Category: Investments

Synthetix launches sXAG markets as internet traders begin pumping silver

The metal gained over 11% in the past day, setting an eight-year high price. Meanwhile, synthetic crypto assets platform Synthetix launched the sXAG token, an ERC-20 issuance that tracks the prices of the shiny metal. Internet traders fuel silver rally Who said people on social media couldn’t influence markets? The latest price surges in a…

February 1, 2021
‘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,…

January 30, 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
Irish central bank governor says crypto investors could lose all their money

Despite being worried about consumer protection, the central banker is confident that Bitcoin is no threat to financial stability.

January 29, 2021
Congress announces hearings on stock market in light of Robinhood v. Reddit battle

Both the Senate and the House are looking into Wall Street’s market practices, especially short selling.

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
Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades

“Robinhood’s entire business model is to cater to the exact people they are now trying to f— with and scare into selling,” said Dave Portnoy.

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
Robinhood suspends buying for GameStop following stonks going ‘to the moon’

The video game retailer had its own GME Army pushing the price of the stock to an all-time high before platforms stepped in.

January 28, 2021