Day: September 18, 2022

According to an SEC filing, MicroStrategy would reinvest 0 million in its stock sales into bitcoin.

According to an SEC filing, MicroStrategy would reinvest $500 million in its stock sales into bitcoin.

According to an SEC filing, MicroStrategy would reinvest $500 million in its stock sales into bitcoin. Buying the dip is critical for MicroStrategy as the company’s reserve of nearly 129,699 BTC is currently suffering from over $1 billion in lost value. MicroStrategy, the largest institutional buyer of Bitcoin (BTC), has signed an agreement with two …

According to an SEC filing, MicroStrategy would reinvest $500 million in its stock sales into bitcoin. Read More »

HOW THE INCENTIVES OF PROOF-OF-WORK ARE MORE FAIR THAN PROOF-OF-STAKE

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. As Ethereum completes its transition to proof-of-stake consensus, I can’t help but notice the plethora of articles citing a 99% reduction in energy usage. The claims, …

HOW THE INCENTIVES OF PROOF-OF-WORK ARE MORE FAIR THAN PROOF-OF-STAKE Read More »

Crypto exchange FTX obtains European investment firm license

Crypto exchange FTX obtains European investment firm license

QUICK TAKE Crypto exchange FTX said on Thursday that its European division has received a license to operate as an investment firm in the region. FTX says it’s the only crypto exchange to provide a full suite of exchange services under a full MiFID II license. Crypto exchange giant FTX said that its European division …

Crypto exchange FTX obtains European investment firm license Read More »

Where is Do Kwon? Terra Luna Boss Claims He’s Not on The Run From Law

Where is Do Kwon? Terra Luna Boss Claims He’s Not on The Run From Law

Do Kwon, founder of now-defunct blockchain firm Terraform Labs, has broken silence about the recent warrant authorizing his arrest, claiming that he is not on the run from the law. A court in South Korea issued an arrest warrant for Do Kwon last week Wednesday, as reports suggested. Besides Do Kwon, the warrant permits the …

Where is Do Kwon? Terra Luna Boss Claims He’s Not on The Run From Law Read More »

Goldman Sachs’ bearish macro outlook puts Bitcoin at risk of crashing to $12K

Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support. MARKET ANALYSIS   A sequence of macro warnings coming out of the Goldman Sachs camp puts Bitcoin (BTC) at a risk of crashing to $12,000. Bitcoin in “bottom phase?” A team of Goldman Sachs economists led …

Goldman Sachs’ bearish macro outlook puts Bitcoin at risk of crashing to $12K Read More »

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

The U.S. Treasury Department is recommending more research on the development of central bank digital currencies (CBDCs). In a new report, the Treasury Department says the US has an objective to create a future payments system that promotes American values, minimizes risks and fosters inclusion. To achieve its goal, the agency recommends more research on a …

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments Read More »

SEC and Ripple each seek ruling in long-running unregistered securities case

SEC and Ripple each seek ruling in long-running unregistered securities case

QUICK TAKE Ripple and the SEC have each asked for a swift judgment in the regulator’s case against the crypto firm. The SEC has accused Ripple of selling unregistered securities when it issued XRP tokens. Ripple and the Securities and Exchange Commission (SEC) have each asked for a swift judgment in the regulator’s case against …

SEC and Ripple each seek ruling in long-running unregistered securities case Read More »

GMX DEX Reportedly Suffers 5,000 Exploit

GMX DEX Reportedly Suffers $565,000 Exploit

In Brief GMX, a DEX specializing in futures and perpetual futures, has been allegedly hacked. PeckShield earlier estimated losses of $565,000, but the Tweet has since been deleted. Some industry players believe that GMX’s minimal spreads and low price impact for trading could open it up to exploitation. Decentralized exchange (DEX) GMX allegedly experiences price …

GMX DEX Reportedly Suffers $565,000 Exploit Read More »

$SHIB: BigCommerce, BitPay, CoinPayments Collaborate To Further Drive Crypto Adoption

$SHIB: BigCommerce, BitPay, CoinPayments Collaborate To Further Drive Crypto Adoption

Open SaaS ecommerce platform BigCommerce (Nasdaq: BIGC) has announced “a strategic partnership with cryptocurrency leaders BitPay and CoinPayments to easily and securely deliver cryptocurrency payment solutions to BigCommerce merchants in select countries.” BigCommerce’s press release stated that “by expanding its crypto ecosystem, BigCommerce opens up opportunities for its merchants to offer payment options, broaden market share, tap into a …

$SHIB: BigCommerce, BitPay, CoinPayments Collaborate To Further Drive Crypto Adoption Read More »

How did Lido Finance [LDO] do, before and after Ethereum’s Merge

How did Lido Finance [LDO] do, before and after Ethereum’s Merge

Prior to the Ethereum mainnet Merge, the majority of all Ether (ETH) staked ahead of the transition of the Ethereum network to a proof-of-consensus mechanism was done on Lido Finance. Interestingly, data from Dune Analytics revealed that at press time, with 4,170,811 ETH staked with the liquid staking platform, it still holds over 30% of the total ETH staked in …

How did Lido Finance [LDO] do, before and after Ethereum’s Merge Read More »