From Russia’s implementation of stringent regulations to key investments in mining infrastructure, these series of events showcase the sector’s swift evolution. Crypto Mining Gets Legal Framework in Russia Russia’s State Duma passed a law in late July to regulate crypto mining and digital asset circulation. The legislation targets large-scale operations …
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The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion …
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Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
by Aoyon Ashrafby Aoyon AshrafIonic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius’ mining assets, has delayed a plan to go public after losing its CEO and auditor. Former CEO Matt Prusak told the company in July he won’t stay on after the end of his employment term on Aug. 14, the …
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Circle’s private stock valued up to $5.25 billion on secondary market: report
by MK Manoylovby MK Manoylov–> Circle Internet Financial’s privately held stock is trading between $5 billion and $5.25 billion in value in the secondary market, reports CoinDesk citing several people familiar with the matter. Circle has allowed some of its shares to trade only in certain, limited circumstances, CoinDesk continued, adding that the sellers …
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Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO: Sources
by Will Cannyby Will CannyCircle stock is said to be trading around a $5 billion valuation for the company ahead of its planned listing. The firm reached a valuation of about $9 billion in 2022 when it first tried to go public via a failed SPAC deal. How On-Chain Consumer Products Represent an Industry …
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Ripple vs. SEC: Legal Expert Bill Morgan Dissects Ripple Settlement Speculations
by Elena Rby Elena RAs the legal battle between Ripple and the SEC continues, recent discussions and social media buzz have intensified about the potential for a settlement. Bill Morgan is reacting strongly to the hype around a potential settlement. The “Showdown” Dilemma Ripple CEO: SEC Showdown Next Week! Brad Garlinghouse, Ripple’s top dog, …
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In the wake of the much-anticipated Ethereum ETF launches, Wall Street appears to be grappling with how to effectively communicate their value to potential investors. According to a new report by 10x Research, BlackRock has resorted to describing ETH as “a bet on blockchain technology.” However, this characterization may not …
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Bitcoin financial services platform Fold announced plans Wednesday to go public via a special purpose acquisition company (SPAC), in a deal that values the firm at $365 million. To facilitate the transition, Fold has reached an agreement with FTAC Emerald Acquisition Corp. through which the businesses will combine, with the …
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Kevin O ‘Leary, chairman of O’Leary Ventures and “Mr. Wonderful” on “Shark Tank,” spoke with CoinDesk’s Jennifer Sanasie. The following is a lightly edited transcript of their interview. Jennifer Sanasie: Alright, I gotta talk about that background. It just looks so lovely. What? Where? Are you sitting by a pool …
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Early employees of startups are often given shares as part of their compensation, which they can sell when the company goes public. Revolut may be aiming to allow employees to cash out their holdings while giving the fintech firm’s valuation a boost ahead of an IPO. Umee CEO on DeFi …