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DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady stream of small buyers for the memecoin. The firm announced the launch of the new feature on Sept. 8, and users are able to set up up recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis. The minimum purchase amount is $1, with the firm is promoting the feature as a simple way to DCA into crypto markets without paying fees. “If you place an order and spend $100 to buy Bitcoin, you’ll get $100 worth of Bitcoin. Period,” Robinhood stated. Related: PayPal reportedly looks to take on Robinhood with stoc...
Racing to restore Louisiana power, Entergy faces new questions about grid
“We know that every time there’s a hurricane, we have to start all over again and we have to rebuild these power lines — that costs tons of dollars as well. It’s kind of pay me now or pay me later,” Democratic Rep. Troy Carter, who represents New Orleans, said in an interview. “Bite the bullet, make the investment and make the big hit now, but have the long-term benefits that will last a lifetime, and God only knows how many lives will be saved.” That’s a similar idea to what the state and federal government did for flood protection after 2005’s Hurricane Katrina submerged most of New Orleans, when they spent more than $14 billion to fortify the levees. “We know preparation works. We’ve done it for levees, now we need to do it for...
Biden administration: Nearly half of U.S. power could come from solar by 2050
“The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the U.S. by 2035 and employ as many as 1.5 million people in the process,” said Energy Secretary Jennifer Granholm in a statement. Details: The Solar Futures Study, prepared by the National Renewable Energy Laboratory, found that by 2050, solar energy could provide almost 1,600 gigawatts of power capacity on a zero-carbon grid if the U.S. enacts aggressive policy changes. But the report modeled several potential scenarios, including a “business-as-usual” future based on existing state and federal clean energy policies that lacks a comprehensive effort to wring carbon emissions from the power sector. Under ...
Judge sides with Hoboken in climate lawsuit venue fight
Details: Judge John Michael Vazquez of the U.S. District Court for the District of New Jersey, an Obama appointee, on Wednesday ordered the case sent back to state court. “Ultimately, none of Defendants’ grounds for removal are sufficient for this Court to exercise subject-matter jurisdiction,” Vazquez wrote. Like most other judges who have addressed this issue, Vazquez wrote that Hoboken’s lawsuit is not subject to “complete preemption” under the Clean Air Act or the Outer Continental Shelf Lands Act and that no federal officer is implicated in the city’s suit. He rejected several other legal arguments made by the companies and ordered the matter back to a New Jersey court. But Vazquez questioned whether Hoboken will succeed on the merits in state court, writing that “fe...
Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates
The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were NEAR Protocol (NEAR), Algorand (ALGO) and PowerPool (CVP). NEAR Protocol gains 64% The top gainer NEAR Protocol is a decentralized proof-of-stake protocol focused on offering faster transaction speeds at a lower cost to help facilitate the adoption of blockchain technology. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low of $5.44 on Sept. 7, the p...
Delta Exchange launches options trading for Solana and Cardano
Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins. The initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date. Options give owners the right, but not the obligation, to buy or sell a specific security at a specified price within a pre-defined timeframe. Call and put options are used heavily in traditional markets but have become more prevalent within crypto markets. Delta Exchange already provides options trading for Bitcoin (BTC), Ether (ETH), XRP (XRP), Bitcashpay (BCP) and Binance Coin (BNB). As Cointelegraph reported, the derivatives exchange launc...
Blockstream and Macquarie Group launch Bitcoin mining pilot program
Blockchain infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot for a Bitcoin (BTC) mining facility with a mandate to explore carbon-neutral alternatives. As part of the pilot project, Macquarie Group is investing in one of Blockstream’s enterprise-grade mining facilities, the companies announced Wednesday. This will allow Macquarie Group to uncover new opportunities in renewable energy that can be bootstrapped for more sustainable Bitcoin mining initiatives. Macquarie Group is one of the largest institutional investors in the renewable energy infrastructure, with 44 gigawatts of generation under development or construction as of March 31, 2021. Blockstream has broadened its ambitions in the ...
Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH
Analysts are attributing Bitcoin’s (BTC) plunge on Sep. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin options market. On-chain monitoring resource Whalemap said the decline was largely caused due to selling by whales who had recently bought their Bitcoin and not by the HODLers. Separately, analyst Willy Woo also said: “Leverage markets sold off but investor buying just got stronger.” Every bull market has its share of corrections where weaker hands are shaken out and the stronger hands solidify their position. Therefore, if investors believe in the long-term story, they should not be perturbed by the pullbacks. Daily cryptocurrency market performance. Source: Coin360 ...
Warner’s ADA Adds Heads of US and International
“The independent music community is a vital part of Warner Music Group’s global business, and this move ensures that ADA is set up to continue super-serving our label partners and artists in the long-term,” said Kreidich. “With Marcus and Adriana at the helm, we’ll be organized to work even more strategically across the organization—accelerating our global capabilities and local impact as we push full speed ahead. I am thrilled to welcome these deeply respected, forward-thinking executives to the ADA family.” Siskind, known as “DL,” got started in the music industry in the late ’90s with the launch of his label and management company Mass Appeal Entertainment and over the years has worked with Lil’ Kim, Backstreet Boys, DJ Khaled and others. He formed the music comp...
Nashville Music Manager Stan Moress Dies at 83
Moress founded Nashville-based management and consulting firm the Consortium in 2001, alongside partners Bernard Porter, Al Schiltz and Mike Martinovich. Among those artists The Consortium repped over the years were Joe Diffie, Sherrié Austin, Billy Ray Cyrus and Catherine Britt. In 2005, Moress, Schiltz and Martinovich helped launch Midas Records Nashville. Moress’ clients and colleagues remember him as a generous spirit, who often felt like a family member and was always willing to go out of his way to help. Black, a Moress management client in the early 1990s, tells Billboard, “He always had a special place in my heart. We tended to be a comedy team when together, he the straight man, and I the jokester. We always had fun and I held him in great esteem. On top...
El Salvador reportedly fixes crypto wallet after bumpy Bitcoin rollout
El Salvador’s Bitcoin (BTC) adoption drive met its first roadblock after citizens reported problems downloading and operating the state-run Chivo wallet. While the wallet was taken down soon after it went live, Salvadoran President Nayib Bukele later announced that all the issues related to the BTC wallet have been fixed. He tweeted: “We have finished today’s maintenance of Chivo wallet. Report any malfunction here, in the comments.” Soon after El Salvador’s implementation of the Bitcoin Law, Chivo wallet was reportedly launched on major app stores, including Google Play, Huawei AppGallery and Apple App Store. After numerous user reports of system downtime and download issues, Bukele announced a maintenance period to improve the user experience and fix reported problems: “We will dis...
‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out
Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes. In a series of tweets on Wednesday, Willy Woo sought to get to the bottom of what made BTC/USD dive to lows of $42,800 on Tuesday. Woo: Bitcoin margin borrowers and open interest may be to blame With rumors flying over who was behind Bitcoin’s major price dip, analysts have been crunching data in order to understand where the rout began. Analogies to the March 2020 crash, sparked by coronavirus measures, abound, but Tuesday’s event showed major differences, Woo said. “Leverage markets sold off but investor buying just got stronger,” he summarized. “BTC flash crashes are caused by deleveraging, the COVID crash was similar in that derivatives overreacted, b...
