Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?

American social news aggregation site Reddit has raised $ 300 million in a Series D funding round at a market valuation of $ 3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $ 150 million into the social site. So far, Reddit has raised $ 550 million in total from a myriad of investors including Sequoia, Fidelity, and Andreessen Horowitz. Are Reddit and Tencent Strange Bedfellows? The deal has led to an outrage online as Redditors are protesting the odd pairing of the Chinese juggernaut who is known for censoring topics the government wants and the free-speech forum,

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A Major Philippine Bank Just Launched Crypto ATMs and it May Fuel Massive Bitcoin Adoption

According to local publications, Union Bank of the Philippines, one of the largest commercial banks in the Philippines, has launched the country’s first crypto ATM. The bank said in an official statement obtained by Philstar that the purpose of the ATM is to provide local users an easy way to convert cryptocurrency to fiat and vice versa. The crypto ATM developed and distributed by UnionBank is a two-way machine, allowing users to purchase and sell cryptocurrencies. “In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will

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‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft

By CCN.com: Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Crypto Mining Thieves Jailed in Iceland Ringleader Sindri Stefanson bagged the longest sentence with a

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Fun with bots — Let’s make a massive sell wall at $20K!

Hey hodlers! Let's have some fun with the trading bots.

First let me explain something that you may not know if you're not a traditional "investor"

When third parties hold your — let's say — stocks for you, did you know that they can trade them and write contracts on them as long as you don't put them "on order?" One old trick is to place your shares on order, meaning, set a limit order at a price much higher than the current price. This prevents your broker from lending your shares to short sellers (and actually forces short sellers who may have already borrowed your shares to close at the current price). This article explains more about the concept

I did something fun today — instead of sending all of my latest purchase to cold storage, I placed half of it on order for sale at $ 20K. I'm sure today's nice little rise had nothing to do with my little order, but it got me thinking…

What if 10,000 people placed a tiny limit order of, say .02 BTC at $ 20,000? The bots would see these orders. It would really "mess with their heads" because the order book plays a role in most trading algorithms.

I DO NOT SUGGEST ACTUALLY SELLING AT $ 20K because next time we go there, we will overshoot it by a mile. What I am suggesting is that we each pile on a little dust in limit orders at that level just to fuck with the bots.

This post will undoubtedly be downvoted heavily. Please upvote and share if you think this is an interesting idea.

submitted by /u/diydude2
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