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“# Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase ” Hong-Kong tech company Meitu has taken the total value of its cryptocurrency holdings to approximately $100 million, after the firm disclosed the purchase of an additional $10 million worth of Bitcoin (BTC) on April 8. Meitu HK, the wholly-owned Hong-Kong…
“# Ledger faces class action from phishing scam victims ” Ledger and Shopify have been hit by a class action lawsuit over a major data breach that saw the personal data of 270,000 hard wallet customers stolen between April and June 2020, Phishing scam victims John Chu and Edward Baton filed the lawsuit in California…
“# Fidelity’s Tom Jessop says crypto has hit a ‘tipping point’ ” Executives at investment giant Fidelity are confident that cryptocurrency market momentum will continue for the foreseeable future. Speaking to MarketWatch on April 8, Tom Jessop who heads the investment firm’s crypto division said that he believes crypto has opened a new chapter in…
“# Mati Greenspan warns SEC’s latest action could threaten future of all cryptocurrencies ” Quantum Economics founder Mati Greenspan has warned the SEC’s latest action against decentralized content platform LBRY could threaten the future of all cryptocurrencies. According to the complaint filed by the SEC on March 29, LBRY is alleged to have offered and…
“# Robinhood’s crypto business explodes in the first quarter despite GameStop controversy ” Robinhood, a popular trading app targeting millennials and other inexperienced investors, has become a major hub for cryptocurrencies, offering further evidence that digital assets are garnering mainstream appeal. The company reported Thursday that 9.5 million users traded digital assets on its platform…
“# NYDIG raises $100 million and launches ‘Bitcoin-powered’ insurance initiative ” New York Digital Investment Group announced the completion of a growth capital funding round as well as the launch of a business initiative relating to Bitcoin. In an announcement today, the New York Digital Investment Group, or NYDG, said it had secured $100 million…
“# Alliance of major firms aims to reduce crypto’s carbon footprint ” A group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency. In an announcement today, the Crypto Climate Accord — reportedly inspired by the 195-signatory Paris Climate Agreement…
“# DeFi’s money markets are finally luring in institutional investors ” Bitcoin’s bull run from last year has caused even some of its biggest skeptics to soften their stance. From economists to hedge fund managers, the world is opening itself up to technology, and at the center of this movement is decentralized finance, or DeFi….
“# Kraken reiterates tentative plans for direct listing next year ” Kraken, one of the world’s largest cryptocurrency exchanges, has tentative plans to go public next year, according to CEO Jesse Powell. Powell appeared on a segment on CNBC after Kraken published record-breaking fourth-quarter results, including a surge in trading volumes and new client signups….
“# Reef Finance aims to simplify DeFi investing through Baskets protocol ” Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies. Reef Baskets V1 is described as an “Ethereum-based framework for deploying collections of DeFi tokens” and…