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 in Hong Kong said the purchase was finance through their cash reserves. They say: “The Group has purchased 15,000 units of Ether and 379.1214267 units of Bitcoin (“BTC”), both cryptocurrencies, […]

As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances.  It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as […]

There is no shortage of stories of the Securities and Exchange Commission in the United States (SEC) being at loggerheads with various firms in the crypto industry. The commission has had lawsuits with Telegram and Ripple and has spent years persecuting various fraudulent schemes in the industry. The current legal batter with Ripple has seen the commission accuse the firm […]

Blockchain technology is being used in many ways in the US. For instance, the technology enables secure sharing of medical data, anti-money laundering (AML) tracking system, music royalties tracking, cross-border payments, real-time Internet of Things (IoT) operating systems, personal identity security, supply chain and logistics monitoring, eVoting mechanism, and many other use cases. So far, it’s easy to start up […]

Summary: Charlie Lee has compared the current NFT boom to ICOs in 2017 and altcoins in 2013 He cites that NFTs are easy to create, simple and are bringing in new people into crypto Charlie Lee went on to point out that an NFT is a digital certificate to a collectible Billionaire investor, Mark Cuban, is particularly interested in the […]

Who says that bitcoin and the stock market aren’t correlated? Following bitcoin’s meteoric rise beyond the $50,000 line a few days ago, it looks like several crypto-based stocks are potentially following in the asset’s footsteps and are now trading at new highs for the year. Crypto Stocks Have Been Firing on All Cylinders Bitcoin has been on a serious roll […]

Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset’s trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter.   “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].” She added: “From […]

A team has released WETH10, the latest iteration of the Wrapped Ether token that allows using Ether (ETH) in a DeFi setting. WETH10 carries a host of useful features, the most notable of which is the flash mint, an evolution of the flash loan concept. Flash loans allow users to borrow the entire liquidity pool of a protocol to use as […]