Chinese Photo Editing App Meitu Discloses $40M Crypto Purchase – March 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$49,950

Bitcoin price broke the $50,000 mark once again over the weekend, now hovering slightly below the key level going into Monday.

Top-20 altcoins are very stationary over the last 24 hours of trading, as Ethereum gains less than 1%, XRP rises 3%, and THETA is the biggest gainer with a gain of 9%.

Top Stories for March 8, 2021 🔥

👉 Chinese Photo Editing App Meitu Discloses $40M Crypto Purchase

Chinese photo retouching app company, Meitu, has disclosed purchases of Bitcoin (BTC) and Ether (ETH) totaling $40 million.

The exact amount of crypto within the purchases included 15,000 ETH and 379.12 BTC, under a company investment plan which permitted cryptocurrency purchases up to $100 million.

Meitu is one of the most popular mobile apps in China, with a market cap of around $1.5 billion. According to reports, the company is also exploring launching an Ethereum-based app.

👉 IRS Launches Program To Uncover Unreported Crypto Income

The US Internal Revenue Service (IRS) has announced “Operation Hidden Treasure”, a program focused on finding unreported cryptocurrency-related income.

The program will train agents to pinpoint tax evasion on blockchain public ledgers, in a joint effort between the IRS’s civil office of fraud enforcement and criminal investigation unit.

👉 Uniswap’s UNI Token Becomes First DeFi Token In Top 10

Uniswap’s UNI governance token has soared over 50% within a single week, earning the token a place in the top-10 cryptocurrencies ranked by market cap.Each UNI token is now valued at more than $33, giving it a total market cap of around $17 billion.

The surge has coincided with rumors that the decentralized exchange’s V3 upgrade may soon be launched.