Tag: Firm

Marathon reports $80M exposure to bankrupt mining firm

Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3. Bitcoin (BTC) miner Marathon Digital Holdings has revealed $81.3 million worth of exposure to recently bankrupted mining hosting provider Compute North. Marathon provided a breakdown of its exposure on Oct. 6 explaining the majority was in operating deposits worth $50 million, noting these deposits “were primarily related to King Mountain and Wolf Hollow security deposits and prepayments associated with the ongoing operation…

Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum

“With this acquisition, Ledn will become the first digital asset lender to offer yield fund products under the exempt market dealer registration,” said Adam Reeds, Co-founder and Chief Executive Officer of Ledn. “It will also allow us to offer more investment opportunities to accredited clients in markets that recognize Canadian securities regulations, to increase their digital asset holdings.” Source

NFT Firm Seeks US Election Commission’s OK to Market Campaign Souvenirs

“The NFT would be offered by the political committee with a focus on high volume low dollar donors consistent with the federal contribution limits,” according to the company’s FEC request. “The NFT could contain artwork, campaign literature, position papers and other campaign approved and compliant digital content including video, audio, and interactive social media.” Source CampaignCommissionsElectionFirmMarketNFTSeeksSouvenirs CryptoX Portal

Crypto Venture-Capital Firm Paradigm Leads $14M Funding Round for DeFi Platform Exponential

“Investing in DeFi is a labyrinthian hellscape that even the most devoted crypto evangelist can get lost in,” Exponential co-founders Driss Benamour, Mehdi Lebbar and Greg Jizmagian wrote in a post announcing the funding. “Finding legitimate projects, executing trades, moving funds across chains, tracking performance and filing taxes is more than enough to scare off most investors.” Source

Bitcoin Investment Firm NYDIG’s CEO Robert Gutmann Departs

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US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round – Fintech Bitcoin News

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The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it was announced that the startup had raised a total of $12.3 million in its pre-Series A funding round. Serena Ventures, a venture capital firm founded by American tennis player Serena Williams, led the funding round. Unlocking the Potential of Small Businesses in Africa Numida, the Uganda-based fintech, has said it…

Elon Musk Was Mulling Creating a Blockchain-Based Social Media Firm Before Offering to Buy Twitter

Although Twitter founder Jack Dorsey appeared to be supportive of Musk’s takeover offer, things quickly sour between Musk and Agrawal. Through April, Dorsey attempts to smooth things over, even saying he wants to make sure Agrawal does “everything possible to build towards” Musk’s goals until the deal is closed. But by the end of the month, things appeared to have worsened. Source BlockchainbasedBuyCreatingElonFirmmediaMullingMuskOfferingsocialTwitter CryptoX Portal