Search results for "dogecoin"

Robinhood share value falls below IPO valuation

Robinhood, the platform that was once the raging crypto trading application, marked on Tuesday shares drop below its initial public offering (IPO) valuation after trading hours as revenues fell with key cryptocurrencies, such as Dogecoin. The trading site is witnessing a change in its winds, as its long trail of investors are holding back their […]

Robinhood’s stable feature for crypto investing

Robinhood revealed on Wednesday its latest feature allowing users to invest in the cryptocurrency market customarily and regularly for just one U.S. dollar without any additional fees in a bid to augment the company’s fast-growing parts. The trading company announced that the reason behind releasing this feature is to provide a secure way to minimize […]

Billionaire John Paulson bets against cryptocurrency’s climb

Billionaire investor, John Paulson, is setting his bets against cryptocurrency, predicting the crypto market’s vacant financial fantasy is bound to collapse as it will “go to zero,” as he gives gold the knighthood of a “safe haven.”  Since digital coins are the desired novelty of this era, from the looks of it, cryptocurrency will stand its ground as […]

Robinhood's crypto trading surges, as overall growth slows

After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies. More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading dogecoin, bitcoin and other cryptocurrencies. Robinhood also said Wednesday that it lost $501.7 million, or $2.16 […]

Bitcoin rises above $30,000 as Tesla chief likely to welcome it back

Bitcoin rises back after witnessing another slump, surging past $30,000 today according to Coindesk.  Once again, Elon Musk is behind the intense jump in value, as he reiterated his backing of Bitcoin during a panel held on Wednesday.  The Tesla chief, who has been extremely vocal in the past about the environmental risks of Bitcoin mining, has confirmed during the “B Word” cryptocurrency conference that he will most likely resume accepting Bitcoin.  “I […]

El Salvador makes Bitcoin legal tender

El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency, originally created to be money out of the control of governments, can be used in any transaction […]

EXPLAINER: Why has the price of Bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]

Venmo is into crypto, allowing users to buy Bitcoin, others

Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. In addition to Bitcoin, Venmo has opened up the platform to Ethereum, Litecoin and Bitcoin Cash — generally considered to be among the mainstream of the digital […]