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A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50%
5.2.2021
Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly. While people have been discussing the dogecoin pumps and Elon’s suggestive tweets, crypto supporters have been...
GameStop: How Redditors Played Funds For Billions (And What Might Come Next)
29.1.2021
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James Doran, Associate professor/Deputy head of school, UNSW.
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How does a small retail company that sells video games, worth less than USD 400 million in the middle of 2020, become a USD 10 billion company in less than six months? How does its share price climb from about USD 20...
Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress
17.1.2021
Bitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method...
Investment Manager Guggenheim Has Some Advice as BTC Sheds Billions — ‘Bitcoin’s Parabolic Rise Unsustainable’
11.1.2021
Guggenheim Investments’ global chief investment officer has some advice on what investors should do as the price of bitcoin plummets. His company, with $230 billion in assets under management, has been trying to buy bitcoin for months. Guggenheim’s Strategist Has Some Bitcoin Advice...
Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
7.1.2021
Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including...
Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner
27.12.2020
The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives. On December 25, the large cryptocurrency exchange Bitstamp announced delisting...
‘Unprecedented’ Institutional Demand for Bitcoin: Bitgo’s Custodied Assets Top $16 Billion, No Paypal Deal
26.12.2020
Bitgo’s assets under custody have surpassed $16 billion. The company says it is seeing “unprecedented interest from institutional investors,” resulting from the economic impact of the coronavirus pandemic and the recent bitcoin bull run. Paypal was also rumored to be...
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...
Elon Musk Ponders Tesla Putting Billions Into Bitcoin, Asking if Such Large Transactions Are Possible
21.12.2020
Tesla and Spacex CEO Elon Musk made a series of tweets about bitcoin on Sunday. One of them concerns whether it is possible to buy bitcoin in “large transactions,” particularly for Tesla to convert its U.S. dollar reserves into bitcoin. Microstrategy’s CEO told Musk that this move...
MassMutual's Example Might Attract Fresh Billions To Bitcoin - JPMorgan
14.12.2020
If pension funds and insurance companies in the US, euro area, UK and Japan allocate 1% of assets to the most popular cryptocurrency, bitcoin (BTC), that would result in additional BTC demand of USD 600bn, strategists at JPMorgan said.
However, these investors face regulatory hurdles relating...
Ripple CTO Says Majority Vote Would Force the Burning of Billions in XRP
4.12.2020
The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow
Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year
2.12.2020
A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain...
xSigma DeFi Is a Game Changing Protocol Backed by a NASDAQ Listed Company
1.12.2020
The DeFi ecosystem has been growing faster than anyone can keep up with recently. Billions of dollars in digital assets are invested, despite all the problems the current services suffer from. Buggy code, security vulnerabilities and shady anonymous developers are just some of the issues that...
Australian Investment Group With Billions in AUM Starts Investing in Bitcoin Futures
24.11.2020
A Pendal Group executive likened bitcoin to a "cockroach" with financial staying power
Hackers, Scammers Have Stolen $7.6B in Crypto Since 2011
12.11.2020
Billions of dollars have been stolen through exchange hacks and scams, according to a new report from blockchain analytics firm Crystal Blockchain
Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government
22.10.2020
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions...
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
15.9.2020
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows...
DeFi ‘Sucks in’ Billions in Newly Issued Stablecoins
4.9.2020
In the past three months, during the DeFi (decentralized finance) frenzy, the market capitalization of the five largest stablecoins increased by 52%, to almost USD 16.6bn, data shows.
While the most popular stablecoin, tether (USDT), increased its market capitalization by 47%, to more than...
US Federal Court Rules NSA Mass Surveillance Illegal, Credits Edward Snowden
3.9.2020
A federal appeals court has ruled that the U.S. National Security Agency (NSA) mass surveillance program that collected data on billions of Americans’ telephone calls was illegal and possibly unconstitutional. The program was exposed by former NSA contractor Edward Snowden. A Victory...
Lawyer to File Crypto Class-Action Seeking Billions From Social Media ‘Cartel’
12.8.2020
Andrew Hamilton, the CEO of legal firm JPB Liberty, is ready to file a class-action lawsuit seeking billion in damages from the social media “cartel” that sought to kill crypto in 2018