Dave Portnoy, Barstool Sports' founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of "strong hands." "To steal a line from my crypto friends — you can't have weak hands," Portnoy said in a Sept. 8 Twitter video. "If you have weak hands, this game is not for you." Weak hands refers to someone selling their trading or investing position out of fear after (or during) a price decline. Stocks have suffered declining prices recently, including today, on which Portnoy boasted of his hand strength. "Do ya see my hands shakin?" Portnoy said. "I'm down 700 …

PlanB, the man behind the widely-referenced stock-to-flow Bitcoin (BTC) value charts, described exciting times ahead for the asset. "We're four months after the halving, and it's about to get very interesting," anonymous Twitter analyst PlanB said in a Sept. 4 podcast interview with Peter McCormack. PlanB's stock-to-flow, or S2F, model has tracked Bitcoin's price activity in line with its halving events, finding rising prices following such events based on Bitcoin's decreasing inflation rate via mining. The model predicts Bitcoin hitting near $288,000 per coin by the time its next halving arrives. Although PlanB said he is tied to his S2F …

Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits. "I'm up 100 grand in Bitcoin — in a week," he said, noting positions in Ethereum and other crypto assets as part of an Aug. 17 video posted on Twitter. "I'm up like $98,000 in Bitcoin — not bad," he added. "At this rate, I'll make like a million dollars a month in Bitcoin." Portnoy has made a name for himself in 2020 as a popular live-streaming stock trader on Twitter, calling …

Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. “Our retail success was outstanding,” Overstock CEO and Medici Ventures president Jonathan Johnson told Cointelegraph on July 30. “There were also some good Q2 wins from our blockchain companies,” he added, pointing specifically toward blockchain branch tZERO, its alternative trading platform, tZERO ATS, and blockchain-based voting app Voatz. Overstock issued digital securities to investors in Q2 "Total net revenue was $783 million, an increase of 109% year over year," a public statement on Overstock’s second quarter performance said on July …

Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices. “We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day after bitcoin rose more than $1,000 in a 24-hour period. Bitcoin broke upward Crypto’s pioneer asset had a standout day on July 27, rising from $9,930 to $11,400 within a single daily price candle, according to TradingView.com data. “Volume was strong on Bakkt and CME yesterday,” Alfred said on July 27, referencing two mainstream traditional financial entities housing BTC trading …

The Human Rights Foundation, or HRF, a major global organization promoting democracy and freedom, continues to explore the use of cryptocurrencies like Bitcoin (BTC) as a way to protect human rights around the world. The HRF recently partnered with crypto custody startup Casa to help global activists effectively protect crypto funds used to fight human rights abuses and challenge authoritarianism. Casa to share Bitcoin expertise to support human rights As part of the new collaboration, Casa will be working with the HRF to educate non-profit organizations, or NGOs, and activists about Bitcoin. Announcing the news on July 15, Casa said …

The crypto market might soon see an uptick in legal hiring as it is moving out of regulatory gray zones, according to a recent article from Bloomberg Law. The publication interviewed a number of experts from the industry following the news that Coinbase had tapped former Facebook vice president and deputy general counsel, Paul Grewal, as the leader of its legal team. The main consensus was that the amount of in-house hires in the crypto industry is likely going to rise significantly in the near future, mainly because the market is actively pushing itself into the financial mainstream. Specifically, Marco …

Amid a bullish mainstream market, news of Coinbase's reported traditional stock market listing could prove timely alongside other companies similar public listing efforts. "When good times are rollin in the stock market, people want to get in there," Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano's response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase's listing. Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits almost 42% higher than its its March 2020 low, …

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto's largest asset — Bitcoin (BTC). “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” Bezos’ deep pockets compared to Bitcoin At press time, Bitcoin holds a market cap of approximately $166.4 billion, according to Coin360 data, showing the value …

Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption. "When a traditional player like PayPal, who has 325 million users, enters the crypto space, it is sure to have a positive impact in highlighting cryptocurrencies to a big new audience," Lau told Cointelegraph via email correspondence on June 24. PayPal rumors and job listings surface Rumors hit the web on June 22 of PayPal adding cryptocurrencies to its …

Barstool Sports' millionaire founder, Dave Portnoy, recently re-tweeted his 2017 video on Bitcoin, saying his view on the asset has not changed. "For everybody trying to get me in the Bitcoin game, I made this video in 2017," Portnoy said in a June 19, 2020 tweet. "I still feel this way." Portnoy's 2017 sentiment Active on social media, Portnoy has made noise since the start of the COVID-19 pandemic for his comedic stock day trading videos, in which he alludes to his lack of market prowess. In his 2017 video, Portnoy said he was a "Bitcoin investor" that year, due …

In a recent advertisement, the United Kingdom, or UK, branch of car giant Land Rover laid out a number of significant historical landmarks, including Bitcoin among the mix. In an advertisement shaped as a walk through history, Land Rover's video labeled a number of groundbreaking historical developments. Posted by the company's United Kingdom branch in a June 17 tweet, the ad included Bitcoin's network creation as a major mark in history. The ad cruises through history Starting with the first heart transplant in 1967, the ad glided through years of history, mentioning happenings such as olympian Mark Spitz and his …