Live Feed

ClearToken Wins Approval From U.K.'s FCA for Digital Asset Settlement Service

ClearToken has received authorization from the U.K.’s Financial Conduct Authority (FCA) to launch CT Settle, a delivery-versus-payment (DvP) settlement system designed for digital assets, stablecoins, and fiat currencies. This innovative platform addresses significant industry challenges such as capital inefficiency resulting from pre-funding trades on exchanges and OTC markets. CT Settle allows for simultaneous transfers of assets and payments, effectively minimizing counterparty risk while increasing liquidity for institutional traders. By mirroring traditional market structures like the Continuous Linked Settlement (CLS) in foreign exchange, ClearToken aims to build a regulated clearing and settlement infrastructure for digital markets. In addition to CT Settle, the company plans to introduce a central counterparty clearing house (CCP) subject to Bank of England approval, and to extend its offerings to tokenized securities through the U.K.’s Digital Securities Sandbox.

Source 🔗

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin mining company CleanSpark has increased its convertible notes offering from $1 billion to $1.15 billion, aiming to raise over $1 billion for various corporate purposes. The company plans to allocate approximately $460 million to repurchase its own shares from note investors at a price of $15.03 per

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

Bitcoin miner CleanSpark announced an upsized convertible notes offering of $1.15 billion, an increase from the initial $1 billion. The company plans to use approximately $460 million from the offering to buy back its own stock at a price of $15.03 per share from note investors. Following these

Bitcoin Miner CleanSpark Extends Stock Slump After Upsizing Notes Offering to $1.15 Billion

CleanSpark, a Bitcoin mining company, has increased its convertible notes offering from $1 billion to $1.15 billion, leading to a continued decline in its stock price. After initially announcing the offering, which includes a potential additional $150 million in shares, CleanSpark's stock, CLSK, fell nearly 8%, extending

Read next