Category Archives: Bitcoin

MicroStrategy has transformed into a “bitcoin treasury company,” investing billions in bitcoin through debt and equity issuance, driving its stock price up nearly 400% in 2024 despite declining software revenues and heightened financial risks. The Guar… Continue reading MicroStrategy’s Big Bet On Bitcoin Went Stratospheric→

An anonymous reader quotes a report from Crypto News: Power providers in the Siberian crypto mining hotspot of Irkutsk have discovered an illegal mining “farm” operating on their own property. The Irkutsk Region Prosecutor-General’s Office posted on VK… Continue reading Siberian Power Company Finds Illegal Crypto Mining ‘Farm’ On Its Own Property→

Montenegro has approved the extradition of cryptocurrency entrepreneur Do Kwon to the United States over his role in the collapse of TerraUSD and Luna tokens, which wiped out $40 billion from investors and destabilized global crypto markets. The BBC re… Continue reading South Korean Crypto-Boss Do Kwon To Be Extradited To US→

In 2024, North Korean state-sponsored hackers stole $1.34 billion in cryptocurrency across 47 attacks, marking a 102.88% increase from 2023 and accounting for 61% of global crypto theft. BleepingComputer reports: Although the total number of incidents … Continue reading North Korean Hackers Stole $1.3 Billion Worth of Crypto This Year→

El Salvador secured a $1.4 billion loan deal with the IMF after agreeing to scale back its bitcoin policies, making cryptocurrency acceptance voluntary for businesses and limiting public sector involvement. The deal aims to stabilize the country’s econ… Continue reading El Salvador Strikes $1.4 Billion IMF Deal After Scaling Back Bitcoin Policies→