MicroStrategy Files to Sell Up to $500M of Stock to Fund Bitcoin Purchases

Joe Raedle - MicroStrategy

MicroStrategy (MSTR), a software developer that has become a corporate bitcoin (BTC) vault, plans to sell up to $500 million of stock to fund more purchases of the cryptocurrency. A Friday filing with the U.S. Securities and Exchange Commission revealed the stock offering, which will be for “general corporate purposes, including the acquisition of bitcoin.” The timing … Read more

Robinhood’s Crypto Unit Fined $30 Million by New York’s Top Financial Regulator

Robinhood crypto unit fined 30 million

The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations Robinhood first publicly disclosed the investigation and settlement with the NYDFS a year ago in the paperwork filed with the Securities and Exchange Commission. The New York State Department of Financial Services imposed a $30 million fine on the … Read more

Coinbase Faces Huge Challenge — Which May Affect All of Crypto

Coinbase to close San Francisco offices for good

The Coinbase platform faces a big problem, which has implications for the entire crypto industry. In the middle of a crypto industry trying to take a breather after months of falling digital-currency prices, a bomb may be primed to explode.  The market has lost more than $2 trillion due to a market-shaking combination of recession … Read more