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The last time bitcoinâs closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data. Bitcoin reversed several days of sideways trading to head higher, ether broke $1,500 for the first time and DeFiâs ecosystem has a record amount of value locked in dollar terms. Bitcoin (BTC) trading around $35,824 as of 21:00 UTC (4 p.m. ET). Gaining...
The group âr/Wallstreetbetsâ (aka WSB) is a longstanding subreddit channel where over 3.5 million Reddit users discuss highly speculative trading ideas and strategies. Described as âlike 4chan found a Bloomberg Terminal,â the community has caused huge disruption to financial markets this week. On Sept. 19, 2020, a Redditor with the handle Player896 published a post in the channel entitled âBankrupting...
Coinbase announced last month it had confidentially submitted a draft registration statement with the SEC. Leading cryptocurrency exchange Coinbase Global said it intends to become a publicly traded company pursuant to a proposed direct listing of its Class A common stock. On Dec. 17, 2020, Coinbase announced it had confidentially submitted a draft registration statement on Form S-1 with the...
Bitcoinâs price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will view bitcoin and other cryptocurrencies....
The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday. Prices hit $1,454.32 â topping the previous all-time high of $1,439.33 set only last week â before settling back to $1,447.77, up more than 17% in the last 24 hours. While ETH (+4.65%) has trailed its larger cryptocurrency sibling, bitcoin (BTC,...
The "Mad Money" host picked bitcoin as one of his hedges against the specter of hyperinflation. Stock-picking personality Jim Cramer recommended the unknown Maryland-based winner of Wednesdayâs $731 million Powerball jackpot allocate 5% of his or her newfound fortune in bitcoin. âYou know what, if you won the lottery â Yes, Iâm gonna say it: 5% in bitcoin,â Cramer said...
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate. Deposits from digital currency customers now make up nearly 16% of total deposits at New Yorkâs Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion â twice that of California rival Silvergate Bank....
The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels earlier on Tuesday. Prices hit $1,439.33 around 12:00 UTC â thatâs a little over the previous all-time high of $1,432.88 registered on CoinDeskâs price index on Jan. 13, 2018. The digital asset rallied nearly 12% Tuesday to reach the new peak. Ether (ETH,...
Press Release for Mindsync.ai Mindsync.ai is creating an ecosystem for leveraging global expertise in AI UK-based AI platform, Mindsync, is creating a decentralized, community-driven ecosystem that allows global businesses to get their business tasks solved through AI technologies by a community of expert technologists from around the world. Artificial Intelligence (AI) has been proven to help reduce operational costs, increase...
Bitcoinâs 30% price correction was enough to give some CFOs second thoughts. Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last weekâs 30% price plunge, Bloomberg reports. Publicly traded companies such as MicroStrategy and Square Inc. have invested millions of dollars of company cash reserves in bitcoin (BTC, +4.85%) during 2020. Other...