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Short-sellers have wavered this year as MicroStrategy stock skyrocketed 469% over the past six months, but a few major institutions are holding out hope for a correction.

Big shorters are betting $6.9B against MicroStrategy stocks

Several institutions are still holding out for a decline in the stock price of Michael Saylor’s software intelligence firm MicroStrategy, with $6.9 billion in major short positions.

3 months ago

Telegram Stars can be swapped on Telegram’s Fragment platform for Toncoin, an $18 billion cryptocurrency.

Telegram launches in-app currency ‘Stars’ for digital purchases

Social messaging platform Telegram has launched “Telegram Stars,” a new in-app token for purchasing digital goods and services. “With Telegram Stars, mini apps can no...

3 months ago

The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60.

NY Attorney charges 3 tied to 'Evolved Apes' NFT scam

Three British nationals tied to the “Evolved Apes” nonfungible token “rug pull” scam have been charged in the United States for conspiring to commit wire fraud and money ...

3 months ago

The group of creditors, led by Sunil Kavuri, cited several concerns, including forced taxation, which would compromise creditors’ best interests.

FTX creditors object to bankruptcy reorganization plan

A group of FTX creditors, led by Sunil Kavuri, has filed an objection to FTX’s bankruptcy reorganization plan. They reject it on several grounds, including the assertion that it does not s...

3 months ago

Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital.

Riot Platforms bounces after damning report claiming collapse

Shares in Riot Platforms Inc (RIOT) recovered from a hefty dip on June 5 after a strongly-worded report from short seller Kerrisdale Capital, claiming the firm would collapse and that Bitcoin&nb...

3 months ago

Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions.

Turkey denies plans to tax crypto, stock gains

Turkey has dismissed plans to impose taxes on profits from stocks and cryptocurrencies but suggested a “very limited” levy on transactions. According to Bloomberg, Treasury...

3 months ago

Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise.

Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

A financial law professor told Congress in a speech on Wednesday that public blockchains are too “fragile” to tokenize trillions of dollars in real-world assets as they’re high...

3 months ago

McDonald’s Singapore launches the ‘My Happy Place’ metaverse, letting locals build virtual burgers, play multiplayer games, and earn rewards.

McDonald’s metaverse debuts in Singapore

American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore, allowing locals to build virtual burgers and participate in other activities.

3 months ago

The agreement, which is subject to court approval, resolves a major hurdle for the FTX bankruptcy process.

FTX reaches $200M settlement with IRS on tax bill

Bankrupt crypto exchange FTX reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS). According to a June 3 filing, the exchange and t...

3 months ago

The U.S. politicians have accused Nigeria’s government of charging Gambaryan, a Binance compliance officer and former federal agent, with “baseless” crimes.

Politicians urge Biden to bring back Binance exec from Nigeria

Several United States politicians have reportedly asked President Joe Biden and the hostage affairs unit to try to bring Binance employee Tigran Gambaryan home, who has been held in Nigeria for ...

3 months ago