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FTX lists GameStop (GME) futures amid unprecedented demand

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Cryptocurrency exchange FTX has listed March futures for GameStop (GME), the stock that is currently trading at around $300 in the pre-market session.

The exchange now has more than 60 tokensied stock listings that gives clients derivatives exposure to the stock market while using cryptocurrency as collateral.

GME has been trading within a parabolic advance since January 13, when it rose from $20 to $40 within a single four-hour candle.

It has gone on to make an 800% move to the upside after trapping in a number of high profile short positions from the likes of Melvin Capital.

Short sellers have reportedly lost a total of $5.5 billion on GameStop this year as retail traders begin to show their power on brokerage apps like Robinhood.

GameStop’s rise to popularity comes after a wave of hype on satirical subreddit page, Wall Street Bets, which attracted a tweet from Tesla CEO Elon Musk.

Astonishingly, GameStop was the most traded asset or stock on Tuesday, with more than $20 billion being traded to see it beat the likes of Tesla, Apple, Microsoft and Amazon.

Today’s trading session is expected to be extremely volatile as under pressure funds begin to unwind short positions while retail traders begin to consider taking profits considering the recent rally.

For more news, guides and cryptocurrency analysis, click here.

Source: https://coinrivet.com/ftx-lists-gamestop-gme-futures-amid-unprecedented-demand/

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Here Are the Top Small-Cap Altcoins That Will Beat the Market, According to Crypto Trader Tyler Swope

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Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations.

Neptune and Link Are Hooking Up to Mine Crypto

As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for themselves. It seems like Neptune wants to get a piece of the action.

Link Global is set to provide the firm with the power, facilities and rack space it needs to house its whopping 1,500 ASIC mining machines. It is estimated by Neptune that as many as 0.7 bitcoins will be produced each given day, though at press time, details are scarce regarding the company’s scaling operations and initial mining deployment.

Cale Moodie – the CEO of Neptune – commented in a recent statement:

The economics of bitcoin mining have changed drastically in the past months, and as such, we see this as another accretive revenue stream for shareholders. The partnership with Link enables us to rapidly move into bitcoin mining with the ability to scale as quickly as our resources allow. We intend to operate a low cost and highly profitable mining operation using the expertise and turnkey setup of Link along with Neptune’s ASIC miners. As always, Neptune is committed to maintaining low overhead while adding digital assets to our balance sheet. We are rather excited to scale this operation to add maximum value for our shareholders.

Over the past year, as bitcoin’s price has increased tenfold, so have the number of miners entering the industry. As a result, many new reports have been initiated claiming that bitcoin energy usage has reached an all-time high, and mining operations are now using more electricity than most countries.

In addition, the industry itself appears to be garnering mixed results. On the one hand, we are seeing many crypto and crypto mining stocks shoot up alongside the price of bitcoin. At the same time, we are also seeing many regions say “no” to future mining projects, a big one being China’s Inner Mongolia region.

Shutting Things Down Early?

This was a real shock for many industry heads given how big mining has been within the area for some time. Inner Mongolia is known for low energy costs, and thus it plays host to many crypto extraction businesses. However, earlier in the week, a statement was issued that the Inner Mongolia region would be closing all mining companies to conserve energy and prevent further environmental pollution.

Neptune provides its customers with a crypto portfolio consisting of some of the world’s top digital tokens, along with proof of stake assets and associated blockchain networks.

Tags: Bitcoin Mining, LINK, Neptune Checkout PrimeXBT
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Source: https://www.livebitcoinnews.com/neptune-digital-assets-corp-is-ready-to-mine-some-crypto/

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Source: https://coingenius.news/here-are-the-top-small-cap-altcoins-that-will-beat-the-market-according-to-crypto-trader-tyler-swope/?utm_source=rss&utm_medium=rss&utm_campaign=here-are-the-top-small-cap-altcoins-that-will-beat-the-market-according-to-crypto-trader-tyler-swope

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JPMorgan Has Reportedly Told Some Clients How Bitcoin Could Be Useful

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Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations.

