Month: March 2021

Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers

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The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight Against the Usage of Cryptos for Illicit Purposes According to a transcript … Read more

Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

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Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America … Read more

Chinese Public Company Meitu Buys More Bitcoin — Treasury Now Holds $90 Million in Cryptocurrencies

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One of China’s top internet app makers, Meitu Inc., has purchased more bitcoin for its treasury. The company now holds about $90 million in cryptocurrencies. Meitu is listed on the Hong Kong stock exchange and its flagship app has more than 1 billion users worldwide. Chinese Publicly Traded Company Increases Bitcoin Holdings in Its Treasury … Read more

US Court Sentences Bitcoin Scammer to 3 Years in Prison After Massive Twitter Hack to Promote BTC Scam

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The mastermind behind a large-scale Twitter hack to promote a bitcoin giveaway scam has pleaded guilty and been sentenced to three years in prison. During the hack, a number of high-profile companies, politicians, and celebrities saw their accounts taken over to promote the cryptocurrency scam. Graham Ivan Clark, the Florida teen who hacked prominent Twitter … Read more

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