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Strategy halts Bitcoin buys as financing tools falter, sparking Peter Schiff's 'Ponzi' claims before May 5 earnings.

Market News
03 May 2026
UToday
View Source
Bearish
pluang ai news

MicroStrategy paused its Bitcoin purchases due to its preferred stock (STRC) trading below par and a strategic hold on equity sales ahead of its May 5, 2026 earnings call. This pause exposed vulnerabilities in the company's Bitcoin acquisition model, leading critic Peter Schiff to label it the "most obvious Ponzi scheme" because it relies on Bitcoin's price rising above 11.5% annually to cover dividends. Strategy's CEO defended the approach as transparent and backed by on-chain assets, but Schiff argued transparency doesn't negate the pyramid-like structure. Despite the pause, Strategy holds over 818,000 BTC at an average price below current market levels, keeping the portfolio profitable.

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Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea raises €12M to launch AI tools enhancing audit quality and efficiency for firms in UK, US, and Germany.

Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...

Others
Bullish
58 minutes ago
Cortea raises €12M to help auditors use AI without losing quality

Cortea raises €12M to help auditors use AI without losing quality

Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...

Company Fundamentals
Bullish
58 minutes ago
Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong launches 'Summer Fun' with events, discounts, and exclusive offers to boost tourism this summer.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...

Market News
Bullish
1 hour ago
Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong launches "Summer Fun" with citywide events and massive deals through August.

Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...

Market News
Bullish
1 hour ago
XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer named to FXC Intelligence’s Top 100 Cross-Border Payments Companies for 2026 again

XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...

Market News
Bullish
1 hour ago
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