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\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 2 3 4 … 20

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

In a memo<\/a>, Cabell outlined the proposal enabling the state to invest portions of the General Fund, Rainy Day Fund, and State Investment Fund in Bitcoin. These funds collectively hold more than $16 billion, suggesting a significant potential investment.<\/p>\n\n\n\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

A Pennsylvania lawmaker introduced a bill allowing the state\u2019s treasury to allocate up to 10% of its funds to Bitcoin. Representative Mike Cabell, a Republican, presented the legislation as a safeguard against inflation. He emphasized Bitcoin\u2019s potential to provide stability in uncertain economic times.<\/p>\n\n\n\n

In a memo<\/a>, Cabell outlined the proposal enabling the state to invest portions of the General Fund, Rainy Day Fund, and State Investment Fund in Bitcoin. These funds collectively hold more than $16 billion, suggesting a significant potential investment.<\/p>\n\n\n\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19489,"post_author":"15","post_date":"2024-11-18 04:07:58","post_date_gmt":"2024-11-17 17:07:58","post_content":"\n

London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS.<\/a> The EEA includes all EU members including Iceland, Liechtenstein, and Norway.<\/p>\n\n\n\n

Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.<\/p>\n\n\n\n

Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut\u2019s crypto head, Leonid Bashiykov, says traders appreciate the platform\u2019s near-zero fees and wide asset range. \u201cWith Revolut X, we aim to become a strong alternative in the crypto trading space,\u201d <\/em>Bashiykov noted.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Robinhood And Revolut Consider Entering Stablecoin Market<\/a><\/p>\n\n\n\n

Revolute's History In Europe<\/h2>\n\n\n\n

Revolut\u2019s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.<\/p>\n\n\n\n

The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut\u2019s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.<\/p>\n","post_title":"Revolut Expands Crypto Platform To 30 European Countries In Major Rollout","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"revolut-expands-crypto-platform-to-30-european-countries-in-major-rollout","to_ping":"","pinged":"\nhttps:\/\/www.pymnts.com\/cryptocurrency\/2024\/revolut-opens-crypto-exchange-30-european-countries\/","post_modified":"2024-11-18 04:08:40","post_modified_gmt":"2024-11-17 17:08:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19489","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19409,"post_author":"15","post_date":"2024-11-09 00:54:45","post_date_gmt":"2024-11-08 13:54:45","post_content":"\n

Detroit will soon be the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting in mid-2025, residents can pay<\/a> with Bitcoin and Ethereum through a PayPal-powered platform. This move aims to modernize city services and expand financial access.<\/p>\n\n\n\n

This plan supports Detroit\u2019s vision of becoming a tech-friendly, inclusive city. Mayor Mike Duggan shared his excitement, saying, \u201cWe\u2019re proud to explore blockchain for public service.\u201d<\/p>\n\n\n\n

To keep funds stable, PayPal will convert crypto payments to U.S. dollars before they reach the city. PayPal, an important partner, first entered crypto in 2020, allowing U.S. customers to buy, hold, and sell digital assets. Its services have since expanded worldwide.<\/p>\n\n\n\n

See Related: <\/em><\/strong>APENFT's \"Fall of the Core\" Lands on Sandbox, Opening the Gate of the City of Origin<\/a><\/p>\n\n\n\n

Detroit's Other Plan<\/h2>\n\n\n\n

Besides payments, Detroit wants blockchain innovators to create tools for improved transparency, security, and efficiency in city operations. Justin Onwenu, Detroit\u2019s Director of Entrepreneurship and Economic Opportunity, said the city is eager to attract forward-thinking entrepreneurs.<\/p>\n\n\n\n

Detroit follows other states, like Louisiana<\/a>, which also allow crypto for certain public services.<\/p>\n","post_title":"Detroit to Accept Bitcoin And Ethereum For Tax Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"detroit-to-accept-bitcoin-and-ethereum-for-tax-payments","to_ping":"","pinged":"","post_modified":"2024-11-09 00:54:55","post_modified_gmt":"2024-11-08 13:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19409","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19401,"post_author":"15","post_date":"2024-11-08 05:04:46","post_date_gmt":"2024-11-07 18:04:46","post_content":"\n

