Shares of MicroStrategy (MSTR) fell by 7.3% to $272.07 after the company announced it expects a loss in the first quarter due to a drop in the value of its cryptocurrency holdings. The firm reported a staggering $5.9 billion unrealized loss for the quarter ending in March. Despite this, a projected income tax benefit of ...
In Lincoln, Nebraska, two brothers, aged 76 and 77, fell victim to a cryptocurrency scam, losing over $1.36 million. The fraudulent scheme, which began in November 2024, involved a scammer promising to invest their money in stocks and cryptocurrency. The deception came to light when the stock Market dropped, and the brothers attempted to withdraw ...
State Senator Mark Walker has introduced a new bill to combat cryptocurrency fraud in Illinois, where more than $163 million was lost in 2023 alone. The proposed Digital Assets and Consumer Protection Act, or Senate Bill 1797, aims to establish stricter regulations for crypto companies. Walker stated that while digital assets offer financial opportunities, they ...
