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Business Insider Australia | Business Without The BS businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
Coinbase Goes Down as Bitcoin Crashes mediaite.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediaite.com Daily Mail and Mail on Sunday newspapers.
The Next GameStop? Anthony Scaramucci Predicts Bitcoin to Surge Past $100K By Rudy TakalaFeb 3rd, 2021, 7:45 pm Anthony Scaramucci, the SkyBridge Capital founder and managing director who served for 11 days as former President Donald Trump’s White House communications director, said that he expected bitcoin to surge to obscene heights. “As the users grow, we do believe the price will grow,” Scaramucci said in an interview with Fortune published Wednesday. “If we’re right about its acceptability standard, and it becomes like digital gold, if you will, a store of value well, then, if you look at the math, gold is trading at $7, $8, $9 trillion. … Bitcoin is in the $500, $600 billion zone. Just going to to $1.5 trillion, $2 trillion would be an easy move for bitcoin if you get that demand, if you get that level of acceptability. ....
By Rudy TakalaJan 29th, 2021, 4:19 pm Dan Kitwood/Getty Images Coinbase users suffered from a massive outage on Friday that resulted in funds being widely locked down even as the company insisted it had resolved the problem. The issue comes a day after widespread anger over certain stock-trading platforms preventing users from buying shares in companies that experienced wild price surges this week. The fiasco caused one of those trading platforms, Robinhood, to trend on Twitter in conjunction with Coinbase on Thursday evening as users encouraged others to jettison Robinhood and the stock market in favor of Coinbase, a platform for investing in cryptocurrencies such as bitcoin. ....
The complaint, which names Ripple CEO Bradley Garlinghouse and former CEO and co-founder Christian Larsen, alleges the company’s XRP token constituted an unregistered securities offering, and that the two engaged in insider trading worth $1.3 billion. “We allege that Ripple, Larsen, and Garlinghouse failed to register their ongoing offer and sale of billions of XRP to retail investors, which deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to our robust public market system,” Stephanie Avakian, director of the SEC’s Enforcement Division, said in a statement. According to the complaint, Garlinghouse falsely told traders that he was “very long” in the currency meaning he was not selling it even as he Larsen “personally profited by approximately $600 million” from their trades. ....