Meitu now holds $100 million in BTC and Ether after latest Bitcoin purchase
The tech company has been on a buying spree of late, racking up $100 million worth of Bitcoin and Ether. Go to Source Powered by WPeMatico
Month: April 2021
Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US
According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because … Read more
Ledger faces class action from phishing scam victims
Ledger and Shopify are facing a class-action lawsuit over sensitive information regarding 270,000 of Ledger’s customers’ that was stolen by Shopify employees. Go to Source Powered by WPeMatico
GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV).” This, in turn, offers stockholders confidence “in the sponsor’s ability … Read more
‘ETH has outperformed BTC by 250% since inception’: Raoul Pal triggers debate
Real Vision’s Raoul Pal believes that altcoins with an active ecosystem of devs and apps will likely beat out Bitcoin over time. Go to Source Powered by WPeMatico
DeFi Yield Protocol (DYP) Witnesses Massive Growth Following Binance Smart Chain Integration
DeFi Yield Protocol (DYP) continues to attain popularity within the decentralized finance sector. Since the launch of the staking dAPP three months ago, DYP Protocol has experienced massive growth in its community. DeFi Yield Protocol The yield farming platform has over $39 million locked in its ETH staking contract and has paid 7,064 ETH worth … Read more
Signal under fire over MobileCoin partnership
Signal is facing criticism over its integration with MobileCoin, with eyebrows raised over a 450% increase in the price of MOB ahead of the announcement. Go to Source Powered by WPeMatico
Fidelity’s Tom Jessop says crypto has hit a ‘tipping point’
Rock bottom interest rates and fiscal stimulus has driven momentum in the crypto sector the Fidelity executive said. Go to Source Powered by WPeMatico
Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage
The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a ‘weapon’ of China (but no one cares), and CZ’s net worth rises to $1.9 billion. Go to Source Powered by WPeMatico
Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos
Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange … Read more
