According to the most recent SEC filings by MicroStrategy, has increased its Bitcoin holdings. This accumulation, however, occurred when three cryptocurrency-friendly banks in the United States went bankrupt within a week of each other. According to the reports, MicroStrategy acquired 6,455 Bitcoins between February 16, 2023, and March 23, 2023.
The largest cryptocurrency market player, Bitcoin (BTC), started to outperform the market as a result of the failure of major banks like Silicon Valley Bank and Credit Suisse, which affected confidence in traditional financial institutions. Also, Bitcoin’s double-digit surge this year has surprised the crypto community. BTC began mid-March with
The U.S. Department Of Justice (DOJ) proclaimed that law enforcement had seized 18 crypto ATMs in Texas and Oklahoma. These ATMs were obtained from the SBA fraudulent loans which got harmed by the COVID-19 pandemic. And they were accustomed to buying bitcoin from the New York-based cryptocurrency exchange. For this
With the arrest of Terra’s co-founder Do Kwon and former Chai Corp CEO Han Chang-joon in Montenegro last week, prosecutors in South Korea said on Monday that they are seeking an arrest warrant for Terraform Labs’ co-founder Daniel Shin. Do Kwon and Han Chang-joon, the former CEO of Chai Corp,
Companies have continued to develop despite widespread regulatory monitoring. A leading cryptocurrency exchange, Coinbase, is investigating “flatcoins” on its Base network. Inflation-pegged stablecoins, or “flatcoins,” were recently disclosed by Coinbase to be necessary for development on the Base network. This is one of three important breakthroughs the company plans to
VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, the top 5 global cryptocurrency exchange, today announced its partnership with cybersecurity company Hacken to launch a $1 million bug bounty program, which is the biggest bounty reward among crypto exchanges so far. Meanwhile, a new Security Landing Page was launched on the KuCoin website to outline
Bitget, the world’s biggest cryptocurrency copy trading platform, has announced a strategic alliance with Space and Time (SxT), a pioneer in decentralized data warehousing. With a verifiably tamper-proof audit trail of data and computation, the cooperation will allow Bitget to provide consumers with an unmatched level of transparency in exchange
Polygon (MATIC) has joined whales’ preferred crypto token list along with Ethereum, an attractive cryptocurrency for whales with its potential. One enormous whale was spotted acquiring a sizable quantity of MATIC earlier today. According to Whale Alert, an account that tracks whale transactions, 5,190,398 MATIC was transferred from an unknown
Chinese state-owned banks have emerged as an unexpected source of possible support for the influx of cryptocurrency businesses into Hong Kong after the city granted access to the beaten-down industry. Moreover, Chinese banks have been reaching out to crypto firms directly over the last few months, adding to indications that
CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea–(BUSINESS WIRE)–Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has
