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Meitu Racks Up $100 Million Worth Of Bitcoin And Ether

Crypto News Point

Apr 13, 2021
2 min

Meitu Racks Up $100 Million Worth Of Bitcoin And Ether

Meitu, the Hong Kong-based tech company, has racked up $100 million worth of Bitcoin and Ether. It has been reported that Meitu HK, the wholly-owned Hong Kong subsidiary of Meitu Inc (incorporated in the Cayman Islands), acquired 175.67798279 units of Bitcoin for a combined price of $10 million by implying a purchase price of around $57,000 per coin. However, the purchase was reportedly made using existing cash reserves, based on spot prices on the open market. The report sai

Chinese Photo-Editing App “Meitu” Announces Investment Of Further $50 Million Into Ether

Crypto News Point

Mar 20, 2021
2 min

Chinese Photo-Editing App “Meitu” Announces Investment Of Further $50 Million Into Ether

Meitu, the Chinese photo-editing application, has announced the investment of a further $50 million into Ether and Bitcoin by taking its net spend on crypto up to around $90 million this month. It has been reported that the Hong Kong and China-listed company purchased 386.08 BTC for $21.6 million, and 16,000 ETH for around $28.4 million, on March 17. However, the most recent announcement follows an initial cryptocurrency investment on March 5, in which the company acquired 15

Encrypted Messaging App Signal Started Accepting Donations In 12 Cryptocurrencies Including Bitcoin

Crypto News Point

Mar 17, 2021
1 min

Encrypted Messaging App Signal Started Accepting Donations In 12 Cryptocurrencies Including Bitcoin

Signal, the encrypted messaging app, has started accepting donations in 12 cryptocurrencies including Bitcoin and Ether. It has been reported that the platform has started accepting crypto donations as a form of support for the Signal Technology Foundation, the nonprofit organization behind the app. Signal wrote: “As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl b

Nvidia To Shift Ether Miners Away From Its New GeForce RTX 3060 Graphics Card

Crypto News Point

Mar 12, 2021
2 min

Nvidia To Shift Ether Miners Away From Its New GeForce RTX 3060 Graphics Card

Nvidia has planned to shift Ether (ETH) miners away from its new GeForce RTX 3060 graphics card by limiting its hash rate appears to have been short-lived. It has been reported that screenshots posted by tech leak Twitter account I_Leak_VN show a stack of eight RTX 3060 graphics cards operating at far above Nvidia’s 20-25 MH/s mining limit, while reportedly using Ethereum’s Dagger-Hashimoto mining algorithm. Dammit Chinese mod 🤣🤣 pic.twitter.com/dBNjpJQLMl — I_Leak_VN (@I_L

Xetra To Launch Its First Ether-Based ETPs

Crypto News Point

Mar 9, 2021
2 min

Xetra To Launch Its First Ether-Based ETPs

Xetra, Deutsche Borse’s electronic trading platform, has prepared to launch its first Ether (ETH)-based exchange-traded products (ETPs). It has been reported that the platform is set to debut trading of two Ether ETPs — ETC Group’s Ether exchange-traded commodity (ETC), product (ZETH), and 21Shares’ Ethereum ETP (AETH). A spokesperson for Deutsche Borse said that the two products will be the first Ether ETPs to ever be listed on Xetra. Laurent Kssis, the Global Head of ETP, s

British Artist Damien Hirst Announces The Release Of His Paintings, To Be Available For Purchase Wit

Crypto News Point

Feb 27, 2021
2 min

British Artist Damien Hirst Announces The Release Of His Paintings, To Be Available For Purchase Wit

Damien Hirst, the British artist, and printmaker HENI Leviathan have announced the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH). The report stated: “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.” It has been reported t

Binance Coin Becomes The Third-Largest Crypto By Market Capitalization After Bitcoin And Ether

Crypto News Point

Feb 20, 2021
2 min

Binance Coin Becomes The Third-Largest Crypto By Market Capitalization After Bitcoin And Ether

