[ad_1] (Bloomberg) — Michael Saylor’s Strategy plans to sell up to $2.1 billion of 10% perpetual strife preferred stock. The latest offering hit as Bitcoin rose to an all-time high. Sales of the preferred shares will be made as an “at the market offering,” meaning the securities will be sold from time to time, according…
[ad_1] Stablecoins are typically backed by cash or government bonds and run on public blockchains. Unlike bitcoin, the ur-cryptocurrency, their price barely fluctuates: tether, the biggest (whose issuer bears the same name), fetches a flat $1, within a few hundredths of a cent. They are mostly used to trade other cryptocurrencies, providing a stable bridge…
[ad_1] Then there is the theft of cryptocurrency. As we report in our new podcast series “Scam Inc”, so-called pig-butchering cons play on legitimate crypto owners’ naivety and emotional vulnerabilities. John Powers, boss of Hudson Intelligence, in New Paltz, New York, says many of his clients have lost tokens worth north of $100,000—and in some…
[ad_1] (Bloomberg) — An early Bitcoin investor sentenced last month to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes so US officials can unlock digital assets now valued at about $124 million. Frank Richard Ahlgren III, who owes the government about $1 million…
[ad_1] If you’ve ever suspected that your crypto-obsessed friend might be a psychopath, you may be on to something. Digital-asset holders tend to exhibit higher levels of “dark” personality traits such as narcissism, Machiavellianism, psychopathy, and sadism, according to a recent academic paper by researchers at the University of Toronto and the University of Miami…
[ad_1] Cryptocurrency exchange WazirX has announced that it will allow INR balance withdrawals from its platform starting August 26. However, as per an official announcement on August 23, customers will only be able to access 66 percent of their funds. As part of this update, WazirX is also reducing INR withdrawal fees by 60 percent,…
