Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’
Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims...
Chinese Public Company Meitu Buys More Bitcoin — Treasury Now Holds $90 Million in Cryptocurrencies
One of China’s top internet app makers, Meitu Inc., has purchased more bitcoin for its treasury. The company now holds about $90 million in cryptocurrencies. Meitu is listed on the Hong Kong stock exchange and its flagship app has more than 1 billion users...
US Court Sentences Bitcoin Scammer to 3 Years in Prison After Massive Twitter Hack to Promote BTC Scam
The mastermind behind a large-scale Twitter hack to promote a bitcoin giveaway scam has pleaded guilty and been sentenced to three years in prison. During the hack, a number of high-profile companies, politicians, and celebrities saw their accounts taken over to...
Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’
The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to...Interesting 13
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