Monthly Archives: February 2021

Congress is blaming Robinhood, not Reddit

We didn’t learn much new in today’s hearing, but the spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets. Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility.  None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the same props the rest of us did. These aren’t the market manipulators you are looking for […]

More info

Riot Blockchain stock plunges 20% following parabolic rally

The crypto mining company has been on an absolute tear this month. On Thursday, the stock corrected sharply lower. Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.  RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest […]

More info

‘More Valuable Than Gold’- The Motley Fool Announces $5 Million Investment Into Bitcoin

The fifth-largest investment website globally with over 80 million monthly visitors, The Motley Fool’s positive outlook for the future of bitcoin is another data point in the coin’s journey as the influential advisory organization wades into the debate. Investing Advice Provider Believes Bitcoin Will Deliver Ten-Fold Returns in the Next 15 Years The Motley Fool has announced a $5 million investment into bitcoin as part of a long-hold plan to gain a 10x return on its investment over the next 15 years. As the fifth-largest investment website […]

More info

Bobby Lee standing by prediction for massive BTC peak in December

The Ballet CEO predicted a Bitcoin price between $200,000-$250,000 before 2022. Crypto expert Bobby Lee’s early predictions on the price of Bitcoin have proven to be quite accurate during the latest bull run. In a tweet from December 2018, the Ballet crypto wallet CEO and founder said that the next Bitcoin (BTC) rally would start in late 2020, take off in early 2021, and follow with a peak in December. The recent bull run which started last year has seen the price of the crypto asset pass […]

More info

Key Ethereum price metric signals pro traders are skeptical about $2K ETH

Data suggest retail traders are over-optimistically using leverage to long Ethereum, whereas pro traders remain skeptical about ETH’s short-term prospect of reaching $2,000. In the last 24-hours, Ether (ETH) rallied above $1,900 to a new all-time high and this breakout reflects a strong 45% gain for just February alone. Aside from Ether following Bitcoin’s (BTC) bullish momentum, the move has been partially fueled by the news that BlackRock is considering future cryptocurrency investments and Microstrategy’s $900 million convertible notes offer to buy more Bitcoin. Ether / USD prices at Coinbase. […]

More info

Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading

Investors are signaling clear demand for the first Bitcoin ETF in Canada, but an American product remains far out on the horizon. The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly $100 million in volume.  A Bloomberg Law report noted that the ETF saw over $80 million in volume in the first hour of trading, though it’s since slowed significantly with roughly another $15 million in volume between BCTCC.B, the Canadian dollar-denominated units, and BTCC.U, the American dollar-denominated […]

More info

Harmony (ONE) gains 230% after Ethereum network integration

Harmony price surged in February after adding a trustless Ethereum bridge to avoid high gas fees. Since the start of February, Harmony (ONE) has rallied by 230% and while the proof-of-stake smart contract platform benefited from Ethereum’s skyrocketing gas fees, the recent meteoric rise appears to be driven by more fundamental factors. Harmony (ONE), ATOM, SOL, NEAR, OMG at Binance. Source: TradingView Although other scaling-focused solutions such as Cosmos (ATOM), Solana (SOL), NEAR, and OMG also rallied during the same time period, Harmony’s performance stands out. Harmony […]

More info

Nvidia’s GeForce limits hash rate to divert crypto miners to new CMP line

The California chipmaker says GeForce RTX 360 is for gamers, not cryptocurrency miners. The latter camp will get its own CMP mining infrastructure in the near future. Nvidia, a California-based hardware company known for developing industry-leading graphics cards, is doing everything it can to ensure that its upcoming GeForce RTX 3060 GPU ends up in the hands of gamers. To achieve that end, the company announced Thursday that it will limit the GeForce hash rate to make it less desirable to cryptocurrency miners.  The company said the […]

More info

BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers

At the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might not realize that there’s a tool people can leverage called a transaction accelerator, a platform that increases the probability of getting a transaction confirmed. Bitcoin’s Transaction Backlog and Transfer Fees Ramp Up […]

More info

Gemini launches crypto education platform featuring ‘Expert Network’

Cryptopedia is a free educational resource that provides an introduction to digital-asset investing. Cameron Winklevoss, Gemini’s president, unveiled Cryptopedia on Thursday. He described the new platform as a “free resource that provides open-access, high-quality crypto education to the world.” The platform currently includes categories devoted to cryptocurrencies, security, trading and investing, and DeFi. Cryptopedia was also designed for subject matter experts to share their knowledge about digital assets. The platform’s “Expert Network” includes founders and thought leaders from some of the industry’s biggest projects, including Brave CEO […]

More info
1 2 3 6