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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 platform addresses the issue of capital inefficiency prevalent in the industry due to the pre-funding of trades. CT Settle allows for simultaneous asset and payment transfers, which significantly reduces counterparty risk and enhances liquidity for institutional traders. The system is modeled after traditional market infrastructures, such as CLS in foreign exchange, and aims to establish a regulated framework for digital assets. In addition to CT Settle, ClearToken plans to introduce a central counterparty clearing house (CCP) and extend its offerings to include tokenized securities in collaboration with the U.K.’s Digital Securities Sandbox. The approval reflects a broader movement toward integrating cryptocurrency solutions into the regulated financial ecosystem.

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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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