Category: Latest news

[ad_1] Washington, D.C. Attorney General Brian Schwalb announced a historic $40 million tax fraud recovery settlement with Michael Saylor and his company, MicroStrategy, according to a June 3 press release. Schwalb said: “Michael Saylor – billionaire tech executive and investor – will pay $40 million to the District in the largest income tax fraud recovery…

[ad_1] Global digital asset investment products recorded their fourth consecutive week of inflows, totaling $185 million, according to CoinShares’ weekly report. The report stated that these inflows pushed May’s total to $2 billion, bringing the year-to-date inflows to over $15 billion for the first time. However, trading volume dropped to $8 billion from $13 billion…

[ad_1] Available exclusively via How BlackRock’s Bitcoin ETF shapes the crypto market Andjela Radmilac · 7 hours ago CryptoSlate’s latest market report dives deep into the meteoric rise of BlackRock’s Bitcoin ETF to understand how it positioned itself at the forefront of the crypto market. [ad_2] Source link

[ad_1] Trading on the New York Stock Exchange (NYSE) was abruptly halted today after Berkshire Hathaway’s Class A shares experienced a dramatic 99.97% drop in value. The equity last traded at $185.10, down from $627,214.90. The halt, coded as M, was triggered due to volatility, and the cause of the sudden decline remains unclear. In…

[ad_1] Matter Labs, the team behind Ethereum layer-2 network zkSync, announced on June 2 that it would drop all trademark applications for “zero-knowledge (ZK).” Last week, the firm came under intense scrutiny due to its attempt to trademark the ZK term. Industry stakeholders, including Polygon co-founders Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder Tiancheng Xie, and…

[ad_1] Ethereum layer-2 blockchain Linea is under fire after it revealed that it unilaterally stopped block production because Velocore, a decentralized exchange operating on its network, was hacked. Over the weekend, 700 ETH—equivalent to over $2.6 million—was moved off the layer-2 network via an unnamed third-party bridge because of the Velocore hack. As of press…

[ad_1] Bitcoin and Ethereum supplies on centralized exchanges have hit record lows following the introduction of crypto-related spot exchange-traded funds (ETFs) in the United States. According to Glassnode data, Bitcoin balances on exchanges have fallen to 11.6%, the lowest since December 2017. Ethereum balances are even lower at 10.6%, the lowest since October 2015. Spot…

[ad_1] Available exclusively via How BlackRock’s Bitcoin ETF shapes the crypto market Andjela Radmilac · 2 hours ago CryptoSlate’s latest market report dives deep into the meteoric rise of BlackRock’s Bitcoin ETF to understand how it positioned itself at the forefront of the crypto market. [ad_2] Source link

[ad_1] Quick Take MicroStrategy (MSTR) has been added to the MSCI World Index; changes took effect at the market close on May 31. This inclusion means that June 3 marks the first day MSTR is part of this index. Additionally, MSTR has become a prominent figure in the MSCI ACWI IMI Fintech ESG Filtered Index, where…

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