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In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion.  Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly rise in value to become prized investment opportunities for yield-seeking funds. Some of the best-known
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Robinhood, the stock trading app formerly popular with millennials, is facing another class-action suit, following its recent temporary suspension of purchases of GameStop and other “meme-stocks” through its platform. The lawsuit, filed Jan. 29 in Houston, Texas, alleges that Robinhood, along with other named defendants including TD Ameritrade and WeBull, arrived at “a common understanding
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The way Celsius founder Alex Mashinsky tells it, he not only invented DeFi, but also Uber and VoIP — and he even had a crack at creating Bitcoin, four years before Satoshi Nakamoto. Weirdly enough, there’s some truth to all these claims. “I tried to create electronic money in 2003, 2004,” he said, as if
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Early Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor. The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on January 26. The post linked to his new website with a number of promises for the U.S.
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Bitcoin (BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action. BTC price rally turns sour Data from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in early week trading.  At the time of writing, BTC/USD was lingering closer to
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