Crypto News
Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company
The Nasdaq-listed Semler Scientific now holds $466 million worth of Bitcoin, but is facing an investigation from a law firm.Source link
Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Alexandre Konanykhin with securities fraud after he allegedly swindled more than 5,000 unsuspecting investors by inflating the value of his company’s Unicoin tokens. SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, Vladmir Putin, for mass murder,” the February 2022 Facebook post reads.Source link
‘Off the Grid’ NFT Sales Heating Up as Avalanche Game Plots Expansion to Steam
Off the Grid items are selling for thousands of dollars as the game is set to expand to Steam—but how will its crypto elements be handled?Source link
Bitcoin Drops Below $109K After Trump Threatens 50% Tariff on EU Goods
The cryptocurrency pulled back in early morning trading on Friday after hitting a new all-time high on Thursday afternoon. BTC Dips Below $109K as Trump’s 50% EU Tariff Sparks Market Jitters The so-called “Trump effect” was on full display Friday morning when President Donald Trump announced a 50% tariff on all European Union (EU) goodsSource link
Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned
Crypto stocks suffered a red day on Friday, especially bitcoin BTC treasury companies such as Strategy (MSTR) and Semler Scientific (SMLR) — each down roughly 6% even as bitcoin slipped only a bit more than 2%. Japan-listed Metaplanet is lower by 24%.The price action comes amid a continuing debate taking place on social media about the sustainability of Michael Saylor’s (and those copycatting him) bitcoin-vacuuming playbook.“Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto,” said modestly well-followed bitcoin twitter poster lowstrife. “I think they're toxic leverage is the worst thing which has ever happened to bitcoin what bitcoin stands for.”The issue, according to lowstrife, is that the financial engineering that Strategy and other BTC...