Bitfarms implements fresh poison pill strategy to fend off Riot Platforms takeover bid

Bitfarms has introduced a new shareholder rights plan — a so-called poison pill strategy — to thwart Riot Platforms’ takeover attempt, according to a July 24 statement. The miner intends to issue new shares to dilute stakes if any entity, including Riot Platforms, acquires over 20% of its shares within the next six months. The […]
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Cryptocurrency
25 Jul 2024

Celebrity tokens down 94% on average month after launch

The venture of celebrities into the crypto market has seen a significant downturn as the market values of their tokens have fallen dramatically since their launch a month ago. According to data compiled by a prominent crypto community member, Slorg, all 30 celebrity tokens launched on the Solana blockchain in June have experienced steep declines […]
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Cryptocurrency
25 Jul 2024

Marathon Digital bucks trend, acquires $100 million in Bitcoin as others sell

Bitcoin miner Marathon Digital acquired $100 million worth of the flagship digital asset, boosting its total holdings to over 20,000 BTC, according to a July 25 statement. Bitcoin Treasuries data ranks Marathon as the second-largest Bitcoin-holding firm, while MicroStrategy remains the top public holder with over 220,000 BTC or 1.07% of the total supply. Meanwhile, the […]
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Cryptocurrency
25 Jul 2024

UK regulators fine Coinbase $4.5 million, grant Revolut banking license

Two crypto companies, Coinbase and Revolut, suffered contrasting fortunes in the hands of the UK authorities during the past week. Coinbase fined The UK’s Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), a subsidiary of Coinbase Group, £3.5 million ($4.5 million) for breaches related to Anti-Money Laundering. In a July 23 notice, the FCA […]
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Cryptocurrency
25 Jul 2024