BTC|BUSINESS Updates
Strategy Hit With Class Action Over Bitcoin—Saylor Named in Lawsuit
Strategy is facing a purported class action lawsuit accusing it of misleading investors on the risks and profitability of its aggressive bitcoin strategy during a critical growth phase. Class Action L...
DigiAsia’s stock soars on plan to allocate 50% of profits to Bitcoin
DigiAsia Corp. has announced a strategic plan to incorporate Bitcoin into its corporate treasury. With Board approval, the company will allocate up to 50% of its net profits toward acquiring Bitcoin (...
The Giant Company That Switched From Bitcoin Mining to Artificial Intelligence Sector Is Experiencing Its Own Bull! Here Are the Details
A new report by fintech and crypto research firm Rittenhouse Research cited Galaxy Digital’s transition from Bitcoin mining to artificial intelligence (AI) infrastructure as the top reason for its “st...
CRO Dumps by 6% Daily Despite This Major Partnership: Details Here
TL;DR A new collaboration aims to give American investors additional options to gain exposure to CRO. Despite the disclosure, the token’s valuation is down 6% for the day, coinciding with the broader ...
Whale James Wynn Boosts BTC Holdings with $14.28 Million Long Position at 40x Leverage
According to recent reports from COINOTAG, prominent crypto investor James Wynn continues to bolster his long positions in Bitcoin (BTC). As of May 19th, Wynn has initiated a substantial long
Bitcoin Faces Volatility Amid Mixed Market Sentiments and Legal Challenges
Bitcoin’s turbulent week has captivated investors, showcasing its volatility as it swings between crucial price points amid ongoing market developments. This choppiness was exacerbated by a significan...
Dow recovers from morning lows, indices nearly flat despite U.S. debt downgrade
Stocks opened lower on Monday as Wall Street flipped negative after Moody’s downgraded the United States’ credit rating. The S&P 500 fell 0.8% at the open, while the Nasdaq Composite dropped 1%, as th...
Franklin taps blockchain to offer yield on idle payroll funds
Franklin, a hybrid cash and crypto payroll provider, is launching a new initiative that aims to turn idle-sitting payroll into an opportunity for yield. The new solution, dubbed Payroll Treasury Yield...
Strategy stock rallies despite class action lawsuit
Strategy (NASDAQ: MSTR ) stock climbed $4,78 (1,20%) from its latest closing price of $399.80 to its Monday price of $404,58 as the company revealed that a class-action lawsuit is targeting it. Strate...
Strategy bought another 7,390 BTC, maintaining its weekly schedule
Strategy continued with its BTC purchases on a weekly basis, acquiring another 7,390 BTC. The relatively larger acquisition happened during a bullish week, with an average price above $103,000. Strate...
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