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Coinbase Valued At $100 Billion, More Than CME, ICE, CBOE And Nasdaq zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Short Change: There are parallels between the GameStop saga and Bitcoin, according to CNBC. Data from The Block Crypto indicates that hedge funds are short on the apex coin by over $1 billion. The shorting picked up speed around October last year which coincides with the uptick in Bitcoin price. The cryptocurrency reached its all-time high of $41,941.56 on Jan. 8. At the same time, retail interest in cryptocurrencies has remained strong, with Robinhood having to shut off some cryptocurrency trading features as DOGE soared. The brokerage also restricted buying of GameStop and other shares amid the retail frenzy. The Long and Short Of It: WallStreetBets has spurred conversation among Bitcoin enthusiasts of a similar short squeeze rally in the cryptocurrency. ....
Even as the overall cryptocurrency market, led by Bitcoin (BTC), tread in bearish territory, decentralized finance (DeFi)-based digital assets are . ....
Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening but prominent crypto traders aren’t exactly sure what’s driving it. Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online, but there s truth to it. Subscribe to The Block to Unlock this Feature ....
Bitcoin Finland s customs authority is looking to sell bitcoin seized in 2016, now worth more than $75 million January 7, 2021, 9:15AM EST · 1 min read Finland s customs authority, Tulli, is looking to sell 1,981 bitcoins, local public broadcaster Yle reported the news on Thursday. The majority of the seized bitcoins (1,666) were confiscated in 2016 via the arrest of Finnish drug dealer Douppikauppa. The bitcoins were worth about $860,000 at the time of confiscation, and now they are valued at more than $75 million. Tulli is looking to sell the bitcoins directly or via a broker, CFO Pekka Pylkkanen told Yle. The collected amount will be sent to Finland s Ministry of Finance. ....