Tag: Firm

Crypto trading firm warns of ‘classic bull trap’ as Bitcoin tags $82.7K

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Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns. In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the latest crypto price rebound. QCP: Chinese “countermeasures” may leave crypto bulls stranded Bitcoin and altcoins joined global stock markets in rallying over the past 24 hours thanks to a decision by US President Donald Trump to pause many of his new trade tariffs. China was a clear exception to the policy,…

Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group’s purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the…

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off

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Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500. The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest drop on record, surpassing the $3.3 trillion decline in March 2020 during the initial wave of the COVID-19 pandemic, according to an April 5 report by Reuters. The record sell-off occurred after US President Donald Trump announced his reciprocal import tariffs on April 2.…

US court fines UAE crypto firm CLS Global $428K for wash trading

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Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global. A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office. In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years. CLS Global, a crypto market maker registered in the United…

Japanese Gaming Firm Enish Invests 100 Million Yen in Bitcoin

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Enish, a Tokyo Stock Exchange-listed gaming company, has announced the purchase of 100 million yen ($660,000) worth of bitcoin. The investment aligns with the company’s strategy to deepen blockchain integration in game development and diversify financial assets. Enish Strengthens Blockchain Game Development With Addition of Bitcoin to Financial Strategy Japanese game developer Enish Co. has […] Original

New ‘MemeStrategy’ Bitcoin firm by 9GAG, jailed CEO’s $3.5M bonus: Asia Express

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9GAG’s meme mogul goes Bitcoin The creator of meme culture pioneer 9GAG is diving headfirst into Bitcoin and blockchain, acquiring a publicly listed Hong Kong company with plans to turn it into a crypto and AI venture. 9GAG CEO likens crypto downturn to dot-com crash. (Ray Chan, screenshot edited for space) Ray Chan, co-founder of 9GAG, has acquired a controlling stake in Howkingtech International Holdings Limited and plans to convert the company into a Web3 outfit. Chan has proposed renaming the firm to MemeStrategy, a nod to MicroStrategy (now Strategy),…

US lawmakers press SEC for info about Trump family-backed crypto firm

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Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family. In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump’s ties to World Liberty Financial (WLFI). The two lawmakers suggested the SEC may be…

Indian IT Firm Jetking to Raise Funds for Bitcoin Treasury Expansion

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Jetking Infotrain Limited, a Mumbai-based IT education firm, announced plans Wednesday to raise ₹6.6 crore ($793,000) through a preferential share issue to expand its bitcoin reserves and fund cryptocurrency-related initiatives, Chief Financial Officer Siddarth Bharwani confirmed. Jetking Doubles Down on Bitcoin With Preferential Share Issue for Crypto Acquisition The board-approved “Strategic Fund Raise” aims to […] Original

Social platform 9GAG acquires Hong Kong-listed firm to buy Bitcoin, double down on AI

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9GAG has reportedly taken control of Hong Kong-listed Howkingtech, which may be rebranded as MemeStrategy to explore AI, cryptocurrencies, and creator economy opportunities. Ray Chan, the co-founder of 9GAG, a popular meme-sharing and news site, is said to have taken charge of Howkingtech International as part of a plan to expand into AI, cryptocurrencies, and web3. A regulatory filing with the Hong Kong Exchanges and Clearing Limited reveals that the purchase of Howkingtech involves a maximum cash consideration of HK$79,649,599 (about $10.2 million), assuming all share options are exercised before…