MicroStrategy's stock price has taken a tumble, dropping below its net asset value (NAV) for the first time in two years. This happened as the crypto market faced a sharp decline, with Bitcoin, the company's main investment, losing significant value. The stock price fell below $200, causing the market-to-NAV ratio to drop to 0. 977x. A stock trading below its NAV is...
Wall Street has been quick to jump on the crypto bandwagon, especially when prices were soaring. They rushed to create and sell ETFs linked to altcoins, which are known for their wild price swings and low trading volumes. But the recent crypto crash has shown just how risky these investments can be. The crash wiped out billions of dollars in value, with some altcoin...
This weekend, the crypto world saw some serious drama. Binance, one of the biggest names in the game, had a rough time. Their wallet service went haywire, showing users' balances as zero. This wasn't a glitch in the matrix, but a real issue caused by network congestion. The platform lagged, and users couldn't see their account details or prices. Binance said not to w...
In the wild world of cryptocurrency, a well-known figure named Do Kwon has been making headlines. This 33-year-old South Korean entrepreneur once stood at the helm of a crypto empire with Luna and TerraUSD. But after a disastrous $40 billion crash, he suddenly disappeared. Both the US and South Korea were hot on his trail, accusing him of fraud. After a long game of ...
Haliey Welch, the internet sensation known as the "Hawk Tuah Girl, " has announced she is working closely with lawyers to address the fallout from the $HAWK crypto coin's crash. The coin, named after her viral catchphrase, saw its price plummet soon after its launch. Investors later sued the coin's creators, claiming it was unregistered with the SEC. Despite not bein...