More and more companies have started adding cryptocurrencies to their company’s balance sheet or as treasury reserve asset. The latest one to add is Meitu which has just announced they have purchased 40 million worth of cryptocurrencies including 380 bitcoin and whopping 15000 ethereum.
(more…)Apple Pay has added support for Bitcoin payments using BitPay. While many are not a fan of Bitpay, Apple approving Bitcoin in any form is neat. This is because Apple used to ban and remove bitcoin wallets years ago, so this shift is newsworthy.
Skybridge Capital has filed an amendment with the SEC which will allow their $3.6 billion fund to start investing in Bitcoin. This amendment was filed on November 13th 2020.
There is a bitcoin wallet with whopping 69000 bitcoins, and equal amount of bitcoin cash, bitcoin SV and bitcoin gold. It is a dat file whose password has been lost so there was no way to access those bitcoins, until now. Someone was able to crack the password of this bitcoin wallet and spend 1 billion dollars that were inside it. Yes, the person behind this wallet is now a billionaire.
All cryptocurrency exchanges in Hong Kong will be required to register with securities regulator, despite not dealing in securities. This was previously optional.
All articles and posts with bitcoin hashtag, #bitcoin have been hidden on Facebook as the social media platform has deemed them as content that goes against their community standards.
Square is a company that is co-founded by Jack Dorsey, who is co-founder of Twitter. Today, it has announced on its balance sheet that it has invested 50 million dollars in Bitcoin that has fetched it 4709 bitcoins. The supply of Bitcoin is limited to 21M BTC. That means if every company in the world were to do that only 4,459 companies would be able to buy BTC before the supply ran out.
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In 2009, Bitcoin was created as trustless P2P electronic cash transfer but in the fast-few years, people have started labelling Bitcoin as a replacement to gold, calling it Bitcoin 2.0. Michael Saylor, CEO of MicroStrategy has bought ~21,500 bitcoins for his company.
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An interesting propaganda news is being circulated in Cankao Xiaoxi, Xinhua, CCTV2 and other CCP owned media outlets and the headline is Cryptocurrency assets are best performing assets in 2020.
(more…)Joost Jager used to be a part of Bitcoin Lightning team and yesterday, he announced on twitter that he will be leaving their team to work on other projects.
