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“# Fake news: Litecoin price surges 35% following Walmart adoption hoax ” The price of Litecoin rose to more than $237 this morning following erroneous reports from major news outlets that U.S. retailer Walmart would be introducing a payment option for the cryptocurrency on all its eCommerce websites. CNBC, Reuters, Decrypt and others reported on…
“# Across the seven seas: Retail, institutional investors keen on Bitcoin ” Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal…
“# DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature ” Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady…
“#Brandy Melville CEO doesn’t allow black or fat girls to work in his stores, report claims” Brandy Melville, the cult favorite “one-size-fits-most” brand targeted at teen girls, has an atmosphere fostered by its CEO that promotes misogyny and racism, according to a radioactive report from Insider. CEO Stephen Marsan created a toxic workplace where only…
“# Crypto soars to account for 73% of trading commissions on eToro in Q2 ” Crypto grew to represent 73% of trading commissions on popular retail trading app eToro in the second quarter. eToro announced its Q2 results on Aug. 25, with the firm posting $362 million worth of total trading commissions and reporting its…
“# Three Arrows Capital CEO Su Zhu outlines his bullish thesis for Dogecoin ” Three Arrows Capital CEO Su Zhu has outlined a bullish thesis for Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE). Speaking on an Aug. 25 episode of “The Game Theory of Crypto Podcast”, Zhu stated that he’s ke on DOGE because the meme…
“# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time ” Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s…
“#ABC Carpet & Home is scrambling to stave off bankruptcy: sources” Swanky furniture retailer ABC Carpet & Home is scrambling to stave off bankruptcy in the wake of the pandemic, The Post has learned. The 125-year-old outlet — known for its luxurious stash of home goods, from $375 velvet throw pillows to $12,000 silk-and-wool rugs…
“# Dash launches retail consumer app for shopping in stores across America ” Dash has announced the launch of DashDirect — a consumer app that allows users to spend the DASH cryptocurrency in stores across America. In an announcement released on Tuesday, Dash revealed that the new customer-focused app will offer up to 12% in…
“# Beauty and the Bitcoin: Female-focused brands accept crypto payments driving adoption ” While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things…