Strategy’s Michael Saylor says selling bitcoin to fund dividends is ‘inconsequential’

When Strategy (MSTR), the largest public company holding Bitcoin, first floated the idea of ​​selling its Bitcoin reserves to fund its dividend obligations during a recent earnings call, it caused concern among investors and the crypto community. However, executive chairman Michael Saylor sat down with CoinDesk senior analyst James Van Straten at the Consensus conference…

Read More

Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout

Bitcoin is currently trading above $80,000 after recovering from Friday’s losses, but the rebound still looks more like a market testing resistance rather than a decisive move higher, according to CoinDesk market data. Market observers say the market structure is more complex than just price. Buyers have become more active on the back of Bitcoin’s…

Read More

Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing

Legislation that could fully integrate the U.S. cryptocurrency industry into the regulated financial system has emerged in its latest form, with the Senate Banking Committee releasing the text of a market structure bill just after midnight on Tuesday before moving forward with the effort at hearings this week. The latest version isn’t expected to bring…

Read More

How Republicans are winning the war over US congressional redistricting, state by state

Joseph Akers May 11 (Reuters) – Several Republican-led states in the South are scrambling to redraw congressional maps ahead of November midterm elections to help preserve the Republican Party’s slim majority in the U.S. House of Representatives, the latest round in a year-long battle over redistricting across the country. The political war began last summer,…

Read More

How Republicans are winning the war over US congressional redistricting, state by state

Joseph Akers May 11 (Reuters) – Several Republican-led states in the South are scrambling to redraw congressional maps ahead of November midterm elections to help preserve the Republican Party’s slim majority in the U.S. House of Representatives, the latest round in a year-long battle over redistricting across the country. The political war began last summer,…

Read More