Chief Economic Advisor at financial services company Allianz, Mohamed El-Erian, told CNBC today, June 29, that he thinks Bitcoin (BTC) will eventually be treated as a store of value – and that he would consider buying if the price hits $5,000.
While El-Erian reports currently not owning any Bitcoin, the influential economist said he would consider buying at the $5,000 price point, explaining that his reasoning as being based on a “gut feeling”.
They have 90mn tokens. The current winning range of votes for BPs is 29-49mn.
— Eric (@econoar) June 28, 2018
Yes, you read that title correctly.
Earlier today (June 28th, 2018), the private Chinese cybersecurity firm, SlowMist, put up this tweet:
Messaging app Kik’s users can now begin earning and spending the cryptocurrency kin with the launch of its “crypto-economy,” the company announced Wednesday.
According to Kik, a limited number of users will be able to earn kin tokens in the Kin Marketplace Beta by taking quizzes, working on tutorials and answering polls, according to a press release. These tokens can, in turn, be used to purchase premium themes for the Kik app.
Kik is also rolling out free customization tools, including themes, for the app in response to user feedback, the company announced.
Cryptocurrency exchange Huobi Pro is to cease offering trading services to investors living in Japan starting from next month.
According to a news report from Coinpost, the exchange announced the news in an email sent to investors in Japan on Wednesday, stating it will remove the Japanese option from its homepage and suspends trading services from July 2.
Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of initial coin offerings (ICOs), in an announcement published Tuesday, June 26.
Today’s announcement says the company has been looking into the best way of “refining” its blanket ban on cryptocurrency-related advertising “over the last few months,” in order to “allow some ads while also working to ensure that they’re safe”.