Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy

Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock Outperforms Bitcoin, S&P500, Nasdaq, Gold, Silver The stock of business intelligence […]

Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million

Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub” their online statements “to evade the federal securities laws.” Bittrex Settles With SEC The […]

Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and […]

Sam Bankman-Fried arrested as bail is revoked

Sam Bankman-Fried, the founder and former CEO of FTX, has had his bail revoked and will now be held in prison, Reuters said on Aug. 11. That report indicates that U.S. District Judge Lewis Kaplan revoked Bankman-Fried’s bail following earlier concerns about witness tampering. Judge Kaplan noted during the latest hearing that Bankman-Fried had provided […]

Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Twitter

The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called X. Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter).  Called GiveawayScamHunter, the […]

Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2

This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram. In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD).  In line with expectations, the launch has ignited […]