The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against cryptocurrency exchange Kraken. On November 5, the SEC filed <\/a>a motion to dismiss several of Kraken's key defenses.<\/p>\n\n\n\n

SEC argues that the exchange's references to the \"major questions doctrine\" and claims of inadequate regulatory clarity fail to meet legal standards.<\/p>\n\n\n\n

The commission asserts that Kraken\u2019s defenses, including claims of insufficient notice of securities law requirements, are unfounded. It further argues that the term \u201cinvestment contract\u201d within U.S. securities laws is not vague, as Kraken claims, and provides clear legal guidance. Kraken\u2019s attempt to dismiss the SEC\u2019s lawsuit was previously denied by a federal court in August.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Kraken Expands Into Australia With A Licensed Crypto Derivatives Product<\/a><\/p>\n\n\n\n

SEC Vs Kraken And Other Crypto Companies<\/h2>\n\n\n\n

This legal conflict, which has been going on since November 2023, centers on the SEC's allegation that Kraken has operated as a securities exchange without proper registration since 2018. The commission cautions that if Kraken\u2019s defenses are allowed, the discovery process may be unduly prolonged and burdensome.<\/p>\n\n\n\n

The case comes amid industry speculation that the SEC might revise its crypto regulation stance after Donald Trump\u2019s recent election win, with Kraken co-founder Jesse Powell notably donating $1 million to Trump\u2019s campaign. <\/p>\n\n\n\n

With the SEC pursuing similar actions against other crypto exchanges like Coinbase and Binance, many in the industry view the agency as a \u201cmisguided federal entity\u201d overstepping its legal authority.<\/p>\n","post_title":"SEC Seeks Court Approval To Dismiss Kraken\u2019s Defenses","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sec-seeks-court-approval-to-dismiss-krakens-defenses","to_ping":"","pinged":"","post_modified":"2024-11-08 05:04:55","post_modified_gmt":"2024-11-07 18:04:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19401","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19341,"post_author":"15","post_date":"2024-11-03 19:36:36","post_date_gmt":"2024-11-03 08:36:36","post_content":"\n

Paxos, a blockchain infrastructure company, has introduced <\/a>USDG, a USD-backed stablecoin fully compliant with Singapore's regulatory framework.<\/p>\n\n\n\n

DBS Bank manages the reserves for USDG, and Paxos received approval for the stablecoin from the Monetary Authority of Singapore (MAS) in July. USDG represents Paxos' second locally regulated stablecoin, following the earlier release of its UAE-regulated Lift Dollar<\/a> (USDL).<\/p>\n\n\n\n

Aligning with MAS\u2019s 2023 stablecoin framework, USDG aims to drive stablecoin adoption in Asia\u2019s growing digital economy. Currently launched on the Ethereum blockchain, Paxos plans to extend USDG to other networks, facilitating broader global adoption. The stablecoin\u2019s regulatory compliance is intended to make it a trustworthy choice for crypto-native platforms and traditional institutions that prioritize security.<\/p>\n\n\n\n

To support USDG\u2019s stability, each token is backed 1:1 by USD reserves, including deposits and short-term U.S. government securities. Paxos is expanding its partnerships with exchanges, wallets, and trading platforms to make USDG accessible worldwide. <\/p>\n\n\n\n

See Related: <\/em><\/strong>Australia's First Spot Bitcoin ETF To Launch On June 20<\/a><\/p>\n\n\n\n

Growing Stablecoin In TradFi<\/h2>\n\n\n\n

Stablecoins are emerging as vital in traditional finance (TradFi), with companies like PayPal, Robinhood, and Revolut entering the market. <\/p>\n\n\n\n

PayPal recently completed its first corporate payment using PYUSD, underscoring stablecoins\u2019 potential for seamless transactions. Robinhood and Revolut are also exploring stablecoins, aiming to bridge crypto and traditional financial systems further. <\/p>\n\n\n\n