Neptune and Link Are Hooking Up to Mine Crypto

As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for themselves. It seems like Neptune wants to get a piece of the action.

Link Global is set to provide the firm with the power, facilities and rack space it needs to house its whopping 1,500 ASIC mining machines. It is estimated by Neptune that as many as 0.7 bitcoins will be produced each given day, though at press time, details are scarce regarding the company’s scaling operations and initial mining deployment.

Cale Moodie – the CEO of Neptune – commented in a recent statement:

The economics of bitcoin mining have changed drastically in the past months, and as such, we see this as another accretive revenue stream for shareholders. The partnership with Link enables us to rapidly move into bitcoin mining with the ability to scale as quickly as our resources allow. We intend to operate a low cost and highly profitable mining operation using the expertise and turnkey setup of Link along with Neptune’s ASIC miners. As always, Neptune is committed to maintaining low overhead while adding digital assets to our balance sheet. We are rather excited to scale this operation to add maximum value for our shareholders.

Over the past year, as bitcoin’s price has increased tenfold, so have the number of miners entering the industry. As a result, many new reports have been initiated claiming that bitcoin energy usage has reached an all-time high, and mining operations are now using more electricity than most countries.

In addition, the industry itself appears to be garnering mixed results. On the one hand, we are seeing many crypto and crypto mining stocks shoot up alongside the price of bitcoin. At the same time, we are also seeing many regions say “no” to future mining projects, a big one being China’s Inner Mongolia region.

Shutting Things Down Early?

This was a real shock for many industry heads given how big mining has been within the area for some time. Inner Mongolia is known for low energy costs, and thus it plays host to many crypto extraction businesses. However, earlier in the week, a statement was issued that the Inner Mongolia region would be closing all mining companies to conserve energy and prevent further environmental pollution.

Neptune provides its customers with a crypto portfolio consisting of some of the world’s top digital tokens, along with proof of stake assets and associated blockchain networks.

Tags: Bitcoin Mining, LINK, Neptune Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://www.livebitcoinnews.com/neptune-digital-assets-corp-is-ready-to-mine-some-crypto/

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://coingenius.news/jpmorgan-has-reportedly-told-some-clients-how-bitcoin-could-be-useful/?utm_source=rss&utm_medium=rss&utm_campaign=jpmorgan-has-reportedly-told-some-clients-how-bitcoin-could-be-useful

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Neptune Digital Assets Corp. Is Ready to Mine Some Crypto

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Canadian company Neptune Digital Assets Corp. is partnering up with Link Global Technologies to engage in crypto mining operations.

Neptune and Link Are Hooking Up to Mine Crypto

As the price of bitcoin has exploded in recent months, the prospects of mining crypto are suddenly looking rather positive. The higher the price of a certain coin, the more profitable it is to mine, so right now, one can assume that anyone extracting new coins is making a nice living for themselves. It seems like Neptune wants to get a piece of the action.

Link Global is set to provide the firm with the power, facilities and rack space it needs to house its whopping 1,500 ASIC mining machines. It is estimated by Neptune that as many as 0.7 bitcoins will be produced each given day, though at press time, details are scarce regarding the company’s scaling operations and initial mining deployment.

Cale Moodie – the CEO of Neptune – commented in a recent statement:

The economics of bitcoin mining have changed drastically in the past months, and as such, we see this as another accretive revenue stream for shareholders. The partnership with Link enables us to rapidly move into bitcoin mining with the ability to scale as quickly as our resources allow. We intend to operate a low cost and highly profitable mining operation using the expertise and turnkey setup of Link along with Neptune’s ASIC miners. As always, Neptune is committed to maintaining low overhead while adding digital assets to our balance sheet. We are rather excited to scale this operation to add maximum value for our shareholders.

