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Group One – a proprietary trading firm – has purchased options to buy 1.3 million shares of MicroStrategy (MSTR) worth $240 million, per a recent Securities and Exchange Commission (SEC) filing. 

As reported by Bloomberg on Tuesday, the purchase would account for a 13.5% stake in MicroStrategy, whose executive chairman is the Bitcoin booster, Michael Saylor. 
Group One is a market maker and liquidity provider for U.S. equity options and other securities. 
MicroStrategy is an enterprise software company famous for being one of the world’s single largest holders of BTC. The company owns over 131,000 coins, while Saylor personally owns another 17,000. 
Given its massive exposure to the asset, MSTR has become a proxy for U.S. investors seeking exposure to Bitcoin. The United States currently lacks a Bitcoin spot ETF, meaning formal avenues for gaining direct exposure are limited for U.S. investors. 
As such, MSTR was also a victim to Bitcoin’s tumultuous 2022, declining 74% across the year.
MicroStrategy suffered a $1 billion impairment loss on its Bitcoin in Q2 2022. Michael Saylor relinquished his position as CEO around this time, but the company remained committed to its Bitcoin strategy. 
The firm conducted its first-ever Bitcoin sale late last year for 704 BTC, but only to generate a tax benefit by purchasing those coins back only days later. Nevertheless, this technically constitutes a broken promise from Michael Saylor that MicroStrategy would never sell its coins. 

The post Group One Acquires 13.5% Options Position in MicroStrategy appeared first on CryptoPotato.

The market maker spent $240 million on the Bitcoin-exposed software company. 

cryptopotato.com

Group One Acquires 13.5% Options Position in MicroStrategy

Bitcoin is becoming one of the top cryptocurrencies demanded by cybercriminals in exchange for information they steal from companies.
In the auto manufacturing industry, data security issues have become a major concern.
As companies allocate large amounts of money to fortify their defenses, so do the bad guys who also employ the latest tech to get what they want.
On Tuesday, cybercriminals broke into NIO Inc’s database and acquired user and vehicle sales information, the company said, as reported by various news outlets.
Hackers On The Move To Get Their Bitcoin
The incident marks the latest move by bitcoin hackers to infiltrate databases of the global auto industry.
NIO, based out of Shanghai, is a Chinese multinational company that focuses on the design and development of electric cars.
As information is vital to any company’s reputation and security, owners will do everything in their power to prevent an untoward incident from blowing up and causing more damage.
This includes agreeing to demands by paying ransom money in the form of crypto to hackers so that sensitive information don’t fall into the wrong hands.
For NIO’s part, the company says it strongly opposes submitting to hacker demands and instead reported the matter to the authorities.


The $2.25 Million BTC Blackmail
According to NIO, the hackers are demanding $2.25 million worth of Bitcoin (BTC) via email for the stolen data. Failure to pay would result in the information being released to the public.
In a statement, NIO said:
“The company strongly condemns such unlawful acts and will not bow down to cyber crimes.” 
NIO said it deeply regrets the incident and vowed to take accountability for any potential damages to customers.
A portion of the car manufacturer’s user and vehicle sales data prior to August last year was compromised, according to an internal inquiry.
The demand for Bitcoin ransom comes regardless of the fact that China has outlawed cryptocurrency transactions. In addition, the use of cryptocurrency for ransom has surfaced as a regulatory problem.



Will Banning Crypto Solve The Problem?
NIO is a key rival of American electric car builder, Tesla Inc, which is led by its CEO Elon Musk.
The Shanghai-based stock was down almost 5% during early morning trade but has since recovered some of its losses, and is now up more than 3%. NIO stock, valued at nearly $20 billion, is down 60% year to date.
One major drawback of paying a bitcoin ransom is that it encourages criminals to improve their techniques, thus strengthening the ability of ransomware gangs to hit more prominent targets.
However, there is a lot of debate in the cyber security community about whether or not outlawing cryptocurrencies is the best way to prevent criminals from wreaking havoc on the automotive and other industries.


Bitcoin is becoming one of the top cryptocurrencies demanded by cybercriminals in exchange for information they steal from companies. In the auto manufacturing industry, data security issues have become a major concern. As companies allocate large amounts of money to fortify their defenses, so do...

bitcoinist.com

Bitcoin Blackmail: Hackers Demand $2 Million In BTC From Chinese Electric Car Maker NIO

A hacker just exploited the Solana (SOL)-based automated market maker (AMM) Raydium (RAY) for more than $4.3 million in crypto.
Raydium first acknowledged the hack on Twitter on Friday morning.

