Brightsidetech

• Michael Saylor, the founder and former CEO of software firm MicroStrategy, recently purchased approximately 2,395 bitcoins for approximately $42.8 million. • The firm also sold some of its crypto assets over the past week for cash proceeds of approximately $11.8 million. • Following these transactions, MicroStrategy’s bitcoin holdings have increased from about 130,000 bitcoins … Read more

• Galaxy Digital, Michael Novogratz’s crypto-focused financial services firm, has bought Argo’s Helios Bitcoin (BTC) mining facility and provided an additional $35 million loan to help with restructuring efforts. • The cash proceeds from the sale will be used by Argo to repay existing debts and prepayment interest, and other fees of approximately $84 million … Read more

• Dan Berkovitz, General Counsel at the Securities and Exchange Commission, has stepped down amid reports that he had met and dined with disgraced FTX founder Sam Bankman-Fried. • The emails were initially obtained by the watchdog Protect the Public’s Trust, showing the SEC official had a warm relationship with SBF. • SBF was the … Read more

• A man named Avraham Eisenberg was arrested for attempting to steal around $110 million from the decentralized cryptocurrency exchange Mango Markets. • He allegedly manipulated the Mango native token MNGO to artificially inflate the price of the token, enabling him to borrow and withdraw $110 million worth of different cryptos. • Following talks with … Read more

•Republic of Palau is working with Ripple Labs to explore the possibility of developing a national stablecoin. •XRP is currently trading sharply lower near the 0.3576 level, and a break below that level may further exert bearish pressure. •Alternative coins like FightOut (FGHT) may offer investors better short-term investment opportunities. The global crypto market has … Read more

• US asset manager Fidelity has filed three trademark applications in the US to provide services in the metaverse and other virtual worlds. • Decentralized finance protocol Defrost Finance, which was hacked on December 23, has announced plans to refund assets prior to the attack. • Crypto mining company Argo Blockchain has requested a suspension … Read more

• Fidelity has filed three trademark applications in the US to provide services in the metaverse and other virtual worlds. • Defrost Finance, which was hacked on December 23, said that, as all V1 hacked funds had been returned, the team would “soon start the process of refunding these assets to the rightful owners prior … Read more

• The Financial Services Agency of Japan will lift the ban on the domestic distribution of foreign-issued stablecoins in 2023. • The new regulations will allow local exchanges to handle stablecoin trading under the condition of asset preservation by deposits and an upper limit of remittance. • None of the 31 crypto exchanges registered with … Read more

• Bill Miller, an American investor and fund manager, is still bullish on Bitcoin despite the recent crypto meltdown. • He believes that Bitcoin has held up well, given the FTX bankruptcy and an increase in interest rates. • Miller sees Bitcoin as a potential store of value like digital gold, and believes that those … Read more