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“# Robinhood suspends instant deposits for crypto purchases over DOGE spike ” Stock and cryptocurrency-trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Jan. 29, citing “extraordinary market conditions.” Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to…
“# Reddit co-founder hoists the Bitcoin flag on Twitter amid price surge ” Reddit co-founder Alexis Ohanian has joined Twitter CEO Jack Dorsey and Tesla CEO Elon Musk in updating their Twitter bio to Bitcoin (BTC). Ohanian’s bio update seemed in response to a tweet by tech entrepreneur and former Coinbase chief technology officer Balaji…
“# Irish central bank governor says crypto investors could lose all their money ” As the Bitcoin (BTC) price sees a sharp upsurge, the governor of the Central Bank of Ireland has voiced his concerns about cryptocurrency investments. Gabriel Makhlouf, who is also a governing council member of the European Central Bank, warned the public about…
“# WallStreetBets Coin becomes #1 on CoinMarketCap… kind of ” The influence of Reddit’s r/wallstreetbets sub has apparently spread to the cryptocurrency space, after a new coin appeared at the top of CoinMarketCap’s rankings on Jan. 29. Dubbed WallStreetBets (WSB), the new coin apparently gained in excess of 130% in the past 24 hours, with…
“# Elon Musk adds Bitcoin to Twitter bio with 43.7M followers ” When the richest man in the world Elon Musk updated his Twitter bio on Jan. 29 — simply adding the word ‘Bitcoin’ — it was followed by a near-immediate 13% increase to the Bitcoin (BTC) spot price. Musk’s bio appeared to be updated…
“# Bitcoin soars by $5K in minutes — BTC hits $38K after Elon Musk’s ‘Dogecoin treatment’ ” Bitcoin (BTC) surged by over $5,000 in minutes on Jan. 29 after the world’s richest man added its symbol to his Twitter page. BTC/USD 1-hour candle chart. Source: Tradingview BTC price hits $38K highs Data from Cointelegraph Markets…
“# Stablecoin holdings on crypto exchanges hit a new all-time high ” Amid renewed bullish action on cryptocurrency markets, stablecoins like Tether (USDT) are flooding exchanges to hit a new historical high in terms of allocation. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges broke a new all-time high on Jan. 28,…
“# Grayscale is buying BTC 54% faster than it is mined so far in 2021 ” Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 days. The dramatic accumulation was…
“# Altcoins soar after 10% Bitcoin price breakout flips $33K back to support ” Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000…
“# Blockchain tech may have arrived too soon, but now, it’s ready ” It is a useful exercise for those of us working in tech to cast our minds back to the dot-com boom and bust of the late 1990s. There is a lot that can be learned from that time. The period was crucial…