Key Points: Coinbase parted ways with TaskUs after data breach costs $400 million. 200 TaskUs employees were dismissed following the incident. Increased control measures implemented by Coinbase post-breach. Coinbase has ended its partnership with TaskUs following a security breach by Indian employees in January. The breach cost the exchange an estimated $400 million, revealing sensitive … Read more
On June 3rd, **COINOTAG News** reported that the **U.S. Securities and Exchange Commission (SEC)** is actively soliciting public feedback regarding potential amendments to the rules governing the **WisdomTree Bitcoin Fund**. This initiative involves the possibility of enabling **in-kind creation and redemption**, a significant step that could enhance operational flexibility for cryptocurrency **exchange-traded funds (ETFs)**. Historically, … Read more
Bitfinex analysts warn crypto markets are preparing for increased volatility as bitcoin undergoes its first significant correction since hitting a new all-time high and options markets show signs of overheating. Record Crypto Options Open Interest Coincides with Bitcoin Pullback According to Bitfinex analysts, bitcoin (BTC) dropped nearly 8% from its record peak of $111,880, reached … Read more
Key Points: China Everbright Holdings’ stock climbs due to Circle’s IPO plans. Shares surged 23.83% to HK$5.82. Circle’s IPO signals major developments in fintech and blockchain. China Everbright Holdings’ shares surged 23.83% to HK$5.82 in Hong Kong trading on June 3. The rise follows the news of Circle’s application for an IPO in the United … Read more
In brief Strategy is seeking to raise $250 million through preferred stock shares. The shares that pay a 10% dividend will be used to buy Bitcoin and cover working capital needs. Last week, the company acquired 705 BTC for $75 million, increasing total holdings to 580,955 BTC. Strategy, formerly MicroStrategy, announced plans Monday to raise … Read more
The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors. The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance … Read more
Just a chill guy meme took the entire world by storm as thousands of memes flooded each country and every sector. This naturally spiked up the price of the token and now over the past few months, a big community of holders have formed around this token. Will this token continue its rally owing to … Read more
Meta firmly rejected a bold shareholder push to adopt bitcoin as a treasury asset, signaling strong resistance to crypto integration despite mounting institutional interest and rising bitcoin momentum. Meta Rejects Bitcoin Treasury Proposal Amid Strong Shareholder Opposition Meta Platforms Inc. declined a shareholder-backed initiative to explore adding bitcoin to its corporate treasury during its annual … Read more
Strategy, formerly MicroStrategy, plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more Bitcoin purchases. Strategy intends to issue 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, with the ticker STRD, at $100 a share, the Bitcoin-stacking firm … Read more
Meta firmly rejected a bold shareholder push to adopt bitcoin as a treasury asset, signaling strong resistance to crypto integration despite mounting institutional interest and rising bitcoin momentum. Meta Rejects Bitcoin Treasury Proposal Amid Strong Shareholder Opposition Meta Platforms Inc. declined a shareholder-backed initiative to explore adding bitcoin to its corporate treasury during its annual … Read more