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Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity. Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin mining company. Riot’s buyout offer represents a 24% premium over Bitfarms’ one-month volume-weighted average share price as of May 24, 2024. Shareholders to own 17% of Bitfarms after Riot’s takeover Riot Platforms, already the largest shareholder in Bitfarms with a 9.25% stake, had initially approached Bitfarms’ board with a private offer on April 22. However, following the rejection of the offer, Riot has now taken the proposal public. The deal would involve a combination of cash and common stock, with Bitfarms shareholders standing to own app...

Arthur Hayes is bullish on crypto amid the macro setup that he says could present a golden opportnity He says altcoins as well as presale tokens may be worth a look at as crypto exits latest window of weakness KangaMoon (KANG) is one of the new projects attracting huge attention as its presale noves towards a close Arthur Hayes believes the crypto market is set to continue on the upside, pointing to the macro setup and the sovereign debt bubble. The Maelstrom family office head, is also bullish on altcoins and new token launches that he says present a “golden opportunity” after the recent crypto weakness. With the market likely to flip bullish in coming months, could this be the time to take advantage of the KangaMoon (KANG) presale? Arthur Hays explains bull market setup and potential opportunities BitMEX exchange co-founder and former CEO Arthur Hayes is bullish on Crypto rebounding after the recent dip, noting that prices could “get si...

Bitcoin surges above $46,000. Bitcoin (BTC) is surging ahead of the much anticipated Bitcoin halving event. Rebel Satoshi gains investor confidence as it nears delivering a 150% presale ROI. The crypto market has witnessed notable outflows over the past week as bears loom. As a result, top crypto coins are trading in the red. However, Ali Martinez, a renowned Twitter analyst , believes Bitcoin (BTC) will surge soon. Meanwhile, Rebel Satoshi ($RBLZ), an upcoming meme coin, is primed for massive gains before the end of the month. Between Bitcoin and Rebel Satoshi, which cryptocurrency will deliver the best returns in February? Let’s find out! Bitcoin: has the Bull Run began? Bitcoin performed poorly over the past seven days. On January 30, BTC was changing hands at around $43,611.27. After holding this level for a day, BTC slumped on January 31 ahead of the US Treasury’s decision on interest rates. The resulting downtrend saw BTC trade as low as ...

Grayscale Investments files for covered call Bitcoin ETF post-SEC’s GBTC approval. Covered call strategy leverages options on Grayscale Bitcoin Trust, targeting income. Grayscale’s legal triumph shapes the evolving regulatory landscape for cryptocurrency. Cryptocurrency asset manager Grayscale Investments continues its strategic moves in the crypto market, recently applying for a covered call Bitcoin ETF. This comes hot on the heels of the successful launch of its spot Bitcoin ETF , the Grayscale Bitcoin Trust (GBTC). The move signifies Grayscale’s commitment to diversifying its offerings and expanding its presence in the cryptocurrency landscape. Grayscale continues crypto market forays Grayscale Investments’ bold move follows the approval of its spot Bitcoin ETF , GBTC, by the US Securities and Exchange Commission (SEC). The covered call ETF is designed to allow investors to generate income from options on Grayscale’s Bitcoi...

The Bitcoin price currently stands at $27,100, signaling a 60% drop from its 2021 peak of $69,000. As anticipation mounts for the next bullish phase, investors are grappling with questions about Bitcoin’s future price trajectory. Since its inception, Bitcoin has been a paragon of exponential growth, rewarding early adopters handsomely. This upward trend can be vividly seen when comparing the lows and highs of Bitcoin’s price across different bull markets. In 2011, Bitcoin peaked at $33, followed by a staggering $1,240 peak in 2013, translating to a remarkable 3,800% surge between these points. Subsequent peaks in 2017 and 2021 hit $20,000 and $69,000, showcasing increases of 1,600% and 350%, respectively. Similar patterns emerge when examining the lows of these market cycles. However, the growth rate between these cycles has diminished, possibly due to Bitcoin’s increased market capitalization, which demands more substantial investments to influence its price. This ...

Source: Adobe / simonmayer The President of Brazil Jair Bolsonaro signed a bill making bitcoin (BTC) and other cryptoassets a legal and regulated payment option in the country - and this move, an expert says, "sets the stage for greater bitcoin ad option ." Bolsonaro signed a bill into law that established the country's official and complete framework for the trading and use of “virtual currencies” in Brazil, per the federal government’s official journal. The bill, previously approved by Congress, was signed on Wednesday and published on Thursday.  It stated that, "For the purposes of this Law, a digital representation of value that can be traded or transferred by electronic means and used to make payments or for investment purposes is considered a virtual asset." Therefore, this does not include national and foreign currencies, electronic currencies, instruments that provide certain benefits and services (such as points and rewards from loy...

Source: AdobeStock / Andriy Blokhin Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Market news Zhou Wei, the former chief financial officer of the Binance exchange and the CEO of the Coins.ph platform, said that the crypto market would remain depressed for a long time with more restrictive regulations coming following the collapse of FTX . “Basically, we have to all brace ourselves for a pretty long winter in the crypto world,” Zhou said to the South China Morning Post. “It’s going to push everyone into a deeper bear market.” Security news North Korean hackers have stolen an estimated ₩1.5 trillion won ($1.2 billion) in crypto and other virtual assets in the past five years, more than half of it this year alone, the Independent reported, citing South Korea’s spy agency. Experts and officials say No...

Source: ChengWen/Adobe A “very different picture” awaits Bitcoin (BTC) and crypto holders in the next crypto spring, a senior Ukrainian politician has warned – as crypto exchanges begin to lose their grip on the sector. The warning came from Danil Getmantsev, the Chairman of the Verkhovna Rada’s Committee on Finance, Tax, and Customs Policy. The MP told Glavcom: “At the end of this crypto winter, a completely different landscape for the cryptocurrency market is likely to emerge in the coming spring.” All-time bitcoin (BTC) prices. The last major crypto winter event took place in early 2018, with a spring beginning in late 2019. (Source: CoinMarketCap) Getmantsev explained that the crypto world operates “according to the laws of the financial world.” But, he noted: “Exchanges are currently undergoing a crisis. They provide cryptocurrencies with liquidity, stability, and relatively objective information about token...

Source: AdobeStock / REDPIXEL Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Social media news Decred (DCR) announced the launch of Bison Relay , described as a “private, censorship-resistant social media and messaging platform that gives users custody over their data.” Per the announcement, the platform offers "zero knowledge communications" with end-to-end encryption, server operators can’t see what users share or which chats they participate in, and users can monetize their content using the built-in Lightning Network. Security news Opera announced the launch of Web3 Guard – a suite of browser security features designed to make web browsing safer for crypto users, said an announcement. Some of the main components of Web3 Guard include Dapp Check, Seed Phrase Phishing Check, and Malicious Address Checker. Blockcha...