Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But ‘Not Looking Too Closely’ At Michael Saylor-Led Strategy’s Maneuvers
Jason Les, CEO of leading Bitcoin (CRYPTO: BTC) miner Riot Platforms Inc. (NASDAQ:RIOT), stated on Monday that the company was committed to boosting Bitcoin yield for its shareholders but denied exploring maneuvers like those of Strategy Inc. (NASDAQ:MSTR) as yet. What happened: During the firm’s fourth-quarter earnings call on...
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Strategy Inches Closer To 500,000 Bitcoin With Fresh 20,356 BTC Purchase
Strategy – the Bitcoin (BTC) treasury company formerly known as MicroStrategy – has scooped another 20,356 BTC in its latest cryptocurrency acquisition. The purchase has pushed the firm’s total holdings to 499,096 BTC. Strategy Continues To Stack Bitcoin In an X post today, Strategy co-founder and executive chairman Michael...
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OKX reaches $505M non-compliance settlement with DOJ after guilty plea
Global crypto exchange OKX has agreed to pay $505 million in penalties after pleading guilty to operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering laws. The settlement follows an investigation by the U.S. Department of Justice, which…...
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FTT Briefly Spikes After Sam Bankman-Fried Tweets for First Time in 2 Years
The token associated with defunct crypto exchange FTX surged briefly Monday night after Sam Bankman-Fried, the founder and onetime CEO of the platform tweeted for the first time in two years. Bankman-Fried, who was convicted on seven different counts of fraud and conspiracy in November 2023, is serving out...
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SEC acknowledges filing for Grayscale’s spot Cardano ETF
NYSE Arca has filed a proposal with the SEC to list and trade shares of the Grayscale Cardano Trust on the stock exchange....
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Peter Schiff Questions Michael Saylor-Led Strategy’s Leverage Bitcoin Play Amid MSTR Decline: ‘Massive Dilution Has Destroyed Shareholder Value’
Influential economist and market commentator Peter Schiff criticized Strategy Inc.’s (NASDAQ:MSTR) debt-fueled Bitcoin (CRYPTO: BTC) purchases on Monday, pointing out the decline in the firm’s share price and the narrowing Net Asset Value premium. What Happened: Schiff stated on X that despite the company’s co-founder Michael Saylor talking about his leveraged...
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El Salvador resumes Bitcoin purchase after one-week pause, adding $661,000 in BTC
El Salvador’s renewed Bitcoin purchases highlight its commitment to crypto integration despite IMF agreements, impacting global crypto policy trends. The post El Salvador resumes Bitcoin purchase after one-week pause, adding $661,000 in BTC appeared first on Crypto Briefing....
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Pump.Fun’s Rumored AMM Pivot a ‘Strategic Miscalculation,’ Says Raydium
Solana’s dominant automated market maker (AMM) Raydium hit back Monday on rumors that major volume driver Pump.Fun was preparing to launch its own AMM. Abandoning Raydium whole hog would be a “strategic miscalculation” for the massively popular — and profitable — memecoin factory, core contributor InfraRAY said in a...
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Crypto Funds See Massive $508M Outflow—Are Investors Getting Cold Feet?
Crypto asset investment products experienced significant outflows last week, according to the latest fund flows report from CoinShares. The report revealed that outflows totaled $508 million, bringing the cumulative two-week outflows to $924 million. These recent trends follow an 18-week streak of inflows that had accumulated $29 billion. CoinShares...
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Sam Bankman-Fried returns to Twitter after two-year silence, shares insights on corporate management
Bankman-Fried’s insights highlight the complexities of corporate management, emphasizing the need for strategic alignment and effective leadership. The post Sam Bankman-Fried returns to Twitter after two-year silence, shares insights on corporate management appeared first on Crypto Briefing....
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