Tag: Digital

Bitcoin Miner Marathon Digital Plans $250M Private Note Sale to Fund Bitcoin Buying

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Crypto-Friendly Bank Ordered by U.S. Federal Reserve to Limit Risks From Digital Asset Clients

Under the order, the bank has to soon provide the Fed a series of written plans and a new approach to compliance, including an agreement to “ensure that the Bank collects, analyzes, and retains complete and accurate information for all customers.” The bank must notify the Fed 30 days in advance of taking on “any new strategic initiative, product, service, or relationship with third parties related to the digital asset strategy.” Source

Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa

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Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […] Source

Bitcoin is no digital gold safehaven

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Bitcoin is no stranger to volatility or even to 30% “pullbacks” in bull markets. But once in a while the market descends into chaos, reviving the debate on whether bitcoin is a risk asset or a safe haven amid tumult. After the benchmark S & P 500 index on Monday dropped 3% in its worst session since September 2022 , and bitcoin fell 10% for its worst day since November 2022, investors and market observers are again questioning the cryptocurrency’s store-of-value narrative . “It’s a speculative thing,” Nassim Taleb, Universa…

Digital Asset Manager Coinshares Reports Strong Q2 2024 Earnings 

Coinshares, a leading European digital asset investment firm, reported strong financial performance in the second quarter of 2024, highlighted by a significant increase in revenue and adjusted EBITDA. The company also navigated market challenges, including the impairment of its Flowbank investment, while achieving a profitable sale of its FTX claim. Coinshares Reports 133% EBITDA Growth […] Source CryptoX Portal

Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden

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Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy efficiency within the industry. GDA and Muttern Fastigheter Collaborate on Sustainable […] Original

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by […] Source CryptoX Portal

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western institutions, especially amid sanctions and Russia’s SWIFT disconnection. BRICS Moves Forward With Digital Payment Platform Initiative The […] Source CryptoX Portal