Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
On Friday, Morgan Stanley announced a significant shift in its financial services, becoming the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds (ETFs) to qualified clients. This move is set to take effect on August 7, and will enable the banks 15,000 advisors to recommend two specific BTC […]
Bitwise co-founder Hong Kim is a hardcore Bitcoiner whos determined to uphold Bitcoins ideals as his company, which issued one of the 11 US spot bitcoin ETFs, brings bitcoin to the world of traditional finance.
Analysts said it is common for higher-volatility assets like BTC to move later than lower-volatility ones like equities.
US spot Bitcoin ETFs saw their sixth consecutive day of net inflows totalling around $65 million, highlighting growing mainstream institutional demand. BlackRock's IBIT led the day with $75.5 million in inflows.
The firm revealed it has $44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.
The total crypto market cap dumped to $2.350 trillion once more.
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive?
Bitcoin is not defined by the politics of the loudest voices in the space, in fact, many of them act in complete contradiction to their stated principles.
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.
Bitcoin miner ArgoBlockchain, listedon both Wall Street and the London Stock Exchange (LSE), has announced a £6.5 million private placement agreement with aninstitutional investor. The deal involves the issuance of 57,800,000 ordinaryshares at £0.1125 per share on the LSE, along with warrants to purchase anadditional 57,800,000 shares at the same price.
Argo Blockchain Secures£6.5 Million in Private Placement Deal
Theplacement price represents a premium to Argo's recent trading averages and a10% discount to the closing price on July 29. H.C. Wainwright & Co. isserving as the exclusive placement agent for the transaction.
Argo plansto use the net proceeds for working capital, general corporate purposes, anddebt repayment. The company expects the placement shares to be admitted totrading on the London Stock Exchange's Main Market around July 31, 2024.
The netproceeds of the Private Placement will be used by the Company for workingcapital and general corporate purposes, including the repayment of indebtedness,the company commented.
$ARBK Argo Blockchain Secures £6.5M From Institutional Investor Through Private Placement.The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the repayment of indebtedness.$TKNO $JTAI $IMNN $TWOU
sammler (@sammler909) July 30, 2024Followingthe placement, Argo's total issued share count will increase to 636,352,148.The newly issued shares and any shares from exercised warrants will have equalranking with existing ordinary shares.
On the Nasdaq,the miner's shares (ARBK) tested the $2 level during Monday's session, thehighest in over three months. However, before the session ended, they fell to$1.6. Meanwhile, on the LSE (ARB), the company's shares did not react stronglyto the latest information on Tuesday and are trading around 11 pence, aftertesting the 13.5 pence level on Monday, which was the high from April.
Crypto Miner ReducedLosses
ArgoBlockchain operates cryptocurrency mining facilities in Quebec and Texas, witha focus on sustainable practices powered by renewable energy. Recent financialreports from Argo paint a picture of improving performance and strategicadjustments in the face of industry headwinds.
In itslatest quarterly update, the company reported a revenue of $16.8 million,marking a 4% increase from the previous quarter and an impressiveyear-over-year growth of nearly 50%. This uptick in revenue was accompanied bya substantial reduction in net loss, which decreased to $3.2 milliona thirdof what it was in the prior period.
We exitedthe Bitcoin halving with cash of over $12 million, Q1 debt reduction of over$12 million and streamlined Quebec operations resulting from the sale ofMirabel, commented Thomas Chippas, the Chief Executive Officer of Argo.We are enthusiastic about Argo's future growth and development and arededicated to delivering value to our shareholders.
Lookingback at the full-year results for 2023, Argo demonstrated resilience in achallenging market environment. The company managed to achieve a modest grossprofit. In addition, it saw an 85% reduction in losses compared to the previousyear, indicating progress in the company's efforts to streamline operations andimprove financial health.
During the same period, it announced the sale of its data center in Mirabel, Canada.
This article was written by Damian Chmiel at www.financemagnates.com.
HIVEDigital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE)announced plans to construct a 100-megawatt BTC mining operation in Paraguay,aiming to double its revenue and significantly boost its hashrate capacity.
