MicroStrategy Takes $205M Bitcoin-Backed Loan to Buy More Bitcoin

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The world’s biggest corporate Bitcoin evangelist, Michael Saylor, is maximizing MicroStrategy’s already substantial holdings of 125,051 bitcoins (~$6 billion). As of March 29th, Silvergate Bank issued a $205 million loan to MacroStrategy, a subsidiary […]

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Kimchi Premium Negative in S.Korea as Trading Drops 140% After New Rules

Neither the author, Kingsley Alo, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For the first time in several years, South Korea’s “Kimchi Premium” turned negative following a drastic drop in local demand for digital assets. Data provided by Kaiko shows that the usual gap between crypto […]

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Indian Government Recovers $12.6M in Unpaid Taxes from Crypto Exchanges

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Nearly two months since the Government of India introduced a flat crypto tax rate of 30%, it’s revealed that the nation’s crypto exchanges paid the cost of increased scrutiny. On March 28th, the Indian […]

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How South Korea’s New Regulations Could Cripple DeFi and Crypto Anonymity

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. As of this Friday, South Korean exchanges and DeFi platforms are in a bit of a mess. The South Korean Government started enforcing guidelines pushed forward by the Financial Action Task Force (FATF) last […]

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