Chinese Crypto Purchases Signal Asian Corporate Attention

The Chinese company Meitu announced on Mar. 7 the purchase of 5,000 ETH and more than 379 BTC. The purchase, on Mar. 5, is part of an investment plan using cash reserves. Meitu’s business focus is in image and video processing as well as social media. In the announcement, the company states that its Board … Continued

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Is buying Bitcoin now, same as buying BTC in October 2020?

The past couple of weeks has been volatile for Bitcoin, to say the least. The digital asset has witnessed a price swing that has ranged over $15,000, hitting a high of $58,000, before dropping down as low as $43,000. While the asset has maintained a $5…

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

Bitcoin’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…

Pakistan: Arrests made in Bitcoin extortion case

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 wit…

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

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 act…

Bitcoin: Why institutional investors aren’t worried about BTC’s price

Bitcoin has been on a virtually unstoppable rally since October 2020, with the cryptocurrency touching an all-time high of over $58,000 a few weeks ago. At press time, however, the market-leading digital asset was trading at around $48,400 after a seri…