Michael Saylor’s Bitcoin Playbook Backfires on 100+ Companies

Over 100 publicly traded companies that adopted Michael Saylor’s Bitcoin treasury model now face a 43% median stock decline as massive debt obligations collide with crypto holdings that generate no cash flow to service payments.
The post Michael Saylor’s Bitcoin Playbook Backfires on 100+ Companies appeared first on Cryptonews. …

Korea to Treat Crypto Exchanges Like Banks After Upbit Hack

South Korea is moving to treat major crypto exchanges like traditional banks following November’s $30.1 million Upbit hack, with planned regulations requiring platforms to compensate users for security breaches and system failures regardless of fault.
The post Korea to Treat Crypto Exchanges Like Banks After Upbit Hack appeared first on Cryptonews. …