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MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name
Homepage > News > Business > MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name MicroStrategy (NASDAQ: MSTR) is raising $42 billion to inflate the price of the BTC token because if founder Michael Saylor doesn’t pump these bags, who will? On October 30, MicroStrategy released its Q3 financial report card, revealing a sharp decline…
RAKBANK Becomes the First Traditional UAE Bank to Launch Regulated Crypto Trading
Key Takeaways: RAKBANK becomes the first traditional UAE bank to offer regulated retail crypto trading directly in local currency (AED). Partnership with Bitpanda allows customers to buy, sell, and swap cryptocurrencies via RAKBANK’s mobile app without foreign exchange fees. Initial rollout is by invitation only, with wider access expected in the coming months as the…
AI spending to hit $2.8T by 2029, but will it pay off?
Homepage > News > Business > AI spending to hit $2.8T by 2029, but will it pay off? Spending on artificial intelligence (AI) infrastructure will hit $2.8 trillion over the next four years, a new report by Citi (NASDAQ: C) has revealed. The report pointed to accelerated investment by American tech giants over the past…
Pundit Predicts Ripple’s XRP Boost To $6 If Price Breaks This “Genuine Wake-Up Line”
Advertisement     XRP continued to show strength over the weekend, following a robust resurgence in the broader cryptocurrency market over the past week. Notably, the seventh-largest cryptocurrency by market capitalization has surged approximately 10%, with its market cap expanding by 9.4% to $34 billion over the past week. This bullish momentum has sparked…
Yearn Finance Loses $9M in Single-Transaction Exploit of yETH Vault – AabeyLLC Crypto
Yearn Finance has suffered a major security breach, resulting in the loss of approximately $9 million. The exploit targeted a legacy stable swap pool associated with the protocol’s yETH token that allowed the hackers to mint an infinite number of coins. Flaw in the yETH Contract Blockchain security firm Peckshield was the first to flag…
