Scammers Impersonate the US Department of State, MicroStrategy Buys-Sells-Buys Bitcoin, Midas Investments Closes Doors Due to Major Losses

Source: AdobeStock / beeboys

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Security news

  • The US Oregon Division of Financial Regulation (DFR) warned crypto investors to be careful of various scams within the crypto space, such as a recent one involving a website claiming to be managed by the US Department of State. The fake website said it was working to get FTX customer assets returned to them and asked for the investor’s FTX username and password, along with other account information.

Investment news

  • Technology company MicroStrategy purchased approximately 2,395 Bitcoin (BTC) for $42.8 million in cash at an average price of approximately $17,871 per bitcoin, between November 1 and December 21 through its MacroStrategy subsidiary, according to a US Securities and Exchange Commission (SEC) filing. On December 22, it sold BTC for the first time, approximately BTC 704 for $11.8 million, planning that the loss would offset previous capital gains. On December 24, MacroStrategy acquired another BTC 810 for $13.6 million, at an average price of approximately $16,845 per bitcoin, it said.
  • Investment firm Midas Investments is shutting down its platform after suffering significant losses in 2022, according to an announcement. In the spring of 2022, Midas decentralized finance (DeFi) portfolio suffered a…

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