Coinbase announces a $1.5B bond sale
Coinbase announced on September 13 that it plans to raise $1.5 billion through a debt offering. The funds raised will be used to expand the company’s balance sheet, including potential investments and acquisitions of products or technology. Coinbase, a Nasdaq-listed cryptocurrency exchange , plans to use the funds raised to expand the company’s balance sheet, […]
MicroStrategy increases its Bitcoin holding with an additional $240M purchase
MicroStrategy, a business intelligence firm and corporate Bitcoin (BTC) whale, has boosted its BTC holding as revealed on Monday, its Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 bitcoins for $242.9 million, or $48,099 per coin on average. MicroStrategy stated […]
BTC, ETH, and ADA all drops by double digits over the last week
Some of the industry’s largest cryptocurrencies including BTC, ETH and ADA have crashed by as much as 25% over the last seven days, according to CoinGecko. “In terms of Bitcoin , this is a fairly typical market pattern—a correction of sorts after a significant bullish period,” Jason Deane, Bitcoin analyst at Quantum Economics told Decrypt. […]
Zabu token price flatlines after the attack on Avalanche blockchain
Zabu Finance, a DeFi platform built on the Avalanche blockchain, has apparently been hacked. Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. Zabu Finance publicized the vulnerability by appealing to Avalanche and popular Avalanche-hosted decentralized exchanges like Pangolin and Trader Joe for assistance: “Zabu […]
UK hedge fund Brevan Howard launches crypto division
Brevan Howard has also engaged Colleen Sullivan, the former CEO of CMT Digital, to oversee private and venture capital investments in cryptocurrency. The hedge fund Brevan Howard , which is based in the United Kingdom, intends to “significantly expand” its bitcoin and digital asset portfolio, according to a recent report from Reuters. Founder and long-time […]