Crypto Currency

Alleged $1bn scam: CBEX promoters ask court for bail from EFCC custody 

Three promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX” have sought bail from the Federal High Court in Abuja following their detention in connection with an alleged $1 billion scam targeting Nigerian victims. The legal team for the three suspects, Babatunde Busari and Justice Otorudo…

Published 1 week ago in

Three promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX” have sought bail from the Federal High Court in Abuja following their detention in connection with an alleged $1 billion scam targeting Nigerian victims. The legal team for the three suspects, Babatunde Busari and Justice Otorudo…
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Crypto Currency

Strategy Adds 21,021 Bitcoin Through Historic $2.5bn Perpetual Preferred Stock IPO

Michael Saylor’s Bitcoin-buying machine, Strategy (formerly MicroStrategy), just bought another 21,021 Bitcoin. The company raised approximately US$2.474 billion (AU$3.79 billion) in net proceeds from a US$2.521 billion (AU$3.87 billion) IPO of its STRC perpetual preferred stock, per a Tuesday press release – the largest US IPO of 2025 so far…

Published 18 hours ago in
Strategy Adds 21,021 Bitcoin Through Historic $2.5bn Perpetual Preferred Stock IPO

Michael Saylor’s Bitcoin-buying machine, Strategy (formerly MicroStrategy), just bought another 21,021 Bitcoin. The company raised approximately US$2.474 billion (AU$3.79 billion) in net proceeds from a US$2.521 billion (AU$3.87 billion) IPO of its STRC perpetual preferred stock, per a Tuesday press release – the largest US IPO of 2025 so far…
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Crypto Currency

SEC Greenlights In-Kind Redemptions and Spot Crypto ETPs in Major Market Shift

In a significant regulatory pivot, the US Securities and Exchange Commission (SEC) has authorised in-kind creation and redemption for all spot Bitcoin and Ethereum exchange-traded products (ETPs). Authorised participants can now exchange ETP shares for the underlying crypto assets rather than cash. This adjustment applies to ETPs listed on exchanges such as Nasdaq…

Published 18 hours ago in
SEC Greenlights In-Kind Redemptions and Spot Crypto ETPs in Major Market Shift

In a significant regulatory pivot, the US Securities and Exchange Commission (SEC) has authorised in-kind creation and redemption for all spot Bitcoin and Ethereum exchange-traded products (ETPs). Authorised participants can now exchange ETP shares for the underlying crypto assets rather than cash. This adjustment applies to ETPs listed on exchanges such as Nasdaq…
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Crypto Currency

Ray Dalio Says 15% in Bitcoin or Gold Is Smart—But Prefers Gold Himself

Ray Dalio has told investors to lean more into Bitcoin (BTC) or gold as a hedge against the US debt spiral and weakening currency. Speaking on the Master Investor podcast Sunday, the Bridgewater Associates founder said an optimal portfolio “for the best return-to-risk ratio” would place roughly 15% in either Bitcoin or gold. …

Published 18 hours ago in
Ray Dalio Says 15% in Bitcoin or Gold Is Smart—But Prefers Gold Himself

Ray Dalio has told investors to lean more into Bitcoin (BTC) or gold as a hedge against the US debt spiral and weakening currency. Speaking on the Master Investor podcast Sunday, the Bridgewater Associates founder said an optimal portfolio “for the best return-to-risk ratio” would place roughly 15% in either Bitcoin or gold. …
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Crypto Currency

Overheating in Bitcoin (BTC) Market Less Severe Than Past Correction Phases

CryptoQuant flags a brief cool-down in the market where Bitcoin corrections are likely to be softer than past downturns…

Published 18 hours ago in
Overheating in Bitcoin (BTC) Market Less Severe Than Past Correction Phases

CryptoQuant flags a brief cool-down in the market where Bitcoin corrections are likely to be softer than past downturns…
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