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’ …
Robinhood’s halt of trading is a nightmare for crypto holders Read More »
MicroStrategy is far from getting its fill of Bitcoin (BTC), and according to its CEO, Michael Saylor, the firm may need to become creative to acquire more of the asset The chief executive pledged to continue injecting excess funds into the Bitcoin market yesterday in the intelligence firm’s quarterly filing. Saylor undertook to ensure shareholders …
MicroStrategy considering alternative ways to purchase Bitcoin Read More »
Stellar (XLM) price jumped more than 42% to rise towards $0.45 before aggressive selling pushed it lower The price of XLM has retreated after increasing over 42% in the past 24 hours. Downward pressure over the past few hours has seen XLM/USD slip. At the time of writing, XLM/USD is trading around $0.33, but bulls …
Stellar price analysis: XLM sees $0.41 after a massive 42% upswing Read More »
Meme coin DOGE rocketed to $0.0884 on Binance, rising by over 1000% in 24 hours Dogecoin (DOGE) exploded by more than 1000% to see its price peak at $0.0884 on cryptocurrency trading platform Binance. The staggering gains saw DOGE jump into the top 10 on CoinMarketCap, briefly coming close to fifth with its market cap …
Dogecoin (DOGE) explodes by over 1000% to break into top 10 Read More »
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 …
Coinbase proposes direct listing of its shares on the stock market Read More »
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 …
Who Are WallStreetBets? – How the Retail Community Changes the Wall Street Rules Read More »
XTZ price has bounced 5% towards $3.00 and could see bulls target $4.00 or higher Tezos price has traded higher for the first time since declining from its 5-month high of $3.40 on 23 January. The green candle on the daily log stems a four-day losing streak that had seen XTZ price touch lows of …
Tezos bullish as XTZ bounces off 50-DMA to recover above $3.00 Read More »
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 …
Institutional investor base too weak to keep Bitcoin over $30k Read More »
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 …
Bitcoin is yet to establish itself as a viable store of value: BlackRock CEO Read More »
The Bank for International Settlements (BIS) has revealed that central bank digital currency (CBDC) research is gaining momentum globally, but it would take a few years before they are issued Bank for International Settlements has revealed that there is massive ongoing research on CBDCs with a shift from conceptual research to practical use. However, it …
CBDC development on the rise but issuance years away: BIS Read More »
The TD Sequential indicator has flashed a buy signal on the 2-hour and 4-hour charts to suggest a potential rebound above $140 Litecoin (LTC) is trading near $128 against the US Dollar after bouncing off the horizontal support of a descending triangle pattern at $121. LTC/USD has therefore managed to hold above crucial support around …
Litecoin price: buy signal suggests possible rebound to $140 Read More »
Jihan Wu has officially resigned as the chief of Bitcoin mining company Bitmain Technologies Bitmain CEO and co-founder Jihan Wu yesterday announced he had stepped down from his executive position at the crypto mining firm Bitmain. It has been long rumoured that there have been wrangles at the company involving Wu and the co-founder. Reports …
Bitmain CEO resigns and settles long-running leadership feud Read More »
Binance Coin (BNB) price could decline below $40 if bears breach the lower trendline support of the ascending wedge pattern the coin has formed So far this year, BNB has followed the macro trend seen across the wider crypto market. For instance, its price rallied to a new high this past week at a time …
Binance Coin price analysis: weakness on the horizon for BNB Read More »
New York-based Union Square Venture expects to inject a notable fraction of its freshly minted fund into the crypto space The venture capital firm announced in a blog it was looking to allocate almost a third of its new $250 million core fund to the acquisition of crypto assets. USV has come a long way …
USV set to allocate 30% of its core fund to crypto Read More »
AAVE could rally to a new all-time high near $350 if bulls hold above $260 Aave has traded within a broader ascending triangle pattern over the past few days, after sellers reacted swiftly to AAVE/USD hitting a new all-time high. Although bears could sink prices towards key support areas, Aave’s technical picture suggests a breakout …
Aave (AAVE) primed for 20% breakout if bulls protect gains above $260 Read More »
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 …
Signal messaging app considering crypto payment services Read More »
Goldman Sachs senior chairman, Lloyd Blankfein, stated that regulators should be concerned about the recent Bitcoin rally Yesterday, the CEO of Goldman Sachs argued that Bitcoin presents an obstacle to financial regulators looking to monitor the sector. He explained that regulatory bodies might soon be incapable of managing the finance sector if they allow the …
Regulators should be worried about Bitcoin: Goldman Sachs Read More »
Ether (ETH) holding above $1,300 to suggest the next upside could take it past the current all-time high of $1,476 Ethereum has dropped nearly 8% over the past 24 hours, trading as low as $1,293 (Bitstamp). The increase in selling pressure comes after ETH/USD hit a new all-time high of $1,476, which means some traders …
Ethereum technical outlook is positive despite 8% dip Read More »
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 …
University endowment funds have been investing in crypto Read More »
The Bank of England (BoE) Governor believes cryptocurrencies in their original forms are not the ideal form of digital currencies The Bank of England (BoE) Governor Andrew Bailey believes that no cryptocurrency currently has the structure that would allow it to last over the long term. Bailey made this statement yesterday while speaking at the …
Cryptos are not the ideal form of digital currencies: BoE Governor Read More »