The GameStop pump may lead a number of amateur investors to finally learn about DeFi and the advantages it puts forth. What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that…
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Was stock trading app Robinhood the villain in the GameStop saga? “In a decentralized trading market, no one would have that power.” Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals…
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After launching a crypto debit card in the U.S., Uphold is planning to roll out a multi-asset crypto card in Europe in April 2021. Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card on the continent. According to a Feb. 2 announcement,…
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“This was not Cash App’s decision — we disagree with this move wholeheartedly,” tweeted the service. Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, restricted buys of some of the stocks connected to the Wall Street shorts for more than four hours today. According to an announcement from Cash App,…
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“Stocks will be on the blockchain in the future,” predicted the billionaire. Jumping on the r/Wallstreetbets subreddit for an Ask Me Anything session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing, and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks, but encouraged…
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Regulators want to know the details of the GameStop short squeeze. Robinhood CEO Vlad Tenev will reportedly testify before the United States House Financial Services Committee over the firm’s role in the volatile trading of GameStop and other volatile stocks. According to a report by the American political publication Politico, Tenev is expected to participate…
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While Bitcoin trades sideways, the price of silver rushed to a 7-year high and XRP surprised new investors with a sharp 50% sell-off. Bitcoin (BTC) price spent the day trading in a tight range between $32,000 and $34,000. At the time of writing, the digital asset is pinned below the descending trendline resistance and each…
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Dogecoin rallied by more than 85%, suggesting Wall Street Bet’s crypto wing may have decided that they weren’t done with DOGE yet. After gaining the spotlight due to a 980% pump on Jan. 28, Dogecoin (DOGE) briefly entered the top 10 ranking by market capitalization for the first time since 2015. Once the massive pump…
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The GameStop short squeeze and Bitcoin have a lot more in common than appears at the surface, according to Paolo Ardoino. The sudden rise of stocks like GameStop (GME) have shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo, according to Bitfinex CTO Paolo Ardoino.…
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In the last 30 days, FTX Token rallied 105% as its exchange surpassed BitMEX and Deribit’s open interest, but is there room for further upside? FTX is a cryptocurrency derivatives exchange backed by Alameda Research, a quantitative trading firm and crypto liquidity provider. The exchange launched in April 2019 and offered the usual spot trading,…
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