Peter Schiff, a prominent Bitcoin critic, has called on the U.S. Securities and Exchange Commission (SEC) to investigate Michael Saylor and his company Strategy for allegedly promoting a risky investment product called STRC to retirees. Schiff argues that STRC, a perpetual preferred stock linked to Bitcoin, is unsuitable for conservative investors seeking capital preservation and income, labeling it a potential Ponzi scheme. Saylor defends the model, stating it is not a financial pyramid and relies on high market liquidity and strategic Bitcoin purchases to sustain payments. Despite the controversy, Strategy's STRC instrument has regained value and seen increased Bitcoin accumulation, indicating ongoing market interest amid regulatory scrutiny.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
