Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market. This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth [&#8230;]

Crypto Potato

Hong Kong-listed Meitu Bought $40M Worth of Bitcoin and Ethereum

Bitcoin has come under heavy scrutiny from the investment community.A flurry of news signaling institutional investors and corporations' adoption of the asset is fueling optimistic expectations for future demand.Corporations are seeking alternatives to better invest their cash.S&P 500 companies are currently sitting on more than $1T in cash, a 20% increase compared to the average from 2013 to 2018.Tech companies with large amounts of cash are most open to making the switch, since bitcoins typically fit more naturally within their business profiles and can offer meaningful returns at the same time.

Seeking Alpha

Balance Sheets To The Moon?

Bitcoin&#8217;s price is rangebound in the current market cycle. Both fundamental and technical analysts will tell you there were ample buying opportunities and local bottoms since the price crossed $20k. But is that all there is? Every local bottom is unlike the previous one, some are close together on the price chart, and buying a [&#8230;]

AMB Crypto

What role are Bitcoin’s hodlers playing in this market cycle?

The $1.9 trillion stimulus bill has just been approved by the United States Senate. For businesses relying on the United States dollar, an impending bearish storm is expected. For Bitcoiners, it&#8217;s 1.9 trillion more reasons to buy Bitcoin, and here&#8217;s why. USD goes down, Bitcoin goes up Demand for Bitcoin has already been on roof [&#8230;]

ZyCrypto

Billionaires Now Have 1.9 Trillion More Reasons To Buy Bitcoin

Hong Kong-listed selfie-app company Meitu just announced that it has snapped up 380 BTC and 15,000 ETH.

Decrypt

Chinese App Maker Meitu Buys $40M in BTC and ETH

Japanese financial giant SBI Holdings and crypto startup FXcoin Ltd. are announcing a new achievement in their XRP pilot program. In its digital payments experiment, FXcoin is working with the Japanese general trading firm Sumitomo Corporation to settle debts and credits to other Sumitomo Group companies using XRP. The program has previously had success utilizing [&#8230;]The post Pilot Using XRP To Settle Corporate Debts and Credits in Japan Hits New Milestone appeared first on The Daily Hodl.

The Daily Hodl

Pilot Using XRP To Settle Corporate Debts and Credits in Japan Hits New Milestone

Ethereum has been rising for the past two days, increasing by $150 yesterday (10%) to $1697 with it currently trading at $1640. The ratio reversal coincides with the approval of...

TrustNodes

Ethereum Rises on NFT Boom

At 17:24 UTC on Saturday (March 6), U.S. Senate Majority Leader Chuck Schumer announced that Senate Democrats had just managed to get passed a $1.9 trillion COVID-19 relief bill (“American Rescue Plan”). Moments later, Bitcoin started rally, and by 14:05 UTC on Sunday (March 7), on crypto exchange Bitstamp, the BTC price had reached $51,306, which […]

CryptoGlobe

Bitcoin Surges Past $51K Thanks to U.S. Senate Passing $1.9T Covid Relief Bill

Bitcoin hit $50k for the third time this year and DeFi starts flowering again.

Bitcoin Back Above $50k as Crypto Market Beats Inertia

Chinese beauty apps maker Meitu, listed in Hong Kong with 300 million monthly active users, has purchased $40 million worth-of BTC and ETH.The post Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH appeared first on The Block.

TheBlock

Publicly-listed beauty apps maker Meitu buys $40 million in BTC, ETH

Ethereum&#8217;s price is up by over 8 percent in the past 24 hours and is currently trading above the $1500 level. The increase in price comes at a time when Bitcoin is making a slow recovery. This puts Ethereum ahead of Bitcoin in terms of its recovery run. What differentiates Ethereum from Bitcoin, is the [&#8230;]

Is Ethereum competing with Bitcoin as a store of value?

Ripple has fended off its major investor Tetragon’s bid to redeem a huge amount of stock.

Ripple Prevents Investor From Redeeming $175 Million in Stock Before SEC Ruling

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 [&#8230;]

Ethereum World News

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

The quest for a workable Bitcoin scalability solution is still ongoing with developmental efforts in protocols like the Lightning Network and Statechains.

