In a significant shift in digital currency strategy, the Reserve Bank of Australia (RBA) has announced its intention to focus on the development of a wholesale central bank digital currency (CBDC) rather than a retail version. This decision stems from considerations of practicality and benefit, as the RBA believes a wholesale CBDC represents an evolutionary […]
MicroStrategy to Raise $700 Million for Bitcoin and Debt Repayment
MicroStrategy, a prominent player in the cryptocurrency space, has unveiled plans to raise $700 million through the issuance of convertible senior notes due in 2028. This strategic move underscores its ongoing commitment to Bitcoin, even amidst the challenges posed by market volatility and significant financial losses. The funds raised will primarily serve two purposes: paying […]