Marathon Digital Holdings CEO Fred Thiel warned that smaller miners will face financial strain following the Bitcoin halving event in April. In a CNBC interview published Friday, Thiel highlighted the disparity in access to capital and equipment financing between smaller and larger miners in the current mining market cycle. He noted that while larger miners...
The Grayscale Bitcoin Trust’s (GBTC) exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a week of substantial outflows, with March 18 witnessing the largest single-day outflow of $642 million, according to data from Farside Investors. The latest figures bring the total outflows...
The Canadian market failed to hold early gains and ended lower on Monday, pulled down by losses in healthcare, industrials, utilities and consumer discretionary stocks. A firm display by energy stocks helped limit market\'s downside. The overall mood remains a bit cautious with investors awaiting a slew of crucial U.S. and Canadian economic data. The...
An industry expert, on Sunday, has ‘debunked’ claims that the European Union has banned anonymous crypto wallets and transactions. On Saturday, reports spread across the industry, claiming that the EU’s recent anti-money laundering (AML) law specifically targets banning anonymous crypto accounts. However, industry expert Patrick Hansen addressed these claims, clarifying that the law does not...
The U.S. dollar shed ground against its major counterparts on Monday ahead of a slew of key economic data, including a reading on the PCE price index, which is the Fed\'s preferred measure of inflation. The core PCE price index is expected to have climbed 0.3% month-on-month in February, keeping annual reading unchanged at 2.8%....
2024 began with over 9,000 cryptocurrencies created and still available globally, according to Statista. This is 13% fewer projects ‘alive’ compared to the all-time high reached in February 2022. That said, between February 2023 and January 2024, there was a 4% increase in the number of available projects. The road to the current volume was...
CommEx, the exchange that took over Binance’s operations in Russia in September 2023, has announced it is closing down and has stopped accepting deposits. While the exchange has refrained from stating the motives behind this decision, it has outlined that it will wind down all operations before May 10, 2024. CommEx Announces Suspension of Trading...
The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious crypto trading platform claiming to be registered with the regulator. HKCEXP allegedly warned as it lured investors by falsely claiming to be an “SFC-registered business.” The SFC warns investors of HKCEXP In June 2023, Hong Kong officially...
In a recent transaction, Kevin G. Hostetler, the Chief Executive Officer of Array Technologies, Inc. (NASDAQ:ARRY), sold 8,176 shares of the company\'s common stock. The sale was executed at a price of $12.30 per share, resulting in a total value of $100,564. Array Technologies, known for its work in the miscellaneous manufacturing industries, saw this...
Agiliti, Inc. (NYSE:AGTI) has reported a sale of common stock by EVP & General Counsel Lee M. Neumann. According to the latest SEC filing, Neumann sold 4,685 shares at a price of $10.07 per share, totaling approximately $47,177. The transaction took place on March 20, 2024, and was executed under a prearranged 10b5-1 trading plan,...