Meitu also noted that its purchase of the two digital currencies is the first step in the long-term plan to integrate blockchain technology into its key business operations.
NYDIG said that the new fundraising will help it accelerate growth in the coming months and quarters while building Bitcoin-based solutions for the banking, insurance, and clean energy sector.
First rumors about PayPal’s intention to acquire Curv appeared on March 2. Before that, PayPal was going to acquire crypto custodian giant BitGo. However, the deal didn’t go through.
While the COVID-19 pandemic has slowed down markets worldwide, especially the US stock market, several investors and traders went after alternative assets and options that could provide them a better store of value.
Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation.
Choosing the local cryptocurrency exchange that’s best for you largely depends on your personal needs and circumstances.
Despite the growing adoption of cryptocurrencies, among institutional and retail investors, some companies are still not considering adding crypto to their balance sheets.
Gary Black further noted that institutional investors currently would prefer Tesla to buy back its stock to holding Bitcoin.
Representatives of the Association met with members of the Biden Administration for favorable regulations and to correct “illicit finance” notion on crypto.
Currently, Apple tries to explore the crypto space and implements very measured steps. Notably, many analysts agree that Apple should invest in BTC or even create its own crypto exchange.
Taking up PayPal in its game, traditional crypto industry players Bitfinex and BitPay are allowing merchants to accept crypto payments amid a wider outlook of digital payments.
On Thursday, March 4th, Bitcoin is correcting after a phase of growth. It is generally trading at $49,500 USD.
In the interview with Bloomberg, Powell noted that Kraken currently has “no reason” to raise new capital. The CEO, however, pointed out that the company may seek to accelerate its acquisitions.
There may be an end to the recent pullback if Bitcoin stays above $50K. Analysts are predicting a new high above $58,000.
Ever since news emerged that Gary Gensler could be the new chairman of the SEC, crypto enthusiasts and analysts have praised this initiative as they see it as a big plus to the industry.