As stablecoin adoption grows, it could reshape financial transactions, offering TradFi companies a pathway to digital assets and stable, blockchain-based payments. This trend reflects increasing acceptance of stablecoins within regulatory frameworks, promoting stability and utility in the digital economy.<\/p>\n","post_title":"Paxos And DBS Debuts USDG Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paxos-and-dbs-debuts-usdg-stablecoin","to_ping":"","pinged":"","post_modified":"2024-11-03 19:36:43","post_modified_gmt":"2024-11-03 08:36:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19335,"post_author":"15","post_date":"2024-11-03 19:25:30","post_date_gmt":"2024-11-03 08:25:30","post_content":"\n

MicroStrategy, led by Michael Saylor, plans <\/a>to raise $42 billion over the next three years to buy more Bitcoin through its \"21\/21 Plan.\" This initiative aims to gather $21 billion in equity and $21 billion in fixed-income securities. Currently, $42 billion would buy about 578,586 BTC, around 2.7% of Bitcoin\u2019s total supply.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/saylor\/status\/1851718391889043954\n<\/div><\/figure>\n\n\n\n

Phong Le, MicroStrategy\u2019s CEO, highlighted that this plan would boost returns from Bitcoin holdings. From 2025 to 2027, the expected annual BTC yield will be between 6% and 10%. The company\u2019s Bitcoin yield year-to-date is at 17.8%.<\/p>\n\n\n\n

MicroStrategy\u2019s move has sparked reactions across the crypto world. Influencer BitcoinMiningStockGuy is optimistic, noting that $21 billion equals the market cap of all public Bitcoin miners combined. Quant researcher Ryan McGinnis called the strategy \"escape velocity\" for surpassing other companies and possibly even nations in Bitcoin holdings.<\/p>\n\n\n\n

In September, MicroStrategy raised $1.01 billion through a private offering of convertible senior notes, aiming to use part of the funds for Bitcoin acquisition. <\/p>\n\n\n\n

See Related: <\/em><\/strong>MicroStrategy's Bitcoin Holdings Soar To $14.6B After Massive $1.11 Billion Purchase<\/a><\/p>\n\n\n\n

Microsoft Vs MicroStrategy<\/h2>\n\n\n\n

Since 1999, MicroStrategy\u2019s stock has gained over 1,500%, outpacing Microsoft\u2019s 1,460% increase during the same period. <\/p>\n\n\n\n

Microsoft shareholders are set to vote<\/a> in December on a proposal to explore Bitcoin as a balance sheet asset. The National Center for Public Policy Research pushed the initiative, highlighting Bitcoin's potential as a hedge against inflation and noting MicroStrategy's success with Bitcoin investments.<\/p>\n\n\n\n

However, Microsoft's board recommends voting against the plan, stating they already evaluate multiple assets, including Bitcoin. This decision follows previous investments in AI and tech over digital currencies.<\/p>\n","post_title":"MicroStrategy Unveils $42 Billion Plan To Bolster Bitcoin Holdings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-unveils-42-billion-plan-to-bolster-bitcoin-holdings","to_ping":"","pinged":"","post_modified":"2024-11-03 19:25:37","post_modified_gmt":"2024-11-03 08:25:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19335","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19268,"post_author":"15","post_date":"2024-10-27 04:39:13","post_date_gmt":"2024-10-26 17:39:13","post_content":"\n

Software giant Microsoft is set to hold its annual shareholders meeting on December 9 and Bitcoin will be a topic of discussion. According to a recent Securities and Exchange Commission filing<\/a>, shareholders will vote on several proposals, including the \"Assessment of investing in Bitcoin\".<\/em>\u00a0 The board has recommended voting against this proposal.<\/p>\n\n\n\n

An X (formerly Twitter) user mentioned <\/a>that Microsoft shareholders can't easily submit proposals to the Board. They must follow strict \"advance notice\" rules in the company's Bylaws. Additionally, they must meet Exchange Act regulations on owning a certain number of shares for a specific period.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheJesseMK\/status\/1849578158401712553\n<\/div><\/figure>\n\n\n\n

