crypto-asset exposures must not be higher than 1% of the institution’s Tier 1 capital at all times,” said the proposal tabled by the Finnish Member of the European Parliament, imposing an absolute limit on how much bitcoin regulated lenders can hold. Tier 1 capital represents the highest-quality capital in a bank’s reserves. Source

Indian police launch probe into BitConnect founder wanted by US SEC

The saga of BitConnect, a major cryptocurrency scam scheme, is taking another twist as one of the BitConnect co-founders is now wanted by the Indian state police. Satish Kumbhani, an Indian national and the alleged founder of the crypto Ponzi scheme BitConnect, reportedly became subject to a new police investigation in India, The Indian Express reported on Wednesday. The Pune police, operating under the Indian state Maharashtra Police, launched a probe into Kumbhani after a Pune-based lawyer filed a complaint claiming that he lost about 220 Bitcoin (BTC), or $5.2…

Thinking to Buy IMOV? These 3 Tokens Can Be a Better Investment

IMOV is the first-ever crypto-backed fitness app that comes with inbuilt Game-Fi and Social-Fi elements. The application dedicated to people of all ages and abilities caught the eyes of investors as well, thanks to its compelling vision. Its threefold goal is to encourage millions to lead healthier lifestyles, connect users to Web3, and combat climate change. The token went on a massive upturn stepping into August, recording an all-time high of $0.07313. The surge rewarded early investors lucratively. If you’re looking for other emerging tokens that can give you generous…

Former Coinbase VP Adam White Joins Blackstone as Crypto Investment Adviser

White begins at Blackstone as a senior investment adviser, working on a flexible, part-time basis with the firm’s various investment teams, including consumer growth, private equity, alternative asset management and private credit – a roster that accounts for close to a trillion dollars. He will also be working with Blackstone’s portfolio companies to foster an understanding of crypto and Web3 investing. Source