Month: January 2021

#Bitcoin Trend Grips Twitter as Elon Musk Adds BTC to his Bio

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One of the world’s richest men and Tesla CEO, Elon Musk, recently made a very interesting change in his twitter bio: he placed “#bitcoin Ƀ” in it. Shortly after this change, he tweeted: “In retrospect, it was inevitable.” This has spurred a flurry of speculations as to what the change in his bio meant in relation to the succeeding tweet. Elon Musk’s Midas Touch? Bitcoin has been struggling to break through the $30,000-$32,000 levels in the past week. When it seemed like the digital currency would be going sideways for…

SEC is looking into Robinhood’s handling of Gamestop trading

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The U.S. securities watchdog is looking into the affair of Robinhood and the Redditors. At least in so many words. The Securities and Exchange Commission made a joint statement on Friday expressing concern over the “extreme price volatility of certain stocks’ trading prices over the past several days.” Though the commission did using the words “Gamestop,” “Robinhood,” or “Reddit,” it’s obvious that what the commission is talking about is the recent chaos surrounding the three. It’s already attracted major regulatory pressure. The SEC did, however, specify: “The Commission will closely…

Original altcoins lose ground to DeFi newcomers

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Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for all the projects combined. Out of the 410 assets analyzed, 157 hit their all-time high in 2018, having lost since then an average of 90.71% in value. A further 67 assets hit their all-time high…

Elon Musk #Bitcoin Moment Adds to Dogecoin, GameStop Wackiness

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Bitcoin (BTC) which seemed uncannily listless for most of this wild week, suddenly found energy after Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest man, changed his Twitter bio to mention the cryptocurrency. (See screen grab below, in Omkar Godbole’s Bitcoin Watch column.)  The price of bitcoin, the oldest and largest cryptocurrency, surged 12% to about $37,400, around the highest in two weeks. According to Decrypt, the sudden surge higher caused some $420 million of trader positions to be liquidated – a delicious bit of…

World’s richest man Elon Musk boosts Bitcoin price by 20% — Is $40K back in play?

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Bitcoin (BTC) has been correcting since the peak high at $42,000. However, this correction might have ended as a significant momentum shift occurred in recent days.  The GameStop debacle raised many questions about big parties’ trustworthiness and exchanges, after which more and more people started to claim that decentralization is the future. Among these people is Elon Musk who is worth nearly $183 billion, according to Forbes making him the world’s richest person. The Tesla CEO included #Bitcoin in his Twitter profile and also wrote “in retrospect, it was inevitable.”…

CRYPTO MARKET UPDATE – Bad News for US, Bitcoin $24k!, Cardano ADA, Binance BNB

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s video, we discuss top 10 cryptocurrenies market update, Bitcoin BTC breaking $24k, some very bad news for US citizens, Cardano ADA, Binance BNB breaking all time high soon and more. 🙏 Please help me hit my goal of 50k Subscribers by end of year! 🙏 Get my free 15 video cryptocurrency course: 🔥 Trade Crypto on Binance (get trading discounts): (Worldwide) (US) 🧾 Best Crypto Tax Software (Get 10% discount): 💎 Use a VPN to Protect Yourself! (1 week for…

Bitcoin is “gold-like” but governments won’t let it win

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Billionaire hedge fund manager Ray Dalio has sought to clarify his views on the world’s most famous digital asset with the publication of a short essay titled “What I Really Think of Bitcoin”. Dalio’s views on Bitcoin (BTC) — which he said should be read directly to avoid media misinterpretation — are both hopeful and cautious. Firstly, Dalio recognized the technical accomplishments of Bitcoin and praised its ability to last for over a decade already: “I believe Bitcoin is one hell of an invention. To have invented a new type…

$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange – Finance Bitcoin News

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Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange. The company says the offering is the largest IPO of a bitcoin investment fund in Canada to date. Ninepoint Partners announced Wednesday that its Bitcoin Trust has completed an initial public offering (IPO) of CAD$230 million ($180 million). “It is the largest initial public offering of a bitcoin investment fund in Canada to date,” said John Wilson, Ninepoint’s co-CEO and managing partner. The fund’s Class A units are now…

New project uses rollups to build Linux-based decentralized computer

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The Cartesi team thinks rollups can be used for more than just Solidity smart contracts. Layer-two project Cartesi has unveiled a rollup-centric design for its Cartesi Machine, a Linux-based virtual machine that would allow developers to run any type of computing application secured via blockchains. Cartesi’s design uses a slightly modified version of Optimistic Rollups, a layer-two technology developed within the Ethereum ecosystem, to power its virtual machine. In contrast with Optimism’s implementation, which uses this type of rollups primarily to maintain full compatibility with Ethereum smart contracts, Cartesi wants…

Robinhood suspends instant deposits for crypto purchases over DOGE spike

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Stock and cryptocurrency-trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Jan. 29, citing “extraordinary market conditions.” Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to five business days to clear. A Robinhood spokesperson told CNBC that the company would “keep monitoring market conditions and communicating with our customers. Robinhood has faced recent criticism for suspending trading in a number of traditional stocks, including GameStop, which were being supported by retail investors to…