Kevin Warsh to Replace Powell as Treasury Secretary
kevin Warsh is being considered for both the Treasury Secretary role and as a successor to Federal Reserve Chair Jerome Powell. Within the United States Treasury Secretary nomination contest, Kevin Warsh, a former official on the Federal Reserve Board of Governors, is currently in the lead. The transition team for Donald Trump is contemplating the […]
MicroStrategy Unveils $3B Rescue Plan Amid 16% MSTR Stock Drop
Despite a 106% surge to $473 earlier this month, MicroStrategy’s stock (MSTR) fell by 16% on Thursday but rebounded 3% in after-hours trading. Michael Saylor, the Executive Chairman of MicroStrategy, made the announcement that the company has successfully completed the $3 billion issuance of their senior convertible notes in order to purchase additional Bitcoins. When […]
Upbit Refunds 8.5 Billion Won After Crypto Hack
Upbit continues to address the fallout from the 2019 Lazarus Group attack, where 342,000 ETH (1.4 trillion won) were stolen. Upbit, the largest cryptocurrency exchange in South Korea, distributed around 8.5 billion won, which is equivalent to $6.07 million, to 380 individuals who had been victims of voice phishing. Dunamu, the operator of Upbit, utilized […]
Crypto Wins as US SEC Loses ‘Dealer’ Lawsuit
Judge Reed O’Connor ruled that no U.S. law supports the SEC’s broad use of the term “dealer” to classify crypto companies under securities regulations. Crypto litigants in the state of Texas have dealt the Securities and Exchange Commission (SEC) of the United States yet another significant setback. Judge Reed O’Connor of the United States District […]
Circle Brings USDC to Aptos via Stripe Payments
Circle will launch USDC and CCTP on Aptos, with Stripe enabling fiat-to-USDC conversions. On the Aptos blockchain, Circle is going to deploy its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) in the near future, as recently revealed by the company. This step marks the start of a new phase in Aptos’ development, positioning it as […]