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By Chris WackK Wave Media shares were 17% lower, at $4.56, after the company entered into a convertible note agreement with Anson Funds.Under the agreement, Anson agreed to provide up to $500 million in financing under which KWM will allocate minimum 80% of the proceeds toward purchase of bitcoin.Th…
By Tomi KilgoreMicroStrategy has acquired more than 69,000 bitcoins since it last took a pause, to bring its total holdings to nearly 600,000 bitcoinsIt is now bigger news when MicroStrategy Inc. doesn't buy any bitcoin than when it does.The self-proclaimed largest bitcoin treasury company, which is…
By George GloverThe Bitcoin price was rising again on Thursday, putting the cryptocurrency on course to extend its strong recent run.The world's largest token by total market capitalization was up 1.4% to $108,127 over the past 24 hours, according to CoinDesk data. It's now about 4% off the record h…
By Nate WolfFinancial-technology company Fiserv will launch a stablecoin and digital-asset platform for its clients by the end of the year, the company announced Monday, sending the stock higher in premarket trading.The move will give Fiserv's network, which connects roughly 10,000 financial institu…
By Robert McMillanHackers in recent months have disrupted retail sales in the U.K. and U.S. and stolen hundreds of millions of dollars from crypto holders by targeting the outsourced call centers that many American corporations use to save costs.The hacks are often meticulously researched and use a …
Circle Internet shares rose over 3% in premarket activity after the US Senate passed the Genius Act, a bill establishing a federal framework for issuing and managing dollar-backed stablecoins for payments. A stablecoin is a type of cryptocurrency designed to maintain a constant value by being pegge…
The U.S. Senate has passed a bill to create a regulatory framework for stablecoins, a once-niche corner of the crypto industry that is gaining traction among global companies.Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged 1:1 to the U.S. dollar – a…
Justin Sun's crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday.SRM's statement did not name the private investor whose $100 million equity inv…
By Connor HartCrypto group Tron will go public in the U.S. through a reverse merger with SRM Entertainment.SRM said Monday that it has signed a securities purchase agreement for a $100 million investment, which will be used to establish a Tron treasury strategy.In connection with the treasury launch…
Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday.This marks the second cryptocurrency ETF filing from the soci…
reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president.The annual financial disclosure form, which app…
** Shares of payments processors Visa and Mastercard fall 4.7% and 4.3%, respectively, hitting their lowest in more than a month** Walmart , Amazon and Expedia Group are among companies exploring their own stablecoins, the Wall Street Journal reports** Stablecoins are a type of cryptocurrency de…