Category: Trading

Elon Musk boosts Dogecoin by 76% with a rocket tweet

Tesla CEO Elon Musk has just boosted “meme crypto” Dogecoin (DOGE) in the stratosphere by just tweeting a photograph of a rocket taking off and adding a single word to it: “Doge.” In just one hour, the price of DOGE surged by up to 75.6% and reached around $0.056. The coin’s 24-hour trading volume has…

February 4, 2021
Robinhood’s IPO is reportedly on hold following GameStop drama

Anonymous sources inside digital exchange Robinhood said that its plans for initial public offering (IPO) have been put on hold amid the fallout of the GameStop saga, according to Fox Business Network senior correspondent Charles Gasparino. SCOOP: Ppl inside @RobinhoodApp tell @FoxBusiness plans for an IPO are on hold to focus on surviving the current…

February 3, 2021
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack

Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the…

February 2, 2021
Gold could get ‘GameStopped’ next, says Cameron Winklevoss

The ongoing silver price rally, allegedly sparked by retail traders from Reddit, could “tell us just how bullshit precious metals markets are,” said crypto exchange Gemini co-founder Cameron Winklevoss last Sunday. The ramifications of a #silversqueeze cannot be underestimated. If it’s exposed that there are more paper claims on silver than actual silver, not only…

February 2, 2021
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
‘When alt season?’ eToro may have some answers

In 2020, holding the top 100 altcoins equally was a more lucrative investment than Bitcoin up until Dec. 18, according to eToro.

January 31, 2021
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…

January 31, 2021
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…

January 30, 2021
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…

January 30, 2021
Coinbase comes back online following issues

Coinbase users were reporting issues with certain purchases, though normal function has now seemingly returned.

January 29, 2021