Bollywood’s Big ‘B’, Mr. Amitabh Bachchan is now Big ‘B’ in the Bitcoin world!

Nishanth Shetty

Nishanth Shetty

December 20, 2017 1:11 pm

Bollywood's Big 'B', Mr. Amitabh Bachchan is now Big 'B' in the Bitcoin world! | Coindelite News
7024 Total Views

Bitcoin News

Amitabh and Abhishek Bachchan saw their $250,000 investment in Meridian Tech (Bitcoin) skyrocket to $17.5 million in value.

For decades, Amitabh Bachchan has been the Showbiz Trendsetter, and now he is expanding that tag to invest.

Last week, Ziddu.com – A property owned by Singapore-based Meridian Tech, which Amitabh and his son Abhishek invested in $ 250,000 in 2015 – acquired by LongFin Corp, according to a report by The Economic Times.

The deal lasted only two days after the Longfin stock was listed in NASDAQ. Shares between Wednesday and Monday were up by 1,000 percent. After a rise of 2,500 percent on Friday, while the company announced its decision to acquire Ziddu.

While Bachchan invested in Meridian, Ziddu described “Cloud Storage and e-Distribution startup”. However, this month, the description changed to “a Blockchain technology empowered solutions provider”, which provides microfinance “cryptocurrencies across continents”.

So when Longfin Ziddu’s acquisition was announced, Bachchan’s 250,000 shares of LongFin in lieu instead of their holdings in Meridian Tech, saw the skyrocket worth $ 17.5 million worth USD 250,000.

LongFin thanks to the increase in blockchain and cryptocurrency this year. Many technology companies with different names of early explanations add one or both of these words to their names or descriptions, and their stock prices have risen exponentially over a period of time.

Venkat Meenavalli, Chairman, and CEO of LongFin Corp said:

“It’s crazy… the global euphoria over Blockchain is sweeping the world…no intrinsic value can be attached.” 

But still, now, there is no response from Mr.Bachchan regarding the cryptocurrency money. He did not reveal what he is going to do with it.

No Comments
Reason for Hike in XRP Value Explained!!!

XRP prices seem to have Spiked Lately Ripple is generating notable gains as the huge cryptocurrency market pushed higher. According to Coindelite, the XRP token attained a value of $0.8768. Coindelite figures show that Ripple rose by 20% over the last 24 hours and has climbed to its highest since …

Belgium Offers World Food Programme Blockchain Project

World Food Programme Blockchain Project to be Contributed by Belgium According to World Food Programme report, the government of Belgium is going contribute €2 mln for promoting a Blockchain project through World Food Programme (WFP). The donation would allow United Nations (UN) to utilize Blockchain technology to fight against hunger …

Amazon Web Series is Making the use of Hyperledger and Ethereum easy

Amazon Web Series to Start a New service for Hyperledger and Ethereum easy Amazon Web Services has recently announced the service it is going to launch out-of-the-box a blockchain service for Ethereum and Hyperledger Fabric protocols. AWS chief evangelist Jeff Barr wrote in a blog post: “Recently available templates allow …

Australia to Mine Bitcoins by reopening Coal Power Plant

Contract with Crypto Mining firm Signed by Australia to reopen Coal Power Plant A contract has been signed with the IOT Group, a cryptocurrency mining firm by Australia’s Hunter energy to reopen a coal power plant in the Hunter Valley Region of Australia. Although new and advancing technologies are largely …

NY Federal Reserve Chief Nominee says Cryptocurrencies can’t Replace Dollar

Digital Currencies cannot replace Paper Currency says NY Fed Chief Nominee CEO of Twitter Jack Dorsey predicted that Bitcoin would surpass all the world’s currencies in around ten years. But the man nominated to be the head of New York Federal Reserve differs. In a speech on Friday, the present …

Blue Check Mark on Twitter Doesn’t mean your Account is Safe

Bad Checks: Twitter’s Identity Crisis Costs Users More Than Bitcoin According to a Russian Writer, it’s one of crypto’s most generally embraced slogans, though one that’s becoming even more important on social media, where battling factions inclined on promoting the next big high-tech investment are presently turning the very symbols …

Press Release

shares