Over the past year, as bitcoin’s price has increased tenfold, so have the number of miners entering the industry. As a result, many new reports have been initiated claiming that bitcoin energy usage has reached an all-time high, and mining operations are now using more electricity than most countries.

In addition, the industry itself appears to be garnering mixed results. On the one hand, we are seeing many crypto and crypto mining stocks shoot up alongside the price of bitcoin. At the same time, we are also seeing many regions say “no” to future mining projects, a big one being China’s Inner Mongolia region.

Shutting Things Down Early?

This was a real shock for many industry heads given how big mining has been within the area for some time. Inner Mongolia is known for low energy costs, and thus it plays host to many crypto extraction businesses. However, earlier in the week, a statement was issued that the Inner Mongolia region would be closing all mining companies to conserve energy and prevent further environmental pollution.

Neptune provides its customers with a crypto portfolio consisting of some of the world’s top digital tokens, along with proof of stake assets and associated blockchain networks.

Tags: Bitcoin Mining, LINK, Neptune Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Check out Nord
Make your Money Grow with Mintos
Source: https://www.livebitcoinnews.com/neptune-digital-assets-corp-is-ready-to-mine-some-crypto/

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://coingenius.news/neptune-digital-assets-corp-is-ready-to-mine-some-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=neptune-digital-assets-corp-is-ready-to-mine-some-crypto

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Bitcoin’s Next Price Top Between $75K and $306K, says Kraken Research

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Bitcoin traders worry as price remains pinned below $50,000

After reaching lows of $43,500 last Sunday, Bitcoin staged a comeback, managing to hit $52,000 on Wednesday. There was optimism that the correction was over and that BTC would now have the chance to return to all-time highs.

Alas, the best-laid plans of mice and men often go awry. Fast forward to this weekend, and Bitcoin is once again struggling to break above $50,000 — a psychologically important milestone. Now, the nerves are starting to set in.

A drop below recent lows of $46,000 could open the door to further downward movement, endangering a bull run that’s been in place for almost a year… at least in the short term. Pseudonymous trader Rekt Capital believes BTC could bottom between $38,000 and $45,000 if this level fails to hold.

Traders are now beginning to speculate that Bitcoin may continue to trade sideways for now. A gloomy macroeconomic picture dominated by rising bond yields and a pullback in tech stocks certainly isn’t helping matters.

Then again, there’s always a metric that shrugs off the gloom… suggesting everything is fine. Glassnode’s Reserve Risk indicator suggests that BTC’s rally is still in the early to middle stage — even after this week’s pullback. Great. Nothing to worry about, then.

Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge

Tesla is now coming under pressure to sell off the $1.5 billion it holds in Bitcoin. Since the electric vehicle maker announced its crypto buy-in, TSLA shares have fallen by a stomach-churning 30.8%.

Gary Black, the former CEO of Aegon Asset Management, tweeted that Tesla would generate “positive momentum” if it bows out of crypto, adding: “Highly unlikely, but shareholders would be very supportive.”

Bitcoin’s price correction has also been hurting MicroStrategy — the business intelligence firm that owns more than 91,000 BTC. MSTR’s share price has tumbled by 52.8% in less than a month.

The company doesn’t seem too worried, though. MicroStrategy bought another 205 BTC this week in a $10-million spending spree that coincided with the latest dip.

While the software company began putting its existing assets into BTC in 2020, back when Bitcoin traded at about $10,000, its latest purchases have yet to break even.

Kings of Leon is releasing an album as an NFT

Buckle yourselves in… we’ve got so much NFT news to get through. One of the more attention-grabbing headlines this week came when Kings of Leon announced it is releasing its eighth album in the form of a nonfungible token.

Three types of NFTs are on offer, with the rarest offering front-row seats to Kings of Leon concerts for life, a personal driver and the chance to hang out with the band before shows.

Frenzied activity in the NFT sector doesn’t end here. The rarest Pepe of them all — “Homer Pepe” — went under the hammer for 205 ETH this week… that’s worth $323,000 at the time of writing. Meanwhile, an NFT made up of 100 individual pieces from 100 different artists sold out within minutes on Rarible.

