Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
Bitcoin and ether (ETH, -0.73%) purchases by companies in Scandinavia and Hong Kong are fueling speculation a wave of non-U.S. corporate treasurers might follow MicroStrategy, Tesla and Square into buying cryptocurrencies, according to a new report by the Norwegian analysis firm Arcane Research.
Hong Kong-listed Meitu, a maker of photo-retouching software, said it bought 15,000 ETH and 379 BTC (+3.58%) in open-market transactions last week. Arcane figures the company paid an average $47,230, well below the current market level of around $57,000.
In addition, on Monday Aker, a Norwegian energy engineering company, added 1,170 BTC to its balance sheet, paying approximately $58 million, at an average price of around $49,600.
Recommended News
-
A metaverse game called “FunBall” will be launched soon
With Zuckerberg’s announcement to rename fackbook to meta, we saw more and more “metaverse” games start to appear in the market. Game platforms, such as GALA YOOSHI have borrowed from the steam model and have quickly accumulated a large number of users in a short period of time. Recently, we have been looking at a company called ” BRILLIANT FAITH”, which is planning to launch a game competition platform called “MeRace”. They have officially announced that the platform is in development and have announced the name of the first game “FunBall”. The…
-
Money Reimagined: NFTs Can Learn From DeFi’s Growth
This week, you could be forgiven for thinking bitcoin has ceded ground at the epicenter of the crypto zeitgeist to non-fungible tokens (NFT). Bitcoin’s price dropped to its lowest level since March 8, after failing to consolidate gains made on yet another Elon Musk tweet. Meanwhile, NFT stories were everywhere again. Another Beeple art piece sold for $6 million to raise funds for the Open Earth Foundation’s efforts to fight climate change, and both The New York Times and Time Magazine announced sales of their own NFTs. It’s also true that bitcoin continues to attract attention in financial troubled…
-
Carbon Pathfinder KAU is available for global subscription, come and participate!
In order to improve the quality of global environmental protection, drive the combination of blockchain technology + environmental protection, and establish a unified global carbon policy and carbon market, the Ministry of Environmental Protection of South Korea and the International Environmental Protection Organization (WWF), Singapore, the United States, Australia, France, etc. jointly initiated the establishment The main body of carbon emission operation, launched the carbon pather KAU, a global ecological civilization construction system that uses blockchain technology to solve the pain points of the current environmental protection and health industry….
-
Mix of Old, Wrong and Dubious ‘News’ Scares Rookie Investors, Fuels Crypto Selloff
Call it the recipe for perfect market meltdown: Take a dubious tweet about an unconfirmed U.S. investigation of financial institutions using crypto to launder money, a report that doesn’t appear to have come from Bloomberg, Dow Jones, Reuters or any other reputable news service. Take that tweet and sprinkle it throughout the cryptoverse. Shake vigorously. Add a new CNBC tweet about a month-old Reuters report regarding a coming crypto ban in India. Let marinate until fully absorbed, about 30 minutes. Next fold in several (now-deleted) tweets that incorrectly implied that the Coinbase CEO had sold…
-
An AMA about KList
Moderator：Today, we are honored to have KList Sponsor Adam Durst at the KList TG group, and give us a detailed introduction to KList’s strengths and future development plans. Now let’s welcome Adam. Adam：Thanks to the moderator and thanks to our KList friends. We can start now. Moderator：Please tell us briefly what KList is used for? Adam：Klist is a cross-chain super IDO protocol built for decentralization. KList will first be deployed on the OKexChain, and then we will deploy a cross-chain IDO platform that supports multiple chains on Ethereum…
-
US Inflation Rate Accelerates in February, Could Go Higher as Economy Reheats
The U.S. Consumer Price Index (CPI) rose 0.4% in February, leaving it up 1.7% over the last 12 months, in line with economists’ expectations, a Labor Department report Wednesday showed. The 12-month rate represents an acceleration from January’s 1.4% clip, a pickup partly driven by higher gasoline prices, which rose 6.9% in February, accounting for over half of the seasonally adjusted increase in the all-items index, according to the Labor Department’s Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose 0.1% in February, the report showed. That level was…
-
European royal noble favorite essential oil workshop Estrella Choelus
“Estrella Choelus,” translated from ancient Greek as “Estrella Chœlus,” originally meant a star that was permanent, pleasant, and beautiful.In 1844, while refining essential oils, Galio di Vincenzo, a vegetable oil refiner, discovered that the fragrance they gave off when heated not only made people feel good, but also cured his perennial insomnia.For this reason, he opened an essential oil treatment workshop Estrella Chœlus in a small town to treat anxiety, insomnia and depression by heating essential oil.Guests could not only enjoy the fragrance treatment in the store, but also they could buy back home…
-
Rep. Gaetz of Blockchain Caucus Faces Investigation for Sexual Misconduct: Report
U.S. lawmaker Matt Gaetz (R-Fla.), a member of the Congressional Blockchain Caucus who has put his name to a handful of pro-blockchain bills and letters, is under investigation by the Department of Justice, which is looking into whether he had a sexual relationship with a minor, the New York Times reported Tuesday. According to the report, which cited “three people briefed on the matter,” Gaetz is also being investigated over whether or not he violated federal sex trafficking laws. He allegedly may have paid for a 17-year-old to travel with him. The investigation is part…
-
BSC will be launched in April, ERC, Heco, BSC, TRC four chains will be issued at the same time
The Coinbasis native token BasisCoin (abbreviation: BSC) is scheduled to be launched in April and will be launched on the four chains which are ERC, Heco, BSCand TRC. Coinbasis is an encryption platform jointly launched by the Australian bitcoin mining hardware giant Bitfury, FlashFX, AgriDigital and Othera, which is dedicated to the layout of the distributed storage ecosystem and the establishment and trading of distributed storage financial derivatives. It has been licensed the ASIC. BSC provides users with liquidity mining and lowers the entry threshold for blockchain mining. At the…
-
The Graph to Host Protocol Governance on Decentralized GitHub Alternative Radicle
Web 3.0 analytics and querying platform The Graph announced Radicle, a peer-to-peer software building stack, will host its governance protocol, the Graph Improvement Proposal (GIP) Process. All future protocol governance will also be hosted on Radicle, which is akin to a decentralized GitHub. The GIP process is meant to make sure protocol upgrades are frictionless and to allow the decentralized community and stakeholders to contribute to the overall development of the Graph protocol. It lays out how contributors can propose an idea and provides a methodology for the The Graph Council, which governs…
