Mar 21 2025
Business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock. The shares, which carry a $0.001 par value, are convertible into Strategy’s class A common stock and will be sold under an at-the-market (ATM) offering program. Strategy …
Mar 19 2025
High-risk assets such as tech stocks and crypto have been selling off heavily over the past month or so as Donald Trump’s trade war escalates. However, this could all be part of a “short term pain” masterplan in a strategy that aims to lower inflation and refinance around $9 trillion of US debt by allowing …
Mar 16 2025
MSNBC Host Rachel Maddow calls Trump’s Strategic Bitcoin Reserve a ‘deeply old-fashioned simple scam’ She draws a striking comparison between crypto and Beanie Babies, saying, “Cryptos operate on the same idea. They have no inherent value at all, but people speculate, hoping…” President Donald Trump signed an executive order earlier that day establishing a national …
Mar 13 2025
Gold advocate Peter Schiff took to X to poke fun at crypto investors after BTC’s latest downturn. Schiff questioned the logic behind the U.S. government holding cryptocurrencies as reserve assets. “A lot of crypto millionaires are going to need jobs,” he added. Despite the ribbing, some analysts believe the current correction is what happened in …
Mar 13 2025
The U.S. House of Representatives has passed H.J. Res 25, effectively rejecting the Internal Revenue Service’s (IRS) controversial broker rule. The resolution, which gained overwhelming bipartisan support, aims to protect decentralized finance (DeFi) innovation and prevent regulatory overreach. According to the DeFi Education Fund, 292 lawmakers voted in favor of the resolution while 132 went …
Mar 12 2025
X was hit by a distributed denial-of-service (DDoS) attack on Monday. Thousands of users were left unable to access the social media platform. A hacker group with alleged Russian ties, known as Dark Storm, has claimed responsibility for the cyberattack. The group’s leader announced the attack in a now-deleted Telegram post. The message boasted about …
Mar 12 2025
El Salvador has increased its Bitcoin holdings, purchasing 6 BTC on March 10 instead of its usual 1 BTC per day. This brings the country’s total Bitcoin reserves to 6,111.18, valued at approximately $493 million at current market prices. The latest buy comes as Bitcoin’s price continues to hover just above $80,000 at the start …
Mar 11 2025
Coinbase CEO Brian Armstrong says the exchange could be forced to delist USDT to comply with potential new regulations. Armstrong was discussing the possible impact of new rules that could require stablecoin issuers to back their tokens entirely with U.S. Treasury bonds and undergo periodic audits. The executive was to the Wall Street Journal on …
Dec 25 2024
The total capitalization dropped by more than $300 billion as Bitcoin’s price went on a complete rollercoaster. The first few days of the week started as we are more or less used to by know – up only. The market was anticipating the results of the meeting of the US Federal Result. During the meeting, …
Dec 24 2024
Sam Bankman-Fried is serving a 25-year sentence for his role in the collapse of FTX. Speculation of a presidential pardon has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced …