Rumors Fly That Apple Has Bought $2.5 Billion In Bitcoin
Crypto Twitter has exploded with talk that Apple will soon announce a Bitcoin purchase in the billions of dollars. For example, Galaxy Trading is one of many pushing this rumor. They say the figure is more than $2 billion. Rumors that #Apple have purchased more than $2B in #Bitcoin 😳 — GalaxyTrading🅡 (@GalaxyTraging) July 12, […]
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Apple is currently the second largest company by market cap behind Microsoft, with Cook personally worth more than $1 billion. Apple chief executive officer Tim Cook said he owns some crypto as "part of a diversified portfolio," but is not planning for the tech company to follow Tesla’s example by investing in Bitcoin or other tokens.Speaking at the New York Times’ DealBook Online Summit on Nov. 9, Cook said he would not use the company’s roughly $200 billion in cash on hand to invest in cryptocurrencies. He also did not intend to accept crypto as a means of a payment for Apple products....
Andrew Karam isn't your average nine-year-old. While most kids his age ask for the latest must-have toy for their birthdays, Andrew requested shares in Apple. His parents bought him $120-worth and Andrew watched the price of the stock with interest, checking regularly whether his investment had gone up or down in value. Andrew's dad, Steve, later told him about bitcoin and the schoolboy was well and truly hooked. "He was incredibly excited about it and asked if I could take his Apple stock and cash it out for BTC, so I made him a paper wallet and ... bought a bit at a time during the....
Crypto lending platform BlockFi addressed the rumors of a potential purchase from major crypto exchange platform FTX. Initially reported by U.S. news outlet CNBC, the company was allegedly being bought by FTX at a $25 million valuation, a 99% discount from its nearly $5 billion 2021 valuation. Related Reading | Colombia Launches National Land Registry on […]
Wallets of various descriptions have come into vogue of late. Some of these wallets are run by large IT companies like Apple and Google, whilst others are run by financial institutions such as the banks. Then there are the likes of Paypal who also have a stake in the whole wallet business. These wallets exist in different forms and shapes and while some are only payment apps, others feature contactless payment technology which allow people to pay for things at shops. The underlying technologies for these wallets range from QR, NFC, Wi-Fi, Bluetooth etc. Surge in payment apps. According to....
Apple Inc. is well positioned to offer cryptocurrency trading, according to an analyst with global investment bank RBC Capital Markets. Not only will Apple gain instant market share in the crypto space, but the move could also generate the Iphone maker well over $40 billion in annual revenue. In addition, the analyst says that Apple should follow Tesla’s example and add bitcoin to its balance sheet. Analyst Says Apple to Benefit From Offering Crypto Trading, Should Add Bitcoin to Treasury RBC Capital Markets analyst Mitch Steves believes that Apple Inc. has a “clear....