Cathedra Bitcoin Stop Mining to Pursue MicroStrategy Plan
Cathedra Bitcoin is ceasing its seven-year BTC mining operation to acquire abundant Bitcoin on the open market like Microstrategy. Over the past three years, Cathedra Bitcoin , a Canadian Bitcoin miner, has stated that mining has not generated sufficient shareholder value on a Bitcoin basis. Consequently, the company has implemented a change in strategy. Cathedra […]
Can BlackRock’s Support of Coinbase cbBTC Push Comm Trust?
Coinbase cbBTC is currently experiencing transparency issues due to Justin Sun’s concerns. Analysts remain optimistic about the reserve’s integrity due to BlackRock’s support. Concerns regarding the reserve transparency of Coinbase cbBTC have been exacerbated by its introduction on the Base network. After Justin Sun identified the absence of Proof-of-Reserve (PoR) for the new product, these […]
Will Robinhood Crypto Launch Its Own Stablecoin?
Amid the increasing popularity of stablecoins, Johann Kerbrat of Robinhood Crypto suggests that a potential stablecoin introduction is near. Johann Kerbrat, Robinhood Crypto’s General Manager, suggested that the company may create its stablecoin during a recent podcast with Tony Edward (Thinking Crypto). Kerbrat discussed the significance of stablecoins and their role in the crypto space, […]
MicroStrategy To Issue $700M Debt To Buy More Bitcoin
MicroStrategy has initiated a fresh attempt to acquire additional Bitcoin by issuing a $700 million debt note for the second time this month. MicroStrategy , an American software and business intelligence company, is on course to acquire additional Bitcoin (BTC).The company has announced its intention to conduct a Private Offering of $700 million in Convertible […]
Ex-SEC Officials To Testify at SEC Crypto Hearing
The SEC crypto hearing will include testimony from former US SEC officials who will address concerns regarding the agency’s politicized approach to digital assets. Former high-ranking officials are scheduled to testify in a congressional hearing against the Securities and Exchange Commission (SEC). The SEC crypto hearing, “Dazed and Confused: Breaking Down the SEC’s Politicized Approach […]