WeChat, China's largest messaging app and one of the country's most popular payment services, will start supporting the Chinese government's digital currency.On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has been developing a digital yuan since 2014, and … [Read more...] about Major payments app WeChat to add support for China’s digital yuan
Add
SHIB Spikes as Whales Add to Existing Positions
Prices of shiba inu saw a 10% spike on Tuesday as whales – a colloquial term for large holders of a given asset – added to their positions earlier this week.One such whale wallet purchased 4 trillion shiba inu’s for $134 million early on Tuesday, according to data from WhaleStats, which tracks data from the top thousand Ethereum wallets after excluding known exchange and … [Read more...] about SHIB Spikes as Whales Add to Existing Positions
Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
Banks should focus on blockchain technology and investors should increase their bitcoin holdings while trimming gold exposure, according to Jefferies Global Head of Equity Strategy Christopher Wood.“This concept of how [blockchain] has begun to eat conventional finance is why all banks should be focused on the technology to see how to try and profit from it rather than to wait … [Read more...] about Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power
Bitfarms (BITF), the Canadian crypto miner, is constructing two new production facilities in Sherbrooke, Québec, that are slated to be completed in two phases next year, adding 78 megawatts of total capacity.The construction is scheduled to be completed in phases during the first and second quarters of 2022 and will accommodate about 21,000 new miners, according to a … [Read more...] about Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power
MicroStrategy ignores critics to add a further $15 million of Bitcoin (BTC) to its reserves
MicroStrategy CEO Michael Saylor announced the firm had purchased a further 262 Bitcoin at the cost of $15mn. This brings its total holdings to 91,326 BTC, with a total spend of $2.2bn.Based on today’s price, MicroStrategy has an unrealized profit of $2.988bn. The move coincided with a bounce at $55k and the subsequent recovery back above $57k at the time of … [Read more...] about MicroStrategy ignores critics to add a further $15 million of Bitcoin (BTC) to its reserves