Reddit investing group triggers crypto-style 860% rally in GameStop stock
The recent 860% rally in GameStop’s stock price shows social investing groups’ ability to trigger whipsaw asset volatility is not just limited to cryptocurrencies. Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME) for the popular video game retailer rallied Continue Reading
BoE Governor: cryptocurrencies of today are destined to fail long term
The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features. Bank of England Governor Andrew Bailey thinks it is unlikely that the current generation of crypto assets lack the design and structure needed to ensure long term regulatory survival. Speaking Continue Reading
Russia Prohibits Government Officials From Owning Crypto, Must Dump Holdings by April
The Russian Ministry of Labor has reportedly banned government officials from owning and using cryptocurrencies. Officials have also been ordered to dispose of any cryptocurrencies they own by April. Russia Prohibits Government Officials From Holding or Using Cryptocurrencies The Ministry of Labor and Social Protection of the Russian Federation has Continue Reading
Goldman Sachs CEO: Regulators should be ‘hyperventilating’ at Bitcoin’s success
The CEO of Goldman Sachs believes regulators will not be able to monitor the financial system if Bitcoin is allowed to flourish in its present form. Goldman Sachs senior chairman Lloyd Blankfein has stated that regulators should be “hyperventilating” in response to Bitcoin’s recent success, characterizing the crypto asset as Continue Reading
JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios
JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits of Hedging With Bitcoin JPMorgan released a report last week entitled “What Continue Reading
3 reasons why Ethereum price is still on track to top $2,000
Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation. After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts Continue Reading
Driving to the moon? HODLer installs portable mining rig in BMW
“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Simon Byrne. Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car. According to a report from Hardware Continue Reading
$45B DeFi market cap and soaring TVL suggest the best is yet to come
The decentralized finance market cap has reached $45 billion as the total value locked in DeFi continues to rise to new highs. The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the Continue Reading
Interview: Quick Hits On Bitcoin In Asia With Molly Of HashKey Hub
Listen To This Episode: Apple Spotify Google Libsyn On this episode of Bitcoin Magazine’s “Bitcoin In Asia,” Molly joins host John Riggins for a quick-hitting conversation about Bitcoin adoption in Asia to kick off 2021. Molly is head of marketing at HashKey Hub. She was also Bitcoin Magazine’s first employee Continue Reading
It’s time to put the dukes down and work together for blockchain’s future
Blockchain’s further success is contingent on the establishment of a strong free market and positive competition. Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw Continue Reading
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