Craig Wright ordered back to UK for COPA contempt of court hearing
The Australian entrepreneur failed to argue that his autism and plans for Christmas should prevent him from appearing in person.
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Is Michael Saylor the Do Kwon of this bitcoin cycle?
MicroStrategy and Michael Saylor’s rise to prominence has drawn comparisons to Do Kwon’s bitcoin-buying ambitions from 2022.
Cash App founder Bob Lee’s murder trial nears end — is Nima Momeni guilty?
After closing arguments are made on December 2, a jury will decide if tech consultant Nima Momeni killed Bob Lee — or if it was self-defense.
Michael Saylor buys 55,500 more BTC, average price nears $57,000
In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.
— HTX, Justin Sun
Justin Sun’s HTX redeems $500M in WBTC it wasn’t supposed to have
Justin Sun-advised HTX recently redeemed approximately $500 million worth of WBTC, despite having no WBTC on its proof-of-reserves.
The math behind MicroStrategy’s bitcoin bet
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
— SEC, Stablecoins
TUSD up to 99.7% backed by speculative assets despite SEC settlement
Dollar-pegged stablecoin TUSD may still be up to 99.7% backed by speculative assets, despite an SEC settlement that alleged this behavior.
Michael Saylor has lost voting control of MicroStrategy
Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.
Coinbase to delist WBTC months after Justin Sun controversy
Coinbase has announced that it intends to delist Wrapped Bitcoin (WBTC) from December 19 because it no longer meets the listing requirements.
All bitcoin models destroyed: Stock-to-Flow, Power Law, Rainbow
Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.