Bitcoin (BTC) begins a new week with a rare disappointment for its Q4 bull run — failing to crack previous support. After a promising weekend, BTC/USD ultimately saw rejection at $60,000 twice, and has since headed below $57,000 as market momentum wanes. The stakes are high: some believe that sky-high Bitcoin price targets can still be met by the end of the month, while others believe that this bull market will take longer to play out than previous ones. With November looking ever more likely to break with tradition and underdeliver — both compared to recent months and old bull …

Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC. In a Thursday report, Bloomberg said Bitcoin (BTC) mining firm PrimeBlock is currently discussing going public in the U.S. through a merger with 10X Capital Venture Acquisition Corp II. Though the terms of the deal are reportedly not yet finalized, the merger could result in a valuation of the two firms at roughly $1.5 billion following a $150 million fundraising round from the venture capital firm. A crypto mining company based in the United States, PrimeBlock …

Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned. Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first quarter of 2022, the company’s founder and CEO Novogratz announced Monday. “We look forward to our U.S. listing and the close of our BitGo acquisition, which we now expect will occur in the first quarter of 2022,” he said. The U.S. The Securities and Exchange Commission is yet to approve Galaxy Digital’s potential listing on an American exchange, …

The U.S. Securities and Exchange Commission has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana. According to a Nov. 15 filing with the SEC, Marathon Digital received a subpoena concerning an investigation concerning possible violations of the federal securities law related to its Hardin, Montana data center. In the third quarter of 2021, the SEC ordered the mining firm to produce documents and communications for the 100 megawatt facility, which it made arrangements to develop and stock with Bitcoin (BTC) miners in October 2020. Marathon Digital said it …

Marathon Digital Holdings, one of the largest Bitcoin (BTC) mining companies in the United States, is looking to raise $500 million in debt to buy Bitcoin and set up new Bitcoin miners. The Nasdaq-listed company officially announced Monday a private debt offering featuring a $500 million aggregate principal amount of its convertible senior notes. The company also expects to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of notes after 13 days from the date the notes are first issued. “The notes will be senior, unsecured obligations of Marathon, will accrue interest …

Tesla CEO Elon Musk has offloaded more than one billion dollars worth of shares according to recent financial filings. Filings submitted on Nov. 11 to the Securities and Exchange Commission confirm the sale of more than 934,000 Tesla shares worth around $1.1 billion. Musk sold the shares at an average price of around $1,170, locking in almost 180% in gains in prices over the past year. It is just the third time Musk has sold company stock since Tesla went public on the Nasdaq in 2010, and it is his largest transaction. The filings show that Musk planned to sell …

Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a domain of bedroom coders to a growing financial sector with over $2 trillion in market capitalization, the crypto space has seen a sudden surge in value and continues to attract huge interest from investors. While crypto assets have proven to be valuable, volatility remains a top concern, especially for institutional players. Sure, any investor can buy some cryptocurrencies and profit from their rising value. However, investing in …

Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens from to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting, and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider. Matthew Averay, managing director and CEO at Enegra, said: We tokenized our equity to improve liquidity. And, now that the technology is available for faster, cheaper, and compliant transactions on …

Bitcoin (BTC) bulls are betting on a solid month for BTC price action as November traditionally sees strong U.S. stock gains. Data shows that November has been the best performing month for the S&P 500 since 1985. November 2021 has stiff competition With "Uptober" already the biggest in terms of gains for Bitcoin in 2021, the odds are on for stocks to act as a catalyst for further upside in "Moonvember." Median S&P 500 progress in November over the past 35 years has been just over 2% — making it the only month to achieve those median returns. At the …

ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily trading data, Wood’s ARK purchased a total of 2.24 million shares of Robinhood across three of Ark’s ETF funds, with the majority of shares going to the flagship fund ARK Innovation ETF. Robinhood now accounts for 1.33% of the Innovation ETF. On Oct. 27, the trading platform had declared a 78% decline in crypto revenue — from $233 million in Q2 to $51 million …

GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME stock is a cult favorite amongst retail traders as a result of the r/wallstreetbets and Robinhood saga earlier this year. On Reddit the r/Superstonk community boasts 659,000 members, and is dedicated to hosting business and stock discussions related to GME. A post about GameStop’s job listings yesterday has received more than 10,000 upvotes at the time of writing, with many members posting bullish sentiments over GameStop’s latest move. GameStop quietly unveiled a bare-bones website for its NFT marketplace …

Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given COIN a bullish price target of $415 which is substantially higher than Monday’s closing price of $319. The analyst stated that the stock offers investors “direct exposure to increased retail and institutional adoption of cryptocurrencies.” The multinational banking giant sees the potential in Coinbase as the company makes continued efforts to expand its operations beyond …