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Join the Securities Litigation and Enforcement Group on LinkedInPopular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments
Maren Altman, a popular bitcoin and ether-focused astrologist, is suddenly a fallen star among some Twitter critics. A newly surfaced court document shows she received $30,000 in marketing payments from the crypto lender Celsius Network in the months before it declared bankruptcy. Altman’s Twitter critics say she received the money to create favorable content about […]
Feds Seized $311M in Bitcoin. The Crypto Hacker Stole It Back – Bloomberg
The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin stored on a computer device the government had already seized in another case, brought against his older brother, Larry. As authorities watched helplessly, 713 digital tokens—then worth almost $5 million—were somehow spirited away from the “hardware wallet” they were holding in an evidence […]
Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin. “Growth might occur if we have a well-regulated space,” Behnam told attendees during a fireside chat at NYU School of Law. “Bitcoin might double in […]
1 BTC = 1 BTC: Crypto Looks for New Narrative as Plunge Goes On – Bloomberg
Virtual money, digital gold, inflation hedge, uncorrelated asset, store of value: those are phrases once used by Bitcoin’s fans to describe the cryptocurrency’s virtues. Its new narrative? A Bitcoin is a Bitcoin. That’s the expression that’s making its rounds on Twitter in recent days, where users, amid a deep decline in prices, have been posting […]
JPMorgan CEO Calls Crypto Tokens Like Bitcoin ‘Decentralized Ponzi Schemes’ – Bloomberg
Jamie Dimon didn’t mince words when a US lawmaker mentioned the executive’s history of criticizing cryptocurrencies. “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” the JPMorgan Chase & Co. chief executive officer said in congressional testimony Wednesday. “They are decentralized Ponzi schemes.” Source: JPMorgan CEO Calls Crypto Tokens Like Bitcoin […]
More Than Half Of All Bitcoin Trades Are Fake
Within the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing 40% of the $1 trillion in crypto assets outstanding. Bitcoin is crypto’s gateway drug. An estimated 46 million adult Americans already own it according to New York Digital Investment Group, and […]
BlackRock bitcoin private trust – Institutional | BlackRock
BlackRock is committed to providing clients with access to their choice of investment opportunities and has launched a spot bitcoin private trust. The trust is available to U.S. institutional clients and seeks to track the performance of bitcoin, less expenses and liabilities of the trust. Despite the steep downturn in the digital asset market,1 we are […]
MicroStrategy Explored Options From Art to Real Estate Before Bitcoin Buys, New CEO Says
New MicroStrategy CEO Phong Le backed up Michael Saylor’s decision to hold bitcoin on the company’s balance sheet. Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin (BTC) in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork. Digital […]
Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin’s Crash. Now He Aims to Rebound Again
Saylor and MicroStrategy then spent two decades mostly under Wall Street’s radar. Not that he was suffering. MicroStrategy kept plugging away, developing software for businesses. Saylor lived in a Miami Beach, Fla., mansion that looks like a Spanish colonial palace. A recent visit by a CoinDesk reporter revealed painted cherubs on the foyer ceiling, gold […]
Michael Saylor Bet Billions on Bitcoin and Lost – WSJ
If you ask Michael Saylor why he bet the future of his company on bitcoin, he’ll tell you he didn’t have a choice. In 2020, MicroStrategy Inc.’s stock was stagnant, and the tech company struggled to compete with software giants. “We were either going to die a fast death, or a slow death, or embark […]