Tag: Firm

Crypto mining firm Phoenix Group delays share listing date

Cryptocurrency miner Phoenix Group has delayed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published on Nov. 28, 2023, the firm has rescheduled the listing date to Dec. 5, 2023, the UAE’s National Day. The UAE-headquartered firm noted that despite the delay, it anticipates “a warm reception from investors.” “This alignment with our national festivities affirms our deep respect for the UAE’s heritage and commitment…

Bitcoin mining firm Phoenix Group delays share listing

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Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day. Celebrated on…

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

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Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG.  In a Nov. 28 filing to a New York Bankruptcy Court, Genesis said DCG agreed to pay its outstanding $324.5 million in loans by April next year, and Genesis can chase up on any unpaid amounts. The proposed deal aims to allow Genesis to end a lawsuit filed against DCG in September that sought to have the firm repay overdue…

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K

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Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye-catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast in their intentions. An intriguing development is unfolding in China as Tether (USDT) trades below its fair value in the local currency, the yuan. This discrepancy often arises due to differing expectations between professional traders engaged in derivatives and retail clients involved in…

Japanese firm CGV invests $5m in Blast network

Japanese firm CGV invests $5 million in the newly launched Layer 2 solution Blast network. The Japanese cryptocurrency investment firm CGV announced it has invested $5 million in the Blast network. This investment is part of a collaborative effort to further the development of this Layer 2 solution. Blast has garnered significant attention in the venture capital world, with heavyweights like Paradigm, Standard Crypto and Mechanism Capital investing a collective $20 million. The project is spearheaded by Pacman, the founder of Blur, and boasts a team with impressive credentials from…

Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K

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Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly close approached. #Bitcoin Straightforward and slow weekend. Usually volume/volatility picks up a bit later today. https://t.co/joyKaqG68f pic.twitter.com/T9sXbJ2c6d — Daan Crypto Trades (@DaanCrypto) November 26, 2023 After setting new 18-month highs in recent days, some argued that…

Oliver von Landsberg-Sadie Quits Crypto Banking Firm BCB Group

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AI Firm Anthropic Reportedly Rejects Merger Offer from OpenAI

OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman. Artificial Intelligence (AI) company Anthropic may have just refused to enter into a merger deal with OpenAI. According to a report by The Information and another report by Reuters, OpenAI’s board of directors put forward the offer following last week’s decision to sack its immediate past CEO Sam Altman. Anthropic CEO Rejects OpenAI’s Offers Citing sources with inside knowledge, The Information claims that OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a…