Tag: Digital

Marathon Digital buys $249m in Bitcoin after raising $300m from convertible notes

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Marathon Digital has bought $249 million worth of Bitcoin using funds raised from a $300 million offering of convertible senior notes. In an Aug. 14 press release, Marathon, which is the largest public Bitcoin (BTC) miner by realized hash rate, said it had raised $300 million, which was reduced to $292.5 million after deducting discounts and commissions. It then used $249 million from that amount to buy 4,144 BTC at an average price of $59,500. MARA secures $300M through an oversubscribed offering of convertible senior notes. With proceeds, we purchased…

Germany’s Largest Development Bank Prepares for Tokenized RWA Issuance with Boerse Stuttgart Digital in ECB Trial

“As one of the world’s largest and most active bond issuers, we are actively driving digitalisation initiatives in the issuing and settlement process,” Gaetano Panno, head of transaction management at KfW, said in a statement. “The utilization of new technologies as part of the ECB trials enables us to technically process a ‘delivery vs. payment’ transaction and thus supports our digital learning journey.” Source

Marathon Digital seeks raising $250m to buy more Bitcoin

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Marathon Digital is planning a $250 million private offering of convertible senior notes, intensifying its commitment to expanding Bitcoin holdings. Bitcoin mining firm Marathon Digital Holdings is seeking to raise $250 million through a private offering of convertible senior notes due in 2031 as the crypto mining firm looks to double down on its Bitcoin(BTC) holding strategy. In an Aug. 12 press release, the Florida-headquartered firm said the funds would be used to acquire additional Bitcoin as part of the company’s ongoing strategy to increase its crypto holdings. The convertible…

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…