MicroStrategy has proposed amendments to its charter to increase authorized common shares to 10.33 billion and preferred stock to over 1 billion, seeking to expand its capital structure.
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Category: Bitcoin
Coinbase Launches Bitcoin-backed Loan Services for U.S. Users
Coinbase relaunches Bitcoin-backed loans in the U.S., allowing users to borrow up to $100,000 in USDC using BTC as collateral. This innovative service caters to crypto holders seeking liquidity without selling assets. Discover how it works, its benefits, and Coinbase’s role in this growing market.
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Bitget Survey: 20% of Gen Z, Alpha Open to Crypto Pensions
87% of young respondents are also considering using crypto for long-term savings, with 41% actively exploring options.
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U.S. Court Orders Return of 94,643 Stolen Bitcoins to Bitfinex as Part of Plea Deal
The DOJ approves the return of 94,643 Bitcoin, worth $9.3 billion, to Bitfinex following the 2016 hack that exploited its wallet system. The breach, one of the largest in crypto history, saw the recovery of 80% of stolen funds, thanks to the cooperation of those convicted in the laundering case.
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Osprey Funds to Convert Osprey Bitcoin Trust to ETF Following Bitwise Acquisition Deal Termination
Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin ETF.
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Sygnum Crypto Bank Raises $58M, Achieves Unicorn Status with $1B Valuation
Sygnum has secured $58 million in an oversubscribed strategic growth funding round, propelling its valuation past the $1 billion mark and earning it the prestigious Unicorn status.
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Italy’s Largest Banking Group Invests Directly in Cryptos For First Time
Banca Intesa Sanpaolo has become the first credit institution in Italy to conclude a direct crypto transaction.
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JPMorgan CEO Jamie Dimon Compares Bitcoin to Smoking
JPMorgan CEO Jamie Dimon criticized Bitcoin again, saying it lacks intrinsic value and is often misused by bad actors.
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New Hampshire and North Dakota Latest U.S. States to Propose Bitcoin Reserves
New Hampshire and North Dakota have introduced legislation to establish strategic Bitcoin reserves, marking a growing trend among U.S. states to diversify their treasuries with cryptocurrency.
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US Financial Advisers Show Increased Crypto Interest Post Trump’s Election Win: Bitwise Survey
A recent survey by Bitwise reveals a surge in crypto interest among U.S.-based financial advisers following Donald Trump’s presidential election victory.
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