US Banks Are Unable to Completely Finance Crypto Miners
At a congressional hearing on Wednesday, the heads of major US Banks like Citigroup, Bank of America, and Wells Fargo were questioned. Leading American banks’ executives announced on Wednesday that they have no plans to provide financing for cryptocurrency miners. During a hearing of the House Financial Services Committee, Rep. Brad Sherman (D-Calif.), a critic […]
El Salvador Buys Back Bonds, Plans New Offering Launch
The bond repurchase is viewed as El Salvador attempt to allay concerns about a probable debt default. President Nayib Bukele said on Wednesday that the South American country had repurchased $565 million worth of its debts due in 2023 and 2025.El Salvador reportedly paid $432 million for 54% of the 2025 bond issue, according to […]
SEC and Ripple General Counsel Continues Legal Battle
Stuart Alderoty, general counsel of Ripple, stated to a news correspondent “First Mover” that he sees “the beginning of the end” because the SEC’s case has failed after two years of litigation. The legal conflict involving the U.S. If a federal judge rules that the cryptocurrency startup did not break federal securities laws, the Securities […]
FTX in Discussions for Up to $1B Capital Raise at $32B Valuation
The massive exchange is raising capital in order to contemplate acquisitions. The company saw a $400 million capital raise in the Series C round in January. The well-known cryptocurrency exchange FTX, which is run by Sam Bankman-Fried, is reportedly in talks to raise $1 billion in a fresh investment round to lift its valuation to […]
Helium Favors Solana Over Its Blockchain After Community Vote
80% of voters in the early Asian hours of Thursday supported relocating Helium’s original network to Solana, demonstrating the strong support of the electorate. Members of the Helium community have decided to transfer the decentralized WiFi network from HIP 70, the blockchain used by Helium, to the Solana blockchain. In the last hours of early […]