Month: November 2021

Grayscale Investments has launched a solana trust. The company now has nearly $54 billion in total assets under management. The new trust, which is the company’s 16th crypto investment product, will solely invest in solana (SOL). The CEO of Grayscale said that investors are increasingly “diversifying their exposure beyond digital assets like bitcoin and ethereum.” Grayscale Adds Solana to Its List of Investment Products Grayscale Investments, the world’s largest digital currency asset manager, announced Tuesday the launch of Grayscale Solana Read more …

2TM, the owner of Brazil’s biggest bitcoin exchange, Mercado Bitcoin, has raised $50 million in an extension round. Now valued at $2.15 billion, the group had captured $200 million in July from SoftBank Group Corp. Mercado Bitcoin has over 3 million clients, while the country’s stock exchange has 3.8 million individual investor accounts as of the first semester of this year. 2TM, the owner of Mercado Bitcoin, the biggest Latin American bitcoin exchange, has raised an extra $50 million in Read more …

press release PRESS RELEASE. Amsterdam, the Netherlands, 29th of November, 2021: TabTrader is excited to announce the launch of our own token (TTT) on Solanium and AcceleRaytor on December 1 ?, aspiring to be the ‘ultimate trading terminal’; we are now on the way to drastically expand. DeFi is the future and TabTrader 2.0 makes sure to be a part of it! Following a recent closing of an $5.8 million equity round, TabTrader is ready to launch TTT to incentivize Read more …

After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE) after merging with the company Adit Edtech. Griid to Go Public in a Merger With Adit Edtech Acquisition Corp Griid Infrastructure currently operates three U.S.-based mining facilities and aims to have 734 megawatts (MW) operational Read more …

Bitcoin Miner Griid Infrastructure LLC announced today it had entered into a definitive merger agreement with Adit EdTech Acquisition Corp. to list on the New York Stock Exchange (NYSE). Adit EdTech will acquire Griid Holdco LLC, a newly formed holding company and parent of Griid, in a deal that values the combined company at about $3.3 billion. Upon completing the transaction, the company is expected to operate as Griid Infrastructure Inc. and list on the NYSE under the ticker symbol Read more …

Intro Throughout time, technology has proven to change our lives by leveraging efficiencies in energy. New ways in how we hunt have saved time and energy for innovation and to live more intentionally. Currently, Bitcoin presents an immense opportunity to change the lives of those who are burdened by old forms of manipulated money and preserve their time and energy. It is the first self-sovereign, programmable money that is proving to destroy expectations of every “expert” imaginable. At the intersection Read more …

It’s time to retire the word transitory when describing inflation, said Fed Chair Jerome Powell during Senate testimony on the economy today. Powell explained its asset purchases could come to a halt earlier than planned next year. Bitcoin offers the chance for people to opt-out of unpredictable monetary policies and eroding purchasing power. Federal Reserve Chair Jerome Powell said the central bank’s asset purchases could end sooner than planned amid rising inflation rates and a more robust U.S. economy, reported Read more …

Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy Digital (TSX: GLXY) aims to raise $500 million via an exchangeable senior note offering. The convertible debt will be used to continue expanding the business. Read more …

Home and apartment bitcoin mining is enjoying a wave of popularity right now as bitcoiners recognize all the positive spin-offs of mining at home — home heating, greenhouse projects, and just plain being part of the bitcoin revolution. A number of companies including Compass Mining, Kaboomracks, and Scott Offord have stepped in to try and meet the increasing demand. Upstream Data is marketing its new Black Box designed for home mining and will start shipping in early December. Many enthusiastic, would-be home Read more …

The Bitcoin network hash rate is near complete recovery from China’s ban of mining. The metric has increased over 80% in the past five months and is close to a new all-time high. Bitcoin has demonstrated deep resiliency and antifragility in the face of a severe stress test and is about to overcome that completely. The Bitcoin hash rate has showcased deep resiliency since the Chinese bitcoin mining ban, having climbed over 80% in five months to get close to Read more …

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea South Korean parliament is taking steps to suspend a planned tax on profits from digital asset investments for another year. The move Read more …

A bitcoin ETF offering monthly yields has been listed in Canada today. The Purpose Bitcoin Yield ETF is live on the Toronto Stock Exchange under the ticker symbol BTCY.B. Purpose Investments employs a derivatives-based covered call strategy to pay investors an expected eight to ten percent annual yield. Canadian investors can now receive a monthly bitcoin yield through a new exchange-traded fund (ETF) listed on the Toronto Stock Exchange (TSX), reported Yahoo Finance. The Purpose Bitcoin Yield ETF employs a Read more …