Cryptocurrency

3D-printed Robinhood logo is seen in front of U.S. dollar banknote in this illustration taken, July 1, 2021. REUTERS/Dado Ruvic July 28 (Reuters) - Robinhood Markets Inc (HOOD.O) thrived thanks to the popularity of so-called meme stocks such as GameStop Corp (GME.N) with retail investors. Becoming a meme stock itself comes with trading volatility that is giving pause to some potential investors in its initial public offering. The trading app's monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June, as retail investors on social media sites such as Reddit speculated on stocks such as GameStop and AMC Entertainment Holdings Inc (AMC.N). In an unusual move, Robinhood has reserved between 20% and 35% of its IPO shares for retail investors who are users of its app. The IPO is expected to price later on Wednesday and raise about $2 billion. Robinhood has warned in its IPO registration that the participation of retail investors could tri...

Ant Group has spent months on a digital-yuan trial involving tens of thousands of its employees. Photo: Qilai Shen/Bloomberg News HONG KONG—China is calling on private-sector pioneers Ant Group Co. and Tencent Holdings Ltd. to help it develop a state-backed digital currency that threatens the pair's highly popular payment networks. The People's Bank of China in recent months has accelerated the testing of its digital yuan, putting the operators of Alipay and WeChat Pay in a difficult spot: They have little choice but to take part, despite the risk of eroding the huge user bases they have grown over years. Most of China's 1.4 billion people use at l...

Cyprus-based Libertex has become the latest broker to add MetaTrader 5 (MT5) to its offerings for European clients, thus further expanding support for its trading services. Announced on Monday, Libertex will offer both demo and real accounts on the MT5 platform. It has become one of the many brokerages to add MT5 trading platform in their offerings. Bank Account Alternative. Business Account IBAN. Commenting on the development, Andrew Nikolaev, General Manager Europe at Libertex, said: "Progress is inevitable, and we see a shift in the market demand towards MetaTrader 5. It was important for us to extend the list of available solutions and to start offering platform solutions which are of interest to our customers."  "With the newly launched MetaTrader 5 platform, traders can access financial markets through the advanced software and trade in global markets more efficiently and faster." Suggested articles TrioMarkets Partners with HokoCloud, Expands its P...

New coins on Binance that crypto traders will want to keep an eye on include Amp (CCC: AMP-USD ) and Ankr (CCC: ANKR-USD ). Source: Novikov Aleksey/Shutterstock.com Binance U.S. announced plans to list the new coins on its platform Wednesday. Both were slated to start trading at 8:00 a.m. this morning as part of the exchange's Crypto Days of Summer promotional event. True to its word, Amp and Ankr are both now trading on Binance starting this morning. This opens the way for these cryptos to reach larger audiences and price increases for them in the coming days. So what do crypto investors need to know about the new coins on Binance? Let's jump into the details below. New Coins on Binance: AMP AMP is an Ethereum (CCC: ETH-USD )-based digital collateral token. It allows for instant and secure transactions. The Flexa Network makes use of AMP for secure and transparent transactions. The crypto can be used to secure trades with other cryptos, such as ...

As the founder of India's biggest cryptocurrency exchange, Nischal Shetty has his finger on the pulse of new trends. In 2017, after taking more than a week to buy his first bitcoin, he spotted a gap in the market to simplify trades of the then-booming digital currency. By 2018, he had launched WazirX as a localized cryptocurrency trading platform for his native country India — a business that was later acquired by Binance, the world's largest crypto exchange. Now, he has his eye on the next phase of growth for cryptocurrencies. The challenge is to understand what is the right time for the idea, because crypto is still early. Nischal Shetty founder and CEO, WazirX "The last three to four years (have) been the time for building crypto exchanges, layer one blockchain products," Shetty told CNBC Make It. Blockchain refers to a decentralized, digital ledger, which can be used to record data and transactions. One of its primary uses is the storage and management of digital ...

Follow @crypto Twitter for the latest news. Bitcoin has long been known for its violent swings in price. But the volatility isn't just driven by tweets from Elon Musk or warnings from Chinese regulators: It's also fed by a massive derivatives industry that has boomed on the back of voracious demand for leverage and speculative tools in cryptocurrency markets. In some ways it's a tale as old as Wall Street, but now in a new digital wrapper. For instance, when Bitcoin plunged as much as 30% in a day in May, leveraged-up positions in futures and options were wiped out, with the expected consequence of amplifying the sell-off as they had boosted the rally earlier. Adblock test (Why?)

The use of cryptocurrencies is on the rise. This is despite efforts from the government of several nations to curb the use of cryptocurrencies. Many people are still diving into the crypto market, either as traders or miners. The market is still going strong, and some can say even evolving. The constant rise in the number of traders of cryptocurrencies means that trading platforms like Profit Horizon are extremely important, especially if you want to make huge profits. These types of platforms offer traders more opportunities to compete in the huge crypto market. Traders on Profit Horizon can make profits using the platform with just a little start-up investment. After their Profit Horizon login, they can begin earning money automatically with the help of the platform's trading robot. This way, you can make money and save time and still take care of other businesses. The question many people ask is that is Profit Horizon legit? Our review below will help you answer all your que...

Amazon reportedly acknowledges interest in digital currency and blockchain, but says it has no specific intentions in the space. According to Coinbase, an Amazon spokesperson emailed a statement clarifying its recent job posting for a new position of Digital Currency and Blockchain Product Lead.  [Read More: Amazon may become digital currency player] "Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," the Amazon spokesperson said in the email. "We remain focused on exploring what this could look like for customers shopping on Amazon." According to Amazon's job posting, "The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap. You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and ...

Where the smart money in crypto is going next: NFTs, blockchain and more | Fortune