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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) for its CT Settle platform, a delivery-versus-payment (DvP) settlement system that facilitates the simultaneous transfer of crypto, stablecoins, and fiat currencies. This innovative platform addresses the longstanding issue of capital inefficiency related to pre-funding trades in exchanges and over-the-counter markets. By eliminating the need for pre-funded collateral, CT Settle reduces counterparty risk and improves liquidity for institutional traders. ClearToken, backed by a Nomura subsidiary, aims to create a regulated clearing and settlement layer for digital assets, similar to the CLS model used in foreign exchange. In addition to CT Settle, the company intends to offer a central counterparty clearing house (CCP) and plans to extend its offerings to tokenized securities, pending approval from the Bank of England.

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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

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