“An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known. Initial understanding is owner authority was overtaken by attacker, but authority has been halted on AMM and farm programs for now.”
Later in the day, Raydium said it was working with third-party auditors and teams across the smart contract platform Solana to figure out additional details about the hack. According to Raydium, they put a new patch in place to prevent further exploits from the bad actor.
Says the project,
“As an immediate solution, previous owner authority has been revoked and all program accounts have been updated to new hard wallet accounts. As such, the attacker no longer has access authority and is no longer able to exploit the pools.
 If the attacker returns the funds, 10% of the total amount will be offered and considered as a white-hat bug bounty. The attacker is encouraged to reach out through normal channels or via the below address.
0x6d3078ED15461E989fbf44aE32AaF3D3Cfdc4a90″
Raydium says the hacker was able to siphon approximately $4.3 million worth of stablecoins and other crypto assets from five different pools.
Raydium’s native token is trading at $0.151 at time of writing. The 531st-ranked crypto asset by market cap is down almost 15% in the past 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Art Furnace/Akif CUBUK
The post Hacker Exploits Solana-Based Project Raydium for Over $4,300,000 As the Protocol’s Native Token Slumps appeared first on The Daily Hodl.


A hacker just exploited the Solana (SOL)-based automated market maker (AMM) Raydium (RAY) for more than $4.3 million in crypto. Raydium first acknowledged the hack on Twitter on Friday morning. &#8220;An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as ...

dailyhodl.com

Hacker Exploits Solana-Based Project Raydium for Over $4,300,000 As the Protocol’s Native Token Slumps

Population: One has been a pretty big hit on Quest and PC VR headsets since it first released two years ago, easily making it VR’s most popular battle royale. Now Meta-owned developers Big Box are getting ready to launch a set of maker tools in the game’s long-awaited sandbox mode.

Population: One’s sandbox mode is heading into early access tomorrow, December 14th, and is set to bring a ton of user-generated maps and modes to the game. At launch, Big Box say there will be “more than 1,000 community-built games” available to explore.
According to an interview with Shacknews, the new mode will include a number of world templates to get you started building, including:

Foothills Template: This template is more flat, predominantly grass and has the closest lighting and setting to our Battle Royale game.
Snow Template: This template has a snow aesthetic and a main mountain feature for players to build on.
Moon Template: This template takes place on the Moon, in space. It’s the perfect environment to try out the new low gravity settings!


Coming as a free update to the base game, sandbox mode joins a host of other battle modes, including Battle Royale, Team Deathmatch with customizable loadouts, War mode (12v12), Legions mode (6v6v6v6), Metro Arena (3v3v3v3), Co-Op Bot Battle, Training Park practice, and a social hub.
Population: One is available on Steam and the Meta platform for Rift, Quest, Quest 2, and Quest Pro, priced at $30.



Population: One has been a pretty big hit on Quest and PC VR headsets since it first released two years ago, easily making it VR’s most popular battle royale. Now Meta-owned developers Big Box are getting ready to launch a set of maker tools in the game’s long-awaited sandbox mode. Population: On...

roadtovr.com

VR’s Most Popular Battle Royale is Getting a New Sandbox Mode This Week

[PRESS RELEASE – Please Read Disclaimer]
In September of this year, blockchain media outlet, Cointelegraph reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its average daily trading volume has reached an increase of 1,200%.
MEXC
[Users first, MEXC’s Changing for you] has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back to MEXC’s futures users. The activity starts on December 1st.
It is understood that to date, among the mainstream cryptocurrency trading platforms, MEXC is the only platform in the world that offers zero maker fee for futures pending orders. Andrew Weiner, VP of MEXC, said: “In 2022, we will focus on optimizing futures products and basic liquidity according to users’ needs. Presently, our liquidity has reached rank 1 globally amongst the top 50 trading platforms by market value.”
Since Q4 of 2018, MEXC has consistently launched and upgraded their futures products. In October 2022, MEXC upgraded the futures products and launched the second-level K-line function. These upgrades not only gave users a better trading experience but also met users’ needs for more timely and intuitive transaction information – allowing users to experience real-time prices, trading volume, order depth, and more exciting and technical features.
In terms of consistently engaging with MEXC users, MEXC regularly launches Futures M-Day, Super X-Game, Contract Carnival Week, and other user-friendly activities that bring various rewards and bonuses to their users. This ‘Zero Maker Fee’ Event is a unique and one of many long-lasting and high-level activities featured on the platform.
MEXC’s perpetual contract has launched more than 169 tokens and 179 trading pairs now, covering multiple focuses such as public chain, cross-chain, Layer 2, DeFi, and other sectors. MEXC’s perpetual contract is the fastest performing function run on the entire network. It has the most abundant derivatives that can be traded, providing each user with various and precise choices.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop services such as futures, spot, ETF, NFT Index, etc., serving 10 million users worldwide with the philosophy of 「Users first, MEXC’s Changing for you」. For more information, please visit the MEXC official website.
The post MEXC Global Becomes 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Please Read Disclaimer] In September of this year, blockchain media outlet, Cointelegraph reported that cryptocurrency trading platform MEXC has ranked as the world&#8217;s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its avera...

Maker price	$673.83
Low - High 24H	$654.66 - $676.58
Market cap	$608.34M
Volume 24H	$17.20M
All time high	$6,292.31 -89.28% May 3rd 2021
All time low	$168.36 300.78% March 16th 2020
Genesis date	N/A

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