Terraform Labs’ bankruptcy Reorganization Hearing Set for September
On September 19, insolvent crypto firm Terraform Labs will undergo its Chapter 11 bankruptcy reorganisation hearing. The court’s decision will determine the company’s fate. Determining the company’s future will be contingent upon the hearing results. Terraform has been the subject of legal disputes and financial instability since the Terra ecosystem’s abrupt collapse in 2022. The […]
Bitfarms Acquires Stronghold Digital Mining in Recent Deal
Bitfarms Mining Corporation has announced the acquisition of Stronghold Digital Mining for an estimated $125 million in equity value. The transaction considers an assumed debt of approximately $50 million, and it is anticipated to increase Bitfarms’ energy portfolio to over 950 megawatts by the end of 2025, which may add up to 307 megawatts of […]
Tether to Launch Stablecoin Linked to UAE Dirham
Tether, a significant stablecoin provider in the digital asset industry, has disclosed its intention to introduce a new stablecoin linked to the United Arab Emirates dirham (AED). Phoenix Group PLC and Green Acorn Investments Ltd., based in the United Arab Emirates, sponsor the new stablecoin, as indicated in the press release disclosed to Cointelegraph. The […]
Ledn Secures $50M Bitcoin-backed Syndicated Loan
Ledn, a digital lending platform, announced the successful acquisition of the industry’s first $50 million syndicated loan backed by Bitcoin. Sygnum, a global digital asset banking corporation with $4.5 billion in client assets, syndicates the Bitcoin (BTC) backed loan. The loan marks an industry first and will “fund the growth of Ledn’s retail lending operations,” […]
Starknet Prepares for First Mainnet Inaugural Staking Vote
Starknet, a decentralised layer-2 scaling solution based on Ethereum, is preparing to conduct its inaugural staking vote on the mainnet for native STRK token holders. The network will implement a staking mechanism in September to enhance and decentralise its functionality. The date of the staking launch has yet to be established; however, it is anticipated […]