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MicroStrategy has increased its convertible senior notes offering from an initially planned $500 million to $700 million. The notes will pay 2.25% interest per year and are due in 2032.
According to the company’s statement, investors will be able to convert them into shares of MicroStrategy’s stock. The initial conversion rate is set at 0.4894 shares per $1,000 of notes, equivalent to a...
NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform.
The new product, NiceHash Firmware, will leverage Marathon’s technology to enhance the efficiency and revenue of Bitcoin miners using ASIC devices. Miners who adopt this firmware will benefit from a low fee of 2%, which drops to 1.4...
Nigeria’s Federal Inland Revenue Service (FIRS) has dropped tax evasion charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Instead, the agency will focus solely on the exchange itself.
Alexander Onukwe, a Nigerian Journalist for Semafor, citing an e-mailed statement from Gambaryan’s representative, reported:
“FIRS to revise charges to serve solely on Binance through its...
Holograph, a leading omnichain tokenization platform, experienced a significant smart contract exploit, resulting in the loss of 1 billion HLG tokens valued at approximately $7 million.
Following the incident, the project’s native HLG token dipped by around 80% during the last 24 hours to as low as $0.0029 before slightly recovering to $0.0068 as of press time. The tokens were airdropped to the...
After a successful Wednesday, spot Bitcoin ETFs saw another significant downturn yesterday. According to data from Farside, June 13 saw outflows totaling $226.2 million, contrasting sharply with the $100.8 million recorded on June 12.
Fidelity’s FBTC led the outflows with $106.4 million. This is the highest outflow FBTC has seen in the past month and a sharp trend reversal from the $50.6 million...
Crypto firm Ripple has referenced the recent settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to challenge the financial regulator’s proposed $2 billion penalty.
On June 13, Ripple filed a notice of supplemental authority with Judge Analisa Torres of the Southern District of New York, arguing that the SEC’s demands against it were unreasonable and unfair....
In his keynote at BTC Prague, MicroStrategy CEO Michael Saylor articulated a vision of Bitcoin as the world’s first perfect money, a profound innovation with the potential to reshape economic and political systems globally. Drawing parallels to historic scientific revolutions, Saylor positioned Bitcoin as a disruptive economic force, ushering in a new era of financial insight.
Saylor’s...
Coinbase objected to the SEC’s $2.6 billion budget request for the 2025 fiscal year.
In a statement to CryptoSlate on June 13, a Coinbase representative said:
“Yet again the SEC asks for more money that will go to regulation by enforcement when it has used none of its massive budget for real crypto rulemaking that would actually foster regulatory clarity.”
The SEC’s multi-billion dollar budget...
The European Banking Authority (EBA) has unveiled comprehensive guidelines addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation.
Under MiCA, ARTs are digital tokens backed by assets like commodities, real estate, or a diversified basket of assets, while EMTs are tokens pegged to fiat...
Tesla shareholders sued CEO Elon Musk and other executives for enriching xAI at the auto company’s expense on June 13.
The plaintiffs claimed that xAI, an artificial intelligence firm Musk created in 2023, has poached employees from Tesla, diverted at least $500 million in GPUs from Tesla to X, and used Tesla’s data for xAI development without compensating Tesla.
The plaintiffs also cited a tweet...