The English soccer league has been considering a partnership with a crypto platform to expand its NFT offerings since 2021.
CoinDesk
Bitcoin Miner Greenidge Generation Reaches Debt Restructuring Deal With NYDIG
The deal will involve NYDIG taking ownership of miners, with the aim to lessen chances of a bankruptcy.
Greenidge Generation, a bitcoin miner operating in New York, has reached a restructuring agreement for the $ 74.4 million debt with its lender, NYDIG.
The restructuring will involve NYDIG purchasing 2.8 exahash per second (EH/s) of Greenidge’s bitcoin miners, which Greenidge will host for NYDIG. This would eliminate $ 57-$ 68 million of debt, leaving Greenidge with approximately 1.8 EH/s of its own miners, while requiring that the mining firm also pledge the rest of its unencumbered assets to secure the remainder of the loan.
🔴 World Reacts to Twitter Deal | This Week in Crypto – Oct 31, 2022
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Elon Musk’s Twitter takeover boosts Dogecoin, FTX could launch a stablecoin and Ozzy Osbourne rocks …
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Portland Trail Blazers Cut Jersey Patch Partner Deal With Staking Firm StormX
Amidst CeFi chaos, it’s been a relatively quiet year for Seattle-based staking platform, StormX. Despite signing a multi-year deal jersey patch sponsorship with the NBA’s Portland Trail Blazers last year, that deal has come to a close according to the team on Friday. StormX is yet to comment on the matter.
Let’s review the brief details that we’re hearing through the wire in the last 24 hours regarding the matter, and how things got to this point.
StormX: Past And Present
What Do We Know About Crypto Exchange FTX And Skybridge’s Recent Deal
Crypto exchange FTX’s venture arm has planned on buying a 30% stake in Skybridge Capital. Skybridge Capital is a hedge fund which was founded by Anthony Scaramucci.
The amount for which the deal was closed has not been disclosed as of yet.
As per reports, SkyBridge will be utilising $ 40 million from the proceeds to buy crypto in order to reinforce its long-term balance sheet.
SkyBridge has been undergoing a difficult patch and the deal was sealed during such a time.
Crypto investors from SkyBridge had exited given the recent investment crash.
Elon Musk Claims Twitter Committed Fraud In $44 Billion Deal Countersuit
Elon Musk and Twitter are set for another court showdown as the billionaire launches a countersuit against the social media giant, which sued him for canceling the $ 44 billion contract to acquire the platform.
Tesla and SpaceX CEO Elon Musk and his legal counsels are alleging in a recent filing that Twitter hoodwinked them about the social media giant’s “key metrics,” and manipulated its value in an attempt to induce the billionaire to purchase the firm at a jacked-up price.
Twitter To Pursue Legal Battle After Musk Terminates $44 Billion Deal
Bret Taylor, the chairman of Twitter, announced that he intends to sue Elon Musk, founder and CEO of Tesla – one of the richest men in the world – in order to enforce the merger deal.
Taylor stated in a tweet on July 8:
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
Related Reading | Why Ethereum Is “Obviously A Security”, Says Bitcoin Bull Michael Saylor
Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit
Tezos Lands $1 Billion Security Token Deal with Major Brazilian Bank
Latin America’s largest investment bank, Brazil’s Banco BTG Pactual S.A., has announced plans to launch Security Token Offerings (STOs) on the Tezos blockchain. The news marks a major step for the Tezos Foundation. $ 1 Billion Worth of Security Tokens to be Issued Banco BTG Pactual will work in collaboration with Dubai’s Dalma Capital “to host […]
The post Tezos Lands $ 1 Billion Security Token Deal with Major Brazilian Bank appeared first on CCN Markets
Dow Futures Rage on ‘90% Complete’ Trade Deal Hysteria Ahead of G20
Dow Jones futures launched a triple-digit rally in early trading on Wednesday as Treasury Secretary Steven Mnuchin said the China trade deal is 90 percent complete. Speaking to CNBC, Mnuchin confirmed that Trump and Xi Jinping were inching closer to a resolution with their G20 meeting just days away. After back-to-back losses on the stock […]
The post Dow Futures Rage on '90% Complete' Trade Deal Hysteria Ahead of G20 appeared first on CCN Markets
Trump Will Sign a Trade Deal If the Dow Hits This Crisis Level
By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $ 528 billion under
Blockchain Firm’s Canadian Pharmacy Deal Puts Cannabis Stocks in Play
By CCN Markets: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with prescribing the drug. For interested investors, TruTrace’s stock trades as symbol “TTT” on the Canadian stock exchange. Shoppers Drug Mart operates roughly 1,300 pharmacies in Canada and already sells various products containing marijuana. It hopes to make doctors and patients feel more secure.
