News Snapshot:
Chinese tech company Meitu now has $40 million worth of Bitcoin and Ethereum on its balance sheet Cover image via stock.adobe.com Google News Corporate adoption of cryptocurrencies is apparently spilling over into Asia. Chinese tech company Meitu has purchased $22.1 million worth of Bitcoin and $17.9 million worth of Ethereum with its cash reserves, according to a March 7 press release . It is the very first Hong Kong-listed company to make such a move. Its board of directors has agreed to invest up to $100 million into cryptocurrency. Meitu—whose hit photo-editing app boasts 456 million users—compares the disruptive potential...
