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

ClearToken has secured authorization from the U.K. Financial Conduct Authority (FCA) to launch CT Settle, a delivery-versus-payment (DvP) settlement system designed for crypto, stablecoins, and fiat currencies. This innovative platform addresses the capital inefficiency associated with pre-funding trades, enabling simultaneous asset and payment transfers. By eliminating the need for pre-funded collateral, CT Settle reduces counterparty risk and increases liquidity for institutional traders. The system models traditional market infrastructure similar to CLS in forex trading. In addition to CT Settle, ClearToken plans to introduce a central counterparty clearing house (CCP), pending approval from the Bank of England, and aims to extend its offerings to tokenized securities through the U.K.'s Digital Securities Sandbox. This move reflects a growing trend in the digital asset space towards regulated clearing and settlement frameworks, promoting stability and legal certainty akin to traditional finance.

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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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