Day: March 9, 2021

Tesla Loses Nearly $280 Billion Since Investing in Bitcoin 

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Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases. Tesla Inc (NASDAQ: TSLA) Is experiencing a considerable market downturn as the company’s stock has not maintained achieved increases from Bitcoin investments. The Elon Musk-led electric car maker has recently been trading in red, somewhat depleting gains from heavy crypto investments. Specifically, the Tesla market cap has lost $277 billion in a little over a month. Last year, Tesla saw heavy selloffs in March and December as well. The current…

Bitcoin whales ‘bought the dip’ as orders for $100K or more hit all-time highs

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Bitcoin (BTC) whales and institutions alike have made the most of the recent BTC price “dip” by buying big, data suggests. In an update on March 9, on-chain analytics service Material Indicators noted that buy orders of $100,000 and higher on Binance — the biggest cryptocurrency exchange by volume worldwide — are reaching all-time highs. Big Bitcoin buyers don’t hesitate In stark contrast to orders worth less than $100,000, larger buys are more frequent than ever before in Bitcoin’s history.  Smaller allocations have plummeted in 2021, matching an existing narrative…

Bitcoin Price Jumps Over 8% as BTC Surpasses $1T Market Cap

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From the technical point of view, Bitcoin price remains bullish both on the higher and lower timeframes. After consolidating for the past two weeks between $43k and $51k, Bitcoin price jumped approximately 8.9% in the past 24 hours to trade slightly above $54k at the time of reporting. With the growing price, Bitcoin, ostensibly, has also surpassed $1 trillion in market cap for the second time in less than two months. Market data provided by Coinmarketcap indicates the asset was trading around $54,180.46, with its market capitalization at $1,008,510,551,947. Notably,…

Ripple and MoneyGram Partnership Officially Ends

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In its announcement Ripple noted that it is happy with the progress it had achieved with MoneyGram. Ripple CEO Brad Garlinghouse availed a public statement confirming the end of the Ripple and MoneyGram partnership. The two struck a partnership deal back in 2019. Ripple was paying MoneyGram to use XRP for international settlement. This was hailed as a game-changer and a clear sign of the capabilities cryptocurrencies offered. After the initial excitement of the partnership, there was little to report in progress. But according to Coindesk, MoneyGram has netted $61.5…

Major Swiss retailers set to debut Bitcoin gift cards

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Switzerland’s crypto boom has entered another dimension with retailers rolling out Bitcoin (BTC) vouchers and gift cards. According to Swiss daily Tages-Anzeiger, Manor — the country’s largest department store chain — is already selling Bitcoin voucher cards in 59 of its branches. Meanwhile, the retail giant Valora will begin selling BTC gift cards in its kiosks across the country starting April 1. Dubbed “Cryptonow,” the Bitcoin vouchers are from the stables of Värdex Suisse, a cryptocurrency financial services firm. Värdex is also a subsidiary of major Swiss crypto exchange Bitcoin…

Dow Jones Rose 306 Points As Other Market Indices Record Losses

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The 306 points accrued by the Dow Jones were fueled by the approval of the Biden administration’s $1.9 trillion coronavirus stimulus bill by the US Senate. The United States saw a divergent close to the stock market on Monday with the Dow Jones Industrial Average recording a 0.97% surge and a close of 306 points to 31,802.44. The S&P 500 Index (INDEXSP: .INX) dropped 0.54% lower, shedding 20.59 points to 3,821.35. The tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) stands as the biggest loser on Monday with a 2.41% dip and a…

UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility

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Global crypto mining firm Argo Blockchain announced its plans to establish a crypto mining facility in West Texas. The crypto mining company listed on the London Stock Exchange revealed that it has acquired a 320-acre plot of land in west Texas, which gives the company access to up to 800-megawatts of electrical power. The company has revealed plans to build its new energy-efficient 200mw mining facility over the next 12 months. The purchase is a result of Argo’s acquisition of New York firm DPN LLC. Argo’s purchase of land in…

UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility

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Global crypto mining firm Argo Blockchain announced its plans to establish a crypto mining facility in West Texas. The crypto mining company listed on the London Stock Exchange revealed that it has acquired a 320-acre plot of land in west Texas, which gives the company access to up to 800-megawatts of electrical power. The company has revealed plans to build its new energy-efficient 200mw mining facility over the next 12 months. The purchase is a result of Argo’s acquisition of New York firm DPN LLC. Argo’s purchase of land in…

Blog: Supporting UK democracy through data protection with new political campaigning guidance

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A blog from Elizabeth Denham, Information Commissioner 9 March 2021 In a year where the challenges of the pandemic have prompted digital innovation in so many aspects of our lives, it is no surprise that campaigning for the upcoming elections in England, Scotland and Wales will be a little different. Electoral Commission data has already shown a rapid acceleration in the use of digital political advertising over the past five years. The limitations on traditional door-to-door canvassing and static advertising due to the pandemic will make technological approaches even more…

Chinese Tech Company Meitu Goes Long on Bitcoin and Ethereum, Invests About $40M

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Meitu also noted that its purchase of the two digital currencies is the first step in the long-term plan to integrate blockchain technology into its key business operations. Hong Kong-listed Chinese technology company Meitu Inc (HKG: 1357) has waded into the world of cryptocurrencies with investments in Bitcoin (BTC) and Ethereum (ETH). According to the official filing, the firm revealed it bought as much as 15,000 units of Ether and 379.1214267 units of Bitcoin at valuations of approximately US$22.1M and US$17.9 million respectively. According to Meitu, the purchase of the…