Category Archives: bitcoin

Trading app Public lists shiba inu coin on its trading platform as the Robinhood rival broadens crypto offerings

  • Crypto traders can now buy and sell shiba inu coin on trading app Public, the company said.
  • Public added cryptocurrency trading to its platform earlier this month.
  • Public users can trade multiple coins including bitcoin, ethereum, litecoin, and dogecoin.

Public, a retail trading app, added shiba inu coin to its list of cryptocurrencies users can buy and sell on the platform.

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The trading app added cryptocurrencies to its platform earlier this month, allowing users to invest as little as a dollar in digital assets including bitcoin, ethereum, bitcoin cash, dogecoin, litecoin, and cardano, among others.

The latest addition comes as shiba inu coin, inspired by dogecoin and its namesake dog breed, has been on an epic rally this month, thanks in part to hype from Tesla Chief Executive Officer Elon Musk. Even as shiba inu coin has deleted several zeros from its decimal, it’s still worth just a fraction of a penny.

In an email to Insider, a spokesperson for Public said, “Because the prices of cryptos can be volatile in the short-term and tend to follow different patterns than stock market securities, Public will have Volatility Reminders on crypto pages to ensure investors can make their own decisions with context.”

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Users who already activated crypto trading in the app can begin buying and selling the token, Public said, adding that any user can view the shiba inu page to learn more about it. Apex Crypto provides execution and custody services for the app’s crypto-trading feature, Insider reported previously.

tweet from shiba

Public, which launched in September 2019 as a more social investing app, has more than a million users and a market value of about $1.2 billion, according to the spokesperson. On its website, the firm says that it does not make money through payment for order flow, unlike rivals like Robinhood. It says eliminating PFOF from its business model in February was meant to align their interests with those of their users.

Source: Insider

Dogecoin, Polkadot, Binance Coin gain up to 13%

Major cryptocurrencies continued their upward trend on Monday, following a decent rally on the weekend. However, investors took profits off the table in some currencies. Seven out of top 10 cryptocurrencies were trading higher at 9.30 hours IST, led by Dogecoin which gained as much as 13 per cent.

The global crypto market cap topped the $2 trillion market, more than a per cent higher compared to the last day. Also, the total crypto market volume moved over 2 per cent higher to $113.61 b.

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Crypto traders have yet to meaningfully pile on leverage – essentially, borrowed money that can amplify returns or losses – as they have in past rallies.

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Momentum across the crypto market is strongly positive. During the initial half of the weekend, the markets were searching for support, said Edul Patel, CEO and Co-founder of Mudrex. “However, over the last 24 hours, things have heated up with BTC inching closer to $48,000. ETH is also looking pretty good after going past $3,300. We ar ..


CryptoPrice% Change
1Bitcoin$47,476.831.431.43
2Ethereum$3,271.52 0.830.83
3Binance Coin$412.32 2.222.22
4Tether$1.00 −0.02−0.02
5Cardano$2.13 −0.47−0.47
6Dogecoin$0.33 12.6912.69
7XRP$0.02 −3.18−3.18
8Polkadot$23.03 2.132.13
9USD Coin$0.99 −0.03−0.03
10Uniswap$29.92 0.930.93
How the crypto prices are faring

Tech View by Siddharth Menon, COO, WazirX
Bitcoin
Bitcoin has formed a classic flag-pole pattern on the weekly time frame. It has broken out of the flag pattern and is ready to resume its uptrend. We should not be surprised if it forms higher highs and higher lows from hereon. The crypto market looks strong and every dip has been bought in the last week.

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Key levels on weekly timeframe:
Resistance: $63000
Support: $37350

Ethereum
Ethereum has broken out of the rectangle pattern after a long consolidation of 14 weeks. After the EIP-1559 upgrade Ether looks more attractive than ever before and may be one of the reasons for the breakout. Ether is continuously outperforming Bitcoin in this cycle that started after the Mar 2020 crash last year.

Ether gained 3000% vs Bitcoin’s 1000% rally in the same time period. Bitcoin’s dominance has come down from 64% to 44% in this bull run. Quality projects like Ether and DEFI-based projects are helping the Alt market to grow.

Cardano managed to climb up in the top 3 last week, gaining 43% vs Bitcoin’s 3.8% rise. Some of investors’ favourite tokens, BNB and DOT, gained 13% and 5%, respectively in the past week.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)

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Bullish Set for Public Listing Through $9B Merger With Ex-NYSE President’s SPAC

Crypto exchange Bullish is set for a public listing through a merger with the special purpose acquisition company Far Peak Acquisition, led by former New York Stock Exchange President Thomas Farley. He will become CEO of Bullish.

  • The deal is expected to be completed by the end of 2021 and will see Bullish list on the NYSE, Bullish said Friday.
  • At $10 a share, the merged company has a pro forma equity value of $9 billion, subject to the value of crypto assets when the deal closes.
  • Talks for a SPAC merger were reported in June with some suggestions that the deal could value Bullish at $12 billion.
  • Bullish is backed by a number of prominent investors including PayPal co-founder Peter Thiel and digital asset manager Galaxy Digital.
  • The crypto exchange was unveiled in May as a subsidiary of Block.one and capitalized with more than $10 billion in cash and digital assets, including 164,000 BTC (+2.33%).
  • SPAC mergers are a common way for crypto companies to go public, with exchanges like eToro and lending fintech SoFi following this route.