Meitu suffers losses due to investments in cryptocurrencies, and Square will develop a hardware crypto wallet

Meitu suffered losses amid investments in cryptocurrencies

Meitu has released information on trial investments in digital assets. According to data at the end of June, the IT company incurred losses in the amount of $2.6 million on investments of $100 million.

Jack Dorsey’s startup will develop a hardware crypto wallet

Twitter founder Jack Dorsey’s company will develop a hardware wallet for storing the main crypto coin. Square’s new initiative aims to popularize efficient storage tools for digital currencies.

Elon Musk criticizes ETH and BTC

Elon Musk made a critical comment regarding the most popular crypto coins. The entrepreneur stated that the BTC and ETH blockchains are characterized by slow transaction processing and high costs.

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