Uncategorized

Analyst Expects Altcoin Season as Crypto Whale Invests Millions

[ad_1] A prominent cryptocurrency analyst, Cyclop, has declared the beginning of an impending altcoin season, predicting significant gains for savvy investors. He advises that this could be a period of immense profitability, with certain altcoins poised to deliver substantial returns. The announcement coincides with notable activity from a crypto whale, who recently invested millions in […]

Uncategorized

Bitfarms rejects Riot’s unsolicited acquisition offer

[ad_1] Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the […]

Press Release

Overblown? Argentine Bitcoin Adoption Is Exaggerated, El Salvador Official Says

[ad_1] Argentina’s tango with Bitcoin has hit a sour note. Recent talks with El Salvador, the world’s first Bitcoin nation, ignited speculation of Argentina following suit. However, experts are urging caution, differentiating between friendly discussions and full-fledged “Bitcoinization.” Milei’s Mandate Fuels Crypto Curiosity The election of Bitcoin enthusiast Javier Milei as president in late 2023 […]

Press Release

This Is Why BlackRock’s IBIT Became Largest Spot Bitcoin ETF

[ad_1] In a notable shift in the crypto market, BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) to become the world’s largest spot Bitcoin exchange-traded fund (ETF). Recent data from SoSoValue shows that IBIT now holds $19.68 billion in Bitcoin (BTC), slightly edging out GBTC’s $19.65 billion. How Grayscale’s GBTC Lost Its […]

Uncategorized

Michael Saylor Endorses Ethereum ETFs as Beneficial for Bitcoin

[ad_1] Michael Saylor, the founder and executive chairman of MicroStrategy, has recently expressed a change in his stance regarding spot Ethereum exchange-traded funds (ETFs). In a recent interview with Bitcoin podcaster Peter McCormack, Saylor stated that the approval of eight ETH ETFs by the United States Securities and Exchange Commission (SEC) is good news for […]

Uncategorized

Binance Accused Of Illegally Selling Genesis Claims, Implicating $70 Million

[ad_1] According to local media reports, Binance, the world’s largest cryptocurrency exchange, is embroiled in a controversy involving the alleged mishandling of victims’ assets and the unauthorized sale of crypto lender Genesis’ claims.  The allegations suggest that Binance used these assets to offset the debts of Gopax, a South Korean crypto exchange, potentially hiding significant […]

Uncategorized

Riot offers $950 million to buyout Bitfarms in hostile takeover amid CEO controversy

[ad_1] Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month volume-weighted average share price as of May 24. According to the press release, Riot’s decision to make a hostile takeover bid follows Bitfarms’ Board of Directors’ rejection of its private proposal without substantive engagement. […]

Press Release

Bonds Are the ‘Biggest Lie,’ Bitcoin Is the Future

[ad_1] Robert Kiyosaki, author of “Rich Dad Poor Dad,” has debunked the commonly held belief that bonds are generally safe investments. In a recent tweet, Kiyosaki labeled the notion that “bonds are safe” as the “biggest lie” propagated by financial planners to “gullible” investors. He even went on to warn that even highly rated AAA […]