Day: March 7, 2021

Chinese Tech Company of Meitu Buys 379 Bitcoin and 15k Ethereum

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Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as part of its crypto investment strategy approved by its board of directors Staking sats and ETH by institutions is now a global affair The Chinese technology company of Meitu, has announced that it purchased 379.12 Bitcoin and 15,000 Ethereum at a cost of $22.1 million and $17.9 million. According to the official announcement, the…

The quest for Bitcoin scalability through layer two protocols

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As the largest cryptocurrency by market capitalization, Bitcoinโ€™s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with a finite supply of 21 million. However, the supply cap is not the major stumbling block for BTC as a medium of exchange, but rather, the transaction throughput. While Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer electronic cash system capable…

Chinese Publicly Listed Company Meitu Buys Bitcoin (BTC), Ether (ETH) worth $40 Million

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Publicly listed Chinese company Meitu adds bitcoin (BTC) and ether (ETH) to its balance sheet. Meitu Buys BTC, ETH worth $40 Million In an announcement made on March 7, Siming District-headquartered Chinese technology company Meitu announced that it had bought BTC and ETH worth $40 million. For the uninitiated, Meitu has been listed on Hong Kong Stock Exchange since December 2016. Specifically, Meitu purchased 380 BTC and 15,000 ETH at $47,105, and $1473, respectively. The first publicly listed Chinese company to buy cryptocurrencies, Meituโ€™s decision to add the two largest…

Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus

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The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC. United States’ President Joe Biden said that the Senate’s approval shows major progress in delivering a “desperately needed” stimulus bill to Americans. He said: โ€œToday I can say weโ€™ve taken one more giant step forward in delivering on that promise, that help is on the way. It wasnโ€™t always pretty, but it was so desperately needed,…

ARGO BLOCKCHAIN: Answering YOUR Questions!

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Argo Blockchain had a pretty tough week out there in the stock market, and I received tonnes of questions about the company. Here I look at addressing the main questions and talking you through how I think we are positioned going forwards! ๐Ÿ’ฐ Join the Multibagger Madness Club! ๐Ÿ‘‰ ๐Ÿ“ธ Join me on INSTAGRAM ๐Ÿ‘‰ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ๐Ÿ“บ Essential Videos ๐Ÿ“บ ๐Ÿ”ฅ ARGO BLOCKCHAIN: My Valuation Model ๐Ÿ‘‰ ๐Ÿ”ฅ ARGO BLOCKCHAIN: The BEST Bitcoing Mining Stock? ๐Ÿ‘‰ Peter’s Q&A: Video 1: Video 2:…

Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging Rivals Intensifies โ€“ Markets and Prices Bitcoin News

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The premium on Grayscale Investmentโ€™s GBTC, which turned negative for the first time on February 23, is continuing its downward slide. As the latest Glassnode data shows, the GBTC was trading at a record low discount of -11.92% on March 4, 2021. According to the same data, this new low is a significant reversal from the December 21 premium of nearly 40%. The Competition This growth in the discount on GBTC comes as Grayscale Investments gradually shifts focus to altcoins. As reported by news.Bitcoin.com, Grayscale added 174,000 litecoins or almost…

WHY ETHEREUM (ETH) CAN REACH $20,000! ๐Ÿš€

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io All aboard the train, because ethereum (ETH) will be leaving soon! Bitcoin got a lot of the investors’ attention lately, but what about ethereum? Why is it so important and what could it be worth? Let’s compare it to bitcoin’s previous cycle and notice how similar their charts look. Do you think ethereum could reach 20K dollars? Let me know in the comments! Buy my book ‘De Bitcoin(r)evolutie’ (Dutch) here: Or here: 0:00 Intro 0:54 Market specs 1:18 Ethereum fundamentals 2:30 DeFi…

What gives Ether token its value?

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Bitcoin holds the top spot as the worldโ€™s first and largest cryptocurrency. The coin carries worth based on its position as a store of value capable of transacting value globally and comparatively easier than other similar assets, such as gold. Ethereumโ€™s asset, Ether (ETH), has a different value proposition, arguably valuable for a number of reasons.ย  โ€œEthereum derives its value from a number of different factors, including gas fees, its usage as collateral, its ability to be lent and borrowed, its use as a medium of exchange for trading and…

Stock O'Clock: GameStop Hearing, Palantir Unlock, Coinbase + Tesla, Unemployment Claims

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io In today’s stock market news we talk about GameStop’s hearing, Palantir’s shares unlocked, Coinbase helping Tesla and new unemployment claims. No sub yet? No prob: Today’s stock market news: Today there will be a hearing in the House about GameStop. Robinhood CEO Vladimir Tenev and Reddit hero Keith Gill will also be there. The hearing is focused on short selling, online trading platforms and more. Today 80% of Palantirโ€™s shares unlock for trading. This could lead to very volatile price action in…