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Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 … Read more
In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs The launch of bitcoin (BTC) and ethereum (ETH) ETNs on the LSE platform marks a … Read more
On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the … Read more
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” … Read more
One of the United Arab Emirates (UAE)’s leading real estate property developers, DAMAC Properties, is planning to launch a project in the metaverse soon, the company’s managing director (MD) has said. DAMAC Looking Into NFTs and Metaverse According to Ali Sajwani, the managing director of the real estate property developer DAMAC Properties, his company is … Read more
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in … Read more
Investment management firm Ruffer, with over $27 billion under management, has confirmed that its bitcoin investment now totals $750 million. A Ruffer spokesperson told news.Bitcoin.com that this was “primarily a protective” move for the firm’s portfolios, as the firm reduced its gold investment. Ruffer says that its bitcoin investment is an “insurance policy against the … Read more
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s … Read more
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, … Read more
In Wednesday’s edition of The Daily we cover a number of developments that show how cryptocurrency exchanges around the world are evolving to attract institutional investors while also adding new services to stay competitive in this bearish market. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Huobi Sheds Staff and Plans Stablecoin … Read more
