Crypto News

Strategy (MSTR) has officially launched trading of its third "bitcoin-backed preferred stock", STRD, on the Nasdaq, with shares making their debut on Wednesday. The new security, formally named the 10% Series A Perpetual Stride Preferred Stock (STRD), closed the day slightly higher, gaining 0.24%. STRD offers a fixed 10% annual dividend, making it the highest-yielding instrument among Strategy’s capital offerings, which also include STRF and STRK. Unlike those, STRD is non-convertible and non-cumulative, meaning dividends are paid only when declared by the board and do not accrue if missed. Despite this added risk, the product is positioned to attract long-term investors seeking strong yield with no management fees.Strategy aims to raise nearly $1 billion through the offering by selling 11.76...

India is home to 16% of the world’s AI talent, second only to the U.S., according to a new BCG report on the country’s booming AI sector.Source link

The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would simplify the process of assigning credit within an onchain, open, and shared finance ecosystem. Central Bank of Brazil Seeks to Solve Onchain Credit in Drex’sSource link

NVIDIA's Holoscan Sensor Bridge introduces advanced real-time data processing capabilities, streamlining sensor integration for developers in robotics and AI applications. (Read More)Source link

French police have arrested several individuals suspected of being involved in the kidnapping of the father of a wealthy cryptocurrency entrepreneur last month. This incident is part of a troubling trend of kidnappings and extortion attempts targeting families of high-net-worth individuals in the cryptocurrency sector. The kidnapping occurred on May 1 in Paris, where theSource link