Solana unveils new Seeker device, says it’s not just a ‘memecoin phone’
Solana’s new Seeker device will be a “rewards magnet” like the Saga, but it’s not just a “memecoin phone,” says Solana Labs General Manager Emmett Hollyer.
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New Crypto Backed by Gold and Silver Can Now Be Used to Buy Tickets to Sport Events
An “evolutionary” monetary system that uses physical gold and silver as the basis for digital currencies has unveiled a series of partnerships as it works to increase participation in its platform and gain support from governments.Kinesis argues that backing cryptocurrencies with precious metals help to reduce the “severe price volatility” which have historically made them…
Crypto-friendly app Robinhood loses 8% in public Nasdaq debut
Unlike traditional IPOs with a six-month lockup period, Robinhood will allow its employees to sell 15% of its shares immediately after the public debut. 366 Total views 4 Total shares Shares of cryptocurrency-friendly trading app Robinhood dropped more than 8% in its public Nasdaq debut on Thursday, marking one of the worst initial public offering…
Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks
With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibilities. With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will…
Coinbase says it will ‘evaluate any potential forks’ following the Merge
“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. 245 Total views 24 Total shares Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise.In…
Grayscale Q4 2018 Report: Institutional Investors Provide 66% of Capital Inflow
Digital asset management fund Grayscale Investments latest crypto investment report released on Feb. 14 reveals that capital inflow from institutional investors is on the rise.For Q4 2018, Grayscale reports that institutions accounted for the majority of investments — at 66 percent. As well, investors were almost exclusively based in the United States (99 percent), although…
r/Wallstreetbets re-bans crypto discussions following Bloomberg article
Apparently r/Wallstreetbets doesn’t “bow to cryptocurrencies.” 4484 Total views 20 Total shares r/Wallstreetbets, or WSB, a subreddit famous for organizing a pump for Dogecoin (DOGE) and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day.Subreddit moderator u/bawse1 announced Thursday that WSB has now banned crypto discussions…
Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently" manipulate trading volumes on the Celsius platform. Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker Wintermute assisted Celsius executives in manipulating the prices of CEL (CEL) through the use of “wash trading.”According to a June 23…
What is opportunity cost? A definition and examples
Opportunity cost, explainedOpportunity cost is a concept in economics that refers to the value of the next best alternative that is forgone when making a choice — i.e., the cost of the best alternative that is not chosen.Consider the scenario when you have a limited budget and are debating between buying a new laptop or…