China calls cryptos ‘Investment Alternatives’. This happens after the launch of the crypto crackdown. PBoC also plans to develop Cross-Border solutions With Digital Yuan. Li Bo, the Vice Governor of the People’s Bank of China (PBoC) has announced that the country regards Bitcoin (BTC) and Stalecoins crypto-assets as investment alternatives.
Bitcoin nearing Google’s market capitalization. Many investors see Bitcoin as a hedge against inflation. Analysts predict BTC price could reach over $400K. Welt market analyst Holger Zschaepitz explained that the market capitalization of Bitcoin is nearing Google’s market cap of $1.5 trillion. The Exponential Age: Thanks to network effects, the
Switzerland’s Insurer AXA now accepts Bitcoin as payment. Back in 2019, the firm conducted research on customers’ thoughts on crypto. More crypto payment services will be added to the payment option. A multinational insurance company AXA now accepts Bitcoin as payment for its customers in Switzerland. However, this option of
Bitcoin is a bubble, says 74% of survey respondents. There are 200 respondents with over $500 billion in AUM. Bitcoin has surged 9x over the previous year. A new survey by Bank of America found that 74% of professional investors see Bitcoin as a bubble. This shows that the investors
Digital Currency Group plans to purchase $250 million of GBTC shares. The Grayscale Investment Fund has surged in popularity with rising Bitcoin prices. Grayscale presently has $42.1 billion in net assets under management. Digital Currency Group (DCG), a Grayscale parent firm announced that it plans to purchase $250 million of
Meitu purchased $22 million in ETH and $17.9 million in BTC. Purchasing crypto helps diversify the firm’s holdings away from cash. Also, evaluates potential investments in blockchain-based projects. Hong Kong-listed Meitu Inc. announced that it bought $22 million in Ethereum (ETH) and $17.9 million in Bitcoin (BTC). Meitu Bought $22M
-FD7 ventures sell $750M worth BTC to increase ADA and DOT holdings.-Both the firm founders are part of the original seven co-founders of Ethereum. -The transaction will be completed by mid-to-end of March. FD7 Ventures with $1 billion under management, has announced that they are planning to sell $750M worth of
-Chinese Postal Savings Bank has created a biometric hardware wallet for digital yuan payments.-Moreover, the biometric hardware wallet enables easy identity verification for users.-Recently, the Xiong’an branch of the Chinese Agricultural Bank also developed a hardware wallet for the digital yuan. The Postal Savings Bank of China has created a
-Bitcoin price surged over $50,000 today.-However, the digital asset surpassed $900 billion in market capitalization, close to $1 trillion. -If the market continues to be bullish W3 will reach $94,000 and even higher. Bitcoin price just surged over $50,000 but needs to maintain the move above it. As a result, the
-Jack Dorsey partners with Jay-Z to create 500 BTC blind Bitcoin Trust.-Dorsey is a known long-time supporter of bitcoin with “#bitcoin” as his Twitter profile. -Over the past year, many companies supported more than 25 developers and projects with an approximated $3.46 million. Twitter co-founder and CEO Jack Dorsey partnered with
