Month: January 2021

Robinhood’s halt of trading is a nightmare for crypto holders

The bedlam in Wall Street has seemingly spilt over into the crypto sector Yesterday, the US-based commission-free online broker Robinhood announced it was halting trading of some stocks. The move has resulted in an uproar among traders and investors who are currently over a barrel.  Many have questioned the rationality of Robinhood holding its customers’ …

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Coinbase proposes direct listing of its shares on the stock market

Coinbase, the leading cryptocurrency exchange plans to take the company public The US-based cryptocurrency exchange Coinbase announced its plans for a direct listing of its shares on the stock market. The leading crypto exchange made this known in a blog post yesterday as it continues its plans towards becoming a publicly-traded company. “Coinbase Global today …

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Who Are WallStreetBets? – How the Retail Community Changes the Wall Street Rules

A hedge funds’ drama is currently unravelling on Wall Street, as veteran hedge funds are squeezed out of their short positions by “amateurs.” For once, retail traders have beat  Wall Street at their own  game and are winning by a long shot. It all started with “WallStreetBets” – a subreddit group which functions like a …

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Institutional investor base too weak to keep Bitcoin over $30k

Guggenheim’s Chief Investment Officer Scott Minerd has claimed that institutional investor demand is not helping to sustain Bitcoin’s current price Despite playing a pivotal role in driving Bitcoin (BTC) to a new all-time high, Minerd believes institutional investors are not doing enough. Minerd posited his take on Bloomberg Television, suggesting a bearish outlook for the …

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Bitcoin is yet to establish itself as a viable store of value: BlackRock CEO

BlackRock’s chief executive Larry Fink believes Bitcoin (BTC) has the potential to become a widely accepted store of value  Laurence Fink, the CEO of Blackrock, the world’s largest asset manager, argued that the crypto sector is yet to become established. He went on to explain that Bitcoin could evolve to become a good store of …

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Signal messaging app considering crypto payment services

The secure messaging app, Signal, is reportedly considering venturing into cryptocurrency payment services Signal messaging app is currently developing cryptocurrency payments and other features to compete in the messaging and payment sector. According to Platformer, the firm is actively developing payment features in line with Stellar-based, privacy-focused crypto called MobileCoin. Signal CEO Moxie Marlinspike is …

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University endowment funds have been investing in crypto

According to Coindesk, major university endowments have quietly been purchasing crypto assets since 2018 Coindesk sources revealed that some of the largest uni endowment funds have gradually been accruing crypto via exchanges like Coinbase. The crypto media outlet detailed that Harvard, Yale, and Brown endowment funds have accounts at Coinbase and other exchanges that facilitate …

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