Bitcoin subreddit hits 2M subscribers following GameStop controversy
More than 200,000 Redditors joined the page last week. Go to Source Powered by WPeMatico
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Hedge fund behind shorting GameStop reports 53% loss in January
A Melvin Capital client claims that the firm has “massively de-risked” its investment portfolio following the controversy involving short-selling GameStop stocks. Go to Source Powered by WPeMatico
Financial ties between Robinhood and funds shorting GME fall under scrutiny
The trading platform’s decision to shut Redditors out from buying GameStop continues to raise eyebrows. Go to Source Powered by WPeMatico
Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades
“Robinhood’s entire business model is to cater to the exact people they are now trying to f— with and scare into selling,” said Dave Portnoy. Go to Source Powered by WPeMatico
Robinhood suspends buying for GameStop following stonks going ‘to the moon’
The video game retailer had its own GME Army pushing the price of the stock to an all-time high before platforms stepped in. Go to Source Powered by WPeMatico
Blackrock CEO calls Bitcoin an untested asset in a ‘very small market’
Larry Fink said he was fascinated with the media hype surrounding Bitcoin, but expressed concerns about the crypto asset’s volatility and market size. Go to Source Powered by WPeMatico
Following in Grayscale’s footsteps, new Bitcoin trust goes public in Canada
The investment firm said it had no plans to sell shares of its Bitcoin trust in the U.S. Go to Source Powered by WPeMatico
Human Rights Foundation CSO urges Time readers not to ‘demonize’ Bitcoin
“Bitcoin is neutral like cash, and can’t discriminate between good and bad,” said Gladstein. Go to Source Powered by WPeMatico
Bitmain CEO announces departure in the most crypto way
“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu. Go to Source Powered by WPeMatico
More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin
CEO Merrick Okamoto said the crypto purchase would help make Marathon an appealing choice to investors seeking “exposure to this new asset class.” Go to Source Powered by WPeMatico