CoinTelegraph

Searching deep: The quest for Bitcoin scalability through layer two protocols

Cai Wensheng said that Meitu was the first listed company in Hong Kong to purchase BTC digital currency.

Chaindd

Meitu Announced the Purchase of ETH and BTC at a Total Cost of About $40 million

Former Prudential Securities CEO George Ball called crypto-assets an “attractive” addition to any investment portfolio as a hedge against inflation and market corrections.

Former Prudential CEO Calls Crypto an ‘Attractive’ Addition to Any Investment Portfolio

Ethereum price has registered a strong rebound today surging 6.5% and moving past $1650 levels. The recent surge comes as Ethereum finds a strong support at $1500 before resuming its upwards journey. As per the Ethereum technical chart, it has formed an inverse head-and-shoulder pattern and is currently eyes its next move to $2000 and The post Ethereum (ETH) Mega Whales Now Hold 68% of Total Supply, ETH Funds Secure Big Investments appeared first on Coingape.

CoinGape

Ethereum (ETH) Mega Whales Now Hold 68% of Total Supply, ETH Funds Secure Big Investments

The Blockchain Association plans to meet with US Treasury Department officials in the wake of impending cryptocurrency regulation. The body wants the department to be permissive towards its benefits.

Blockchain Group to Meet With US Treasury Department Executives Over Brewing Regulations

Meitu, the first known publicly traded Chinese company with a marketcap of $12 billion has bought $40 million worth of bitcoin and eth. The social media image processing company listed...

Publicly Traded Chinese Company Buys Bitcoin and Ethereum

Ethereum regained the $1,600 level as buying picked up, but the bulls faced a key test at the $1,676 resistance point. IOTA moved against the broader market trends and traded in the red as the bears targeted the crucial 50% Fibonacci retracement level. Lastly, DOGE moved within a descending triangle but a breakdown seemed unlikely [&#8230;]

Ethereum, IOTA, Dogecoin Price Analysis: 07 March

Bitcoin reaches $51,000 as the U.S. Senate greenlights $1,400 "stimmy" checks for Americans. 

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

Crypto trader and influencer Ben Armstrong is highlighting a low-cap altcoin that he says has the potential to challenge Amazon Web Services (AWS). In a new video, Armstrong tells his 606,000 subscribers that he&#8217;s keeping a close watch on scalability solution Cartesi (CTSI) and its Ethereum-based computational oracle Descartes. “Think of Descartes as an oracle [&#8230;]The post Explosive Low-Cap Altcoin Gem Could Challenge Amazon Web Services, Says Crypto Trader Ben Armstrong appeared first on The Daily Hodl.

Explosive Low-Cap Altcoin Gem Could Challenge Amazon Web Services, Says Crypto Trader Ben Armstrong

Peter Brandt, a well known technical analyst in traditional finance, has stated bitcoin formed a reverse head and shoulders on daily candles as pictured above. Head and shoulders is a...

Bitcoin on a Reversed Head and Shoulders Says Peter Brandt

The Indian cryptocurrency users seem to have found hope at the end of the tunnel when Finance minister Nirmala Sitharaman spoke about taking a &#8220;calibrated&#8221; approach with regards to crypto trading in the country. In a recent interview, Sitharaman noted that they were already carrying out &#8220;negotiations and discussions&#8221; with the central bank of India [&#8230;]

India to take a “calibrated” approach regarding crypto acc. to FM

Quick take: Trading of NFTs is booming in the crypto-verse The top 3 NFT marketplace had a combined trading volume of $342 million in February 22 NFTs sold for more than $200k in the same month NFTs are perfect for collectibles in the various global sports leagues Like all things revolutionary in crypto, Non-Fungible Tokens (NFTs) have swept the trader and investor community by storm. According to DAppRadar, the top 3 NFT marketplace had a combined trading volume of $342 [&#8230;]

Top 3 NFT Marketplaces Had a Combined Trading Volume of $342M in Feb.

The NFT hype is peaking. In fact, searches for "NFT" have topped these of "ICO" from back during the peak in early 2018.

