ariam6551

@ariam6551

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Private key compromises were the second-largest threat after phishing scams, resulting in over $855 million worth of stolen crypto across 65 incidents in 2024.

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The US charged Storm and fellow co-founder Roman Semenov in August 2023, accusing them of helping launder over $1 billion in crypto through Tornado Cash, including for the North Korean-linked hacking collective the Lazarus Group.

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The Fifth Circuit ruling came from a case launched by six Tornado Cash users — with backing from Coinbase — against the Treasury and OFAC in September 2022. They initially lost the case and then appealed it in November 2023.

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Quintenz has reportedly emerged as the top contender for the CFTC chair position under the incoming administration of President-elect Donald Trump.

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The former head of Meta’s (previously Facebook) blockchain payments solution, Diem, said the project ended after insurmountable political pressure from United States regulators.

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“It’s time for Microsoft to evaluate its Bitcoin strategic options,” Saylor said. “So do the right thing for the world and adopt Bitcoin.”

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Saylor made the case that Microsoft should invest $100 billion into Bitcoin every year, claiming it “makes a lot more sense to buy Bitcoin than to buy your own stock back or to hold Bitcoin rather than holding bonds.”

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Saylor claimed that public and political support for Bitcoin “is surging” and there is a “crypto renaissance,” noting pro-crypto statements made by incoming United States President Donald Trump and Bitcoin investment products launched by notable Wall Street firms.

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MicroStrategy (MSTR) shares have surged $465.5% so far in 2024 alongside the value of its Bitcoin holdings. Its shares reached a peak of $421.88 on Nov. 22, which broke past the long-held all-time high it hit just before the dot-com bubble popped in early 2000, per Google Finance.

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Saylor claimed this strategy could add $4.9 trillion to Microsoft’s value if it went all-in on Bitcoin. The company is currently the third most valuable in the world with its $3.18 trillion market cap, behind Apple Inc. and Nvidia Corp.

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In his pitch deck, Saylor claimed Bitcoin could add up to $584 to Microsoft’s share price over the next decade if it were to use all of its treasury and debt and all of its cashflows, dividend payout, and share buyback money to buy Bitcoin — assuming 1 BTC would be worth $1.7 million by the end of 2034.

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Microsoft can’t afford to miss the next technology wave, and Bitcoin is that wave,” Saylor said to open his pitch in a video shared on Dec. 1, which urged Microsoft to convert its cash flows, dividend payouts, stock buybacks and debt into the cryptocurrency, adding:

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Saylor made the point during a pitch to Microsoft’s board on why the tech giant should buy Bitcoin, whipping through 44 slides in a little over three minutes.

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MicroStrategy chair and Bitcoin bull Michael Saylor told Microsoft’s board of directors that the firm could add almost $5 trillion to its market cap if it were to go all-in on Bitcoin.

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Bitcoin could retrace toward $70,000 if it continues its long-standing correlation with the global money supply in cash and bank deposits, according to an analyst.

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Cramer has had a love-hate relationship with crypto. In the past he has claimed cryptocurrencies have “no real value” and advised holders to sell. Cramer has since admitted he was wrong and talked about making money from owning crypto.

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In a Nov. 21 edition of Mad Money, Cramer also told a caller that they should “own Bitcoin that’s a winner,” at the time, Bitcoin was up around the $98,000 mark.

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“I’m going to call the top by recommending it yet again,” Cramer said. “Weird how I’ve been recommending gold and crypto for so many years, yet they’re both near all-time highs, and I take heat anyway.”

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The Mad Money host also admitted to still owning crypto because the “national debt worries are never going to go away.”

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“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” Coinbase said during the WBTC delisting announement, but also assured customers that their WBTC funds would still be available for withdrawal.

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