Category: Adoption

How Robinhood halting GameStop trades led to DeFi and crypto recognition

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…

January 29, 2021
After Elon Musk Changes Twitter Bio To “#Bitcoin,” BTC Price Surges

Early this morning, Elon Musk, the CEO of SpaceX and Tesla, as well as the richest person in the world, changed his Twitter profile to read “#bitcoin” and tweeted a cryptic message that many in the Bitcoin space interpreted as advocacy for the technology or acknowledgment that his tacit endorsement was bound to happen. In…

January 29, 2021
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…

January 29, 2021
American Senator on GameStop drama: Blockchain can fix stock manipulation

The GameStonk hit the $450 price level yesterday before corrupt firms clamped down on its trading. But one senator says the whole thing could have been avoided if blockchain technology was implemented. Blockchain fixes this Senator Cynthia Lummis said yesterday that blockchain technology could help fix the rampant stock manipulation that occurs in financial markets,…

January 29, 2021
Interview: Winning Hearts And Minds For Bitcoin

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this week’s episode of the “Bitcoin Magazine Podcast,” Christian Keroles sat down with Andy Edstrom and Peter McCormack to discuss their recent contribution to Bitcoin Magazine “Winning Hearts And Minds For Bitcoin.” Both McCormack and Edstrom believe that Bitcoin is inevitable and that it has already…

January 28, 2021
US wealth manager adds 10,667 shares of GBTC as Bitcoin adoption grows

Demand for Grayscale’s Bitcoin Trust is growing. Kingfisher Capital went from owning zero shares to over 10,000 in just a few months.

January 28, 2021
New Grayscale trust filings spin rumour mill into overdrive for Cardano, Polkadot, Cosmos and more

Crypto asset manager Grayscale Investments filed new trusts for Aave, Cardano, Cosmos, Monero, and Polkadot in the Delaware corporate registry. As expected, each respective community is bullish over the news. However, filings do not necessarily mean Grayscale will follow through with them. The firm commented on the matter by saying filings relate to preparation for…

January 28, 2021
Ray Dalio does 180 on Bitcoin, calls it ‘one hell of an invention’

The founder of Bridgewater Associates admits Bitcoin and cryptocurrencies could be a viable hedge against inflation.

January 28, 2021
Bitcoin whale explains to Bloomberg why crypto volatility will decline

The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb.

January 28, 2021
Binance survey finds that ‘hodlers’ still dominate crypto

Only 11% of crypto holders are using their coins to pay for goods and services, according to a report by Binance Research.

January 28, 2021