GameStop saga reveals legacy finance is rigged, and DeFi is the answer
Traditional finance is a relic, and the GameStop saga is nothing but a prelude for what’s to come: the real decentralization of money. Go to Source Powered by WPeMatico
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Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the … Read more
Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster
An IPO is reportedly off the cards for now as Robinhood continues to deal with the fallout from the GameStop saga, and the resultant plunge in public confidence. Go to Source Powered by WPeMatico
Mark Cuban thinks Wall Street stands no chance against digital natives
The entrepreneur says that old-school investors are getting their “ass kicked” by the “Store of Value Generation.” Go to Source Powered by WPeMatico
Wallstreetbets and GameStop saga set for Hollywood treatment in new film
A major Hollywood studio has won the rights to turn the r/Wallstreetbets saga into a movie — less than a week after the GameStop short squeeze. Go to Source Powered by WPeMatico
Hundreds of thousands watch as AOC takes on Robinhood on Twitch
AOC and guests explored the conditions that led to the GameStop short squeeze and the ramifications of the institutional response to it. Go to Source Powered by WPeMatico
Altcoins soar after 10% Bitcoin price breakout flips $33K back to support
Altcoins soared higher as Bitcoin price reclaimed $33,000 as support just one day before a record $4 billion BTC futures expiry. Go to Source Powered by WPeMatico
Congress announces hearings on stock market in light of Robinhood v. Reddit battle
Both the Senate and the House are looking into Wall Street’s market practices, especially short selling. 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
GameStop short squeeze highlights the power of decentralization
What do the traders on r/WallStreetBets have in common with cryptocurrency traders? Both are using technological breakthroughs to skirt processes inherent in traditional financial systems. Go to Source Powered by WPeMatico
