Crypto

STRC stays below $100 as Jain questions 12% yield

Strategy’s STRC preferred stock has remained below its $100 stated value at $95.31 despite Bitcoin’s rally to about $77,125, prompting Multicoin Capital co-founder Tushar Jain to argue that its 12% dividend does not adequately cover the risk of another deep… …

6 Minute
Crypto

South Korea advances crypto access for 3,500 companies

South Korea has advanced a three-part digital-finance program covering crypto accounts for about 3,500 companies, legal recognition for tokenized securities, and deposit-token trials involving nine banks. FACTBLOCK CEO and Korea Blockchain Week organizer Andrew Park said South Korea’s crypto market… …

7 Minute
Crypto

CFTC seeks feedback on CPO and CTA rule changes

The CFTC has opened a 45-day comment period on proposals that would double the small-pool exemption threshold to $800,000 and ease registration rules for some fund advisers. CFTC proposal would reduce duplicate fund registration The Commodity Futures Trading Commission said… …

7 Minute
Crypto

SEC unveils Reg Crypto rules with $75m exemption

The U.S. Securities and Exchange Commission has proposed two registration exemptions, including a $75 million annual pathway, under its new Reg Crypto framework for certain crypto investment contracts. SEC Reg Crypto rules create two offering exemptions The SEC said in… …

6 Minute
Crypto

Cypherpunk becomes largest Zcash miner in $33M deal

Cypherpunk Technologies has acquired a 4.2 GSol/s Zcash mining fleet for $33.33 million, giving the Nasdaq-listed company about 18% of the network’s total computing power. Cypherpunk Technologies said on Aug. 18 that it had launched Cypherpunk Mining after purchasing the… …

6 Minute
Crypto

Dartmouth crypto ETF holdings drop 15% in Q2

Dartmouth College’s crypto ETF holdings have fallen 15% to about $12.4 million in the second quarter, even though its $9 billion endowment kept the same number of fund shares. Dartmouth crypto ETF holdings have fallen to $12.4 million The U.S.… …

5 Minute