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Today in crypto, a Hong Kong lawmaker has proposed adding Bitcoin to the special administrative region’s national reserve for “financial security,” blockchain sleuth Taylor Monahan has warned of a new fake job offer scam that can inject particularly “nasty” malware, and MicroStrategy’s Michael Saylor hints at another Bitcoin purchase.
Hong Kong legislator proposes adding Bitcoin to national reserves
A Hong Kong legislator wants the special administrative region to take advantage of China’s “one country, two systems” policy to include Bitcoin in its national reserve for financial security.
Wu Jiexhuang, a member of Hong Kong’s Legislative Council, told state-owned newspaper Wen Wei Po that Hong Kong could study the market impact of United States-based spot Bitcoin BTC $ 93,207 exchange-traded funds (ETFs).
Jiexhuang pointed to smaller nations, such as El Salvador and Bhutan, which have integrated Bitcoin into their strategic reserves, as well as certain US states. He added that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could have a significant impact on traditional markets.
According to Jiexhuang, Hong Kong’s authorities should make good use of the “one country, two systems” and first try including Bitcoin in ETFs before further exploring ways to increase Hong Kong’s Bitcoin holdings.
Crypto hackers take new spin on fake job scam, dropping “nasty” malware
Crypto hackers have reportedly found a slick new way of tricking their victims into downloading “nasty” malware — which can grant hackers access to a victim’s computer and drain their wallets, or do other significant damage.
According to blockchain sleuth Taylor Monahan, known as Tay on X — the hackers would first pose as a recruiter from a reputable crypto firm offering their target a $200,000 to $350,000 salary.
However, instead of enticing the target to open a PDF containing malware, or getting a victim to download video-call software disguised as malware, the method involves having the victim follow instructions to fix a microphone and video access issue to inject malware.
Monahan said the malware provides the attackers with “backdoor” access to the victim’s devices and potentially drain their crypto funds.
“Ultimately they’ll rekt you via whatever means are required,” she added, noting that the malware attacks work for the Mac, Windows and Linux operating systems.
Saylor hints at another Bitcoin purchase
MicroStrategy co-founder Michael Saylor hinted the company would acquire more Bitcoin by posting the chart from the SaylorTracker website to his followers on X.
The company recently completed the purchase of 5,200 Bitcoin, at an average price of approximately $106,000 per coin, and called a special shareholders meeting in December 2024 to discuss issuing more shares to finance the acquisition of BTC.
More specifically, MicroStrategy wants to raise the limit of Class A common stock from 330 million shares to 10.3 billion shares.
Additionally, the company seeks to raise the number of preferred stock from 5 million shares to over 1 billion shares — drawing mixed reactions from the investment community.
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