French retailer will launch a TEZOS Baseline, the Chinese mobile application developer went to Microsoft's footsteps, Morgan Stanley will open access to three Bitcoin Funds - about these and other Morning news on March 18 in our review
Bitcoin consolidates above $ 59,000 after a sharp growth on Wednesday at the American session. The first cryptocurrency tested the current intraday maximum at the level of $ 59,380 and at the time of writing the article traded in the region of $ 59 150.
During the day, the first cryptocurrency has risen in price by more than 5%. In the week ratio, the growth was 4.9%.
Top 100 Growth Leaders for the last 24 hours
- KYBER NETWORK (KNC) + 36%
- Filecoin (FIL) + 24%
- Celo (Celo) + 22%
Top 100 Fall Leaders over the past 24 hours
- Terra (LUNA) -4.6%
- Flow (Flow) -4.6%
- NEM (XEM) -3.4%
This looks like a dozen largest cryptocurrency on market capitalization.
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Morning news on March 18
Morgan Stanley will offer wealthy customers with access to three Bitcoin Funds. This is reported by CNBC with reference to internal sources. One of the largest American investment banks with client assets in the amount of more than 4 trillion dollars makes one more step towards a new assets class.
Access to Bitcoin Funds will receive customers who have at least $ 2 million in bank accounts. Such a high threshold in Morgan Stanley was explained by extreme cryptocurrency volatility. Bitcoin is considered a high-roofing asset and, accordingly, not to all investors. There are other limitations. For example, an account must be opened at least six months ago.
It is known that two funds will be from Galaxy Digital, a cryptocurrency company Mike Novogratz, and the third is the joint brainchild of the assets of FS Investments and the Bitcoin-company NYDIG.
The Chinese Mobile Application Developer Meitu bought Bitcoin and air $ 50 million dollars. This is reported in disclosing information about transactions for the Hong Kong Stock Exchange. This is already the second investment of the Chinese giant in digital currencies. At the beginning of the month, the company announced the purchase of cryptocurrency assets by $ 40 million. This time, the company acquired 16,000 Eth (about $ 28.4 million) and 386 BTC ($ 21.6 million) through its subsidiary Miracle Vision. Thus, the cryptocurrency investments of Meitu are approaching $ 100 million.
The statement says that the purchase is made in accordance with the cryptocurrency investment plan of the company.
French retailer with a 120-year history, Groupe Casino, plans to launch Stelkin based on the TEZOS platform. The coin will be tied to the euro. This was announced by the French journalist Gregory Reymond at twitter. Presumably, the company will use a coin in its loyalty program, as well as for trading. Groupe Casino serves more than 11 thousand shops in France and Latin America.
The new stelkin will be called Lugh (EURL) in honor of the God of Irish mythology. The first 500 thousand coins will be available exclusively on the Coinhouse's affiliate cryptocurrency Stock Exchange until the test stage is completed. Then the coin will be released on other platforms.
The POST What happened on the cryptors until everyone slept - overview from March 18 Appeared First On Beincrypto.