March 17, 2021

Tech Firm Meitu Buys Another $50 Million Worth of Bitcoin and Ethereum

Meitu is a software development firm listed on the Hong Kong Stock Exchange, most known for its selfie-editing app. The app was massively popular in China before adding built-in filters and editors to major social media platforms. Since then, however, the company has struggled to find new avenues of growth. Now, the company is following...
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Texas Regulator Issues a Cease-and-Desist Order Against Scammers Impersonating Binance

The Texas securities regulator has issued an emergency cease and desist order against a fraudulent cryptocurrency investment platform. Interestingly, the project’s latest initiatives included impersonating the world’s leading crypto exchange – Binance. Crypto Scam Impersonating Binance Halted in Texas According to the statement, Securities Commissioner Travis J. Iles issued the cease-and-desist order against the alleged...
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Wall Street Giant Morgan Stanley to Enable Institutional Clients Access to Bitcoin

Just a few months after America’s oldest bank announced bitcoin custody services, the Wall Street giant Morgan Stanley will start offering its clients access to BTC funds. Nevertheless, the bank has outlined bitcoin’s risky nature and said that only people with “an aggressive risk tolerance” should take advantage of the service.  By citing an internal...
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Grayscale Adds LINK, BAT, and 3 Other Products to Their Trusts

Institutional investors employing the services of Grayscale Investments would have the option to choose from five new product additions. Namely, those are Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL), and Livepeer (LPT).   The company’s recently-appointed CEO, Michael Sonnenshein, broke the news on Twitter earlier today. Upon the addition of the five aforementioned...
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Cardano’s Charles Hoskinson Threatens YouTube and Twitter with Lawsuits over Crypto Scams

Cardano’s founder Charles Hoskinson is the latest to address the growing threat of fake cryptocurrency giveaways. He blamed social media platforms like Twitter and YouTube for inaction, threatened to delete his accounts, and said his company will investigate if these giant firms are actually benefiting from the ongoing scams. The Growing Threat of Crypto Giveaway...
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Twitter Hacker Gets a Three-Year Sentence After Pleading Guilty

Graham Ivan Clark, the teenager who was the mastermind behind the hack of various Twitter accounts belonging to high-profile accounts back in 2020, has received a three-year jail term. Twitter Hack Mastermind Serving Time According to a report by the Tampa Bay Times, Clark pleaded guilty to the Twitter hack that happened last summer at...
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NEM’s Symbol (XYM) Platform Finally Launched After Delays

Originally planned for a March 15 launch, the Symbol platform is finally on mainnet following almost four years of development. The proof-of-stake enterprise grade blockchain enables the creation of specialized crypto assets with configurable properties that can act as security tokens. It is an evolution of the original NEM blockchain which was launched in March...
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