Day: December 9, 2020

Robinhood Choses Goldman Sachs to Lead 2021 IPO

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Despite that Robinhood had not officially announced the IPO, the sources stated that the trading company would go public before the end of 2021 Q1. Trading platform Robinhood Markets Inc has chosen investment banking company Goldman Sachs to lead its initial public offering (IPO) in 2021. The trading app also hopes that the IPO would push the company’s valuation to over $20 billion.  Citing familiar sources, the New York Post said in a report that the time and valuation of the offering will be subject to market conditions. The report noted that the company…

Steve Wozniak’s New Crypto WOZX Price Skyrockets Ahead of Second Listing

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After only five days of trading, the newly-launched token WOZX has recorded 26X gains, which is a magnificent increase of 1,400% in value for a period of less than a week. WOZX, the new token of Apple co-founder Steve Wozniak, registered an astonishing run in the price increase up to almost 26X last week, besides doubling its price today. Since its first being listing on the HBTC exchange on Dec. 3, WOZX price has been up 2,490%. At the time of opening, it was trading at 10 cents per token,…

Bitcoin Bullish Hammer Reversal Forming, But Beware Of Bull Trap Potential

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Bitcoin price dipped as low as $17,700 overnight before bulls drew a line in the sand and began to defend the recent rally. Although the move down was sharp and severe, the strength of bulls has left a long wick behind and a bullish “hammer” is forming. A daily close at or above $18,500 could signal another push higher, but it also could be bait for a massive bull trap. Bitcoin Bulls Drop The Hammer On Bears Following Overnight Selloff Bitcoin bulls are unstoppable these days. They are now led…

First CoinSwap Test Forecasts Era of Stronger Bitcoin Privacy

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CoinSwap, a promising Bitcoin privacy technology, was finally put to the test on Tuesday.  Bitcoin is not very private, despite the perceptions to the contrary. The full history of every transaction on the Bitcoin blockchain is public for anyone to browse. CoinSwaps are a type of transaction that boosts a user’s privacy by making that history much less straightforward. “A big day for bitcoin privacy and fungibility,”  tweeted Bitcoin privacy developer Chris Belcher when announcing the transaction. Belcher claims it’s the first of its kind sent on Bitcoin’s testnet. CoinSwap…

19-year-old Ukrainian politician reports crypto holdings of $24M in Monero

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A newly appointed official in Ukraine has officially declared his cryptocurrency holdings including a significant amount of privacy-focused cryptocurrency Monero (XMR). Rostyslav Solod, a 19-year-old deputy of the Kramatorsk regional department and the son of Ukrainian politicians Natalia Korolevska and Yuriy Solod, reported holdings of 185,000 XMR, worth about $24.5 million at publishing time. According to a declaration published on Dec. 2, Solod became the owner of this Monero fortune back in March 2015, when he was 14 years old. At the time, Monero was trading at around $0.50 per…

Is Mining City a Ponzi Scheme?

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While performing a search on the internet, it is currently easy to find articles exploring whether Mining City is a Ponzi scheme or not. There are indeed some misunderstandings and bad press, but you have to keep a cool head. You should take a look at Mining City objectively, weigh all the arguments, ignore the gossip or emotional opinions, and make a fair judgment for yourself. Today we will answer the question… Is the company legit and trustworthy? Cryptocurrency is not a Ponzi scheme Many people in history have immortalized…

Sales of Electric Vehicles Remain Buoyant Despite COVID-19

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Depending on how long this pandemic lasts, whether more lockdowns happen, and how fast economies recover, the outlook projected for the EV market could change. As we reach the end of a difficult year for many industries, interesting data has emerged in car sales. As governments responded to the COVID-19 pandemic with lockdowns, car sales dropped drastically in the first half of the year. However, one segment of the global light vehicle market, electric vehicles, remained resilient. A report by the International Energy Agency (IEA) showed that, despite the pandemic,…

CoinDesk Hosts ‘Mastering Blockchain’ Book Launch Dec. 15

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There is a shared sense that the world has shifted.  “Mastering Blockchain: Unlocking the Power of Cryptocurrencies, Smart Contracts, and Decentralized Applications” by Daniel Cawrey and Lorne Lantz from O’Reilly Media is a masterful guide on the essentials of blockchain technology.  Often a daunting and elusive subject matter, Cawrey and Lantz demystify blockchain technology by presenting history, breaking down fundamentals, and providing real-life implementations covering the space with clarity and precision. Years of research led to their intimate understanding of the technology, but it was the conversations along the way…

Ensuring trust in crypto is tough, but audits and transparency go a long way

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On Dec. 9, the total market capitalization of cryptocurrencies soared past $535 billion. This is a significant increase from last year, when the cumulative market capitalization of cryptocurrencies was just over $199 billion.  With such impressive growth underway, it shouldn’t come as a surprise that companies operating in the cryptocurrency sector are taking additional measures to ensure trust among investors. For instance, some cryptocurrency platforms have begun to publicly announce audits to confirm the number of digital assets held under management. Most recently, the crypto lending and borrowing platform Celsius…