MicroStrategy plans $500M stock sale to buy more Bitcoin
MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset.
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UAE agriculture authority prohibits crypto mining on farms: Report
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.
3AC allegedly liable for $2.8B in creditor claims
The amount is likely understated as many of 3AC's borrowing details remain confidential. 155 Total views 2 Total shares According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims, as discovered through a recent 3AC creditors meeting. In…
Ripple Hires Ex-HSBC, CIT Exec as General Counsel After Five-Month Hiatus
Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30.Ripple, which has not had a general counsel of its own since September last year, will draw on Stuart Alderoty’s expertise as it navigates the legal territory associated with its…
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March 9. After a 16-hour negative 8.6% price movement, the indicator fell to $914 billion, its lowest level since Jan.13.Total crypto market cap in…
DeFi market fall showcases how rising TVL doesn’t tell the full story
The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi Composite Index and TokenSet’s DeFi Pulse Index Set lost more than 60% and 50%…
10 crypto tweets that aged like milk: 2022 edition
To put it lightly, it has been a wild year for the crypto sector.In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in cuffs.…
Report: Africa Is Bullish on Crypto Despite Infrastructure and Regulatory Hurdles
According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world. 1546 Total views 71 Total shares A new report published by Arcane Research shows that African countries have some of the highest cryptocurrency ownership rates worldwide. South Africa ranked third throughout the world with 13% of its internet users…
Firm to Deliver Blockchain-Based Phone With ‘Cutting-Edge’ Protocol
A blockchain project that claims it offers the “new financial era” to users says it will soon start delivering the world’s first smartphone with a voice-over blockchain protocol (VOBP).KaratGold says the IMpulse K1 eliminates third-party companies and services by offering technology that enables users to communicate with full encryption — ensuring texts, documents, videos and…