Markets | Amazing Crypto

First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop)

Risks surrounding the stablecoin tether (USDT) have been known for years, but they’re commanding fresh attention as the amount outstanding swells to $25B.

January 27, 2021

Crypto Exchange 2gether Says It Can’t Fully Reimburse 9% of Users After 2020 Hack

After a successful fundraising effort, the company said it can now reimburse most, but not all users.

January 27, 2021

Bitcoin Drops, Dollar Bounces Ahead of Federal Reserve Rate Announcement

Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.

January 27, 2021

GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci

A campaign by members of a Reddit investor forum have caused GameStop stock to spike to record levels in the last week.

January 27, 2021

BTC price clings to $31K as Scaramucci says GameStop boom ‘good for Bitcoin’

The rush into decentralized investment will only serve to fuel Bitcoin’s position, the investor says amid outrage at GameStop’s performance.

January 27, 2021

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises to About $2T

“The flood of demand has to be satisfied” for the SEC to feel comfortable with a bitcoin ETF, said Wood.

January 26, 2021

DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K

A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000.

January 26, 2021

2 key metrics suggest Bitcoin price won’t be pinned below $33K for long

Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday’s $4.9 billion BTC futures expiry.

January 26, 2021

Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi

Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.

January 26, 2021

Bubbles Are Good for Bitcoin

Far from being damaging to bitcoin, bubbles help bring in new users and ultimately accelerate the project’s growth.

January 26, 2021

Category: Markets