Robinhood Financial, the”fastest-growing online brokerage in history”, announced last week that it was getting into cryptocurrency trading. And since then, Bloomberg reports, more than one million people have put their names on the company’s waiting list in four days. Digital currency trading will mark the first paid product for Robinhood, which became wildly popular among […]
“Biggest Theft in Crypto History:” Over $400M Stolen from Japanese Crypto Exchange…
Earlier today we reported that cryptocurrencies tumbled overnight after one of the most popular – if unlicensed – Japanese exchanges, Coincheck, halted withdrawals of funds and cryptos amid broad confusion as to what prompted the halt. Additionally, Coincheck said it had stopped deposits into NEM coins, a hint that something was very wrong with what […]
Bitcoin & Ripple Lead Cryptocurrency Rebound after Sell-Off Wiped Out Third of Market…
A total of 49 of top 50 cryptocurrencies were growing on Thursday following a bloodbath on the digital money market in the past few days. The dollar-pegged centralized tether was the only loser. Bitcoin gained over 16 percent on the day, and was trading above $12,000 at 12:35 GMT. This is still well below its […]
Beijing Wants to Kick Bitcoin Out of China…
Chinese authorities are reportedly aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. According to an internal memo from a government meeting seen by Reuters, Beijing will continue to apply pressure to the virtual currency trade and prevent the growth of risks in that market. […]
Anatomy of a Crypto-Nightmare: Ripple CEO Is Now Richer Than Zuckerberg…
Having soared 36,000% last year and continuing its crazy run in 2018…Ripple has surged ahead of Ethereum as the second-largest cryptocurrency by market cap: Bitcoin $246BN, Ripple $143BN, Ethereum $97BN. Leaving Mike Novogratz breathlessly berating the craziness..as Ripple’s CEO is now the 5th richest man in the world…
Russia & China Will Engineer Bitcoin Apocalypse, Saxo Bank Predicts…
Moscow and Beijing are going to crack down on bitcoin, resulting in the cryptocurrency’s collapse next year, predicts Saxo Bank. The bank is famous for its ‘outrageous’ predictions published each December. Saxo predicts that in 2018, bitcoin will surge to $60,000 with a market capitalization exceeding $1 trillion. After that, Russia and China will join […]
What’s Ripple & Why Is It Setting Cryptocurrency World on Fire?…
A relatively cheap digital currency called ripple used to be on the crypto market periphery. Ripple has made serious strides this week, having almost tripled in price in the last 48 hours and pushing litecoin aside by market cap value. The world’s fourth most valuable cryptocurrency was trading at 70 cents at 14:40 GMT on […]
Peak Monetary Goofiness: One Thousand People Own 40% of Bitcoin Market…
As in any asset class, large individual holders and large institutional holders can and do collude to manipulate price,’ Amen brother. That’s why we need regulators and oversight that is not ‘captured’ by those same very large institutions and wealthy political donors who are in such a good position to manipulate those markets. And they […]
All You Need to Know About Bitcoin’s Rise, From $0.01 to $11,000…
The initial price of bitcoin, set in 2010, was less than one cent. On Nov. 29, it crossed $11,000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin today is drawing millions of dollars from hedge funds. The recent price surge may be a bubble. Or it could be a belated recognition […]