What’s the Deal With the Lightning Network?
Remember that layer two scaling solution they promised for Bitcoin back in the day? Does anyone know what happened to it? It feels like we’ve been waiting for a finished Lightning Network longer than Mt. Gox victims have been awaiting restitution. For now, Lightning is accessible to users with the skills to navigate its quirks and complexities, but for beginners, LN can be bewildering – and its challenges don’t end there.
Also read: Bitcoin Trades for a Premium in Hong Kong During Protests
How a Large Cash for Bitcoin Deal Goes Down
AJ is a British bitcoin miner who loves privacy and hates KYC. When he needs cash to pay his bills, he meets bitcoin buyers in person. EZ is a full-time bitcoin trader who spends his days driving from city to city buying and selling BTC. This week, the two strangers met to conduct a $ 20K trade. News.Bitcoin.com watched the deal go down, noting the steps each party took to protect their assets.
Also read: What It Takes to Air a TV News Channel Devoted to Crypto Assets
U.K. Brexit Deal Beamed Into Space Through Blockstream’s Satellite Messaging App
Earlier this month, blockchain startup Blockstream announced that its satellite messaging application programming interface (API) was launching on Bitcoin’s mainnet. Now, one enterprising bitcoiner has used this platform to beam the U.K.’s proposed Brexit deal into space.
The application allows users to beam data into space, which can be downloaded by anyone with the appropriate receiver. Users can pay for the service using the Lightning Network.
Confirmed: Nike Signs First Major Esports Deal With Chinese LoL Pro League
Following our initial report that suggested that Nike (NKE) had entered into its first esports deal with the Chinese League of Legends Pro League (LPL), the athletic giant came out today to officially announce a four-year deal with the league. LPL x Nike Starting from the 2019 Mid-Season Invitational, you can purchase @Nike and LPL […]
SludgeFeed
Trump: No US-China Trade Deal until I Meet with Xi Jinping
The United States and China are making progress in negotiations to end their ongoing trade war, but the world’s two largest economies won’t sign a new bilateral agreement just yet, US President Donald Trump said on Thursday. Trump Oval Office Negotiations Won’t Bring Trade Deal Writing on Twitter, Trump said that while he plans to meet with “China’s top trade negotiators” today in the Oval Office, he has no intentions of striking a formal trade deal until he meets face-to-face with Chinese President Xi Jinping. China’s top trade negotiators are in the U.S. meeting with our representatives. Meetings are
Breaking: No Trade Deal Anytime Soon! Wilbur Ross Throws Cold Water on U.S.-China Negotiations
By CCN.com: U.S. Commerce Secretary Wilbur Ross quelled expectations of an imminent free-trade agreement with China Thursday after he said Washington and Beijing remain “miles and miles” apart on a new deal. No Deal Yet In an interview with CNBC’s Squawk Box, Ross indicated that the United States and China are nowhere near finalizing a
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Trump Faces Speedbump in China Trade Deal: Will This End the Dow Jones Recovery?
By CCN.com: On January 23, the Trump administration reportedly rejected the offer from China to send two vice-ministers to the US to continue the trade talks. The Dow Jones, which has been on a decline since January 18, may face a major trend reversal. Following a steep decline from 25,826 points to 21,792 points in
The post Trump Faces Speedbump in China Trade Deal: Will This End the Dow Jones Recovery? appeared first on CCN
Poised for a Comeback? Dow Jones Pares Losses after President Trump Predicts New Trade Deal with China
U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. Stocks Bounce Off Lows The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile pre-market session for Dow futures. At the time of
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