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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…
“# 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…
“# Signal under fire over MobileCoin partnership ” Controversy surrounds Signal’s recently announced MobileCoin integration, with users expressing concerns over ties between Signal’s founder and the cryptocurrency, opacity surrounding the coin’s issuance, and suspicious gains leading up to the partnership’s announcement. Signal is an encrypted messaging application that has been embraced by the privacy and…
“# Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage ” Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using…
“# Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO ” Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as…
“# 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…
“# 1inch, Celsius (CEL) and PancakeSwap (CAKE) rally as traders return to DeFi ” Bitcoin’s (BTC) range-bound action since its breakdown at the $61,000 level has confused analysts. Some are projecting that a sharper correction could be in development while others remain steadfast in their belief that the uptrend will resume shortly. According to data from Ecoinometrics,…
“# 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…
“# State Street to provide tech for institutional Bitcoin trading platform ” State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a forex technology provider owned by State Street, has entered into an agreement with…
“# The chicken or the egg: Why NFTs could be fungible after all ” Among the many offshoots produced as a bi-product of the ongoing cryptocurrency experiment, nonfungible tokens have turned out to be one of the most explosive. In a few short months, over half a billion dollars worth of NFTs changed hands, as…