Massive Bitcoin Buys in Asia

HK Asia Holdings announced the purchase of one Bitcoin on February 13, calling this investment “symbolic in scale.” Following the public announcement, the company’s stocks surged by 93% between February 13 and 17. This increase catapulted the stock to 5.50 HKD (Hong Kong Dollars) which is the equivalent of $0.71. While the price has fluctuated […]

Business intelligence firm MicroStrategy has invested $250 million into bitcoin, accumulating about 0.1 percent of the total supply. The post MicroStrategy Buys Massive 0.1 Percent Of Total Bitcoin Supply appeared first on Bitcoin Magazine.

There has been tremendous potential for bitcoin growth these days, especially since the underlying blockchain technology has also been under the spotlight. For venture capitalist John Kim, there are still plenty of untapped opportunities for bitcoin growth in South East Asia. Kim shared his thoughts on the potential for bitcoin companies to thrive in the region during his presentation at the Coin Congress conference. He was joined by other speakers such as Brock Pierce, an advisor for Coin Congress. Bitcoin Growth in Asia. Kim pointed out that South East Asia is home to 618 million people,....

The ways that bitcoin is used all over Asia varies depending on several factors such as market demand, government restrictions, and culture. According to the region's prominent bitcoin companies, there are three major uses of the cryptocurrency in Asia: investment, remittance, and currency. Using the crowdsourced feedback from Ron Hose from Coins.ph, Mario Gomez Lozada from Quoine, Aurélien Menant from Gatecoin, Danyal Manzar from Urdubit, and Saurabh Agrawal from Zebpay, Tech in Asia mapped out these primary uses in each country. Functions of Bitcoin in Asia. The first major usage of....

Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.