Day: November 20, 2024

MicroStrategy upsizes convertible note offering to $2.6b to buy more Bitcoin

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MicroStrategy has upsized its recently announced convertible senior note offering, from $1.75 billion to $2.6 billion. The company, currently the largest corporate holder of Bitcoin (BTC) following a buying spree that started in 2020, said in an announcement that the proceeds of the offering will go into the purchase of more BTC. MicroStrategy previously announced plans to raise $1.75 billion. MicroStrategy founder Michael Saylor, in a comment on the decision to upsize the note offering, noted demand was high. The MSTR offering is of 0% convertible bonds that are due…

Bitcoin and MicroStrategy Pushed MSTR Into the Top 100 Club

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MicroStrategy’s top 100 breakthrough is fueled by Bitcoin — and fueling Bitcoin in return. How does this feedback loop keep pushing both higher? MicroStrategy joins the top 100 Club MicroStrategy (MSTR), a company famously tied to Bitcoin’s (BTC) wild journey, just hit a major milestone. As of Nov. 20 trading session, it has jumped 48 places in two days, landing at 85th in the exclusive club of the top 100 publicly traded U.S. companies by market cap. As of Nov. 20, MSTR’s market cap has climbed to nearly $111 billion…

Dogecoin Forms A ‘Nasty Triple Top’: Analyst Reveals What’s Next

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Este artículo también está disponible en español. The Dogecoin price is currently exhibiting a highly bearish chart pattern on the 4-hour time frame, signaling potential caution for investors. After forming a bullish falling wedge pattern between November 12 and 19, the anticipated breakout was short-lived and failed to meet bullish expectations. On November 19, Dogecoin broke out of the formation, sparking initial optimism among traders. However, crypto analyst Kevin (@Kev_Capital_TA) had predicted the breakout would be weak, and subsequent price movements validated his forecast. Where Is Dogecoin Price Heading Next?…

DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS

Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy. DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ — MONIIFY (moniify.com), a digital news platform for Zillennials, founded by businessman and entrepreneur Naguib Sawiris, will launch on November 26, 2024. Set to become the go-to platform for entrepreneurs, investors and professionals hungry for knowledge, wealth, and financial freedom in the world’s fastest-growing economies, MONIIFY will provide…

Pro-crypto Legislation Could Usher in Renaissance for DeFi as TVL Rises 31%

Historically, institutions have hesitated to move on-chain due to regulatory risks. However, with bitcoin ETF AUM inflows on track to surpass the gold ETFs’ AUM within a year, finance and tech companies exploring the technology and offering crypto products, and corporates adding digital assets to their balance sheets, institutional interest in crypto has never been higher. That said, the coexistence of off-chain and on-chain capital thus far has mainly involved using on-chain capital to capture off-chain yield (e.g., Tether purchasing billions of dollars in U.S. treasuries). With regulatory clarity, we…

Crypto Mining Companies Powered by Nuclear

As big tech searches for ways to meet its voracious energy demands and policymakers search for cleaner alternatives to secure energy independence, nuclear has increasingly become a nexus for both Wall Street and Washington. On Capitol Hill, senators and representatives have passed nuclear legislation this year with overwhelmingly broad bipartisan support. In an era defined by bitter partisanship, the Accelerating Deployment of Versatile Advanced Nuclear for Clean Energy (ADVANCE) Act passed the Senate by a vote of 88-2 and passed the House by a vote of 393-13. This followed the…

Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin

The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader of borrow and lend protocol Save, which is handing out 400,000 worth of USDS a month to suppliers of the new stablecoin. Source