Tag: Million

Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million

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In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with Bitcoin’s positive start in July, as the cryptocurrency begins to recover recently lost gains. Currently, Bitcoin is trading above $63,000, marking an increase of nearly 3% in the past day. Related Reading Metaplanet’s Expansion Into Bitcoin Earlier today, Metaplanet made headlines by acquiring an additional 20.195 Bitcoin, valued at approximately $1.2 million, as announced…

Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price

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Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably, data shows an interesting $500 million increase in bids below the spot price and a rise in open interest, as pointed out by popular crypto analyst Daan Crypto Trades.  Bitcoin…

German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken

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The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government’s intention to liquidate some of its bitcoin holdings, originally seized in a large-scale […] Original

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […] Source CryptoX Portal

Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam

Nubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower costs and get more flexibility for users to take advantage of its trading platform, according to Thomaz Fortes, Executive Director for Nubank Crypto. Nubank to […] Source CryptoX Portal

Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery

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Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the crypto token’s ecosystem. This comes amid a recent price recovery for the NOT token, with fundamentals suggesting that more price surges may be imminent.  Notcoin Burns 210 Million NOT Tokens Notcoin revealed in an X (formerly Twitter) post that they had just burned 210 million NOT tokens ($3 million). They noted that the crypto token’s tokenomics is now “extremely community-oriented” thanks to this. They further revealed that 94.18% of Notcoins are held by 11.5…

Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations

In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity, particularly in the aftermath of Bitcoin’s fourth halving event which has increased the pressure on mining profitability. Cleanspark Acquires Griid in […] Source CryptoX Portal

CleanSpark acquiring GRIID Infrastructure in $155 Million all-stock deal

CleanSpark Inc. (CLSK) has announced a merger agreement to acquire GRIID Infrastructure in an all-stock transaction valued at $155 million.  This acquisition includes the payment and assumption of GRIID’s (GRDI) debt. As part of the agreement, CleanSpark and GRIID have entered into an exclusive hosting agreement, allocating 20 MW of power to CleanSpark immediately. The merger received unanimous approval from the Boards of Directors of both companies. It is anticipated to be finalized in the third quarter of 2024, subject to GRIID shareholder approval and other standard conditions. Agreement terms…

FBI Puts $5 Million Price Tag On OneCoin Founder’s Arrest

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…