Aavegotchis — NFTs inspired by the Tamagotchi devices that were oh so trendy in the late 1990s and early 2000s — were snapped up in under a minute. And as sales on NBA Top Shot continue to go through the roof, the executive chairman of the sports merchandise company Fanatics, Michael Rubin, said: “It’s almost a frenzy happening right now.”

If all of this wasn’t crazy enough, an original artwork by Banksy has been burned and turned into an NFT. Ironically, the piece is called “Morons” and depicts buyers at an art auction bidding on a piece emblazoned with the words “I can’t believe you morons actually buy this shit.”

Tether hit with 500 BTC ransom demand, but says it won’t pay

Still dusting itself off after a showdown with the New York Attorney General, Tether is really struggling to catch a break right now.

This week, hackers threatened to release sensitive company documents that supposedly belonged to Tether… unless they were paid a 500-BTC ransom — a staggering sum worth $23.8 million at the time.

Tether announced what was happening on Twitter and declared: “We are not paying.”

The deadline has now passed, but what remains unclear is whether the extortionists are attempting a simple cash grab, or whether it’s all part of a greater effort to undermine Tether and the rest of the Bitcoin ecosystem.

“Either way, those seeking to harm Tether are getting increasingly desperate,” the company added.

No crypto ban in India: Finance minister predicts “very calibrated” stance

There’s been another dramatic twist in the “will they, won’t they” saga of India’s planned crypto ban.

On Saturday, Indian Finance Minister Nirmala Sitharaman said reports that the government is pursuing a blanket ban on cryptocurrencies are overstated. She stressed that regulations won’t be as “severe” as previously reported and that the authorities were determined to take a “very calibrated” stance.

The comments will no doubt come as a relief for crypto businesses and investors in the world’s second-most populous country following years of uncertainty.

At one point, India was considering introducing jail terms of up to 10 years for anyone caught dealing in cryptocurrencies — along with a hefty fine. The country’s central bank also introduced a ban that stopped banks from offering services to crypto businesses, causing several to collapse. Those restrictions were sensationally overturned by the Supreme Court last year.

Sitharaman’s latest remarks are at odds with a Bloomberg report last month that claimed crypto assets would soon be completely banned in India.

Winners and Losers

At the end of the week, Bitcoin is at $48,445.86, Ether at $1,607.45 and XRP at $0.46. The total market cap is at $1,484,740,419,357.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Chiliz, Enjin Coin and Flow. The top three altcoin losers of the week are Cardano, 1inch and Stellar.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis

Most Memorable Quotations

“You should look for relative strength when others are weak. Global macro sold off yesterday and BTC did not give a donkey.”

Kyle Davies, Three Arrows Capital co-founder

“Bitcoin is holding up against the macro spectacularly well.”

Lex Moskovski, Moskovski Capital CEO 

“The fact that Bitcoin continues to show strength even with GBTC acting like a resistance band holding it back is very encouraging and shows to me that the overall story, that of accelerating adoption, is still intact.”

Chad Steinglass, CrossTower head of trading

“I think there’s going to be tremendous value created, but also there’s so many people getting into it, I don’t think everyone’s going to be successful.”

Michael Rubin, Fanatics executive chairman

“It’s early stages, but in the future, I think this will be how people release their tracks: When they sell a 100,000 at a dollar each, then they just made $100,000.”

Josh Katz, Yellowheart CEO

“I think Reed Hastings is a very innovative guy and has a lot of creative thinking, and I think he still controls the reins at Netflix, and so I think that might be the next big one to fall.”

Tim Draper, serial investor

“What we are seeing built with crypto today is just proof of concept. As tech continues to get better/cheaper/faster there will be new applications and maybe even something that supersedes what we know as crypto today.”

Mark Cuban, billionaire

“I see HOMERPEPE as the most important NFT in art history because its headline-making sale in 2018 influenced so many of the original crypto artists to believe we could put our art to work building both a market and belief around this new technology.”