Wall Street Bitcoin MinerPlans 100MW Bitcoin Mine in Paraguay, Targets Revenue Boost
TheVancouver-based company, which specializes in green-focused data centers,intends to power the facility using clean energy from the Itaipu hydroelectricdam. This expansion is expected to increase HIVE's global Bitcoin miningcapacity from 5.6 to 12.1 exahash per second (EH/s) within the next year.
"Thisrepresents a significant milestone in our diversified growth strategy," FrankHolmes, HIVE's Executive Chairman, commented. "We are confident that thisventure can deliver healthy returns and drive long-term value, fosteringeconomic growth and innovation in the region."
Theannouncement follows meetings between HIVE executives and Paraguayan PresidentSantiago Peña, during which the company endorsed Paraguay's business-friendlyenvironment. HIVE emphasized that government stability in areas such as energypricing and taxation would be crucial for future expansion considerations.
Last week, Marathon Digital, another Bitcoin miner from Wall Street, also made headlines when it was ordered to pay $138 million to the founder of a competing mining company. Michael Ho from Hut 8 allegedly developed a growth strategy for Marathon but did not receive the appropriate compensation.
Theproposed data center is projected to generate over $100 million in US dollarrevenue for Paraguay's utility company over the next three years. HIVE plans toleverage its experience in grid balancing and demand response to supportindustrial development in the country.
Last year,the company rebranded from HVE Blockchain to Digital to reflect the evolvingnature of its business. In addition to focusing on cryptocurrency mining, thecompany expanded into high-performance computing (HPC) data centers and thegrowing trend of mass adoption of Artificial Intelligence (AI).
HIVE Digital to build data center in Paraguay, targeting higher hash rate https://t.co/231n1xc4a6 pic.twitter.com/wdQfsgtwFh
HIVE Digital Technologies (@HIVEDigitalTech) July 22, 2024HIVE Buys 500 Mining Rigs
Luke Rossy,HIVE's Chief Operating Officer, also revealed the acquisition of 500 BitmainS21 Pro Antminers, the latest in mining technology. "These units areexpected to ship this month and are integral to the Company's strategy ofcontinually upgrading its fleet while growing its HODL position," Rossyexplained.
As of July21, 2024, HIVE reported holding 2,521 Bitcoin, up from 2,496 at the end ofJune. With Bitcoin's current market value, this represents over $170 million indigital assets on the company's balance sheet.
Accordingto the latest financial report from the publicly traded miner, the companyachieved an annual revenue of $114.5 million and an adjusted EBITDA of $37.5million in the fiscal year 2024. Over the 12 months ending March 31, 2024, thecompany mined 3,123 Bitcoin and held 2,287 Bitcoin, valued at $161.3 million onits year-end balance sheet.
TheParaguay project remains subject to final agreements, due diligence, boardapproval, and regulatory clearances. HIVE stated that further details will be provided in the near future.
This article was written by Damian Chmiel at www.financemagnates.com.
Wall Street's cautious approach to DeFi highlights the tension between innovation and regulatory compliance, impacting the future of financial markets.
The post Why Wall Street is still wary of DeFi appeared first on Crypto Briefing.
Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.
Spot Bitcoin ETFs in the U.S. recorded their largest daily inflow in almost a month on Monday at $129 million, marking a bullish sign for Bitcoin as historically positive July seasonality approaches.
The global asset manager may be on its way to the forefront of settlement technology.
Franklin Templeton is reportedly considering a private fund for institutional investors dedicated to altcoins.
Street Fighter 6 and XDefiant debut among seven new games on GeForce NOW. (Read More)
Goldman Sachs' head of digital assets calls Bitcoin ETFs an "astonishing success", signaling a pivot after years of Bitcoin skepticism from the Wall Street giant.
The New York Stock Exchange plans to launch options contracts tied to the CoinDesk Bitcoin Price Index, marking another major traditional finance player entering the Bitcoin space.
The Head of Research at Galaxy Digital, a crypto-focused financial services firm, believes that both Wall Street and corporations will continue to adopt Bitcoin as we move into an age in which its normalized.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
