SEC Objects To MicroStrategy Accurately Valuing Its Billion-Dollar Bitcoin Stash

MIAMI, FLORIDA – JUNE 04: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention (Photo by Joe Raedle/Getty Images)Getty Images What Happened MicroStrategy has been purchasing bitcoin since 2020 as a part of its capital allocation strategy. The company holds over 120,000 BTC as of the end of December 2021. As


Bankrupt Crypto Lender Celsius Could Leave Customers Last In Line To Get Paid

Alex Mashinsky, chief executive officer of Celsius NetworkPhotographer: Dania Maxwell/Bloomberg© 2018 Bloomberg Finance LP What Happened Earlier this month, crypto lender Celsius Network filed for Chapter 11 bankruptcy protection in federal court the Southern District of New York. The filing was not a surprise to many familiar with the company’s


Coinbase Is Ready To Challenge The SEC

Brian Armstrong, founder of Coinbase, photographed for Forbes by Jamel Toppin in January 2020.Jamel Toppin/The Forbes Collection What Happened The Department of Justice (U.S. Attorney’s Office for the Southern District of New York) announced charges yesterday against Ishan Wahi, a former product manager at Coinbase, his brother, Nikhil Wahi, and


A Landmark NFT Lawsuit Seeks To Determine How Creators, Owners, And Investors Can Protect Their Intellectual Property And Monetize Assets Moving Forward

NEW YORK, NEW YORK – JUNE 20: Billboards display Bored Ape Yacht Club NFT art in Times Square during the 4th annual NFT.NYC conference on June 20, 2022 in New York City. (Photo by Noam Galai/Getty Images)Getty Images What Happened Yuga Labs, the creator of the popular Bored Ape Yacht


Biden Administration’s 2023 Tax Policy Includes Many Key Changes For Crypto Traders And Investors

President Joe Biden speaks about the March jobs report in the State Dining Room of the White House, Friday, April 1, 2022, in Washington. (AP Photo/Patrick Semansky)ASSOCIATED PRESS What Happened On March 28th, 2022, the Department of Treasury issued the 2023 Fiscal Year Revenue Proposal (The Green book) outlining a