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Meitu is a Chinese photo-editing app maker launched in 2008. In a recent report, Meitu reveals that it purchased a decent amount of stake in crypto coins. It purchased $22 Million worth of Ethereum.
Also, Bitcoin for $17.9 Million. Flowing major investors in cryptos like Tesla and Square. Meitu is also backing cryptocurrencies with its extensive cash reserve. Although most of these companies invested in BTC, Meitu stands out the most. Its major portion of the investment is into the Ethereum blockchain coin ether.
Why did Meitu Bought ETH & BTC?
This act proves that Meitu is a crypto supporter. The company also said cryptocurrencies provide diversification. There are Speculations that Meitu might look into entering the blockchain app business.
After the company revealed this on Sunday. The prices of ether have seen a positive change. Bitcoin runs on its blockchain. Whereas Ethereum runs on a different network altogether. It operates on an open-source blockchain technology that is developer-friendly. This means any developer can develop apps on the Ethereum blockchain. What’s more the company can also use ether as its payment driving force. As it works seamlessly on top of this blockchain. In a statement, Meitu compares blockchain to the disruption smartphones bought. They said it has the potential to bring a change in the technological and financial sector.
They also stated that cryptocurrencies have a large space for improvement monetarily. And the company can benefit from that in the long-run by diversification. By allocating a part of its cash treasury they can even counter devaluation.
About Meitu
There was a time in the early 2010s when Meitu was the pioneer in the beatification of photos. It created that 
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.
dominance just by providing touch-ups to regular pictures in China. But all this came to a stand-still after smartphones took over the industry by storm. Now, most devices come with a built-in filter that creates similar effects. This makes it hard for companies like Meitu to survive in the market. The company which was HK$18 in 2017 is now standing at just HK$3 currently.Meitu’s chairperson Mr. Cai Wensheng is also an amid supporter of this revolution. Even though coin offering and crypto exchanges are not allowed in China. He says, he purchased around 10K Bitcoins in 2018 alone.
More details about the purchase
Meitu aims to create an alternative growth plan. There are doing that by investing in the crypto world with a positive mindset. On 7th March it purchased close to 15K ether that is worth $22.1 Million. And around 380 Bitcoins worth $17.9 Million. All these transactions took place in the open market. Bit, this is not the end, the company is looking to invest more. With around $100 Million in cash reserves. Meitu aims to invest all that into cryptocurrencies. Considering that, this might be their first buy, out of the many coming in the future.
If you are an amid investor or someone who likes to follow the operations in the financial sector. You must have heard about Cryptocurrencies. Although most of our readers know what is 
cryptocurrency. They fail to understand the true property of a cryptocurrency. So, in this article, we will take you on an in-depth deep dive into the world of cryptocurrencies. Reading this article will make you understand the true nature of cryptocurrencies. This will also help you in understanding why most HODLers believe in them.
What is a Currency?
Before diving into the crypto part let’s first understand what does a currency means. Before the rise of currency, people used the barter system as the medium of exchange. But as humanity evolved so did the demands. This made it harder to transact via the barter system. and led to the currency.
The currency is just a state-promised medium of exchange. There are many uses of currency. But the basic use is to exchange it for anything with an equivalent value. Governments issue currency in the form of paper or coin. Which the nation has to accept at its face value.
What is Cryptocurrency?
A Cryptocurrency offers similar fulfillments which occur virtually. What’s more, there are no mediators or regulators of cryptocurrency who can manipulate it. You can use it to transact online. It works on the framework of blockchain. Blockchain is one of the most flourishing decentralized technology of this era. It is across the internet on various devices to record and manage operations.
Properties of Cryptocurrency
Below are some of the basic properties of a cryptocurrency:
It is in-tangible
Although most of the previous currencies were tangible. Cryptocurrencies are 100% virtual and there is no physical form for them.
Decentralized
A primary reason for this rapid growth in the crypto market is its decentralized nature. This is what intrigued people to look for a currency that is not in control of the government.
Various Alternatives
The most famous crypto coin of all time is bitcoin. But, we have 5000+ alternative coins in the market. These crypto agencies solve one or the other drawbacks of each other. Which makes each of them very unique and different from the other.
Future-oriented
As the value of money is going down, there has to be something that offers similar value in the future as well. With cryptocurrency’s decentralized nature it is impossible to manipulate. Therefore, it is the best.
Fulfills Basic requirement of Money
There are in total 7 requirements that you will find in money. Which are as follows:
- Essential value
- Durable nature
- Transferable
- Rare
- Stable store of value
- Divisible
- Homogeneous
All 
these qualities are present in cryptocurrencies.
Highly Volatile in Value
A big reason why most people are afraid to invest in the crypto market is its volatility. Cryptos are highly fluctuating assets as they are not governed by any entity.
Negative Uses
There are various rumors that people are using cryptocurrency for false usage. This includes trafficking, terrorism, dealing in the black market, etc.
This is also one of a few dark properties of the crypto world.
