January 2021

Robinhood suspends buying for GameStop following stonks going ‘to the moon’

January 28, 2021 boss

Reports are coming in this morning that trading app Robinhood has suspended trading for GameStop stock and others after GME’s price surged in a Bitcoin-like parabolic rally. Unless you’ve been living under a rock, you’ll know that average Redditors proved their investing power going up against major Wall Street traders short-selling GameStop stock. Largely fueled by small-time investors pushing back against large hedge funds, the price of the stock has risen more than 1,400% from roughly $20 on Jan. 12 to $358 at time of publication. Purportedly in response to…

GME Stock Lost 16% in Pre-Market, GameStop Rally Forces Hedge Funds to Take Exit

January 28, 2021 boss

GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions. The Reddit community r/WallStreetBets behind the ongoing short squeeze of the GameStop stock (NYSE: GME) is just refusing to give up. GameStop (GME) stock was down 16% in Thursday’s pre-market session and reached the level of $292.02. The stock is slightly up as the market opened trading at $347.51. The stock movement has created a huge uproar leaving…

Bitcoin and Ether Market Update January 28, 2021

January 28, 2021 boss

Total crypto market cap erased $52 billion from its value for the period since Monday morning and now stands at $937 billion. The top ten coins are all in green for the last 24 hours with Chainlink (LINK) and Polkadot (DOT) registering 9.4 and 6 percent of increase respectively. At the time of writing bitcoin (BTC) is trading at $31,480 on the Bitstamp daily chart, ether (ETH) dropped to $1,297. BTC/USD Bitcoin was trading in the wide range between the weekly resistance at $33,000 and the lowest candle close on…

DeFi liquidity pools, explained

January 28, 2021 boss

The simplest version of a DeFi liquidity pool holds two tokens in a smart contract to form a trading pair. Let’s use Ether (ETH) and USD Coin (USDC) as an example, and to make it simple, the price of ETH can be equal to 1,000 USDC. Liquidity providers contribute an equal value of ETH and USDC to the pool, so someone depositing 1 ETH would have to match it with 1,000 USDC. The liquidity in the pool means that when someone wants to trade ETH for USDC, they can do…

Blog: Ambition can raise global data protection standards to benefit us all

January 28, 2021 boss

Amid a busy start to 2021, Data Protection Day provides an opportunity to step back and reflect on the continued lifting of data protection standards around the world. January 28 was selected by the Council of Europe for this annual awareness day in recognition of the date that Convention 108 was first opened for signature in 1981. The convention is a commitment to a set of baseline standards around data protection and privacy. And the convention’s value has grown as its reach has increased, with ever more countries committing to…

Altcoins To Watch: ADA/USD, ZIL/USD, LINK/USD

January 28, 2021 boss

There are three altcoins to watch this and next week, as I am expecting high volume injections during weekends, my top picks are ADA/USD, LINK/USD, ZIL/USD. The sell-off ahead of the FOMC meetings has stopped today after claims made by the Chairman Mr. Powell. Mr. Powell has stated that the date of the economic recovery still remains uncertain and strictly dependent on the virus spread and vaccination advances. The US Dollar gained significantly yesterday adding 0.53% to its value hitting the 90.880 benchmark. The US Dollar rally caused some cryptocurrencies…

Bitcoin Inflows in Past 30 Days Exceed BTC’s Total Market Cap in 2017 and 2019, Says Report – News Bitcoin News

January 28, 2021 boss

The total amount of capital inflows into bitcoin during the 30 days to Jan. 25 are as high as the entire bitcoin market capitalization in September 2017 and early 2019, according to new data from Glassnode. Glassnode co-founder and CTO Rafael Schultze-Kraft tweeted that cash inflows into bitcoin (BTC), as estimated by the realized cap, reached $70 billion during the calendar month in review, equalling the whole BTC market cap value for September four years ago and early 2019. In 2017, bitcoin prices rose sharply within a space of just…

Cryptocurrency Market-Provides a fundamental analysis of the crypto market || Crypto Talkies

January 28, 2021 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency market is a Decentralized platform registered in the USA that is aimed at bringing total transparency to the blockchain industry, a platform that also provides users, traders, investors, and institutions with adequate information for a better-informed decision. Cryptocurrency Market is aimed at reducing the hassles of roaming on several platforms before retrieving specific information; the platform will concentrate on centralizing information on a decentralized platform which will in turn save both time and money. Website: Telegram: Author Bitcointalk Username: peterpanda Bitcointalk…

What’s behind its meteoric rally?

January 28, 2021 boss

ALPHA, the governance token of Alpha Finance Lab, has surged 152% in the past week. It is now the 85th most valuable cryptocurrency in the global market, breaking into the top 100 in a short period. Behind its meteoric rally are three key factors, namely the rapidly rising total value locked (TVL) of Alpha Homora, the overall positive market sentiment around DeFi, and the imminence of Alpha Homora v2. ALPHA/USDT 15-min price (Binance). Source: TradingView.com What is ALPHA, Alpha Homora and AlphaX? Alpha Homora is essentially a protocol that enables…