Tag: News

MSTR Stock Rises Nearly 2% In Pre Market As Michael Saylor Counters Critics Who Label MicroStrategy’s Bitcoin Play Ponzi Scheme: ‘That’s Why Your Buildings Are So Tall In New York City’

MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor responded on Monday to critics who call the firm’s Bitcoin (CRYPTO: BTC) acquisition strategy a Ponzi scheme, equating it to Manhattan’s real estate industry. What happened: During a CNBC interview, Saylor was asked his views on the argument that the company’s much-discussed strategy,...
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Germany’s Bitcoin Dilemma: Ex-Finance Minister Urges Chancellor For Change

In an address to the Bundestag on December 16, Christian Lindner (Free Democratic Party – FDP), the former Finance Minister of Germany, delivered a scathing critique of the current government’s stance on Bitcoin and broader crypto regulation. Lindner, who served under Chancellor Olaf Scholz in the outgoing administration, called...
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S&P 500 Performance Dwarfs In Comparison Argentina’s Merval: Has Argentina’s Pro-Crypto President Javier Milei Scripted An Emerging Market Success Story?

Argentina’s S&P Merval Index has risen by 162.85% year-to-date, beating the gains in the S&P 500 Index and other emerging stock market indices. What Happened: S&P Merval’s staggering gain, comes as the country emerged from a severe recession in the third quarter of the current fiscal and amid Argentina’s...
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US Man Funneled Thousands In Crypto To ISIS Over 3 Years, Faces 20 Years In Prison

A Virginia man has been found guilty of sponsoring the operations of ISIS, a Middle East-based terrorist organization, with tens of thousands of dollars in cryptocurrencies, a Justice Department release said Monday. What Happened: Mohammed Azharuddin Chhipa, a 35-year-old resident of Springfield, Virginia, was involved in collecting and sending money...
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FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025

After years of uncertainty, the defunct cryptocurrency exchange FTX, previously led by convicted founder Sam Bankman-Fried, has announced the effective date for its Chapter 11 reorganization plan aimed at distributing funds to affected customers. Initial Distribution Date Set On Monday, FTX Trading Ltd. and its affiliated debtors revealed that...
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