The sudden rise of stocks like GameStop (GME) have shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo, according to Bitfinex CTO Paolo Ardoino. Bitcoin’s price peaked north of $38,500 on Friday, just as U.S. stocks concluded their worst week of trading since October. The
Month: January 2021
During this first wave of decentralized finance projects and services, users have been more than willing to part with their funds. It is very similar to how decentralized exchanges work, as convenience seems to trump privacy and security in DeFi. Just because some platforms offer a high annual percentage yield does not mean anyone should
Billionaire hedge fund manager Ray Dalio has sought to clarify his views on the world’s most famous digital asset with the publication of a short essay titled “What I Really Think of Bitcoin”. Dalio’s views on Bitcoin (BTC) — which he said should be read directly to avoid media misinterpretation — are both hopeful and
Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency. In the court document filed on Jan.
With the nonfungible token market approaching the frothing point, perhaps it’s time to sit back and ask: “What’s happening here?” The $750,000 in proceeds from the recent sale of a single “alien” CypherPunk NFT, after all, could have paid for a reasonably sized house. The crypto world at large is only 12 years old, entering
Asus ROG Academy is a new virtual initiative by the Taiwanese PC, component, and peripherals maker, aimed at enabling gamers in India to showcase their skills and get a chance to become professional e-sports players. Asus, with help from AFK Gaming, will organise this programme and pick six contestants to be part of the ROG
The return of Manoj Bajpayee’s (missing) agent in Amazon’s The Family Man is the highlight of February’s local streaming picks, alongside Parineeti Chopra in Netflix’s The Girl on the Train, and the Telugu-language anthology film Pitta Kathalu also on Netflix. Lastly, we’ve 1962: The War in the Hills, a Hotstar Specials series based on the
A GameStop store in Hollywood, California, busy with customers waiting in line to enter the video game retailer on January 27, 2021. AaronP | Bauer-Griffin | GC Images | Getty Images Ben Kusin, a longtime Redditor, has enjoyed a front-row seat for the recent GameStop saga. But he admits the story hits a little too
While Apple hasn’t provided any details about the 2021 iPhone lineup, concept renders offering a glimpse into the possible design of iPhone SE 3 and iPhone 12S Pro have surfaced online. iPhone SE 3, aka iPhone SE (2021), seems to have a list of significant changes over the existing iPhone SE (2020) and the original
How open banking is driving huge innovation Learn how fintechs and forward-thinking FIs are accelerating personalized financial products through data-rich APIs. Register Now To provide clarity and avert potential harms, algorithms that impact human lives would ideally be reviewed by an independent body before they’re deployed, just as environmental impact reports must be approved before
Signal has added chat wallpapers to its Android and iOS app with update 5.3, adding to list of features that are similar to what WhatsApp offers. Chat wallpapers will allow Signal users to set individual backgrounds for their chats or use a default background for all chats. This feature was spotted in a beta version
Law enforcement agencies from as many as eight countries dismantled the infrastructure of Emotet, a notorious email-based Windows malware behind several botnet-driven spam campaigns and ransomware attacks over the past decade. The coordinated takedown of the botnet on Tuesday — dubbed “Operation Ladybird” — is the result of a joint effort between authorities in the
Bitcoin has often been described as the “digital gold” of the 21st century, but is the cryptocurrency truly reliable as a new safe haven against financial uncertainty and inflation? The question is a difficult one to answer, but the actions of a number of major institutions and the sentiments of some well-renowned investment managers suggest
Decentralized finance is a form of finance that does not require traditional intermediaries such as banks, brokerages or exchanges. All of the work that would normally be handled by these institutions is instead performed by technological solutions including smart contracts and blockchain. The legacy banking system and DeFi are markedly different. While traditional finance is
The U.S. securities watchdog is looking into the affair of Robinhood and the Redditors. At least in so many words. The Securities and Exchange Commission made a joint statement on Friday expressing concern over the “extreme price volatility of certain stocks’ trading prices over the past several days.” Though the commission did using the words
XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets. Data from Cointelegraph Markets and TradingView shows that XRP rose from $0.28 to a peak at $0.51 before profit selling pulled
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