Despite the recent downturn in the cryptocurrency market, US-based trading platform Robinhood has made a bold move by significantly increasing its Shiba Inu (SHIB) token holdings. This article will explore Robinhood’s decision and its potential implications amidst the ongoing market fluctuations. On August 30, it was revealed that Robinhood had become the fifth-largest holder of
Bitcoin
In the midst of increasing regulatory scrutiny, Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself entangled in a storm of legal challenges and a wave of executive departures. As the company grapples with these issues, it faces significant hurdles in maintaining its operations and rebuilding trust among regulators, investors, and users. The departure
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal regarding the sale of its Bitcoin and crypto holdings. These adjustments come as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which will be
In a concerning development, popular crypto exchange CoinEx is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. The incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Significant Losses According to reports by Colin
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Shiba Inu (SHIB) has been facing a tough time lately, as its price struggles to make any significant gains in the unpredictable crypto market. Those who witnessed the impressive rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. Despite entering the final quarter of
Bitcoin, the world’s most valuable cryptocurrency, has been experiencing a downward trajectory, according to Benjamin Cowen, an analyst and founder of Into The Cryptoverse. With the coin’s performance over the years as a reference point, Cowen predicts a bleak future for Bitcoin in the coming month of September. In this article, we will delve into
Mirae Asset Securities, one of the major finance powerhouses in Korea, has recently partnered with Polygon, a popular blockchain network. This collaboration has sparked curiosity about how it will affect the price of Polygon’s native cryptocurrency, MATIC. With Mirae Asset Securities’ extensive influence and Polygon’s innovative blockchain technology, the partnership holds the potential to drive
As the market sentiment surrounding Ethereum (ETH) remains tense, investors are growing wary of the potential for further price erosion and the need for a recovery. The second-largest cryptocurrency has faced turbulent weeks, with its price oscillating around the $1,626 support level, offering a glimmer of hope for bulls. However, in order to regain lost
Bitcoin, the world’s largest cryptocurrency, has experienced both progress and setbacks in the past year. The digital asset investment landscape has been reflective of these ups and downs. However, recent data suggests that despite minor outflows in the overall market, Bitcoin has demonstrated resilience by recording a weekly inflow of $3.8 million. Coinshares, in its
