Riot Platforms Inc. (Nasdaq: RIOT) has announced a proposal to acquire Bitfarms Ltd. (Nasdaq/TSX: BITF) in an effort to create the world’s largest publicly listed bitcoin miner. The proposed acquisition, valued at approximately $950 million in total equity, would see Riot acquire all outstanding shares of Bitfarms for $2.30 per share, representing a 24% premium…
Semler Scientific, a little-known medical technology company, announced on Tuesday that it has adopted bitcoin as its primary treasury reserve asset. The company, which develops products used in the detection of peripheral arterial disease, also disclosed the purchase of 581 bitcoins for approximately $40 million, inclusive of fees and expenses. This strategic decision caused Semler’s…
Bitcoin Well Inc., a non-custodial bitcoin platform, has announced the integration of the Lightning Network into its platform, enabling customers in Canada to instantly sell bitcoin from any personal Lightning Wallet. Bitcoin Well’s founder & CEO, Adam O’Brien, stated that this innovation enhances the speed, security, and cost-effectiveness of selling bitcoin, making it more user-friendly…
Ryan Salame, a former top executive at the now-defunct cryptocurrency exchange FTX, was sentenced to 7.5 years in prison on Tuesday for his role in the company’s collapse. Salame, who served as the co-CEO of FTX’s Bahamian subsidiary, pleaded guilty last year to making unlawful campaign contributions and operating an unlicensed money-transmitting business. TLDR Ryan…
As the crypto market continues to gain acceptance and mainstream recognition, it’s becoming more important than ever to go beyond the crypto borders, which requires strategic tactics and bold maneuvers. With this goal in mind, SquidGrow is beginning this journey by sponsoring an event at the Consensus 2024, which will be occupied by 6,800+ companies…
Bitcoin’s price has been on a wild ride in the past few days, first heading north to over $70,00 before it dumped to $67,000 a day later. The altcoins have recovered some of yesterday’s losses, and most have turned green. SHIB and WIF lead the pack from the meme coin realm with massive double-digit surges.…
The Dash team has announced the integration of Dash into Wizarbit, a Lithuania-regulated cryptocurrency exchange and card provider. This development allows users to purchase Dash instantly with euros at competitive rates using a credit card. Wizarbit’s unique offering includes a debit cryptocurrency card, both virtual and physical, enabling users to spend their Dash anywhere cards…
TL;DR Shiba Inu (SHIB) rose by 16% daily, reaching a market cap of $16.9 billion, making it the 11th largest cryptocurrency. The surge coincides with an overall meme coin revival, with many other assets witnessing substantial price increases. SHIB Steps up The meme coin sector has made waves in the past several hours, with its…
On May 28th, BlackRock finally surpassed Grayscale to become the largest spot Bitcoin ETF with 288,671 BTC in its holdings. It took BlackRock’s IBIT just 96 trading days to close the substantial gap with Grayscale’s GBTC. IBIT has now reached an impressive asset under management (AUM) of nearly $19.79 billion. Meanwhile, GBTC saw its AUM…
PRESS RELEASE. Singapore, May 29, 2024 – To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be…