Brave is a privacy-focused web-browser that is becoming very popular these days. It has come out as the number one alternative for google chrome. In a recent interview, its founders revealed that they are working on an ad-free search engine. Brave offers users with Basic attention token (BAT) in exchange for ads which is very unique.
How will Brave Launch a Search Engine?
As per their interview, Brave revealed that it is all set to launch its very own search engine by the end of 2021. Brave is all set to hamper the Google-dominated search engine market. Google has control 
over 92% of the Market which brave is trying to bite away. Brave recently carried-out an acquisition of TailCat. A team of developers who developed the Cliqz search engine was also the founders of TailCat. With the help of Tailcat’s independent index brave is set to launch their Brave Search. Brave claims that their search engine will not access and collect personal information. Unlike Google, the brave search will work on a privacy-focused model.
Remarks made by Brave
The primary motive as stated by Brave is to give users a better browsing experience that is much safer. They also mentioned that tech giants currently dominate the current search market. In addition, they are more focused on revenue than anything else. But, with the company’s vision, the brave search will offer a more privacy-driven search engine.
Brave has seen a drastic growth in its userbase. This unforeseen change is the result of increasing demand for privacy. Brave has already seen more than 25 million users on its platform. The company also claims that the user base will keep on increasing. This will happen due to the increasing demand for privacy among people.
That’s not all the upcoming brave search engine will also be ad-free. Where brave will run the same reward program, where users can opt for BAT tokens in return. This initiative was also one of its kind which helped Brave make a place for itself.
What did TailCat say?
Tailcoat was a byproduct of Hubert Burda Media which also built the Cliqz search engine. The CEO of this company 
stated that they are happy to partner with brave. He also mentions that brave is a Google alternative. It is privacy-friendly. He applauded Brave. Indeed, it’s an overwhelming moment for Tailcoat. He also added that this is a long-term collaboration.
What can we expect?
Brave has already grown from 11 Million monthly users to 25 Million userbases. Although certain facts are yet to be known. Like, where brave just said, that they will make contributions anonymous. Even with that much going on, it is certainly a task to remove Google as the market leader. Google has been leading for ages. It is using chrome and Google as its fundamentals. CEO Brendan said many more things about brave. He added many advantages of using a privacy-focused web application.
Chainlink recently revealed in one of its tweets that from 2nd March, LINK HOLDERS can earn up to 5.5% APY in Link tokens. BlockFi which is one of the biggest crypto lenders in the market is all set to accept ChainLink deposits. Here you get link tokens as interest. 
In a recent report, Goldman Sachs revealed that bitcoin is a very speculative market. They also said bitcoin should not be an asset.
In a recent report, Goldman Sachs revealed that bitcoin is a very speculative market. They also said bitcoin should not be an asset.Currently, there are around 5000+ cryptocurrencies floating in this highly volatile market. Where investors mostly pick fast-moving tokens to earn quick bucks.
What is BlockFi?
Due to the increasing demand for cryptocurrencies. There were many people who started investing in major Crypto coins. BlockFi incorporated in 2017, is a crypto lending market. Here you can store your cryptocurrencies. In addition, you get interest for that. With an APY of up to 8% for stable coins. And somewhere around 5-6% for BTC, BlockFi offers many good deals for holders. BlockFi is the leading lending operator in the market. It has paid close to $20 Million in interest to depositors.
More about ChainLink
At times where bitcoin is growing as the number one investment of the generation. There is another altcoin proving to be worth its money. The name of this coin is “ChainLink.” In this bull run, alone chainlink has almost doubled in value making it one of the most valued crypto assets. According to various reports, the current valuation of this coin is around $3.8 Billion.
A link has already become a De-Facto Choice for many Defi platforms. As they use it for outsourcing their data feed. The total market cap of LINK is more than that of the total funds of users across other Defi platforms.
Who Are Chainlink Marines?
As you already know cryptocurrencies operate only on the base of the community. If a currency has a strong community that is ready to back its motive, then it can do wonders. Chainlink backers are not just mere supporters, you can call them devotees. People who are backing the LINK coin have named themselves “ChainLink Marines.” There are many such strong backers you will notice in most of the popular crypto space.
What is happening to Chainlink?
Recently, many exchanges have found that people are withdrawing Chainlink from their accounts. Due to which balances are declining day-by-day. In the crypto world, this serves as a valid sign of 
HODLing. When people are not interested in short-selling. They transfer their balances to a personal wallet.
HODLing. When people are not interested in short-selling. They transfer their balances to a personal wallet. This started in late May 2019, which continued till June 2020. After which Link crossed the $1 mark for the first time.
In another report, Glassnode reveals that LINK owned by the top Marines increased by almost 25% in 1 year. Where the transferring rate fell by almost 77%. Because LINK transfers are mostly of small sizes.
What’s more, Link Marines are sending funds to Chainlink smart contracts. These contracts run on top of their Oracle services. The in-bound of LINK into Smart contrast increased by 1.3% in this year alone.