CleanSpark joins the crowd in raising funds through convertible notes but doesn’t plan to invest the proceeds. Cryptocurrency miner CleanSpark Raises will raise $550 million through a private convertible note offering with a 2030 maturity date. Pricing is already completed. This funding strategy has become familiar among miners, following similar offerings from CleanSpark’s biggest competitors. Cash for practical purposes We anticipate closing the senior convertible note issuance on December 17th. Initial purchasers will have a 13-day window to purchase additional notes, with a maximum aggregate purchase price of $100 million. CleanSpark Raises estimates that the full exercise of the second…
Author: Ali Raza
According to Pantera Capital’s founder and managing partner Dan Morehead, cryptocurrency is a superior reserve investment option than gold. In an interview with CNBC, Morehead expressed his serious excitement about the crypto and blockchain fields. On Thursday, drawing parallels between the evolution of blockchain technology and previous financial advances. He added that more and more institutions are investing in this space, which adds to his optimism. Morehead on Blockchain and Bitcoin “Right now, most institutions are completely oblivious to blockchain technology. So, I think it will be a hit once they get involved,” he said. Pointing to ongoing legal actions…
Michael Saylor, executive chairman and co-founder of the mega-company MicroStrategy, has spoken to enthusiasts about Bitcoin’s place in the history of money. Every time Saylor tweets on Bitcoin, he uses an AI-generated image of himself. On one occasion, he stands on a tropical island’s shoreline; his hands clasped around a large stone circle that resembles a coin with a hole in its center. Saylor Bitcoin is Superior Money This stone circle probably symbolizes coins and all the earliest types of money that humans knew. The tweet reads: “Bitcoin is better money,” implying that Saylor thinks Bitcoin is superior to all…
In the United States, spot Bitcoin exchange-traded funds have now recorded ten days of inflows. On December 11th, as Bitcoin regained its $100,000 level, $223.03 million entered the funds. According to data from SoSoValue, on December 11, Fidelity’s FBTC received $121.9 million in fresh investments, bringing its inflow streak to ten days. Grayscale’s GBTC, ARK, and 21Shares’ ARKB funds also made substantial contributions; the former received $20.13 million, and the latter $52.67 million. Bitcoin ETF Inflows and Neutral Trends There were also smaller inflows of $15.74 million to the Grayscale Bitcoin Mini Trust, $12.16 million to Biwise’s BITB, and $2.87…
Cryptocurrency market falls have been dominating in recent days, despite Bitcoin’s (BTC) success in surpassing the $100,000 crucial milestone. The seasoned expert now clarified why the price of Bitcoin has been unable to climb, despite. The fact that it has been fluctuating between $90,000 and $100,000 in the past few weeks. Founder of 10X Research Markus Thielen warned clients in a note that Bitcoin’s rise climb could be slowed down by slow liquidity inflows and Nvidia’s stalling rally. Bitcoin’s Rise Stalls Liquidity and Nvidia’s Impact To start, Thileen said that the market’s rising momentum has been impeded since the flow…
Retail investors are cashing out, which has put the price of Bitcoin Faces against significant resistance around the $100,000 mark. On December 11, the most popular cryptocurrency, Bitcoin (BTC), was selling around $98,900, down from its all-time high of around $104,000. Due to rising demand and falling supply, Crypto experts predict the coin’s price will continue to rise. According to a recent article in the Wall Street Journal, the coin’s availability is a key factor in its rising value. Bitcoin Supply and ETF Growth There is a limit of 21 million Bitcoins that may be created. Of this, 19.7 million…
Based on scientific data analysis, we have ranked the top cryptocurrencies available for purchase right now. In order to eliminate biases and provide a fair comparison across different market caps, liquidity, and development stages, we normalize evaluations with Z-scores before applying our patented technique to each project. From what we can tell, the top cryptocurrencies to purchase on December 9, 2024, are Bitcoin, Ethereum, XRP, Solana, Cardano, Dogecoin, BNB, and Notcoin. The current influx of ETFs and Bitcoin’s use as a hedge against inflation have propelled it to the top of the list. Due to recent market shifts, now is…
Overcoming $100,000 in Bitcoin value has hushed naysayers, but a well-known CEO thinks the surge might soon pause here’s why. Bitcoin’s 2024 has been a watershed year. The introduction of spot Bitcoin Hits in January, the long-awaited halving in April, and the volatility surrounding the presidential election cycle have all contributed to a hyperbolic market advance. Cementing Bitcoin’s domination in the financial scene, this rise has catapulted BTC/USD to a record high of $103,679. To smart money investors, though, this is all old news; the current bull run just lends credence to the premise that Bitcoin prices tend to follow…
The U.S. Treasury Department recently likened Bitcoin to “digital gold,” emphasizing its primary use case as a store of value in the decentralized finance (DeFi) ecosystem. The statements come at a time when digital assets continue to grow steadily, with interest in cryptocurrencies such as Bitcoin and Ethereum and stablecoins. Treasury Bitcoin as Digital Gold Amid Growth The Treasury Department acknowledged in its report that digital assets are growing rapidly but noted that this growth comes from a relatively small base. The report said, “Digital assets have witnessed rapid growth, albeit from a small base.” However, according to the report,…
Bitcoin (BTC) is worth $1.98 trillion as of December 8, 2024, at 3:25 p.m. EDT, when its price was $100,297 per coin. This makes it the ninth most valuable asset in the world by market value. Here is a comprehensive list of the top 10 entities that own Bitcoin, along with their stakes, before we enter the year 2025. Bitcoin Surpasses $100K Bitcoin Hits made history this week, reaching a height of $103,647 on December 4 and becoming the first digital currency to ever surpass $100,000. For a moment there, it fell below six figures, but by Saturday afternoon, shortly…