Tag: Investors

Bitfarms secures $44m from U.S. investors to boost Bitcoin mining ops

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Bitfarms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital. Bitfarms Ltd., a Canadian Bitcoin mining company, has initiated a private placement deal with U.S. institutional investors to raise approximately $44 million ($60 million CAD). This strategic deal, set to close around Nov. 28, entails the issuance of over 44 million common shares at 99 cents each, coupled with warrants for purchasing additional shares.  As Bitfarms mentions, the proceeds from this private placement will fund key growth initiatives, including…

GORILLA tanks 30%, meme coin investors considering MK

The meme coin market has been highly volatile this week, with Gorilla (GORILLA) crashing by over 30% since Nov. 22. Given the sell-off, investors have questioned whether GORILLA’s hype cycle is ending. Amid this, meme coin enthusiasts are exploring a new altcoin, Meme Kombat (MK), which recently launched its presale. Meme coin GORILLA drops 60% from all-time high At the time of writing, the GORILLA price is hovering around $0.0011 – a 60% drop from its all-time high recorded on Nov. 21. Before this all-time high, GORILLA had traded sideways since Nov.…

Bitcoin, EOS, and BNB prices fall after Binance deal; InQubeta draws investors

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The Binance exchange aims for its native Binance Coin (BNB) to regain favor as a viable crypto investment following the resolution of its legal issues with the U.S. Securities and Exchange Commission (SEC).  The settlement involved Binance CEO Changpeng Zhao pleading guilty to violating U.S. anti-money laundering laws and agreeing to a $4.3 billion settlement, including a $50 million corporate penalty from Zhao’s private funds. The impact of this settlement is debated in crypto.  Meanwhile, Bitcoin (BTC) is stable after rallying, increasing interest in altcoins like InQubeta (QUBE) and EOS. …

Nansen phishing emails flood crypto investors’ inboxes

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Numerous users of the crypto analytics platform Nansen have received phishing emails from scammers pitching an “exclusive opportunity” to participate in the fictitious “Nansen Airdrop.” On Nov. 23, crypto community members on X (formerly Twitter) flagged an ongoing phishing campaign targeting Nansen users. The scammers are impersonating Nansen and sending fake invitations to an exclusive airdrop event. Cointelegraph confirmed the hack from crypto investigator Officer’s Notes (Officercia), who initially warned the community about the ongoing attack. He suspects that user data from a previous third-party database leak is being used…

Singapore Tightens Crypto Regulations to Protect Retail Investors

The new measures will be rolled out in phases, beginning in mid-2024. One of the incoming rules will ban the use of locally issued credit cards to purchase cryptocurrencies. In a bid to safeguard retail investors amidst the growing number of individuals engaging in digital asset usage, Singapore has taken steps to tighten crypto regulations. The Monetary Authority of Singapore (MAS) recently announced these new measures, aimed at curbing risky practices that often serve as incentivization techniques on crypto platforms. The new measures will be rolled out in phases, beginning…

Bitcoin dip amid Binance controversy; investors can explore these 2 alternatives

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Between the U.S. Securities and Exchange Commission (SEC) suing the Kraken crypto exchange and the Department of Justice (DOJ) announcing criminal charges against Binance and its CEO Changpeng Zhao (CZ), the crypto industry has had a bad start to the week.  The weakness in crypto prices reflects this negative sentiment – the global crypto market cap shrank by 3% over the past 24 hours, below the crucial $1.4 trillion mark. While the Bitcoin price corrected by only 2.5% in 24 hours, altcoins such as BNB, SUI, and GRT plunged by…

Solana Captures Institutional Investors’ Attention, Inflows Rise To $135 Million

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Solana has held its stance among altcoins, registering inflows more than any other cryptocurrency besides Bitcoin last week.  Institutional investment products have witnessed consecutive eight weeks of inflows, with some cryptocurrencies receiving a greater amount of inflows than others. According to the new CoinShares report on digital asset funds, the majority of this money went into Bitcoin products as the crypto continues to attract investor interest in light of recent developments in the crypto industry.  Solana Gains Momentum Among Institutional Investors Solana has been on an incredible run this year,…

Bitcoin Fees Soar Above Ethereum’s As Investors Flock To Ordinals

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CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US. This hesitation has coincided with a remarkable surge in the top crypto’s average transaction fees, soaring over 1,000% to reach a peak of $18.67 on November 16,…

Top Investors at OpenAI Demand to Bring Sam Altman Back as CEO

Amid all the drama that’s unfolding at OpenAI, reports suggest that Sam Altman won’t rejoin the company, but rather lead the AI research team at Microsoft. Over the last weekend, some major drama unfolded at the artificial intelligence firm OpenAI upon the ouster of company CEO Sam Altman. However, sources familiar with the matter stated that top investors at OpenAI have been pushing to bring back Altman as the CEO. Top supporters of OpenAI, including Microsoft, Tiger Global, and venture firm Thrive Capital, are reportedly involved in an initiative to…

Meme coin investors are examining Rebel Satoshi, a Dogecoin challenger

Meme coins have injected a touch of lightheartedness into the often intimidating crypto world. Despite their playful nature, the meme coin market has a current valuation of $17.8 billion, according to CoinMarketCap. This segment represents a small fraction of the crypto market, indicating considerable untapped potential. Rebel Satoshi (RBLZ) is a new player in this arena.  Let’s explore this project in more detail. About Rebel Satoshi Rebel Satoshi is a fresh rebellion-themed meme coin centered around defiance, community-building, and decentralized finance. While most new projects imitate the branding of Dogecoin…