Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business

July 4, 2024 Bitcoin.com

bitcoin.com

Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over $5 million. Kavak Bets on Tokenized Debt […]

Microstrategy Acquired 258,320 BTC in 2024, Adding B in Shareholder Value

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Unlocking Value: Fair Price Discovery, the Role of Market Makers

June 30, 2024 Bitcoin.com

Acheron Trading

Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases: pre-generation construction, primary listing, price discovery and expansion, and […]

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Logan Paul sues Coffeezilla for defamation over CryptoZoo videos

June 28, 2024 Coin Telegraph

Coffeezilla

Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements about his NFT project CryptoZoo.

Influencer Logan Paul filed a defamation lawsuit on June 27 against Stephen Findeisen, better known as “Coffeezilla” on YouTube, over videos he produced about Paul’s failed CryptoZoo non-fungible token (NFT) project in 2022.

The suit filed in a San Antonio, Texas District Court claimed Findeisen “maliciously and repeatedly [published] false statements accusing Paul of operating a scam in connection with a troubled blockchain project called CryptoZoo.”

“Paul brings this defamation suit to hold Findeisen accountable for his actions and to hold him liable for the immense harm that he has caused to Paul’s reputation through the intentional and reckless dissemination of defamatory falsehoods,” according to the filing.

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Celebrity memecoins highlight crypto’s influencer problem

June 26, 2024 Coin Telegraph

Coin Telegraph

Celebrity memecoins have become the latest crypto trend in 2024, with a slew of celebrity endorsements.

Celebrity memecoins are the latest influencer crypto trend, with the likes of Katlyn Jenner and Iggy Azalea recently launching their own memecoins.

However, like each bull cycle, several celebrity-linked projects have already been accused of retail dumping and scamming unsuspecting amateur investors, highlighting the crypto market’s long-running issue with influencers.

Every bull cycle, celebrities jump on the latest trend.

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Crypto clicker games need real token use cases to be sustainable

June 18, 2024 Coin Telegraph

Coin Telegraph

As Notcoin and Hamster Kombat continue to amass millions of users, experts question the long-term viability of crypto clicker games.

Web3 clicker games are the newest phenomenon to appear in the crypto world, but their purported ability to generate fast returns has called their sustainability into question.

Also known as crypto idle games, these simple yet addictive games have witnessed monumental financial growth over the past month alone, attracting tens of millions of users while generating substantial buzz worldwide.

Notcoin, a play-to-earn (P2E) game integrated into the Telegram messaging app, has been at the forefront of this revolution, boasting an impressive 40+ million players. Moreover, since May 26, the game’s native Notcoin (NOT) token has seen a staggering 240% increase in its value, with its market capitalization soaring past $2.75 billion at its peak.

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

MicroStrategy upsizes latest stock sale to $700M to buy more Bitcoin

June 14, 2024 Coin Telegraph

MicroStrategy upsizes latest stock sale to 0M to buy more Bitcoin

Coin Telegraph

MicroStrategy upsizes its convertible senior notes offering to $700 million, earmarking proceeds for Bitcoin purchases and corporate purposes.

American software technology firm MicroStrategy has announced the pricing of a new $700-million debt offering due in 2032, which it will use to purchase more Bitcoin.

According to an official press release, the notes will be sold in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The offering has been upsized from the previously announced $500-million aggregate principal amount.

The company will use a portion of the proceeds to continue adding more Bitcoin (BTC) to its corporate treasury. MicroStrategy has acquired 214,400 BTC, with an estimated value of $14 billion to date, according to the latest data submitted in its Q1 2024 financial results.

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG

June 9, 2024 Bitcoin.com

Andrew Tate

Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes money.” After burning the tokens, Tate celebrated […]

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO

June 4, 2024 Coin Telegraph

Dapper Labs’ M settlement reaffirms NBA NFTs aren’t securities: CEO

Coin Telegraph

Dapper Labs has entered a $4 million agreement to settle an investor lawsuit that claimed it sold NBA Top Shot Moments NFTs as unregistered securities.

Dapper Labs’ $4 million settlement agreement to end a class-action lawsuit against the firm reaffirms NBA Top Shot nonfungible tokens (NFTs) are not securities, according to CEO Roham Gharegozlou.

The June 3 New York District Court filing shows Dapper Labs reached a settlement agreement with a class group of investors who had sued the firm in 2021, alleging it sold unregistered securities through its NBA Top Shot Moments NFTs.

In a June 4 X post, Gharegozlou claimed the case’s legal discovery found the NFTs were on “a decentralized public network,” which meant they “are not securities in the same way trading cards are not securities.”

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

EOS Network approves new tokenomics, promises ‘new era’

May 31, 2024 Coin Telegraph

Coin Telegraph

EOS is shifting to a fixed supply of 2.1 billion tokens and introducing halving cycles amid ongoing community skepticism and past regulatory challenges.

The EOS ecosystem has reached a consensus to approve a new tokenomics model, promising a “new era” for EOS tokenholders and developers.

According to an announcement on May 31, EOS will transition from an inflationary token supply with a maximum of 10 billion EOS (EOS) tokens to a fixed supply of 2.1 billion tokens. According to the EOS Network Foundation (ENF), the move would help curb inflation.

In addition, EOS’ fully Diluted Value (FDV) was reduced by 80%, and four-year halving cycles were implemented. Another change is the addition of “high-yield staking rewards” with lockup, although yields were not disclosed.

Microstrategy Acquired 258,320 BTC in 2024, Adding $14B in Shareholder Value

Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategy

May 28, 2024 Coin Telegraph

Airdrop

LayerZero has identified 800,000 potential Sybil addresses so far, but the process has antagonized some community members.

LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.

The main concern surrounds LayzerZero’s “anti-Sybil strategy.”

Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.

Tokens