News list for " services company"
According to Coindesk, the latest research report of financial services company Canaccord Genuity shows that bitcoin mining is expected to continue to be profitable in 2025, and the mining cost of major mining companies is about 2.6-2 8,000 dollars per bitcoin. The report also pointed out that the large-scale power supply of mining companies is increasingly attracting the attention of artificial intelligence data center hosting business. In addition, several large listed mining companies are usi...
Tether is suing Swan Bitcoin, a financial services company, over a contractual dispute over the two companies' bitcoin mining joint venture. "Tether and its co-plaintiff, 2040 Energy Limited, have recently commenced proceedings against Swan in the High Court of England and Wales," a Tether spokesperson wrote in an email. "In our partnership with Swan, Tether has always acted with integrity, supported common business objectives and adhered to all relevant agreements," Tether said. On the contrary...
Bitcoin financial services company Fold announced that it has completed a $20 million convertible bond financing provided by ATW Partners, and the two parties have reached an agreement to provide an additional $10 million after merging with FTAC Emerald. The financing is secured by the company's assets, including a portion of Bitcoin, and the bonds will mature three years after Fold becomes a public company and will be converted into common stock of the combined company at a fixed conversion pri...
Following a 4.9 per cent rise in Australian house prices in 2024, Shane Oliver, chief economist at financial services firm AMP, expects average house prices to rise by around 3 per cent in 2025. However, he said the year's performance would be split in two, with the first few months being weak due to high interest rates and rising unemployment, followed by an improvement in the second half as lower rates would eventually act as a boost. Oliver believes the Reserve Bank of Australia will start cu...
Shane Oliver, chief economist at AMP Financial Services in Australia, said the Reserve Bank of Australia was on track to start cutting interest rates in February. He said money markets were pointing to a 69 per cent chance of a rate cut in February. Oliver said the Reserve Bank of Australia should start cutting rates by May at the latest, with at least three cuts expected in 2025. "It is important to note that while Trump's policies could raise US inflation and interest rates, they have ambiguou...
Halliburton, the world's second-largest oilfield services company, has invested in Austin-based startup 360 Energy to enter the bitcoin (BTC) mining space.
Blockchain technology and financial services company WadzPay announced a $36.70 million (US $50 million) share purchase agreement with GEM Global Yield (GEM), a SaaS-based blockchain platform that provides secure and efficient solutions for businesses and consumers. The new funds will be used for WadzPay's acquisitions, partnerships and organic expansion plans.
Bitcoin financial services firm Swan Bitcoin has sued Gibson, Dunn & Crutcher for hiring a lawyer to represent stablecoin issuer and rival cryptocurrency firm Tether. Swan sued Gibson on Nov. 22 in California Superior Court, alleging legal malpractice, alleging that he "solicited and won Swan" to represent Swan against Tether, a "former partner turned adversary," after which the law firm "accepted Tether as a...
Dean Skurka, president and CEO of digital financial services firm WonderFi, believes that interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential Election, will continue to drive bitcoin prices higher over the next 6-24 months. Skurka explained in an interview with Cointelegraph that the recent decision by the Bank of Canada to cut interest rates by 50 basis points, as well as the Federal Reserve's ongoing rate cut program starting in September 2024, will...
The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services company Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Aleksei Andriunin, a Russian citizen living in Portugal, was arrested on October 16. Court documents show that Gotbit provided market manipulation services to create artificial trading volumes for multiple cryptocurrency companies, including those based in the United States, in order to list cryptocurrencies ...
On October 17, financial services firm Euroclear acquired a strategic stake in Singapore-based blockchain company Marketnode for an undisclosed amount. Euroclear's investment aims to modernize financial marekt infrastructure using blockchain, with a focus on streamlining money management and reducing settlement times through distributed ledger technology. Marketnode, founded in 2021 by SGX Group and Temasek Holdings, operates two blockchain platforms: Gateway and Fundnode, focusing on tokenizati...
Bitcoin financial services company Fold has filed an S-4 with the US SEC in preparation for a listing. Currently, Fold's corporate treasury holds more than 1,000 BTC.
According to Bitcoin Magazine, Bitcoin-exclusive financial services company Fold has filed an S-4 with the Securities Exchange Commission (SEC), moving closer to going public.
Cryptocurrency financial services company Matrixport has released a report saying that Bitcoin is headed for its most challenging month, September. It said that returns have historically been negative in September. Additional pressures have been added this year, including the outlook for the US tech sector following the release of Nvidia's earnings forecast, policy decisions by the Federal Reserve, and the upcoming US Presidential Election debate (featuring Harris versus Trump). This September w...
Michael Novogratz, CEO of digital asset financial services firm Galaxy Digital Holdings Ltd., wrote on the X platform that the Ethereum ETF has changed the cryptocurrency industry, not only opening a new channel for Ethereum, but also giving much-needed regulatory clarity to confirm that ETH is not a security.
7x24 Newsflash
Hot News
