Robinhood’s shutdown of GameStop stock trading via its platform has led to a massive public uproar. As a beneficiary of this outcry, DeFi and crypto have gained the attention of politicians, retail investors, and entrepreneurs alike. Wall Street faces huge losses over GameStop stock rally On January 11, GameStop agreed to a deal with Chewy.com’s […]
Category: Crypto
MicroStrategy CEO to release the world’s first Bitcoin ‘playbook’ for corporations
The enterprise business firm entered the Bitcoin space last year amidst fears of inflation and a depreciating dollar. It’s now urging other corporations to do the same. The playbook Business analytics company MicroStrategy will soon release Bitcoin Corporate ‘playbook’ yesterday, as per a tweet by firm CEO Michael Saylor. It will be released at the […]
Ray Dalio clarifies his position on Bitcoin saying he “greatly admires” it
Billionaire philanthropist and founder of Bridgewater Associates Ray Dalio clarified his stance on Bitcoin, saying he respects how it’s fared over time. “I greatly admire how Bitcoin has stood the test of 10 years of time, not only in this regard but also in how its technology has been working so well and has not […]
DEX tokens soar as trust in centralized exchanges is eroding
While the past week has been somewhat tumultuous, to put it mildly, for both crypto and stock markets, it looks like digital tokens related to decentralized exchanges (DEXs) are actually having a great time. The sector is in the green across the board as most DEX tokens are up anywhere between 1.3% and 317% over […]
Bitcoin could soon feature on VISA network, CEO Al Kelly says
The payments giant might add cryptocurrencies to its expansive global network. Bitcoin on VISA? Payments giant VISA could soon add Bitcoin and other cryptocurrencies to its expansive payments network, CEO Alfred Kelly said during an online appearance last week. “To the extent, a specific digital currency becomes a recognized means of exchange, there’s no reason […]
XRP price spikes as Ripple pushes back against SEC’s $1.3 billion lawsuit
The price of now-embattled cryptocurrency XRP surged by up to 86%—just a day after Ripple Labs filed its response to the U.S. Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit hanging over the company’s head. At press time, XRP was trading at around $0.47 per token, up 55.1% on the day. Simultaneously, the crypto’s price […]
Analysts say Bitcoin could pop back up after accumulation
The price of Bitcoin fully retraced after surging to around $38,000 in the past 24 hours. BTC initially surged after Tesla CEO Elon Musk put the word “Bitcoin” in his Twitter bio. Since then, BTC has dropped back down to around $33,000, hovering just below $34,000 in the last few hours. Will Bitcoin recover soon? […]
‘DeFi is really eating the world of finance,’ says Kraken CEO
The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. “Ethereum gives you access to a whole world of decentralized smart contracts, decentralized exchanges, […]
In 61 days, Cardano will be completely in the hands of stake pool operators
On Mar. 31, all of the blocks on the Cardano network will be produced by independent stake pool operators. IOHK, the company behind Cardano, will no longer participate in block production, making Cardano the only truly decentralized blockchain network on the market. T-61 days until Cardano becomes completely decentralized Decentralization has been one of the […]
SEC to ‘closely review’ actions of Robinhood and merry Redditors
The U.S. Securities and Exchange Commission (SEC) has promised to review the recent events surrounding the GameStop (GME) pump and the subsequent restrictions on stock trading enforced by Robinhood exchange, the SEC’s acting chair and commissioners stated on Friday. “The Commission will closely review actions taken by regulated entities that may disadvantage investors or otherwise […]