The world's first exchange-traded product (ETP) that combined exposure to bitcoin (BTC) and gold has been listed on the Swiss SIX stock exchange.
Bitcoin (BTC), after a price pop on Monday above the crucial psychological level of $40,000, is again flirting with a six-week low.
As of press time, the largest cryptocurrency by market capitalization was down 3.3% in the past 24 hours, trading at $38,210 – close to the lowest since mid-March. The bitcoin price climbed as high as $40,800 earlier Tuesday but dropped more than 5% in the past four hours.
One of the poorest country in the world makes the loudest noise in joining El Salvador to declare Bitcoin as legal tender.
“The adoption of Bitcoin as an official currency represents a decisive step towards opening up new opportunities for our country,” said Faustin Archange, the President of the Central African Republic (CFA), upon signing the law.
Bitcoin miner CleanSpark has agreed to borrow up to $35 million from Trinity Capital to purchase more mining equipment.
The three-year financing agreement has been secured by 3,336 new S19j Pro Bitcoin mining rigs, according to a Securities and Exchange Commission filing submitted Friday. The company has 23,000 Bitcoin miners in operation and expects to add 12,000 before the end of October.
The Las Vegas-based Bitcoin miner, which trades on Nasdaq under CLSK, immediately receives $20 million and has until the end of the year to draw down on the remaining $15 million in increments of $500,000.
“As we mentioned in our Q1 earnings call, debt capital is currently the lowest cost of capital available to the company,” CFO Gary Vecchiarelli stated in a statement.
Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.
The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. This is expected to occur by the end of 2022, according to experts who spoke with Cointelegraph Brasil.
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