Alexis Ohanian, the co-founder of Reddit, told conference attendees on Tuesday that he has partnered with Solana Ventures to further the growth of decentralized social media projects on the Solana blockchain. What Happened According to a report from CoinDesk, Ohanian’s venture firm Seven Seven Six and Solana Ventures announced a $100 million commitment to “the…
Reddit Co-Founder and Solana Ventures Invest $100 Million to Build Social Media on Solana
‘Relentlessly Up’: Bitcoin, Ethereum Hit All-Time Highs
Market-leading cryptocurrencies Bitcoin and Ethereum suddenly spiked to new highs on Wednesday. What Happened Bitcoin added $2,000 to its price within minutes, as a large green candle sent the leading digital asset to a new high of $68,789. Ethereum quickly followed suit with its own all-time high of $4,851. The cryptocurrency traded as high as…
Tim Cook Talks Crypto Holdings, Whether Apple Could Accept Crypto in the Future
As crypto trades near all-time highs, all of the companies that added Bitcoin to their balance sheets this year are net positive on their investments. As one of the most influential tech companies in recent times, might Apple Inc consider investing in crypto and blockchain technology? “I wouldn’t go invest in crypto, not because I…
Shiba Inu, Dogecoin Dominate Indian Crypto Market, Emerge as the Most Traded Cryptos
According to a new report, cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE) made up 13.72 percent of the trading volume on crypto exchanges in India. The analysis coming from data collected between April and October. These two coins have risen to rank among the top cryptocurrencies in the market. At the time of publication Dogecoin…
$55 Million Stolen as DeFi Protocol bZx Is Compromised Again
Multi blockchain-based decentralized finance (DeFi) protocol bZx (BRZX) has been compromised with significant funds siphoned out of its lending ecosystem. What Happened The private key held by the bZx development team was compromised resulting in $55 million of cryptocurrencies being stolen, according to a Friday tweet by blockchain cybersecurity firm SlowMist. The project’s team told…
A Small but Emerging Trend in the Jobs Market: ‘I Quit! I’ve Made Enough Money on Crypto’
Cryptocurrencies have all rallied strongly in October, with Bitcoin (BTC) and Ethereum (ETH) among the majors hitting all-time highs. These decentralized currencies are also having an impact on macroeconomic variables, according to a new survey. What Happened About 4 percent of the people surveyed said they have—or know of someone—who quit their jobs at some…
Australia’s Banking Regulator Looks Into CBA’s Jump Into Crypto
SYDNEY—Australia’s banking watchdog said it was examining the regulatory implications of Commonwealth Bank’s planned introduction of bitcoin trading to unsophisticated retail investors—the first bank in Australia to do so. CBA says it would welcome a clear regulatory framework for crytpocurrencies, which are not formally regulated in Australia. On Wednesday CBA broke banking industry ranks to…
Apple Co-Founder Steve Wozniak Says Tracing Crypto Is Hard but Possible
Apple Inc co-founder Steve Wozniak believes that crypto will be used effectively in the future, but said its hard-to-trace nature could be challenging to its wider adoption. What Happened In a recent interview with Yahoo Finance, Wozniak said crypto has “an awful lot of promise” enabled by blockchain technology. “Yes, I am in that camp…
Robinhood Shares Drop Below IPO Price in After-Market Trading on Crypto Slowdown
October 27, 2021
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Robinhood Markets Inc.’s shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Shares of Robinhood were down 8.77 percent at $36.10 following the release of the results, below the $38…
Whales Buy Millions of Dollars Worth of SHIB, as Shiba Inu Prepares to Breakout
An anonymous buyer, who has been on a Shiba Inu shopping spree since the beginning of Oct, has now accumulated 49.9 billion SHIB tokens. The Ethereum whale has spent close to $1.2 billion to collect the SHIB tokens. The Dogecoin-killer Shiba Inu is seeing a massive influx of attention on social media, second to Bitcoin’s…
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