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Cryptocurrency

Bitcoin miner Cipher to go public via $2bn SPAC merger
Markets

Bitcoin miner Cipher to go public via $2bn SPAC merger

  • The deal will provide the merged entity with gross cash proceeds of $595 million, which includes $425 million from investors including Fidelity Management & Research Company and Morgan Stanley's Counterpoint Global.
  • Good Work, a special purpose acquisition company, or SPAC, raised $150 million through an initial public offering last year.
Published 05 Mar, 2021 06:12pm
Bitcoin set for worst week since March as riskier assets sold off
Markets

Bitcoin set for worst week since March as riskier assets sold off

  • The world's biggest cryptocurrency slipped as much as 6% to $44,451 before recovering most of its losses.
  • The sell-off echoed that in equity markets, where European stocks tumbled as much as 1.5%, with concerns over lofty valuations also hammering demand. Asian stocks fell by the most in nine months.
Published 26 Feb, 2021 06:13pm
Bitcoin collector MicroStrategy fills its wallet with another $1 billion
Business & Finance

Bitcoin collector MicroStrategy fills its wallet with another $1 billion

  • The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency in cash at an average price of about $52,765 each.
  • MicroStrategy, the world's largest publicly traded business intelligence company, spent last year steadily amassing bitcoin after making its first investment in August.
Published 24 Feb, 2021 07:34pm
Bitfinex, Tether owner pays $18.5mn fine to settle NYAG cryptocurrency cover-up charges
Markets

Bitfinex, Tether owner pays $18.5mn fine to settle NYAG cryptocurrency cover-up charges

  • James said the civil settlement with Hong Kong-based iFinex Inc and related entities will also require them to halt trading activity with New Yorkers.
  • Tether is the world's third-largest cryptocurrency, after Bitcoin and Ethereum, according to CoinMarketCap. Its market value was about $34.8 billion on Tuesday, up from $2.8 billion when James announced her charges in April 2019.
Published 23 Feb, 2021 08:29pm