NFT Hype Surpassed ICO’s 2018 Peak in USA

Uniswap broke out past the $29.3 level of resistance, while Crypto.com Coin was in a phase of consolidation. Compound bounced off the $450 level of support to touch $500 but could see a pullback to $470. Uniswap [UNI] UNI broke out and went past the $29 area of resistance, where the 23.6% retracement level and [&#8230;]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

The premium on Grayscale Investment&#8217;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 [&#8230;]

Bitcoin.com

Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging Rivals Intensifies

It’s hard to shake the fact that bitcoin (BTC)’s ascent from one fresh all-time high to another in recent months has taken place amid a backdrop of a struggling global economy. The United States’ GDP infamously tanked by a record 32.9% in Q2 2020 and fell by 3.5% across 2020 as a whole, while the International Monetary Fund (IMF) projected in June that the

cryptonews

A Debt-Fuelled Economic Crisis & Bitcoin: What to Expect?

ETH/USD has been on an upward recovery correction following last week’s price crash below the $1450 support base.&#160; Ethereum’s network is also anticipating an upgrade dubbed EIP-1559. This follows a meeting among the blockchain’s core developers to upgrade the network this July. There is a clear pattern around the $1,550 support which is forming a [&#8230;]

Cryptopolitan

ETH/USD Price Prediction: Will ETH/USD Retest $1,720 Support Ahead of July Upgrade

TL;DR Breakdown LINK testing resistance at $28.5. Chainlink set a higher high. Support around $26 still holds. Today’s Chainlink price prediction is bearish as the market sets a new higher high above $28.5 and shows signs of rejection for further upside at the $29 mark.&#160; Cryptocurrency heat map. Source: Coin360 The overall market is in [&#8230;]

Chainlink price prediction: LINK breaks $28.5, a small retracement to follow?

Quick take: Ethereum&#8217;s EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum&#8217;s EIP-1559 is scheduled for implementation this July alongside the London hard fork. EIP-1559 is designed to solve the issue of high fas fees experienced on the Etheruem network during [&#8230;]

Ethereum’s EIP-1559 & Stimulus Checks Could Send ETH Back Above $2k

Crypto Briefing

Delaware Court Dismisses Lead Investor’s Lawsuit Against Ripple

Despite the fact that some of the leading Ethereum miners opposed the proposal, EIP-1559 is put forward as part of July's London Fork of the protocol.

Ethereum EIP-1559 Targeting Gas Fee Challenges to be Implemented in July

The world of finance has never been able to protect itself from the fraudulent activities going around in the world. The cryptocurrency market, which itself is a growing space has also had its fair share of such fraudulent activity being associated with it. However, unlike traditional finance, regulators have been enforced stringent measures when it [&#8230;]

Pakistan: Arrests made in Bitcoin extortion case

The burning of a Banksy. Source: A video screesnhot, Youtube/Burnt BanksyPaul J Ennis, Lecturer/Assistant Professor in Management Information Systems, University College Dublin.______ A blockchain company has bought a piece of Banksy artwork and burnt it. But instead of destroying the value of the art, they claim to have made it more valuable, because it can be sold as a piece of blockchain

NFT: Can Burning A Banksy Make It More Valuable?

This article provides an update (as of 09:00 UTC on March 7) on some of the currently most popular topics in the Ethereum community. Ethereum Price Action Data from TradingView tells us that, on crypto exchange Bitstamp, the Ethereum price reached $1696.25 at 08:07 UTC. In a video published on YouTube earlier today, crypto analyst […]

Ethereum Update: ETH Price Action, EIP-1559, DEXs and Layer 2 Solutions, NFTs

Ethereum’s Ether coin is arguably valuable for different reasons than Bitcoin. 

What gives Ether token its value?

Twitter chief executive Jack Dorsey is auctioning off the first-ever tweet in the form of a non-fungible token (NFT). Dorsey is accepting bids for his and the social media platform’s first tweet on Valuables BY CENT, a new Ethereum-based NFT marketplace. Posted on March 21st, 2006, the tweet up for sale simply reads, “just setting [&#8230;]The post Jack Dorsey Using New Crypto Project to Sell His First Tweet appeared first on The Daily Hodl.

