Business

David Beckham-Backed Prenetics (PRE) Raises $48M to Advance Bitcoin (BTC) Treasury

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DIRECTION (October 27, 14:35 UTC): Prenetics updated their numbers when the announcement was live — correcting $46.8 million and $212 million to $48 million and $216 million, respectively. Prenetics (PRE), the health sciences company backed by David Beckham, has raised $48 million in an oversubscribed equity round to expand its wellness brand IM8 and advance […]

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IBM Unveils Digital Asset Platform to Help Banks, Enterprises Manage Tokenized Assets

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Global technology provider IBM (IBM) is pushing deeper into cryptoassets with a new platform designed for banks, governments and large corporations looking to securely manage digital assets across multiple blockchains. IBM Digital Asset Haven aims to offer custody, transaction routing and settlement across more than 40 public and private chains, the firm said in a

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Bitcoin’s record highs gave way to historic liquidations

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Historically, October has been the month where the crypto market has experienced the most upside, so investors could be forgiven for throwing terms like “uptober” around when bitcoin BTC$114,137.72 broke the record on October 6. What happened since, however, was arguably the most destructive month ever, despite BTC today trading a hair higher than October

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S&P Slaps B- Rating on Strategy (MSTR), Citing Bitcoin (BTC) Exposure and Cash Burn

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Strategy (MSTR) received a B credit rating from S&P Global on Monday. The rating reflects S&P’s view that the company’s business model – centered almost entirely on owning bitcoin – carries significant financial risk despite its large market capitalization and strong capital market access. The lowest investment grade on S&P’s scale is BBB, making Strategy’s

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