YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake.
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December is expected to be a profitable month for bitcoin miners, the report said. The miners enjoyed a strong November as the rally in the world's largest cryptocurrency outpaced the rise in the network hashrate, the bank noted. MARA Holdings mined the most bitcoin in November and its hashrate remained the largest in the sector, Jefferies noted. BTC's rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday. Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the report said.
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Coinbase has added Apple Pay support to its Onramp platform, meaning users of third-party apps can fund their crypto purchases with the iPhone maker's payment service. The Apple Pay integration is supposed to make buying crypto quicker, as the service is widely used among consumers. Coinbase has added Apple Pay support to its Onramp platform, meaning users of third-party apps, such as self-custody wallets, can fund their crypto purchases with the iPhone maker's payment service.
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