Jack Dorsey Using New Crypto Project to Sell His First Tweet

Bitcoin is trading at around $49k at the time of writing and with a nearly 2% drop in its price in the past 24 hours, the asset continues to remain rangebound. Given the increased inflow of Bitcoin and stablecoins to exchanges, the rangebound price action may set the foundation for further investment inflow into the [&#8230;]

Is this the right time for institutions to accumulate more Bitcoin?

Bitcoin has added $3,000 since yesterday's low and has overtaken $50k. Ethereum's 6% increase has driven ETH to nearly $1,700.

Bitcoin Explodes Above $50,000 as Total Market Cap Adds $100B In 24 Hours (Market Watch)

TL;DR Breakdown UNI found support at $32. Closest resistance at $35. 50 and 100 MA`s provide additional resistance. Today’s Uniswap price prediction is bullish as the market rejected further downside yesterday after several days of bearish momentum. Cryptocurrency heat map. Source: Coin360 The overall market is pushing higher today. Market leaders Bitcoin and Ethereum are [&#8230;]

Uniswap price prediction: UNI prepares to move higher, next target at $38

Crypto analytics firm Santiment is revealing which altcoins crypto whales have been stockpiling over the past week. In a new report on market conditions, Santiment says that as of March 3rd, the number of whales holding 100+ yearn.finance (YFI) tokens stands at 68, up from 64 the previous week. The Enjin (ENJ) gaming token is [&#8230;]The post Crypto Whales Are Quietly Accumulating These Three Altcoins, According to Analytics Firm Santiment appeared first on The Daily Hodl.

Crypto Whales Are Quietly Accumulating These Three Altcoins, According to Analytics Firm Santiment

The cryptocurrency market has been recovering from the sudden selling pressure it witnessed a few days back. Litecoin [LTC] has been trying to find a stable price level in the market currently, however, there have been recurring sell-offs pushing the coin even lower. At the time of writing, the digital asset was trading at $182.68 [&#8230;]

Litecoin Price Analysis: 07 March

Yesterday, Bitcoin price almost got rejected at the $48,000 price level&#160; and dropped to a daily low of $47,270. However approaching the end of day (March 6th), BTC broke above the $48,000 support level.&#160; investors are searching for the next big coin. And they are likely to go for altcoins that are exploding in value.&#160; [&#8230;]

Bitcoin Price Prediction : 24-Hour Chart Raises Hope of $50K Breakout

Education and accessibility are crucial to make DeFi more accessible to the upcoming inflow of retail investors.

Decentralized finance may be the future, but education is still lacking

Which team are you, Weak Hanks or Diamond Hands? Glassnode found that most of the Bitcoin buyers in 2021 hodled their coins during the correction.

Most of the New Bitcoin Buyers Didn’t Panic Sell in 2021, Glassnode Finds

As more cryptocurrency projects are beginning to understand firsthand, keeping key stakeholders and early investors involved in a project&#8217;s ecosystem long-term is tough. With increasing speculation around new blockchain networks, specifically DeFi-focused platforms, cryptocurrencies can see instant price growth as they hit the market. With these profits too high for early investors to forgo, the [&#8230;]

NewsBTC

How DAFI Protocol Rewards Long-Term Token Holders and Supports Sustainable Project Growth

Ethereum started a strong increase above the $1,550 and $1,600 resistance levels against the US Dollar. ETH price is likely to continue higher towards the $1,700 and $1,720 resistance levels. ETH price found support near $1,550 and recently started a fresh increase against the US Dollar. The price is trading well above $1,600 and the [&#8230;]

Ethereum Climbs above $1,600, Why ETH Could Soon Test $1,720

The Technological District of Mar del Plata, Argentina, will host a massive crypto mining operation backed by a domestic startup accelerator. Lothal Mining is the company that will run the operations of the mining firm in the Argentinean city. Firm Will Mine Ethereum During the First Stage Per local newspaper La Capital, Grupo Neutr&#243;n invested [&#8230;]

aelf (ELF)

Om aelf (ELF)