Davey Day Trader is down almost $1 million in stocks today. Dave Portnoy, Barstool Sports’ founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of “strong hands.” “To steal a line from my crypto friends — you can’t have weak hands,” Portnoy said in a Sept. 8 Twitter video. “If you […]
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Regulated Bitcoin futures exchange LedgerX has launched physically-settled BTC futures contracts. LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC. XBT/USD daily chart. Source: TradingView.com How […]
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SushiSwap’s community will take charge of the platform once it completes its migration to a multisignature contract from Uniswap. The high-risk environment around the decentralized finance space and hype for one of its latest offerings, SushiSwap, raises an analogy with a Japanese delicacy called fugu, or pufferfish, which is said to be more deadly than […]
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“Millennials are buying more of the Bitcoins and the cryptocurrencies,” says Ruchir Sharma. According to a Morgan Stanley executive, the young and adventurous usually go for crypto, while older investors stick to more traditional assets. In a Sept. 8 interview with CNN anchor Julia Chatterley, Morgan Stanley’s head of emerging markets and chief global strategist […]
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Band Protocol may share hosting with SushiSwap, but so do hundreds of others. Following the sudden exit of SushiSwap’s anonymous founder, many users have begun to speculate on the identity of this controversial figure. While some focused on the current maintainer of the project Sam Bankman-Fried, the CEO of FTX, others saw Band Protocol’s chief […]
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As if 2020 didn’t already have folks on the edge of their seats. PlanB, the man behind the widely-referenced stock-to-flow Bitcoin (BTC) value charts, described exciting times ahead for the asset. “We’re four months after the halving, and it’s about to get very interesting,” anonymous Twitter analyst PlanB said in a Sept. 4 podcast interview with Peter McCormack. […]
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It seems zero interest rates were not enough to keep DAI stable. A MakerDAO (MKR) governance proposal enacted on Tuesday set interest rates on most assets, with the notable exclusion of Ether (ETH), back above 0%. According to Daistats, interest rates for the USDC-A, WBTC and other minor vaults are now back to being at […]
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When determining consensus in the blockchain community, right and wrong isn’t always “Black” and “White”. On September 7, Bitcoin Core developer Wladimir van der Laan tweeted that he may be “done with coins” all together. He later confirmed to Cointelegraph that he was indeed taking a break from his duties as a Core developer and one […]
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Bitcoin’s dominance rate dropped to a 14-month low before last week’s double-digit correction, possibly a sign that the market was overheating. Last week’s Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March […]
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Cointelegraph has new leadership as the world’s largest blockchain-focused media outlet promotes from within. Jay Cassano, Cointelegraph’s editor-in-chief, has accepted the role of CEO at Cointelegraph. Jon Rice, managing editor for Cointelegraph Magazine, will take over as the new editor-in-chief for the platform. Kristina Lucrezia Cornèr remains managing editor. “I’m grateful to Cointelegraph for this […]
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