Robinhood shares soared again Wednesday, extending a wild rally in the newly public stock trading app’s stock.Trading was halted for volatility several times.The stock closed up 50.4% at $70.39 per share, bringing its weekly gain to more than 100%.Shares of Robinhood touched $85 at one point, an 81% gain from Tuesday’s close.Robinhood’s stock is making…
Bitcoin Backers Aren’t Happy Even After SEC Signals ETF Openness
(Bloomberg) — U.S.Securities and Exchange Commissioner Gary Gensler gave what may be the strongest sign of support yet from the agency for a Bitcoin exchange-traded fund.Crypto fans, though, are not exactly thrilled. At the center of the issue is what an approved fund would track.Gensler, in his first major speech centered on cryptocurrencies, suggested an…
A ‘Significant’ Upgrade to Ethereum Is Rolling Out This Week—Here’s What Crypto Investors Should Know
Ethereum, the blockchain that runs ether, the second-largest cryptocurrency under bitcoin, will undergo a major upgrade this week.Slated for Thursday , the upgrade, called London, includes Ethereum Improvement Proposal (EIP) 1559 , which aims to change the way transaction fees, or “gas fees,” are estimated.Currently, users must bid for how much they’re willing to pay…
Cambodia aims to wean off US dollar dependence with digital currency
Chea Serey, director general of the National Bank of Cambodia, speaks at the launch event of the central bank’s “Bakong” digital currency, in Phnom Penh, Cambodia, in October, 2020.© Kyodo JADA NAGUMO, Nikkei staff writer August 4, 2021 18:08 JST | Cambodia Copy Copied TOKYO — Central banks across the world are rushing to develop…
SEC Head Calls For Power To Regulate Cryptocurrencies
SEC Head Calls For Power To Regulate Cryptocurrencies Chairman of the US financial regulator calls on Congress for authorisation to police cryptocurrency trading, lending and platforms The chair of the US Securities and Exchange Commission (SEC) has made an extraordinary plea to members of the US Congress.According to the Guardian newspaper , Gary Gensler on…
The future is so bright that I’m forced to wear augmented reality shades!
last week [Facebook] Announced a new strategic direction.And it’s a little science fiction.In a private address to staff, CEO Mark Zuckerberg (inset) announced that the company’s comprehensive goal is to “help the Metaverse come alive.” The Metaverse is considered the successor to the Internet.But unlike today’s Internet, it is a set of immersive, interconnected, always-on…
What are privacy coins? 6 of the biggest compared
[Compare crypto exchanges] Where to buy, sell and exchange Bitcoin and cryptocurrency.Scan to download the Finder app on iOS or Android We’re [reader-supported](/why-trust-us#how-we-make-money) and may be paid when you visit links to partner sites.We don’t compare all products in the market, but we’re working on it! Privacy coins are a class of cryptocurrency with privacy…
Cardano leapfrogs Bitcoin as eToro clients’ most-held cryptocurrency
Tuesday 6 July 2021 12:39 pm Cardano leapfrogs Bitcoin as eToro clients’ most-held cryptocurrency whatsapp Investors are showing signs of becoming increasingly confident in the potential of smaller cryptocurrencies, despite this quarter’s market correction, with new eToro data revealing increases in the numbers of cryptoassets being held during the last quarter (Q2). Perhaps surprisingly, Cardano’s…
Ethereum price prediction: can ETH reach $10,000?
Ether (ETH), the native coin of the Ethereum blockchain, has been on a wild roller coaster ride in 2021.After starting the year at $737, the world’s second-largest cryptocurrency surged to a record high of $4,362 on 12 May, a gain of nearly 500%.It then retreated to $2,714 on 21 May and fell below the $2,000…
Bitcoin Cash (BCH) One Day Volume Tops $1.36 Billion
Bitcoin Cash (CURRENCY:BCH) traded 0.9% higher against the dollar during the one day period ending at 11:00 AM ET on July 6th.During the last week, Bitcoin Cash has traded down 4.6% against the dollar.Bitcoin Cash has a market cap of $9.55 billion and $1.36 billion worth of Bitcoin Cash was traded on exchanges in the…