Author: American Coins & Gold

Crypto Miner Phoenix Group Says UAE Initial Share Sale Was 33-Times Oversubscribed
Phoenix was looking to sell almost 18% of the company for a target raise of $368 million.

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America
AI has the potential to improve productivity and enhance bank returns, the report said.

Fed Minutes Release May Be a Non-Event for Bitcoin
The minutes of the Nov. 1 Fed meeting may be outdated, given the post-meeting softness in economic data and resulting expectations for renewed interest-rate cuts in 2024.

Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains
Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.

Tether Deposits of B With UK Financial Firm Are at Center of High Court Battle: FT
Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

Canadian Regulator Seeks Feedback on Disclosure Rules for Bank Crypto Exposures
The country hopes to align local requirements with those proposed by international banking regulators.

Crypto Exchange Bittrex Global to Shut Down
All trading on the platform will be disabled on Dec. 4, several months after Bittrex’s U.S. arm filed for bankruptcy and stopped operations.

New Ethereum Layer 2 Blast Attracts M Hours After Bridge Goes Live
Blast boasts prominent investors Paradigm and eGirl Capital among others, but there’s no way to withdraw funds until February.

Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.

Polymarket Traders Betting on Sam Altman's Fate Have Become Bipolar
24 hours ago, prediction markets were almost certain that Altman wouldn’t be back as OpenAI’s CEO. Now the market’s answer to that question has changed twice.