Day: December 5, 2024

MARA completes $850m debt offering, plans to buy more Bitcoin

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Bitcoin miner MARA Holdings has completed an $850 million debt offering through a private issuance of zero-coupon convertible senior notes due 2031. According to a Dec. 4 announcement, the firm has secured approximately $835.1 million in net proceeds after deducting initial purchasers’ discounts and commissions. The offering involved $850 million of zero-coupon convertible senior notes due 2031, with an additional $150 million option granted to initial purchasers. The notes feature no regular interest or principal accretion and are convertible into cash, MARA common stock, or a combination of both at…

Hut 8 Unveils $750 Million Initiative To Establish Strategic Bitcoin Reserve

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Este artículo también está disponible en español. Hut 8, one of the largest Bitcoin mining companies globally, has announced a significant strategic move aimed at creating a strategic Bitcoin reserve. The initiative, totaling $750 million includes a $500 million at-the-market (ATM) program and a $250 million stock buyback plan.  Hut 8’s Strategic Bitcoin Reserve Initiative Hut 8’s CEO, Asher Genoot, articulated the company’s vision, stating that the launch of the new ATM Program and Stock Repurchase Program has equipped the business with “two powerful tools” that he believes bolsters the…

Bitcoin will double to $200,000 by the end of 2025, says Standard Chartered

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As the price of bitcoin surged above $100,000 for the first time late Wednesday, Standard Chartered believes the flagship cryptocurrency can to double by the end of next year. Analyst Geoff Kendrick said in a Thursday note that the firm’s end-of-2025 price target on bitcoin around the $200,000 level is “achievable.” “We would turn even more bullish if BTC saw more rapid uptake by U.S. retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund,” Kendrick wrote. “In 2025, we expect institutional flows to continue at…

Trump Effect: Yuan Continues Free Fall as Tariff Threats Grow

The tariff threats from President-Elect Trump against countries with issues with the U.S. are negatively affecting these nations’ currencies. The Chinese yuan has experienced a continuous decline, causing it to hit its lowest price in the last 15 months. Trump Tariff Threats Take Chinese Yuan to 15-Month Low The election victory of President-Elect Trump is […] Source CryptoX Portal

Is The ‘God Candle’ Nearing? Analysts Weigh In

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Este artículo también está disponible en español. Ethereum (ETH) appears to be finally waking up from its slumber as the second-largest cryptocurrency by market cap has jumped 8% in the past 24 hours, surpassing the key $3,800 price level.  Is An ETH God Candle On The Horizon? Ethereum’s rise appears to align with declining Bitcoin (BTC) dominance. This important metric is tracked to gauge the proportion of the total crypto market cap commanded by the top cryptocurrency.  Related Reading According to the chart below, BTC dominance has been falling dramatically…

Key Factors Fueling The Surge

Este artículo también está disponible en español. Bitcoin has shattered previous records, soaring past the $100,000 milestone for the first time ever to reach an all-time high of $104,088 late Wednesday in New York. The flagship cryptocurrency had dipped to $94,587 on Wednesday but staged a remarkable comeback. Several key factors contributed to this unprecedented surge: #1 Fed Chair Powell Compares Bitcoin To Gold In a significant acknowledgment from the traditional financial sector, Federal Reserve Chair Jerome Powell discussed Bitcoin during the New York Times DealBook Summit. When questioned about…

Cathie Wood predicts Bitcoin’s $2t market cap will soon flip gold after hitting $100k milestone

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Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin is ‘bigger’ than gold, predicting BTC’s $2 trillion market cap could one day surpass gold’s $15 trillion over time. In a recent post on Dec. 5, Cathie Wood reacted to the Federal Reserve Chair Jerome Powell’s comments on Bitcoin (BTC), describing the cryptocurrency with the largest market cap as a virtual version of gold. Wood stated that ARK Investment Management believes Bitcoin is “a much bigger idea” than gold. She drew comparisons between gold’s value and Bitcoin’s. Gold, a…

Ethereum To $10,000: Analyst Reveals Mid & Long-Term ETH Targets

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An analyst has placed these mid-term and long-term targets for Ethereum based on an Ascending Parallel Channel that has been forming in its weekly price. Ethereum Has Been Traveling Inside An Ascending Channel For A While Now In a new post on X, analyst Ali Martinez has discussed where ETH could be heading next based on a pattern forming in its weekly price chart. The pattern in question is the Ascending Channel from technical analysis, which is a type of Parallel Channel. A Parallel Channel is made up of two…

Circle Commits to Updated Canadian Stablecoin Regulatory Requirements

The updated rules were introduced last year and outline several requirements for crypto exchanges and stablecoin issuers. USDC Issuer Circle Claims It Was First to Comply With Canada’s Interim Listing Rules Stablecoin issuer Circle, whose flagship product USDC has a current market capitalization of roughly $40 billion, issued a formal undertaking on Wednesday to Canadian […] Source BitcoincryptoexchangeExchanges CryptoX Portal