'Seized The Opportunity': Canada’s Bitfarms Bought $43 Million In Bitcoin During $300 Billion Crypto Crash
Leo Briefing #51
Toronto-based Bitfarms is not worried about the crash in the price of Bitcoin. In fact, the company went into “buy the dip” mode since the first of the year.
The company recently added 1,000 Bitcoin on the latest pullback. This brings the total holdings to 4,300 BTC, or roughly $175 million.
Many firms are using the recent moves in the markets to enhance their positions in the leading cryptocurrency.
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Breaking : Italian Local Bank Unicredit to Ban Accounts Trading Bitcoin
Not all are sold on cryptocurrency. The banking industry, thus far, has taken a mixed approach. We can count the Italian bank Unicredit as one that is not a fan.
The bank announced that it is cancelling all accounts that are linked to cryptocurrency trading. This is in keeping with the bank’s stance on digital assets, cryptocurrencies in particular. At issue is the fact that they are unregulated.
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Get ETH Rapper Tells 10 Million Followers
Celebrities, for better or worse, have a way of bringing things into the mainstream. Rapper Meek Mill is doing his part in promoting Ethereum.
He recently told his 10 million followers to get an Ethereum address. No further details were provided but it is being speculated that there will be an NFT to follow. Many celebrities are realizing the value of digital assets to connect with their fans.
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German Neobank N26 to Launch Cryptocurrency Services
While the Italians might not be high on digital assets, the Germans are taking another approach.
It was announced that the German bank, Neobank N26, is to launch a platform to provide cryptocurrency services to its customers. The online bank admitted that it missed out by ignoring this sector in the past and aims to correct it. The focus will be on cryptocurrency trading and equity brokerage.
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