Crypto News
Stellar Surges 14%, Hits $0.4795, Eyes $0.50 Breakout
Stellar’s XLM price surged 14% to $0.4795, with a market cap of $14.58 billion and a 24-hour trading volume of $1.8 billion, trading within an intraday range of $0.4191 to $0.4896. XLM’s rise has coincided with the spike XRP has witnessed this week. Stellar Stellar’s hourly chart reveals a bullish trend, characterized by higher highsSource link
DOJ Says $9 Billion in Bitcoin Stolen in 2016 Hack Should Be Returned to Bitfinex
Billions worth of Bitcoin stolen from Bitfinex in 2016 should be returned to the exchange, the Feds wrote in a filing.Source link
Still Learning After All These Years
Last June, a sailing buddy (and aerospace engineer) asked if I could check out a family friend’s “bitcoin.” He forwarded me an image of a plastic bitcoin wallet held with a private key partially obscured. The family friend had received the card as some sort of “gimmick at a conference” and tossed it in a drawer.This is one of those moments where I find imposter syndrome perched on my shoulder, nodding its head, lips pursed. Two years in the business preceded by another two monkeying around in my personal account didn’t give me nearly enough crypto cred to say, “Oh, yeah, wow. I remember these.” Fine, I’m a noob. I made a no-promises disclaimer and quickly changed the subject.Back home,...
Insiders Claim SEC May Ease Crypto Enforcement Under Trump Administration
The U.S. Securities and Exchange Commission (SEC) under President-elect Donald Trump appears poised for a strategic shift in its treatment of cryptocurrency regulations, according to insights shared with Reuters by three unnamed individuals briefed on the matter. Report Says Pro-Crypto Agenda Will Drive SEC’s New Regulatory Approach Reuters reports that Republican commissioners Hester Peirce andSource link
MicroStrategy Targeting $2B Perpetual Preferred Stock Offering: Benchmark
The analyst who wrote this piece owns shares of MicroStrategy (MSTR).Since MicroStrategy (MSTR) become a bitcoin treasury company in August 2020, it has used three primary instruments to acquire bitcoin (BTC): cash on hand, at-the-market (ATM) offerings and convertible bond offerings.MicroStrategy's next method of raising capital is to buy bitcoin through perpetual preferred stock, which was announced to the market on Jan. 3. MicroStrategy has announced a capital raise of $2 billion through one or multiple offerings, according to Benchmark.Benchmark hosted a recent investor meeting with MicroStrategy executive chairman Michael Saylor at the ICR conference in Orlando to discuss the perpetual preferred stock offering.A perpetual preferred stock typically has no fixed maturity date and continues indefinitely unless the company chooses...