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MARA Holdings Increases Convertible Notes Offering to $850 Million

According to Odaily, Bitcoin mining company MARA Holdings has announced an increase in the principal amount of its 0.00% convertible senior notes due in 2030 to $850 million, up from the initially announced $700 million. The company has also granted initial purchasers of the notes an option to buy up to an additional $150 million in principal amount within 13 days from the initial issuance date. The offering is expected to close on November 20, 2024, subject to customary closing conditions.MARA Holdings plans to use approximately $199 million of the net proceeds from the sale of the notes to repurchase, through privately negotiated transactions, a total principal amount of $212 million of its existing convertible notes due in 2026. The remaining net proceeds will be allocated towards increasing its Bitcoin holdings and for general corporate purposes. These purposes may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding liabilities.
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Bitcoin Cash Activates Major Upgrade Enhancing Contract Efficiency

According to U.Today, Bitcoin Cash developer Jason Dreyzehner has announced the activation of a significant upgrade on the Bitcoin Cash mainnet, scheduled for May 2025. This upgrade, now live on chipnet at block 227,228, incorporates two Bitcoin Cash Improvement Proposals (CHIPs): the Targeted Virtual Machine Limits CHIP and the BigInt CHIP, aimed at enhancing the cryptocurrency's capabilities.The Targeted Virtual Machine Limits CHIP focus on optimizing Bitcoin Cash's denial-of-service defenses by extending compute capabilities for real contracts by over 100 times, while simultaneously reducing worst-case node compute utilization by 50%. This adjustment lowers overhead, simplifies contracts, streamlines contract audits, and bolsters overall security. The upgrade is designed to improve contract efficiency, making advanced use cases more feasible, such as post-quantum cryptography, stronger escrow and settlement strategies, zero-knowledge proofs, and homomorphic encryption. Additionally, it introduces new tooling and a cross-implementation benchmarking technique to consistently verify node performance.The BigInt CHIP, or High-Precision Arithmetic for Bitcoin Cash, significantly reduces contract lengths by over tenfold, making previously theoretical applications immediately practical. This includes advanced automated market-making and exchange protocols, decentralized stablecoins, collateralized loan protocols, cross-chain and sidechain bridges, zero-knowledge proofs, post-quantum cryptography, and homomorphic encryption. The upgrade leverages Bitcoin Cash's scalable architecture to provide superior math capabilities, surpassing those of Ethereum, with "bare metal" performance, more byte-efficient, and cost-effective transactions. These enhancements are now accessible to Bitcoin Cash contracts on "layer one," ensuring censorship resistance and cross-contract compatibility without increasing compute requirements, allowing fully archiving Bitcoin Cash nodes to operate on low-cost consumer hardware.Overall, these upgrades aim to enhance Bitcoin Cash's functionality and competitiveness in the cryptocurrency market. Following the announcement, the price of Bitcoin Cash (BCH) showed a modest increase, rising 5% in the last 24 hours to $442, marking the second consecutive day of gains since November 15.
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Cardano Nears 100 Million Transactions Milestone

According to U.Today, the Cardano network is on the brink of reaching a significant milestone, with transactions nearing the 100 million mark. Input Output Global (IOG), the developer behind Cardano, reports that the network has processed 99.07 million transactions so far. This achievement underscores the increasing adoption and activity within the Cardano ecosystem. Over the past seven years, Cardano has undergone substantial evolution, marked by continuous upgrades and the introduction of new features. The ecosystem boasts 10.5 million native tokens, 1,973 projects, 1.314 million delegated wallets, and 94,835 Plutus scripts, reflecting its ongoing growth and expansion.Cardano's journey has been characterized by key upgrades, with the most recent being the Chang hard fork, which introduces decentralized governance to the blockchain. These enhancements have not only improved the network's capabilities but have also attracted a diverse array of projects and users. The Cardano community is eagerly anticipating the 100 million transaction milestone, which would mark a historic moment in the network's history.In recent developments, Cardano's price has surged by over 15% in the past 24 hours, continuing the upward trend that began on November 5. This surge followed Cardano founder Charles Hoskinson's announcement of plans to influence U.S. crypto policy, fueling speculative interest in the cryptocurrency. Cardano's price reached a high of $0.784, a level not seen since March 2024, and remains 75% higher every week.Additionally, Charles Hoskinson recently visited the SpaceX team, although he did not disclose specific details of the visit due to a non-disclosure agreement. He indicated that discussions are ongoing and promised to share more information when possible. This visit adds an intriguing dimension to Cardano's ongoing developments and future prospects.
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