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
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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
Wall Street “Perma Bear” Predicts Stock Market Crash: Says Bitcoin Cannot Be Ignored as He Touts Gold
Long term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the specific commencement date for this downturn, he warns that when it breaks, “it’s likely to break hard and … Read more
Reddit investing group triggers crypto-style 860% rally in GameStop stock
The recent 860% rally in GameStop’s stock price shows social investing groups’ ability to trigger whipsaw asset volatility is not just limited to cryptocurrencies. Go to Source Powered by WPeMatico
As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains
Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response. The Bank of Japan has recently become the country’s largest stockholder and the European Central Bank is prepared to expand its colossal stimulus program. Meanwhile, Federal Reserve Chair … Read more
USDC issuer Centre lands Wall Street veteran David Puth as CEO
The company behind USDC has added a new face that could help further institutional adoption. Go to Source Powered by WPeMatico
Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin
The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale’s GBTC Go to Source Powered by WPeMatico