Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Tencent Holdings Ltd (OTC:TCEHY) looks to shut down its game streaming service citing a shift in its business strategy, Bloomberg reports.
- The streaming platform, called Penguin Esports, will terminate all services on June 7 after having already suspended new user registrations and in-app purchases.
- Tencent looks to compensate users by giving away digital coupons in games like League of Legends, operated by Tencent-owned Riot Games Inc.
- Tencent made a move more than a year after Beijing blocked it from creating China’s equivalent of Amazon.com Inc’s (NASDAQ:AMZN) Twitch through a merger.
- In 2020, Tencent’s proposed combining investees HUYA Inc (NYSE:HUYA) and DouYu International Holdings Ltd (NASDAQ:DOYU) earned a veto from China’s antitrust watchdog.
- Tencent looked to fold Penguin Esports, valued at $6 billion, into the newly combined company.
- Beijing’s regulators had not approved a single gaming title by Tencent or any other game developer since July.
- Price Action: BILI shares traded lower by 1.57% at $29.55 in the premarket on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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