If Microsoft decides to invest in Bitcoin, it would become one of the few U.S. companies to take such a step. This move would highlight the growing acceptance of cryptocurrency among major corporations, especially as many firms remain hesitant. Investing in Bitcoin could also signal Microsoft\u2019s confidence in the digital currency's long-term potential. <\/p>\n\n\n\n

See Related: <\/em><\/strong>EU Banks Reward Shareholders Despite Economic Uncertainty<\/a><\/p>\n\n\n\n

Following MicroStrategy's Bitcoin Playbook<\/h2>\n\n\n\n

MicroStrategy's Bitcoin playbook has sparked interest among companies exploring the potential benefits of investing in Bitcoin. As a pioneer in corporate Bitcoin acquisition, MicroStrategy has shown how substantial investments in digital assets can enhance balance sheets and drive shareholder value. <\/p>\n\n\n\n

The company has solidified its position in the tech space while leveraging Bitcoin as a legitimate investment. This approach has prompted other organizations to reevaluate their asset management strategies and consider integrating Bitcoin into their portfolios. As more firms observe MicroStrategy's success, they may be inspired to follow suit, signaling a broader trend of corporate adoption in the crypto market.<\/p>\n","post_title":"Will Microsoft Embrace Bitcoin? Shareholders To Vote On December","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"will-microsoft-embrace-bitcoin-shareholders-to-vote-on-december","to_ping":"","pinged":"","post_modified":"2024-10-27 04:39:22","post_modified_gmt":"2024-10-26 17:39:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19208,"post_author":"15","post_date":"2024-10-21 00:46:50","post_date_gmt":"2024-10-20 13:46:50","post_content":"\n

PayPal has announced that U.S. customers can now purchase digital coins like Bitcoin and Ethereum through MoonPay using their Venmo accounts. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/moonpay\/status\/1846982624838881435\n<\/div><\/figure>\n\n\n\n

Venmo, a popular mobile payments app owned by PayPal, allows <\/a>users to fund crypto purchases through their account balance, direct bank withdrawal, or debit card. However, this feature is not available for users in New York and Texas.<\/p>\n\n\n\n

This move is part of PayPal's larger strategy to make cryptocurrency more accessible to everyday users. In September, PayPal extended its crypto services to U.S. merchants, enabling them to buy, hold, and sell cryptocurrency from their business accounts. <\/p>\n\n\n\n

See Related: <\/em><\/strong>PayPal Partners With MoonPay To Take Crypto Mainstream In The US<\/a><\/p>\n\n\n\n

PayPal's Growing Crypto Offerings With PYUSD<\/h2>\n\n\n\n

PayPal initiated <\/a>its first corporate payment using PayPal USD (PYUSD).<\/p>\n\n\n\n

Last year, PayPal launched <\/a>its Ethereum-based stablecoin, PayPal USD (PYUSD), pegged to the U.S. dollar. PYUSD now operates on Solana, a major crypto network. In April, PayPal allowed users to exchange PYUSD for dollars to make international payments through its Xoom platform.<\/p>\n\n\n\n

MoonPay, in partnership with Venmo, helps overcome common banking issues with crypto purchases. Many crypto transactions fail due to bank restrictions on debit cards, but the Venmo-MoonPay integration aims to resolve these hurdles, offering a smoother experience for users.<\/p>\n\n\n\n

<\/p>\n","post_title":"PayPal's Venmo Expands Crypto Access Via MoonPay","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypals-venmo-expands-crypto-access-via-moonpay","to_ping":"","pinged":"","post_modified":"2024-10-21 00:46:58","post_modified_gmt":"2024-10-20 13:46:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19208","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19205,"post_author":"15","post_date":"2024-10-21 00:38:53","post_date_gmt":"2024-10-20 13:38:53","post_content":"\n

Eric Council Jr., 25, from Alabama, was arrested <\/a>today for hacking the SEC's X account in January 2024. Council and his accomplices took control of the account through a SIM swap attack.<\/p>\n\n\n\n

