Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning they could only buy the currencies with funds already deposited in their accounts. Such deposits can take up to five business…
Tag: cryptocurrencies
US Treasury Nominee Yellen Wants to Encourage Cryptocurrencies — ‘For Legitimate Activities’
Business Insider reports: The bitcoin price was set for its biggest one-week fall since September on Saturday morning, having slipped around 10% since Monday… Bitcoin came under selling pressure this week after Janet Yellen, Joe Biden’s pick for Treasury secretary, suggested the use of cryptocurrencies should be “curtailed” because they were used mainly for “illicit financing”. Writing at Nasdaq.com on Thursday,…
Musk: Mars settlers could trade in ‘Marscoin’
People living on Mars could one day leave regular currency behind in favor of Mars-based cryptocurrencies. The question of whether or not future off-w… Source: https://www.unexplained-mysteries.com/news/343045/musk-mars-settlers-could-trade-in-marscoin…
$200 Billion Wiped Off Cryptocurrency Market In 24 Hours As Bitcoin Pulls Back
Bitcoin and other digital coins tanked on Monday, wiping some $200 billion off the cryptocurrency market. CNBC reports: The market capitalization or value of the cryptocurrency market was $880 billion at 9:20 a.m. ET, down from $1.08 trillion a day earlier, according to Coinmarketcap. Bitcoin, the largest cryptocurrency, fell over 12% from a day earlier to $32,576, according to Coin Metrics…
Bitcoin Soars To $40,000, Doubling in Less Than a Month
Bitcoin surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value of cryptocurrencies beyond $1 trillion. From a report: Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds,…
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…
XRP Cryptocurrency Crashes Following Announcement of SEC Suit Against Ripple
An anonymous reader quotes a report from TechCrunch: The value of one of the world’s most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token’s value has declined more than 42% in the past 24 hours and is down more than 63% from its 30-day high…
Are Cryptocurrencies Becoming Mainstream Investments?
The last time the price of bitcoin hit $20,000 was December of 2017. But Matt Luongo, the CEO of a crypto venture builder, points out to NBC News that this time the market is seeing “significant, high-conviction plays from [a few] large funds and even CEOs of publicly traded companies.” “Names like Guggenheim Partners, [hedge fund managers] Paul Tudor Jones and…
As Bitcoin Surges, Prominent Cryptocurrency Exchange Coinbase Aims To Go Public
Cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. CNN reports: The announcement comes as interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic. Investors have found such currencies attractive as the US dollar weakens. Bitcoin has…
S&P Dow Jones Indices To Launch Cryptocurrency Indexes In 2021
S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. Reuters reports: The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded…