Gyles (gyles)

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New York prosecutors challenge DCG and CEO Barry Silbert's motion to dismiss case The New York State Attorney General's Office challenged DCG and its CEO Barry Silbert's motion to dismiss the case from prosecution. In February, the department tripled the size of the alleged fraud to more than $3 billion in a case against Gemini, Genesis and Digital Currency Group. Initially, the lawsuit accusing the companies and their management of defrauding 230,000 investors was for $1 billion. In May 2024, Genesis received court approval to distribute $3 billion in fiat money and cryptocurrencies to its creditors.

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🚀 Bitcoin's Gravity-Defying Stunts 🚀 Bitcoin has done it again! Just when you thought it was settling down, it's pulled off another gravity-defying stunt. This time, it’s not just aiming for the Moon but setting its sights on Mars! If Bitcoin had a superhero alias, it would definitely be "The Rocket Coin."

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MicroStrategy CEO Michael Saylor spoke today at a global crypto conference in Prague. The expert presented a report “21 Rules of HODLing Bitcoin”. Saylor raised very important questions and talked about strategies for managing investments in a volatile global environment. Along the way, he shared a very optimistic forecast regarding the prospects for Bitcoin. According to him, at some point the asset could reach an impressive $8 million. He noted that those who understand Bitcoin do not criticize it. The specialist also reflected that in 2013 he was an outspoken critic of the cryptocurrency industry. However, his point of view gradually changed as the flagship digital coin actually demonstrated extraordinary stability. Saylor's journey from outright skepticism to Bitcoin advocacy demonstrates the general path investors take. It is not uncommon in the market for bidders to move from doubt to strong support.

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