Binance Coin (BNB), a cryptocurrency issued by Binance, the world’s largest crypto exchange, has become the third-largest coin by market capitalization for the first time in history with a price of $293.60 USD with a 24-hour trading volume of $15,950,493,069 USD. The current CoinMarketCap ranking of BNB is #3, with a market cap of $45,370,092,495 USD. It has been reported that Binance Coin overtakes Tether to become this position after Bitcoin and Ether. However, Binance Coin

Chinese Crypto Miners Buying Nvidia’s New Laptops To Mine Ether

Crypto News Point

Feb 11, 2021
2 min

Chinese Crypto Miners Buying Nvidia’s New Laptops To Mine Ether

Chinese cryptocurrency miners are buying Nvidia‘s new laptops to mine Ether (ETH) amidst the altcoin hitting new all-time highs (ATH). It has been reported according to several sources that Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency. However, a Weibo user known as BTCer posted a bunch of images showing off GeForce RTX 30 series gaming laptops making up a solid crypto mining farm. “A laptop mine is up,”

ETH Leads Up To The Launch Of CME Futures, Ether Products Representing 80% Of Last Week’s Institutio

Crypto News Point

Feb 9, 2021
2 min

ETH Leads Up To The Launch Of CME Futures, Ether Products Representing 80% Of Last Week’s Institutio

A report said that ETH leads up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. It has been reported that the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on February 8. However, Bitcoin had $41.9 million of the weekly flows, with a year-to-date total of $2.02 billion, as the repor

Ultra-Rare “Alien” CryptoPunk Sells For 605 Ether

Crypto News Point

Jan 25, 2021
2 min

Ultra-Rare “Alien” CryptoPunk Sells For 605 Ether

An ultra-rare “alien” CryptoPunk has sold for 605 Ether on January 23, worth over $750,000 at today’s prices. It has been reported that CryptoPunks are widely considered to be the original NFT project, released even before CryptoKitties, the blockchain-based collectibles project that propelled NFTs to mainstream consciousness. However, CryptoPunks developers Larva Labs report that Punks have accounted for $26 million in lifetime sales on their native marketplace, and the aver

A Redditor “u/FollowMe22” Sells Off The Last Of His Ether Stash Acquired Back In 2016

Crypto News Point

Jan 23, 2021
2 min

A Redditor “u/FollowMe22” Sells Off The Last Of His Ether Stash Acquired Back In 2016

“u/FollowMe22,” a Redditor, said that he has finally sold off the last of his Ether (ETH) stash acquired back in 2016. It has been reported that he began buying ETH back in 2016 when the price was slightly above $2. He said: “I put my whole tax return in 2016 and threw a couple hundred at it whenever I could. I didn’t buy a car and biked to work to save money. I remember at the time thinking there was about a 1/3 chance it would 100x, so there was an asymmetrical risk/reward

The Nexus Mutual Hacker Asks Ransom Demand For $2.66 Million In Ether

Crypto News Point

Dec 18, 2020
2 min

The Nexus Mutual Hacker Asks Ransom Demand For $2.66 Million In Ether

The hacker, who stole $8.3 million from the private wallet of Nexus Mutual CEO Hugh Karp on Monday, has sent a ransom demand for $2.66 million in Ether (ETH) embedded in the input data of an Ethereum transaction. It has been reported that in the poorly-worded December 16 message, the attacker addressed Karp directly, and suggested that they will cease selling off the stolen NXM until the price recovers or Karp sends 4,500 ETH. He wrote: “Hello Hugh. I will not sell wNXM any m

Binance Launches Ethereum Mining Pool

Crypto News Point

Nov 16, 2020
2 min

Binance Launches Ethereum Mining Pool

Binance, the major cryptocurrency exchange, has launched Ether, an in-house mining pool for the market’s largest altcoin by market cap. It has been reported that for the first month, between November 12 and December 12, Binance is trying to miners by offering a zero-fee regime. After that, those contributing their hashing power to the pool will be charged a competitive 0.5% commission on their earnings. The report said that Binance’s instructions for setting up a mining pool

