MicroStrategy says it could sell Bitcoin to pay long-term debt obligations
MicroStrategy says it could sell Bitcoin to pay long-term debt obligationsMicroStrategy said it does not expect its enterprise analytics software business to generate enough cash for its debt obligations.
Happy Tuesday!The global crypto market cap is $1.18 trillion with a 24-hour volume of $36.52 billion. The price of Bitcoin is $28,448.26 and BTC market dominance is 46.9%. The price of Ethereum is $1,854.10 and ETH market dominance is 19.0%.
Latest NewsMicroStrategy says it could sell Bitcoin to pay long-term debt obligations
MicroStrategy said it does not expect its enterprise analytics software business to generate enough cash for its debt obligations. Ripple lawyer claims SEC is ‘exploiting legal uncertainty’ to redefine securities lawsRipple lawyer John Deaton believes that the regulator's litigation against crypto companies "pushes the boundaries" of what constitutes an investment contract and a common enterprise in the U.S. Biden’s bold move: White House wants crypto miners to pay 30% climate change taxProposed Digital Asset Mining Energy intends to get crypto miners to pay for the societal damage caused. Gemini launches derivative platform in 30 countriesGemini said the new platform is unavailable to customers in the United States of America, the United Kingdom, or the European Union. Bitcoin rises amidst string of bank failures: is this the start of a new financial era?CryptoSlate takes a look at the consequences of JPMorgan’s acquisition of the failed First Republic Bank and its effect on BTC. Coinbase launch international exchange for institutional traders outside USOver the past month, Coinbase's shares shed more than 20% — dropping from as high as $72 in April to $50.1 as of May 1. Kenya introduces 1.5% tax to crypto companiesForeign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades. CryptoSlate wMarket Update: Crypto market dips 1.5%, Litecoin defies wider downtrendThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Lawyers, consultancy firms charge bankrupt FTX over $145M in 5 monthsLaw firm Sullivan and Cromwell (S&C) has charged roughly $70 million for five-months of its services to the bankrupt FTX exchange. Dubai authorities sent written reprimand to OPNX Exchange foundersThe reprimand was sent to five people, including founders of defunct hedge fund Three Arrows Capital and OPNX, Kyle Davies and Su Zhu.
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