On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to…
Read more
A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days. The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency. On March 15, the whale purchased at least 1,000 Bitcoin, which accounted for 52% of…
Read more
Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development. Electric vehicle maker Tesla made no changes to its sizeable Bitcoin (BTC) holdings — the fifth quarter in a row — though it has directed more funds to double its computing capacity amid…
Read more
The U.S. government has become one of the largest holders of Bitcoin (BTC), acquiring approximately 200,000 coins (worth around $5 billion) through seizures related to criminal activities. The digital assets were seized from cybercriminals and darknet markets and are securely stored offline in encrypted hardware wallets controlled by various federal agencies, including the Justice Department and the…
Read more
The research division of the South Korean crypto exchange Korbit revealed that the amount of overseas digital assets reported by domestic corporations and individuals to the National Tax Service, “may be inflated.” The significant value of the reported amount is probably pumped up during the process of reporting to the authorities, Korbit Research Centre notes….…
Read more
A potential liquidation of FTX holding tokens will have a significant impact on the market as the figure hits $1.3 billion in assets, experts opine. Justin Sun, the founder of Tron Network is contemplating making a bid for the assets held by FTX to reduce the impact a sale could have on the market as…
Read more
Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale’s Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager’s onchain ethereum assets. Unmasking Grayscale’s Bitcoin Trust: Arkham Intelligence Exposes $16 Billion Onchain Bitcoin Assets The crypto analytics startup, Arkham Intelligence, has pinpointed…
Read more
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months. Billions in Bitcoin Withdrawn from Centralized…
Read more
Approximately 16 trillion PEPE tokens worth $15 million were illicitly transferred to crypto exchanges and sold, according to an announcement from the meme coin’s anonymous lead developer. The theft was allegedly orchestrated by three former team members who accessed the token’s multi-signature wallet before removing themselves from the project. Despite this setback, the lead developer…
Read more
Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows.
Binance US Restores BCH Withdrawals Amid More FUD
The American subsidiary of…
Read more