Matt Kane, artist

“Is Bitcoin a currency? Property? An asset? Maybe all of the above, I’m going in with a 3% portfolio allocation.”

Kevin O’Leary, Shark Tank investor

“Bitcoin has returned almost 200% (so nearly tripled your money), every single year for 10 years, *compounded*.”

CaseBitcoin

“We’re sending a clear message to the entire industry that you either play by the rules or we will shut you down.”

Letitia James, New York Attorney General

“Those seeking to harm Tether are getting increasingly desperate.”

Tether

“There are a host of risks and obstacles that stand in the way of Bitcoin progress. But weighing these potential hurdles against the opportunities leads to the conclusion that Bitcoin is at a tipping point.”

Citi

Prediction of the Week

Bitcoin price is going to “infinity” — Kraken CEO

Hodler’s Digest has been home to some pretty sky-high Bitcoin price predictions over the years — $500,000 here, $1 million there. Determined not to be outdone, Kraken’s CEO has gone nuclear… predicting that BTC will be worth “infinity.”

Jesse Powell believes that, one day, humanity will simply give up pricing Bitcoin in U.S. dollars — telling Bloomberg that a $1-million price tag in 10 years’ time is reasonable.

Research from the company he runs is perhaps a little more realistic. Kraken’s latest analysis suggests Bitcoin could next top out somewhere between $75,000 and $306,000.

FUD of the Week 

BitMEX’s Arthur Hayes and Ben Delo negotiate surrender to U.S. authorities

The former CEO of the crypto derivatives exchange BitMEX is in negotiations to surrender to U.S. authorities next month.

Arthur Hayes and fellow executives are accused of violating the Bank Secrecy Act by the U.S. Department of Justice and the Commodity Futures Trading Commission.

Transcripts from a virtual court hearing suggest he’s going to surrender to the U.S. in Hawaii on April 6 — six months after he went on the run.

McAfee faces crypto-related fraud charges from NY court

Criminal charges are piling up for John McAfee. The crypto advocate and internet security pioneer has now been accused of fraud and money laundering conspiracy crimes. Allegations relate two schemes where cryptocurrencies were “fraudulently promoted” to investors.

Prior to today’s news, McAfee already faced charges from U.S. governing bodies for tax evasion and initial coin offerings that he allegedly advertised for compensation without properly informing the public. 

After going on the run from the U.S. government in 2019, McAfee was arrested in Spain in October 2020.

Dev says $31 million Meerkat Finance exploit was a “test” and funds will be returned

Alarm bells rang this week when Meerkat Finance, a decentralized finance protocol based on Binance Smart Chain, lost BNB worth $31 million — hours after it had launched.

The team initially claimed it had been the victim of an exploit but then deleted all its social media channels. Due to the nature of the breach, some believe that a “rugpull” scam had taken place.

But there might be some good news on the horizon for the victims of the exploit, which is one of the largest in DeFi’s short history. A Meerkat Finance developer posted in a newly created Telegram channel and revealed the exploit was a “trial” testing users’ greed and “subjectivity” — adding that the team was preparing to refund all victims.

Best Cointelegraph Features

DeFi who? NFTs are the new hot stars on the crypto block

NFTs are taking over from where DeFi left off, and data suggests asset tokenization will dominate 2021.

Crypto Pepes: What does the frog meme?

Cointelegraph Magazine talks to BarnBridge founder Tyler Ward, who has inadvertently created a Pepe the Frog NFT meme craze.

Pricing the hype: Crypto companies valued at billions as market booms

Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions.

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Source: https://cointelegraph.com/magazine/2021/03/06/bitcoin-nerves-tesla-dump-nft-insanity-02280306

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Source: https://coingenius.news/bitcoins-next-price-top-between-75k-and-306k-says-kraken-research/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoins-next-price-top-between-75k-and-306k-says-kraken-research

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