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The eye-watering strike option supplants the company’s previous $300,000 maximum offering listed on Jan. 9.

The company cited issues relating to poor liquidity in the face of heightened demand.

Bitfarms was able to sell far few shares for the same amount of proceeds thanks to a 45% rise in its stock price in the last week.

Twitter CEO Jack Dorsey took to (where else?) Twitter to ask the question “was this correct?” regarding his company’s decision to ban U.S. President Donald Trump in the following last week’s attack on the Capitol and then proceed to answer that yes, it was. This story is developing and will be updated.

Bitcoin is recouping losses clocked in over the weekend, which isn’t a surprise to market participants servicing institutional investors.

At last check, bitcoin was trading up more than 9% at more than $37,000. That’s a far cry from the levels over the weekend, when a wave of long liquidations of leveraged retail trades sent the market tumbling to $30,000. While retail traders were selling, institutions were overwhelmingly skewed to the buy side, says Cambrian CEO Martin Green. 

“Institutional buyers were buying up those tips, taking advantage of retail de-leveraging,” he said. “You could see [dips] quickly bought up.”

The following chart shows bitcoin’s price performance earlier in the week. 

Indeed, over the weekend, bitcoin financial-services provider NYDIG said that its clients were overwhelmingly skewed to the buy side — which indicated that the market could soon recover from its lows.

“Our institutional client base saw the drawdown as a buying opportunity. During the drawdown, a full 89% of our client orders were to buy. We see that our client base, made up of institutions with very long-term time horizons, such as insurance companies, see pullbacks as a time to add to their positions.”

At the same time, data from Coinbase showed that retail users were far more bearish, skewed only 38% to the buy side. 

“The initial move triggered selling from retail on Coinbase (see chart) and also retail platforms that use Coinbase for liquidity,” a note from the firm shared with institutional clients noted. “The buy ratio for Coinbase retail has been approximately 60% over the past two weeks, but on Sunday this was 38% as people rushed to take profits.”

It added that market participants on the institutional side were buying, with some noting that they wouldn’t be surprised if bitcoin hits $40,000 by week’s end. From the note:

“Speaking to other market participants, a similar story unfolds. Many saw selling over the weekend but have a long list of buyers that they expect to step in and support Bitcoin here. More than one has commented that they wouldn’t be surprised to see BTC back at $40k later this week.”

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

“We have every millennial that works for us thinks we should have a major pricing, data services, software and participation,” said CEO Lance Uggla.

Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.

Jappa is the latest addition to Riot’s changing boards of directors and advisors.

The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses. 

The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the ECB Governing Council will decide whether to launch a digital euro. 

Initial analysis of the data of raw data finds that 41% of respondents felt view privacy as the most important feature of a prospective digital euro. Security and accessibility in Europe were also top-of-mind among participants, per the ECB.

Senior officials in the EU have said that a digital euro, if approved and launched, would serve in a complementary capacity alongside physical cash. And digital euro wouldn’t happen overnight — estimates indicate that any roll-out would likely take at least two years.

Fabio Panetta, an ECB executive board member and chair of the central bank’s digital euro task force, said: “The high number of responses to our survey shows the great interest of Europe’s citizens and firms in shaping the vision of a digital euro.”

“The opinions of citizens, businesses and all stakeholders are of utmost importance for us as we assess which use cases a digital euro might best serve,” Panetta was quoted as saying.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce.