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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 designed for digital assets, stablecoins, and fiat currencies. This platform addresses the capital inefficiencies in trading by eliminating the need for pre-funding trades, enabling assets and payments to be transferred simultaneously. This innovative model encourages efficiency for institutional traders by freeing up liquidity and reducing counterparty risk. Backed by Nomura, ClearToken is working towards creating a 24/7 post-trade infrastructure for digital markets, similar to established systems like CLS in the forex market. The firm also intends to introduce a central counterparty clearing house (CCP) pending Bank of England approval and plans to support tokenized securities within the framework of the U.K.’s Digital Securities Sandbox. Additionally, ClearToken is among the few companies that have been granted such regulatory approval in the current climate.

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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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