Crypto News
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilitiesSource link
Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group
Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments. (Read More)Source link
FutureNet Co-Founder Arrested in Montenegro Over Alleged $21 Million Fraud
Roman Zimian, who founded the alleged "large-scale international pyramid scheme" FutureNet, had previously escaped from house arrest in Italy.Source link
Bitfarms to Acquire Stronghold Digital Mining in $125 Million Deal
Bitfarms will acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million, expanding its energy portfolio significantly. (Read More)Source link
Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand Craters Amid Weak Market Signals Bitcoin demand has seen a significant decline since earlySource link