MicroStrategy files to sell up to $500 million of stock to fund Bitcoin purchases
MicroStrategy (MSTR), a software developer that has become a corporate Bitcoin (BTC) vault, plans to sell up to $500 million of stock to fund more purchases of the cryptocurrency.
A Friday filing with the U.S. Securities and Exchange Commission revealed the stock offering, which will be for “general corporate purposes, including the acquisition of Bitcoin.
Fed officials call for serious need of stablecoin regulations
Cryptocurrency activities require more regulatory control, according to Michael Barr who stands to be a former Ripple Labs consultant and vice chairman for supervision at the U.S. Federal Reserve.
Barr stated that Congress should work expeditiously to pass much-needed legislation to bring stablecoins, particularly those designed to serve as a means of payment, inside the prudential regulatory perimeter.
Whales grab 600 billion SHIB overnight as number of SHIB holders hits new ATH
According to WhaleStats, the top 100 Ethereum whales have purchased 598,618,572,524 SHIB, equivalent to $7.8 million. A total of $155,743,555 worth of SHIB has settled in their wallets. SHIB now comprises 5.29% of their portfolio.
The number of wallets holding SHIB has reached a new historic high of 1,219,811, adding nearly 3,500 holders in the past four days.
Highlights of the week
$ALGO announced new upgrade
LG taps $HBAR blockchain for NFT marketplace
$INJ launched decentralized crypto exchange Helix
Asia banking giant DBS jumps into $SAND metaverse
$HT secures license to operate in the British Virgin Islands
GameStop partners with $FTT to boost digital asset adoption
$ONUS deployed a Bug Bounty Program on WhiteHub platform
Crypto Exchange Huobi secures license to operate in the British Virgin Islands
Digital asset service provider Huobi Group is set to operate a crypto exchange in the British Virgin Islands (BVI) after securing a license from the local financial watchdog.
The Seychelles-registered crypto company said Friday it secured the license from the BVI’s Financial Services Commission (FSC) under Huobi’s regulated local subsidiary Brtuomi Worldwide Limited.
ONUS x WhiteHub: Bug Bounty Program
On Sep.7, ONUS deployed a Bug Bounty Program on CyStack’s WhiteHub platform to strengthen our products’ security and keep people safe.
The bounty for each critical vulnerability discovered is up to 1,000 USD. Details: https://bit.ly/3xeJjqW.
Ford prepares to enter the Metaverse with virtual automobiles and NFTs
American car manufacturer Ford Motor Company is the latest car brand prepping its entry into the world of nonfungible tokens (NFTs) and the Metaverse — filing 19 trademark applications across its major car brands.
The trademark applications cover virtual cars, trucks, vans, SUVs and clothing for its brands and also cover a proposed online marketplace for NFTs.
Polygon (MATIC) to increase workforce by 40% amidst crypto winter
Polygon (MATIC), an Ethereum (ETH) scaling and infrastructure platform, is planning to increase its workforce by 40%, or around 200 people, Bloomberg has reported.
Headquartered in Dubai, Polygon now employs approximately 500 people working full-time around the globe. The company says it’s looking to hire employees in different capacities, part-time and full-time included.
LUNA soars 200% after 24h
LUNA has witnessed significant growth over the past 24 hours, pushing the token’s market cap to $786 million.
In the last 24h, the asset jumped from less than $2 to $6.02, trading volume hit $6.8 billion.
Puma launches metaverse space Black Station for displaying NFTs
Puma has entered the metaverse by launching an interactive space titled Black Station to showcase limited edition non-fungible tokens (NFTs) based on its sneakers.
The NFTs on display were created by the German athletic brand’s “Futrograde” collection. They will be on display as part of the New York Fashion Week, and buyers can redeem these NFTs as physical sneakers, according to Puma.