MicroStrategy completes $3B raise to buy more Bitcoin as MSTR falls 25%

This week in Japan, SBI Holdings’ president said to watch for central bank digital currencies, or CBDC, Coincheck exchange tallied top app downloads for exchanges is 2019, Japan’s central bank head forecasted CBDC demand, a Japanese political party proposed blockchain for document security, and a research institute unveiled a crypto index. Check out some of this…

On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish.Blockchain stock soarsThe share value of BTCS Inc. (BTCS), a blockchain technology company, surged nearly 44% to $4.36 at the New York closing bell, thus becoming the third-best…

Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit. 37 Total views 2 Total shares The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s frontend being compromised

The New York Digital Investment Group, or NYDIG, tapped Jon Dalby as its new CFO. 449 Total views 2 Total shares Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG."The NYDIG team and I are extremely…

FTX CEO Sam Bankman-Fried says stablecoins could be the most straightforward route to crypto industry regulation in revealing tweets. 807 Total views 6 Total shares FTX founder and CEO Sam Bankman-Fried, also known as “SBF,” rounded off 2021 on an optimistic note. SBF waxed lyrical about the crypto market’s state in 2021 while revealing the…

Dubai's new Virtual Asset Regulatory Authority requires more clarity and transparency from industry marketers and promoters in order to protect investors. 282 Total views 14 Total shares Amid Dubai moving forward with a new license program for cryptocurrency service providers, local regulators are introducing additional marketing and advertising rules for the industry.Dubai’s Virtual Asset Regulatory…

With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies.The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through…

Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations. 745 Total views 4 Total shares Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms.Authorities in Ya’an City, a prefecture-level city in the western part of…

The rollout of Ethereum 2.0, or Eth2, includes a transition from proof-of-work to proof-of-stake that will supposedly transform Ether (ETH) into a deflationary asset and revolutionize the entire network. The event has been a trending topic for years and while anticipation for “The Merge” has been building over the past couple of months, this week…