Tag: Digital

Could Digital Assets Swing the U.S. Election?

As the U.S. election approaches, political polarization is once again front and center. The country remains deeply divided, with the electorate split nearly 50/50 along party lines. The presidential race is shaping up to be too-close-to-call, especially with the recent resurgence of the Democratic ticket. The outcome will have significant implications for the future of the digital asset industry. Which raises an important question: Is the cryptocurrency sector influential enough to sway the election? Source

Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger

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On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] Original

Bitcoin miner Bitfarms to acquire rival Stronghold Digital

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Cryptocurrency mining giant Bitfarms has entered a definitive merger agreement to acquire Stronghold in a stock-for-stock merger transaction. Canadian crypto miner Bitfarms is set to acquire its U.S.-based rival Stronghold Digital in a transaction valued at approximately $175 million, including $125 million in equity value and $50 million in assumed debt. In an Aug. 21 press release, Bitfarms said that acquiring Stronghold would bring significant assets, including a 4.0 EH/s hashrate and 165 MW of power capacity as of June 2024. The company owns over 750 acres of land and…

Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

RBI Report Highlights India’s Central Bank Digital Currency Development

India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC initiatives to enhance cross-border payments, improve financial inclusion, and mitigate risks posed by private digital instruments. The RBI’s […] Source CryptoX Portal

State Street Partners With Taurus to Boost Digital Asset Services

Global financial services provider State Street has announced a strategic partnership with digital asset infrastructure provider Taurus to enhance its digital asset services. This collaboration aims to offer a comprehensive digital platform, including tokenization and digital custody, expanding State Street’s existing capabilities in fund administration. State Street Partners With Taurus to Expand Digital Asset Services […] Source CryptoX Portal

Seven Casino Unveils Next-Generation Digital Platform

PRESS RELEASE. Seven Casino, the trailblazer in online gaming, is thrilled to announce the official launch of its groundbreaking digital platform, setting a new standard for the online casino industry. With its cutting-edge technology, unparalleled user experience, and an expansive selection of games, Seven Casino is poised to revolutionize the way players engage with online […] Source CryptoX Portal

XRP Outperforms as Digital Assets Start Week in the Red

TON, the digital asset associated with Telegram, outperformed the broader market, rising nearly 3% to $6.75. The gain followed HashKey announcing a partnership with TON, in which it will offer regulatory guidance and collaborate on initiatives such as popular GameFi project Catizen, a Telegram-based gaming platform with multiple cat-themed mini games. “[We’ll] focus on the TON ecosystem to offer unique Web3 gaming experiences, fostering the prosperity and development of the TON ecosystem,” Ben El-Baz, managing director of HashKey Global, said in an e-mail. “Leveraging Telegram’s advantage to attract more developers…

Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…