Michael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves.Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission.This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday.Strategy disclosed the sale of 32 Bitcoin in early June, as its first reported Bitcoin sale since the 2022 tax-loss transaction. On its June 29 8-K filing, Strategy…

Thousands of crypto wallets are at risk of being drained due to the use of weaker-than-intended recovery phrases, an exploit that Blockchain security research firm Coinspect has dubbed “Ill Bloom.”The wallets at risk span Bitcoin, Ethereum, Polygon, Rootstock, Tron and Solana, Coinspect said in a disclosure on Sunday, with the issue related to weak randomness — an insecure pseudorandom number generator — used during recovery phrase generation on certain software wallets. “If funds recently moved without your permission, this vulnerability may be why,” Coinspect said. The vulnerability has impacted wallets generated as early as 2018 and more often occurs in lesser-known mobile…

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