Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms.Since then, however, the company has struggled to find new avenues of growth. Now, the company is following other major corporations’ footsteps and buying cryptocurrency, not only because they believe the price will go up.Hundred-Million Dollar Buy-InToday, Meitu...
Read More »Bitcoin Takes a Nasty Fall Following Weekend Selloff
Bitcoin recently rose as high as $61,000 per unit, thereby reaching a new all-time high. However, it looks like this sudden surge wasn’t designed to last, as the currency dropped over the weekend to a “measly” $56,000, about $5,000 less than where it stood just a few days ago. Bitcoin Has Incurred a Serious Dip What could have possibly contributed to this drop? This is a question, naturally, that’s making its way through the heads of many analysts and industry experts...
Read More »Survey Suggests Many Stimulus Recipients Will Use Money to Purchase BTC
According to a new survey, the latest round of $1,400 stimulus checks being doled out to Americans making less than $75,000 per year could be utilized in some cases to purchase bitcoin and crypto. A New Survey Is Saying Stimulus Checks Will Be Used to Buy Bitcoin For the most part, we have seen this before. The first round of stimulus checks – Swhich were worth around $1,200 each for the specified people – were initially handed out in April and May of last year. Not long...
Read More »Billionaire Howard Marks Regrets His Dismissive Comments on Bitcoin
Billionaire US investors and writer Howard Marks is among the latest prominent individuals to warm up to bitcoin. In a recent interview, he regretted calling the cryptocurrency “unfounded fad” by saying that his comments were a “knee-jerk reaction without information.”Marks Changes his Tune on BTCBeing a relatively new invention aiming to revolutionize the stagnant traditional financial industry, bitcoin was the subject of numerous attacks, neglections, or mere dismissals.However, its...
Read More »Paris : 611 bitcoins vendus aux enchères
L’AGRASC * a vendu aujourd’hui 611 bitcoins saisis dans le cadre d’affaires pénales. Le près de de 500 lots de 0,11 à 20 bitcoins ont été vendu aux enchères, par le biais de la société Kapandji Morhange à Paris. A l’exception de la première enchère de 0,11 bitcoin, emportée au prix délirant de 22 500 € (sans les frais), le prix moyen des ventes, une fois les 14,28% de frais ajoutés, fut au final...
Read More »Le groupe Casino lance un stablecoin adossé à l’euro
En partenariat avec Coinhouse, Nomadic Labs, PwC, Sceme et Société générale, le groupe Casino lance son stablecoin euro, baptisé Lugh* (EURL), qui sera développé sur le protocole Tezos. Chaque EURL est adossé à des euros détenus sur un compte bancaire de la Société Générale. « D’abord réservé aux traders de crypto, il deviendra progressivement un consortium dont l’ambition sera de devenir un moyen de paiement et un programme de...
Read More »Bitcoin-Börse Coinbase an der NASDAQ – mit schwarzen Zahlen
Coinbase verwaltet 20 Milliarden US-Dollar Coinbase als größte Handelsplattform für Kryptowährungen in Amerika will an Tech-Börse NASDAQ in New York. Coinbase ist eines der ersten dezentralen Unternehmen weltweit, wie der Coinbase CEO Brian Armstrong in einem aktuellen Blogpost schreibt. Viele der Mitarbeiter arbeiten auf der Welt verteilt aus dem Homeoffice heraus. Juristisch...
Read More »Wall Street Giant Morgan Stanley to Enable Institutional Clients Access to Bitcoin
Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service. By citing an internal memo sent by Morgan Stanley to its financial advisors, CNBC reported the significant milestone in BTC’s adoption cycle earlier today. The...
Read More »India Is Looking to Move Forward with Its Crypto Ban
Well, after all this talk and chatter, it looks like India is ready to make its cryptocurrency ban official, and anyone who steps out of line will pay penalties and may even serve jail time. India Is Looking at a Full Crypto Ban Soon India has had a very up-and-down relationship with bitcoin and the cryptocurrency space. The country initially banned all crypto businesses from obtaining access to standard financial services back in the year 2018. While trading crypto...
Read More »US Bond 10-Year Treasury Yield Hits 13-Month High Pushing Bitcoin (BTC) under $53K
While Bitcoin takes a dip with the rising bond yields, analysts still remain hopeful that BTC price is all poised to surge from the current levels.The 10-year US Treasury Yield has once again put volatile asset classes like Bitcoin (BTC) under pressure. On Wednesday, March 16, the US Treasury Yield surged to 1.67% hitting its 13-month high. The recent surge comes just two days ahead of the press release of Federal Reserve Chairman Jerome Powell.However, this has put the BTC/USD trading pair...
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