Major news and quotes of the largest cryptocurrencies.
Media: Telegram intends to raise $ 1 billion in convertible debt
Pavel Durov held private negotiations with investors to raise funds that would be converted into shares during a possible IPO. According to one of the sources of the publication, we are talking about the amount of about $ 1 billion, but plans may change. The media report that Telegram has been considering opportunities to attract funding for several months, but with the approach of April, when Durov has to pay off investors, the need for him has increased. In particular, we are talking about collecting several hundred million dollars through debt instruments, which will then be converted into shares during the IPO. Later, Durov partially denied the publication, but noted that his team had indeed received offers from financial organizations to provide a loan to Telegram.
Bitmain’s rival to IPO on NASDAQ
MicroBT, a Chinese mining hardware manufacturer under the Whatsminer brand, is planning an initial public offering (IPO) on the US NASDAQ. MicroBT is the second largest miner manufacturer in the world after Bitmain. According to sources, MicroBT was studying the possibility of listing on the exchange in early 2019. The company’s plans were influenced by the prosecution of founder Yang Zuoxing, initiated by Bitmain. MicroBT reportedly completed a $ 700 million funding round in January 2019.
eToro may ban buying bitcoin over the weekend
Brokerage company eToro has warned clients about “possible restrictions” in order execution. A letter from the firm said: “The unprecedented demand for cryptocurrencies, coupled with limited liquidity, presents challenges to our ability to support PURCHASE requests for Bitcoin over the weekend. In this regard, we may need to impose restrictions on applications for the PURCHASE of cryptocurrencies on the weekend. ” EToro hopes it won’t have to impose restrictions, “but the cryptocurrency market is currently very volatile and the weekend is the hardest.”
The total capitalization of the cryptocurrency market at 17:20 is $ 432 950 294 883 852 900. The volume of trades in 24 hours was $ 130 010 223 041
- Bitcoin rose 13.67% to $ 39,252.03
- Ethereum rises 12.58 to $ 1192.64
- XRP fell 0.14% to $ 0.298
- Tether rose 0.02% to $ 1
- Bitcoin Cash Rises 8.57% To $ 518.42
The best growth among the top 100 cryptocurrencies was shown by: HedgeTrade (+ 207.54%).
- Bitcoin: $ 0.234 for 1 TH / s
- Ether: $ 0.111 for 1 MH / s
- Bitcoin Cash: $ 0.129 for 1 TH / s
- Litecoin: $ 3.612 for 1 GH / s
- Dash: $ 0.0188 for 1 GH / s
You can find a complete list of ongoing and expected ICOs at the link.