Cantor Nears Bitcoin SPAC Launch
This is a news story, published by CoinGape, that relates primarily to Bitcoin news.
Bitcoin news
For more Bitcoin news, you can click here:
more Bitcoin newscrypto trading & speculation news
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
Japanese investment giant SoftBank. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Bitcoin Venture news, Strategic Bitcoin Reserve news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Bitcoin acquisition ambitionsCoinGape
•Business
Business & Economics
Cantor Partners With Tether, SoftBank, Bitfinex For $3 Billion Bitcoin Bet

63% Informative
Cantor Fitzgerald is pooling resources to float a Bitcoin SPAC in the near future.
SoftBank , Bitfinex , and Tether have pledged to seed the Bitcoin acquisition vehicle with $1.5 billion worth of Bitcoin .
Cantor 's plan appears to mirror MicroStrategy 's pivot toward Bitcoin accumulation.
Bitcoin price reacted positively to the report, climbing to a two-week high of $ 93,000 .
There are fears that the BTC rally might be fake with the spectre of a drop to $ 80 K lurking in shadows.
VR Score
42
Informative language
28
Neutral language
46
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links