Key Takeaways Bitcoin broke out of a consolidation pattern that could see it rise towards new all-time highs.  Ethereum entered price discovery while the technicals point to an upswing towards $1,900. Meanwhile, the rising number of stablecoins flooding cryptocurrency exchanges suggests traders are preparing to buy.  Bitcoin and Ethereum have […]

One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion. He revealed that the institutional interest in bitcoin is “astounding,” noting that almost all major institutions in the U.S. are having discussions about the cryptocurrency. He believes that bitcoin will be worth more than […]

The Commodity Futures Trading Commission (CFTC) has published its anticipated monthly report for December 2020, which covers data for FCMs that are registered as retail foreign exchange dealers (RFEDs) and those included as broker-dealers that hold retail forex obligations in the United States. The latest data shows a total negative […]

Key Takeaways Yearn Finance will mint 6,666 YFI tokens, reaching a total of 36,666 YFI tokens in total. 2,222 YFI tokens will be given to the leading contributors, while 4,444 YFI tokens will be handed over to the treasury. This proposal was introduced to attract contributors, retain existing talent and […]

The Financial Commission’s board has approved a new applicant to join the self-regulator’s member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets. This round of approved applicants includes a Nigerian FX broker called Eagle Global Markets. The FinaCom PLC has also issued an […]

British financial technology startup, Revolut stopped users from investing any further in Texas-based video game retailer GameStop and movie theatre chain AMC. The challenger app attributed the move to new restrictions imposed by their technology provider, the US broker-dealer, DriveWealth, LLC. New Jersey-based DriveWealth is a major partner to many retail trading […]

London-listed IG Group (LON:IGG) has suspended the opening of new accounts as the trading platform is facing technical issues with the ongoing frenzy with some stocks. The coordinated short squeeze by the amateur traders on popular subreddit, WallStreetBets has brought many major hedge funds to their knees, which held short positions […]

It has been a volatile few months for bitcoin. On Friday alone, the cryptocurrency briefly shot 20% higher after billionaire Tesla founder Elon Musk changed his Twitter bio to "#bitcoin." Though it quickly gave up those gains, there are parallels between bitcoin's swift move higher and the GameStop stock mania, […]

Robinhood, the trading platform that became a battleground in the war between amateur traders and Wall Street pros, has another $2.4 billion from shareholders, according to The Wall Street Journal report. The latest funding came only a couple of days after the platform raised over $1 billion as emergency cash. Then, the […]

Key Takeaways Popular cryptocurrency exchange FTX has added silver to its growing list of traditional assets. Thanks in part to a large group of Reddit users, silver is up almost 20% since Thursday. Rising demand for the precious metal has caused many established dealers to run out of physical silver. […]