Tether Held to Ransom
The stablecoin issuer Tether has revealed that it is being threatened by an extortionist. On Twitter, the company said that it is being told to pay 500 BTC... or else documents will be leaked to the public. Striking an adamant tone, Tether said it’s refusing to pay up — adding those seeking to harm the company are getting "increasingly desperate."
Big Adoption News in Japan
Japanese e-commerce giant Rakuten had announced that it’s going to allow its users to top up their Pay accounts with crypto. This is a big deal considering the app is supported by big brands including McDonald’s and 7-Eleven. Rakuten has an estimated 95 million users, and it’s been described as Japan’s answer to Amazon.
MicroStrategy Buys More BTC
MicroStrategy has purchased even more Bitcoin. Days after splurging $1 billion on crypto, the business intelligence firm has bought 328 more BTC for $15 million. The company now owns 90,859 BTC — worth a staggering $4.45 billion at current market rates. It’s believed it’s sitting on close to $2 billion in profit after being an early institutional adopter.
Comments