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Marathon to Raise $500 Million in Debt to Buy Bitcoin and Mining Machines
November 15, 2021 – Marathon Digital, one of the largest Bitcoin mining firms in the U.S., has said it wants to leverage the debt market to buy bitcoin and mining hardware. It also comes just a month after Marathon said it obtained a $100 million revolving line of credit from Silvergate Bank secured by its BTC and USD. Read the report here. |
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What Taproot Could Mean for Bitcoin Investors
November 15, 2021 – Taproot is designed to improve Bitcoin’s security, privacy and efficiency. It lays the groundwork and foundation for potentially interesting use cases down the road that developers can build on – both from a protocol-wide level and a company-by-company level. Read the report here. |
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Senators Seek to Amend Bitcoin Reporting Changes in Infrastructure Bill
November 15, 2021 – A bipartisan team of U.S. senators is introducing a bill to restrict tax reporting rules present in the infrastructure bill, which is set to become law. “The new bill includes a provision that would make it retroactive to the infrastructure bill’s signing,” Bloomberg reported. Read the report here. |
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Ethereum Layer 2 Developer StarkWare raises $50 million, now valued at $2 Billion
November 16, 2021 – StarkWare is one of a few blockchain startups that have built Ethereum scaling products using rollups technology. StarkWare is set to launch StarkNet later this month, co-founder and CEO Uri Kolodny told The Block. Read the report here. |
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China Warns State-Owned Enterprises to Cease involvement in Bitcoin Mining
November 16, 2021 – China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses. Read the report here. |
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Bitcoin Price Drops nearly 10% in 24 hours, Dips Below $60,000
November 16, 2021 – It fell below $59,000 but has since rebounded slightly. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block. Read the report here. |
