Wednesday, April 12, 2023

Despite bitcoin rallying to over $30K, El Salvador's total holdings of 2,546 bitcoin, acquired for around $108M, are worth just $77M (Michael D McDonald/Bloomberg)

Michael D McDonald / Bloomberg:
Despite bitcoin rallying to over $30K, El Salvador's total holdings of 2,546 bitcoin, acquired for around $108M, are worth just $77M  —  Bitcoin may be at a nine-month high, but El Salvador's total holdings are still worth 29% less than what the government paid for the world's largest digital currency.



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How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a "China shedding" strategy, while Shein and Meituan seek non-US growth (Meaghan Tobin/New York Times)

Meaghan Tobin / New York Times : How Chinese tech companies navigate geopolitical tensions: TikTok and Manus adopted a “China shedding” s...