Retail

Oh where, oh where have Ethereum bulls gone? Sub-$4K ETH fails to entice traders

Cryptocurrency price corrected sharply today, including Ether (ETH), but this is a short-term move which is not reflective of the more macro-level events which still paint a bullish picture for assets like Ether and Bitcoin. In the last 30 days, Ether price gained 96%, moving from $2,138 to $4,200 on May 11. Normally the assumption …

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Dogecoin price dumps, but whodunnit? Whales, institutions or retail traders?

Most recently, DOGE pulled off a 10x gain as it rallied to $0.74 in the past week. The breakout was fueled mainly by Tesla CEO Elon Musk and his constant mentions of the token on social networks and interviews. Surprisingly, as Musk debuted on Saturday Night Live on May 8, Dogecoin price corrected by 42% …

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Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76. …

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French retail giant will launch Tezos-based stablecoin

Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stablecoin pegged to the Euro. According to journalist Grégory Raymond, the French retail giant will be launching the stablecoin to use in its stores’ loyalty programs as well as for trading. Groupe Casino oversees more than 11,000 stores in France and …

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Retail traders buying more Bitcoin than institutions: JPMorgan

According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms. JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000 …

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Apple is temporarily closing more stores due to COVID-19

Apple Apple will temporarily close more than 20 of its retail locations in Georgia, North Carolina and Texas as coronavirus cases continue to climb in those states. In an update on its website first spotted by Bloomberg, the company indicates five Apple Stores in Georgia, five in North Carolina and about a dozen in Texas …

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Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours

Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11. According to crypto market data aggregator Nomics, yesterday’s trading dwarfed PayPal’s previous volume record of $129 million recorded on Jan. 6. Since Jan. 1, daily volume has increased by …

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Lolli integrates ‘free Bitcoin’ functionality for eBay before Black Friday

Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin when they shop on eBay’s marketplace. The initiative is part of a dual strategy to integrate crypto payments with online marketplaces …

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Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook

U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues that when consumers are forced to spend, …

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Amazon Fresh grocery store in Los Angeles opens to the public

Amazon After a short period where you could only visit the store if you had an invite, Amazon’s first Fresh grocery location is now open to the public. Starting today, anyone who wants to visit the Woodland Hills, Los Angeles store can do so from 7AM to 10PM PT daily. The centerpiece of the store …

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