Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim. Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews of Robinhood, pushing the app’s rating from one star to about four stars. Google just removed over 120,000 negative reviews of RobinHood on the App Store. Screenshot is noon, and now pic.twitter.com/BjaXIEWhiD — Mr. Whale (@CryptoWhale) January 29, 2021 Google reportedly confirmed the massive removals to tech news publication The Verge, claiming that the …

Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000 to its current value of $33,400, an increase of 9.5%. The most notable gainer of the day was Dogecoin (DOGE) which surged more than 200%. The popular meme coin became the latest beneficiary of the 3 million member Reddit community behind the incredible GameStop (GME), BlackBerry (BBY) and AMC Theatres (AMC) pump that happened over the last few days. …

The connections between trading app Robinhood, Citadel hedge fund, Melvin Capital, and GameStop are becoming clearer as the Internet burns with outrage over allegations of market manipulation. Melvin Capital was one of the biggest players short-selling GameStop stock, or GME. When a number of Redditors — and gamers — on the r/Wallstreetbets subreddit pushed back against institutions trying to financially destroy the popular brick and mortar video game store, the price of GameStop shares shot up. This effectively turned the tables on Melvin and left the firm vulnerable, with its investors likely to lose billions. However, Citadel and Point72 Asset …

Japanese finance group SBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Nikkei report Thursday, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks using blockchain technology. The companies are reportedly planning to roll out the exchange in Osaka in spring 2020, while the platform is expected to start handling digital securities in 2023. In order to launch the exchange, SBI and SMFG will set up an operator, Osaka Digital Exchange, or ODX. SBI will have a 60% stake in ODX, while …

The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by members of the r/WallStreetBets subreddit to be under attack by a hedge fund which had disclosed a large short position in the stock. As a result of the pump coordinated on Reddit and executed by individual traders using platforms like TD Ameritrade and Robinhood, hedge …

In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy the level to prevent a further breakdown after reclaiming it. Whale clusters suggest three key levels in the near term: $34,970, $29,314 and $28,727. Currently, Bitcoin is battling the $30,000 support level. Whale clusters form when whales or high-net-worth investors buy Bitcoin and do not …

Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level. BTC price spooks amid GameStop row Data from Cointelegraph Markets and Tradingview showed any bullish momentum left in Bitcoin dissipate on Wednesday after rejection at highs near $33,000. "Another $30,000 retest for #Bitcoin," Cointelegraph Markets analyst Michaël van de Poppe summarized. Despite aiming for another test of monthly lows, Bitcoin's price action hardly surprised regular market participants. For fellow trader Scott Melker, it was a case of "wait and see" until the longer time frames completed. "6 …

Crypto exchange FTX has listed GameStop, a global video game retail chain, after the stock became by far the most popular choice on Reddit’s infamous r/Wallstreetbets, a community dedicated to trading stock market options. The FTX listing on Wednesday morning allows crypto traders to get in on the action as well. The offering comes as part of FTX’s tokenized stocks program, which features both spot and futures markets for popular stocks and indices. This allows crypto traders to get exposure to stocks using crypto and stablecoins, in addition to fiat options. GameStop's stock, trading under the ticker GME, has generated …

Bitcoin (BTC) showed little signs of improvement on Jan. 27, but one major fund believes that it will benefit from new trends among investors. At the same time, all eyes have been on GameStop (GME) price volatility this week. By comparison, GME has dwarfed BTC in gains so far this year, up over 3,000% percent, with some analysts calling the jaw-dropping rally "dangerous.” GameStop: Too many gains to handle? Data from Cointelegraph Markets and TradingView shows that BTC/USD suffered from selling pressure over the 24 hours leading up to Wednesday, trading at around $30,900 at the time of writing. A …

Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the world’s largest asset manager, has given the green light for two of its funds to invest in Bitcoin futures, BTC price still struggles to gain momentum above the $33,000 level. Meanwhile, the DeFi sector continues to flourish as Venus (XVS) and Fantom (FTM) saw their prices increase 23% overnight and the total value locked in DeFi protocols currently stands at $25.77 billion. Following …

Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME) for the popular video game retailer rallied 860% from $17.40 on Jan. 4 to a high of $159.18 on Jan. 25. On Jan. 25 GME pulled back 51.70% from its high to close the day at $76.79 but what lies behind the massive upsurge warrants closer inspection. While solid fundamentals often lead to price breakouts in both stocks and cryptocurrencies, the recent interest in GameStop appears to have more to do with the ‘Reddit army’ phenomenon which has seen internet groups …

Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream. After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor: between $30,000 and $40,000. What’s next? Cointelegraph takes a look at the factors impacting price performance this week. Stocks face a "spectacular bust" — analyst Stocks showed clear upward momentum on Monday, led by Hong Kong as a new favorite target for Chinese investors. Sentiment received a major boost earlier this month after United States President Joe Biden announced a $1.9 …