Day: October 14, 2024

Samara Asset Group plans to issue $32.8m bonds to boost its Bitcoin holdings

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Samara Asset Group will issue a €30 million ($32.8 million) bond through Pareto Securities, which it will use to expand its Bitcoin reserves and diversify its holdings. According to the investment firm’s press release on Oct. 14, Samara Asset Group announced it intends to buy additional stakes in alternative investment funds as well as increase its Bitcoin(BTC) holdings. Samara has mandated Pareto Securities to manage bond issuance, set to arrange a series of fixed income investor meetings for a bond of up to €30 million euros in senior secured Nordic…

Tron Token Burn: 10 Million Gone—What Does It Mean For TRX Price?

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TRON (TRX) recently garnered attention by incinerating over 10 million tokens, demonstrating its dedication to a deflationary approach intended to enhance its value. Currently, TRX is trading at roughly $0.1605, indicating a small increase. Analysts express optimism on TRON’s future, forecasting a 57% price increase during the next three months, and an even more remarkable 208% rise over six months, figures from CoinCheckup show. This optimistic perspective indicates that TRX may be poised for a substantial upward trajectory in the cryptocurrency market. A Robust Technical Foundation The technical indicators for…

Bitcoin buy walls now sufficient to neutralize prevalent sell walls

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Recent data from CryptoQuant indicates that Bitcoin’s buy walls have attained massive strength across all exchanges.  These buy walls are now sufficient to counteract the sell pressure, as the market looks to recover. This suggests that there is robust demand for Bitcoin (BTC), enough to absorb the selling volume that could otherwise continue to push prices down. The chart, covering the period from early 2023 to mid-October 2024, shows that while Bitcoin faced intense sell pressure over the past few months, recent weeks have shown a reversal in this trend. …

WIF Bulls Charge Toward $2.89 As Key Resistance Test Looms

Recent trading activity reveals that WIF is gaining bullish momentum, with its price surging toward the critical $2.89 resistance level. After a brief pullback, buyers are stepping in, driving the asset higher and setting the stage for a potential breakout. A successful break could open the door to new gains, further reinforcing the positive sentiment in the market. As the price approaches this crucial level, the goal of this analysis is to determine whether WIF can sustain its upward strength and break through the $2.89 resistance. By evaluating key technical…

Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from realizing its potential. Latam Insights Encore: Venezuela […] Source CryptoX Portal

Samara Asset Group Plans $32.8M Bond to Expand Bitcoin (BTC) Holdings

Patrik Lowry, CEO of Samara, emphasized the importance of the bond, saying, ““The proceeds will allow Samara to further expand and solidify its already robust balance sheet as we diversify into new emerging technologies through new fund investments. With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds.”. Source

Crypto Neobank Banq’s Bankruptcy Case Dismissed by U.S. Judge

N9’s lawsuit also alleges that Jiles, in his capacity as Banq’s chair, failed to create a non-compete agreement with former Banq CEO Scott Purcell, instead only putting one in place between Purcell and Prime Trust. N9 claims in the lawsuit that Jiles leveraged his control over Banq to benefit Prime Trust, prioritizing its interests and leading to Banq’s downfall. Source