Crypto Valley To Begin Allowing Citizens To Pay Taxes In Bitcoin And Ether

Crypto News Point

Sep 4, 2020
1 min

Crypto Valley To Begin Allowing Citizens To Pay Taxes In Bitcoin And Ether

Crypto Valley will begin allowing citizens to pay taxes in Bitcoin (BTC) and Ether (ETH), as the Swiss canton of Zug is making it easier to imagine a world in which cryptocurrency users are resolutely in the mainstream. On September 3, it has been reported that tax settlement by means of cryptocurrency will be available to both companies and private individuals up to an amount of 100,000 Swiss francs ($109,670). However, around 127,000 people live in the region, which has pre

Bitcoin (BTC) Price Rallies Above $10,000 To A New Monthly High

Crypto News Point

Jul 27, 2020
1 min

Bitcoin (BTC) Price Rallies Above $10,000 To A New Monthly High

Bitcoin (BTC) price rallied above $10,000 to set a new monthly high at $10,315. This comes after a rather uneventful weekly close which saw Bitcoin on CoinMarketCap close above an important multi-year descending trendline. However, a few hours after the close, Bitcoin price surged above the $10,100 resistance zone. Weekly price chart. Source: Cointelegraph Analysts now expect traders to target $10,500, and above this level price with estimates ranging from $11,000, $14,000 an

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Crypto News Point

Apr 4, 2020
2 min

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT). #Bithumb #Global, the international #platform of #South #Korea’s #top #crypto #exchange, has rolled out margin #trading with 5x leverage for #Bitcoin (#BTC) and #Ether (#ETH),https://t.co/8vS84AkwLX#Rakamoto #FridayThoughts #Blockchain #Crypto #Bitcoin #Digital #Money #Coins — Blockc

Singapore Considers Crypto Derivatives Trading On Approved Exchanges

Crypto News Point

Nov 21, 2019
1 min

Singapore Considers Crypto Derivatives Trading On Approved Exchanges

Singapore’s central bank, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its scrutiny. On Nov. 20, a BNN Bloomberg report stated that the MAS’ proposal would make trading of derivatives on underlying assets like Bitcoin (BTC) and Ether (ETH) subject to the city-state’s Securities and Futures Act. According to the MAS, it plans to extend its remit to crypto derivatives that have been urged by interest from hedge funds and asse

Binance Adds Turkish Lira To Its Fiat-To-Crypto Purchase

Crypto News Point

Nov 17, 2019
1 min

Binance Adds Turkish Lira To Its Fiat-To-Crypto Purchase

Binance, the cryptocurrency giant has added support for buying Bitcoin (BTC) and other cryptocurrencies with Turkish lira through its local digital wallet partner Papara. On No. 15 Binance announced the additions on its official website. Turkish users will now be able to exchange lira through their Papara digital wallets for: BTC Ether (ETH) XRP The announcement further added that the support for Turkish Lira is limited to just buying cryptocurrencies, while no official word

Central bank of Venezuela considers holding Bitcoin and Ether

Crypto News Point

Sep 27, 2019
2 min

Central bank of Venezuela considers holding Bitcoin and Ether

The Central Bank of Venezuela is considering the possibilities to hold Bitcoin and Ether in its coffers (balance sheets). The source was provided by an anonymous entity who “reportedly have direct insights into the matter.” On Sept 26th, a Bloomberg article reported that Venezuela’s Central Bank (BCV) is taking a closer look at whether it can have the possibly hold cryptocurrencies such as Bitcoin and Ether. Possibilities of holding Bitcoin and Ether Petroleos de Venezuela SA

Ethereum price drops caused by Stablecoin DAI

Crypto News Point

Sep 26, 2019
3 min

Ethereum price drops caused by Stablecoin DAI

Ethereum price drops losing more than 18% value under two hours due to collateralized stablecoin DAI. The stablecoin managed to maintain its peg to the United States dollar falling from $190 to $155 on Tuesday. The sudden Ethereum price drops to highlight the weakness of DAI stablecoin built by the maker of MakerDAO, Dai (DAI) with the decentralized finance (DeFi) ecosystem within the platform. As of publishing time, Ethereum holds a price of about $170. Higher transaction fe

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