Day: March 12, 2024

Coinbase (COIN) Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying MicroStrategy’s (MSTR) BTC Playbook

Issuers use these hedges with convertible debt to prevent dilution to existing shareholders, even when their share price rises above the conversion price, though they have to pay a fee. During its breakneck rally, fitness company Peloton famously raised $1 billion in convertible debts in 2021, including a capped call option. “The capped call transactions will cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes,” Coinbase said. Source

After Exit Scam, Incognito Darknet Market Operators Now Threaten User Data Leak in Extortion Twist

Numerous accounts have recently revealed that shortly after the darknet market (DNM) Incognito apparently conducted an ‘exit scam,’ its operators have now informed their clients and merchants they are facing extortion. The team behind Incognito claims possession of crypto asset transaction logs and archived conversations from its users, warning that this information will be leaked […] Source CryptoX Portal

Getting Cheaper, Getting Higher? Ethereum Dencun Upgrade And The Potential For ETH To Rise Back Above $4,000

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The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features in various areas.  Ethereum Dencun Upgrade As highlighted in a recent Bloomberg report, Dencun aims to reduce the cost of Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by enabling previously costly…

Analyst Predicts Bitcoin Will Hit $150,000 by 2025 as Green Bitcoin is Backed to Explode

Bullish predictions are sweeping the crypto market as analysts anticipate another massive upswing for Bitcoin (BTC) soon. Wall Street giant AllianceBernstein recently projected that BTC could skyrocket to $150,000 per coin by 2025. Meanwhile, the eco-friendly Green Bitcoin (GBTC) presale project is also generating buzz, with traders forecasting substantial gains once listed on exchanges. Wall […] Source BitcoincryptoexchangeExchanges CryptoX Portal

NEAR To Rise Higher According To These Analysts, Can It Hit $10?

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NEAR, the native token of the Layer 1 (L1) public blockchain NEAR Protocol, has substantially risen during this bull run after registering remarkable gains since the end of 2023. As the price of Bitcoin continues to soar, NEAR has recorded an over 130% price surge in the past month, and analysts forecast that the bullish momentum isn’t over yet.  Analyst Foresees NEAR’s Next Leg Up Coming Soon At the end of 2023, the NEAR token showed a remarkable performance by doubling its price in mid-December. Since then, the crypto market…

7 cryptocurrencies to watch as market growth surges

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amidst a dynamic market, seven cryptocurrencies are noteworthy for their innovative utilities and promising market performance, revealing investment opportunities beyond Bitcoin. The cryptocurrency market is witnessing significant growth, with Bitcoin now exceeding $70,000, marking a pivotal moment for investors to explore potential opportunities. As the market expands, this piece delves into seven cryptocurrencies that stand out based on their utility, market performance, and innovative features, tokenomics, narratives, expert opinions…

DeFi Platform Algotech Raises $250,000 in a Single Day to Cross $2M Presale Milestone – Blockchain News, Opinion, TV and Jobs

San Fransisco, California, March 12th, 2024, Chainwire DeFi trading platforms are starting to offer advanced utilities that are challenging conventional financial systems. These emerging platforms feature cutting-edge technology and offer decentralised alternatives to legacy systems.  Especially in the context of asset trading, users can leverage the potential of blockchain technology to have access to unparalleled insights. New DeFi platform Algotech (ALGT) is spearheading this change by bringing together artificial intelligence (AI) and blockchain technology.  The platform aims to transform the global asset trading landscape by providing traders with advanced performance…

Bitcoin Fog founder convicted in $400m crypto laundering case

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The founder of crypto mixing service Bitcoin Fog has been found guilty by a federal court of laundering money linked to illicit drug sales on the dark web. On Tuesday, a deliberation that lasted approximately two days led the jury to find Roman Sterlingov responsible for obscuring the origins of crypto transactions, thereby complicating efforts to trace the financial proceeds from criminal endeavors. The prosecution argued that Bitcoin Fog had been instrumental in masking over $400 million in transactions, with $78 million directly tied to notorious dark web marketplaces. Sterlingov’s…

London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs The launch of bitcoin (BTC) and ethereum (ETH) ETNs on the LSE platform marks a […] Source CryptoX Portal