Features Crypto News by Thebittimes.Com

The higher MicroStrategy (MSTR) climbs, the more eyes it attracts. As the company’s market capitalization has swelled, veterans of finance are questioning its growth prospects — including some of its fans’ unique or redefined financial terms. For example, a chartered financial analyst created a video questioning whether MicroStrategy’s supposed “bitcoin (BTC) yield” metric might have pyramid scheme mechanics. Many other critics have called the Michael Saylor-led BTC acquisition company a type of pyramid scheme. Unlike a pyramid scheme, however, MicroStrategy doesn’t guarantee returns, distribute dividends, promise earnings from equity investment, or make any payouts to later investors from the proceeds of earlier investors. Still, some critics are simply convinced that something must be wrong. Indeed, Ben Hunt laughed at a MicroStrategy investor redefining a conservative, 5% interest on cash equivalents as meaningful “earnings.” Casting the clai...

The U.S. Securities and Exchange Commission (SEC) accuse s the founders of the HyperFund crypto project of running a fraud operation that took more than one million form unwitting investors. Information about this appeared on the regulator’s website. According to the SEC, the scammers offered investors the opportunity to invest in highly profitable mining operations. They created a cryptocurrency exchange that attracted investments for Bitcoin (BTC) mining and launched a metaverse project. However, the organizers made payments from funds raised from new investors. In total, the attackers managed to collect $1.7 billion in assets from unsuspecting investors. In addition to fraud, the founders of HyperFund are accused of illegally offering securities. Despite the scale of the scam, organizer Sam Lee, an Australian citizen, faces a maximum sentence of five years. Burton, known as Bitcoin Rodney, will receive the same amount. The third defendant (Bitcoin Beautee), Brenda Chunga, will...