All Coinss Crypto News

Coinss Crypto News

Financial ties between Robinhood and funds shorting GME fall under scrutiny

The connections between trading app Robinhood, Citadel hedge fund, Melvin Capital, and GameStop are becoming clearer as the Internet burns with outrage over allegations of market manipulation. Melvin Capital was one of the biggest players short-selling GameStop stock, or GME. When a number of Redditors — and gamers — on the r/Wallstreetbets subreddit pushed back against institutions trying to financially destroy the popular brick and mortar...

Bitfinex will offer 6.2% interest on three popular coins

Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest. According to a Sept. 30 announcement, Bitcoin (BTC) and Ethereum (ETH) holders are now eligible to earn up to 6.2% annual percentage yield (APY) through a partnership with Celsius Network, while XRP holders can earn up to 4.91% APY. The lending platform, which currently has more than $1 billion in coins from roughly...

Puff, puff, pump on 4/20! April 16-21st

Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build , leaving me to take over lettering the news. While I’m thrilled he’ll be keeping around the DeFi ecosystem, I’m also infuriated that there’ll be yet another gigabrain trading against me.  Also: journalists quitting their jobs to do DeFi stuff. Talk about top signals. While DeFi tokens and...

Digital euro's privacy promise not worth a centralized system, Oasis exec says

When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the possibility of a digital euro, canvassing the opinions of over 8,000 individuals and businesses. The responses that came back suggested privacy was the number one concern surrounding...

Buy Bitcoin Before ‘Major Banking Crisis’ — ‘Rich Dad Poor Dad’ Author

Bitcoin (BTC) is an essential investment as the world is about to face a “major banking crisis,” popular author Robert Kiyosaki has warned. In a tweet on Aug. 21, the author of Rich Dad Poor Dad told followers that there was no time to “think about” investing in safe havens. “Major banking crisis coming fast” The reason, he said, was that Warren Buffett had chosen to dump bank stocks. “WHY BUFFET is OUT OF BANKS . Banks bankrupt....

Bitcoiners back social platform to escape shadowbans and demonetization

A new social media platform called Locals has drawn strong backing from leading crypto figures as part of a push to escape Big Tech censorship. Locals Technology Inc. announced a $3.8-million seed investment round on Tuesday and included backing from Morgan Creek Digital Assets co-founder Anthony Pompliano, former Coinbase chief technology officer Balaji S. Srinivasan, as well as Alexander Lloyd, co-author of The Little Bitcoin Book. Locals is...

Jump Trading makes equity investment in sports fan token ecosystem Chiliz

Blockchain-based sports platform Chiliz has sealed an equity investment of an undisclosed amount from Chicago-based trading firm Jump Trading LCC.  Jump Trading — a proprietary trading firm founded 20 years ago by Chicago futures pits veterans Bill DiSomma and Paul Gurinas — has been engaged for some time in the cryptocurrency space, alongside its wider activities in global futures, options and equities markets. The firm specializes in...

Mass adoption of blockchain tech is possible, and education is the key

Blockchain technology is one of the most promising technologies of our times, and the core concept of it is really simple. Essentially, it is a public ledger or database, and I think that public education about what blockchain actually is can be the key to its mass adoption. Lack of knowledge and perception from the general public of the differences between blockchain technology and cryptocurrency are the major hurdles of mainstream adoption....

Turkey jails 6 in probe into missing Thodex crypto exchange CEO

Turkish authorities are progressing with an investigation into local cryptocurrency exchange Thodex, which abruptly halted trading last week. On Thursday, a Turkish court jailed six suspects pending trial, including siblings of the missing CEO and senior company employees, Reuters reported. As part of a probe, Interpol reportedly issued a red notice for Thodex CEO and founder Faruk Fatih Özer, who had reportedly flown to Albania. “When he is...

Despite scams, Australian securities regulator keen to support crypto industry

The Australian Securities and Investments Commission, or ASIC, has expressed its desire to support the crypto industry, noting the challenges associated with regulating innovative technologies. Speaking as part of a panel during Australian Blockchain Week on Thursday, ASIC commissioner Cathie Armour described the regulator’s objectives as working to “maintain, facilitate and improve the performance of financial system and the firms that...