MetaPlanet has adopted Bitcoin as a reserve asset
On any economic problem it is said that "Bitcoin fixes this" - this saying has been proved by Japan-based TSC listed firm MetaPlanet. Japan's debt-to-GDP ratio has exceeded 250%, due to burden, the Japanese currency yen is also experiencing volatility, this is putting great pressure on Japanese industries. MetaPlanet has adopted Bitcoin as a reserve asset to hedge against the current volatility.
OTHER NEWS
EARN
$100k worth CTP token Airdrop
CTP is native token of Korea-based' CTomorrow smart data factory. Gate io is giving away (Airdrop) of 23114042 CTP token (worth $100k) in initial offering to Gate token (GT) hodlers and VIPs.
Duration period is May 28 to 30
BITCOIN
Hong Kong is Bitcoin hub for Chinese
There are no controversial restrictions imposed on Bitcoin in Hong Kong, so mainland Chinese enthusiastically attend Bitcoin events in Hong Kong.
Most recently, the Bitcoin Asia conference held in Hong Kong was attended by about 5,500 people, most of whom were mainland Chinese.
WHALE
Dormant Bitcoin Whale Awakens
Two dormant BTC wallets containing 500 BTC each, awakened after over a decade, and transferred all 1k BTC in 20 minutes.
According to tracker Lookonchain, those wallets received their BTC at the average price of $124 each on Sept 12, and Sept 13, 2013.
Tracker Whale Alert found that transaction were done on
- First) Sunday, 12 May 2024 09:46:05 UTC), with 0.00002843 BTC Fee (1.73 USD). and
- Second) Sunday, 12 May 2024 10:06:19 UTC), with 0.00002819 BTC Fee (1.72 USD)
CRYPTO BUSINESS
BlockFi is shutting down
The popular centralised lending platform BlockFi is all set to shut down. BlockFi is bankrupt; it cannot continue in business. My research indicates that it was actually pressure and fines from US authorities that led BlockFi to close its rising business.
BlockFi Clients are eligible to withdraw through Coinbase
BlockFi has announced its shutdown; however, it has ensured that its clients won't be harmed. BlockFi has arranged that its clients will be able to access their crypto withdrawal facility via Coinbase.