They posted a fake message, falsely claiming that the SEC had approved the first U.S. spot Bitcoin ETFs. This caused Bitcoin\u2019s value to spike by $1,000, then drop by $2,000 after the SEC corrected the misinformation.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/SECGov\/status\/1744837121406349714\n<\/div><\/figure>\n\n\n\n

Council now faces conspiracy charges to commit identity theft and access device fraud. <\/p>\n\n\n\n

See Related:<\/em><\/strong> Chinese Intelligence Officers Allegedly Bribe An FBI Agent With BTC Worth $61,000<\/a><\/p>\n\n\n\n

How Did He Hacked The SEC's X Account?<\/h2>\n\n\n\n

The FBI and other agencies are investigating the incident, which highlights the dangers of SIM swapping. In these attacks, criminals fraudulently transfer a victim\u2019s phone number to another device, allowing them to bypass security features like two-factor authentication.<\/p>\n\n\n\n

Using stolen personal information, Council gained access to the SEC\u2019s X account. He then posted the fraudulent message, causing a brief market frenzy. The investigation found that Council was paid in Bitcoin for his role. He also tried to cover his tracks by returning the phone used in the attack.<\/p>\n\n\n\n

Law enforcement emphasized the seriousness of cybercrimes that manipulate financial markets. The FBI and SEC are committed to pursuing and prosecuting those responsible. This case is a reminder to protect personal information, especially in the digital age.<\/p>\n\n\n\n

The investigation continues, and Council is expected to appear in court soon. All defendants are presumed innocent until proven guilty in a court of law.<\/p>\n","post_title":"FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"fbi-arrests-hacker-behind-fake-sec-bitcoin-etf-announcement","to_ping":"","pinged":"","post_modified":"2024-10-21 00:39:04","post_modified_gmt":"2024-10-20 13:39:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19205","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19146,"post_author":"15","post_date":"2024-10-13 15:49:18","post_date_gmt":"2024-10-13 04:49:18","post_content":"\n

Interest in digital asset exchange-traded funds (ETFs) continues to rise, with nearly half of the investors surveyed in a recent report expressing plans to invest in U.S.-based crypto ETFs. <\/p>\n\n\n\n

The report<\/a>, published by Charles Schwab, reveals that millennials and older generations are showing increased interest in these financial products, reflecting a broadening appeal across age groups.<\/p>\n\n\n\n

According to the findings, 45% of respondents plan to invest in digital assets via ETFs in the coming year, a notable increase from 38% the previous year. The report further highlights that ETF investors have become more optimistic about multiple sectors, with a growing number viewing cryptocurrencies as a viable investment opportunity.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/EricBalchunas\/status\/1844381251039527041\n<\/div><\/figure>\n\n\n\n

See Related:<\/em><\/strong> What's Behind The $530M CryptoPunk #9998<\/a><\/p>\n\n\n\n

The Bitcoin ETF Era<\/h2>\n\n\n\n

ETFs are widely used investment tools that allow investors to purchase shares linked to assets like gold and Bitcoin. The U.S. approved Bitcoin spot ETFs in January now hold 951,900 Bitcoin, representing 4.82% of the total Bitcoin supply.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This influx has been largely driven by institutional investors, with many major players buying shares in these ETFs. In the Q3 report, the number of institutions engaged in Bitcoin ETFs rose significantly<\/a>, reflecting growing confidence in the asset. Companies like MicroStrategy, Semler Scientific and Metaplanet have also embraced Bitcoin, incorporating it into their long-term investment strategies.<\/p>\n\n\n\n

<\/p>\n","post_title":"Charles Schwab Survey Says Nearly Half Of Investors Plan To Dive Into Crypto ETFs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"charles-schwab-survey-says-nearly-half-of-investors-plan-to-dive-into-crypto-etfs","to_ping":"","pinged":"","post_modified":"2024-10-13 15:49:26","post_modified_gmt":"2024-10-13 04:49:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19146","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Jeane Claude Vasquez

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