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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) to launch CT Settle, a delivery-versus-payment (DvP) settlement system for digital assets, stablecoins, and fiat currencies. This innovative system aims to tackle capital inefficiencies that stem from the pre-funding of trades on exchanges and OTC markets, allowing assets and payments to be transferred simultaneously. By eliminating the need for prefunded collateral, this solution reduces counterparty risk and enhances liquidity for institutional traders. ClearToken, which is backed by a subsidiary of Nomura, aspires to establish a regulated clearing and settlement framework for digital assets similar to existing models in traditional finance, like CLS in foreign exchange. Furthermore, the company plans to introduce a central counterparty clearing house (CCP) and extend its services to tokenized securities pending regulatory approval. This development comes as part of a broader trend toward institutional engagement and regulatory advancement in the cryptocurrency sector.

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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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