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
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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
Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008. The … Read more
Paul Tudor Jones says Bitcoin is ‘like investing early in Apple or Google’
It scores highly among the possible options to counteract inflation. Go to Source Powered by WPeMatico
The Great Financial Reset: IMF Managing Director Calls for a ‘New Bretton Woods Moment’
As the global economy shudders from the disastrous effects of central planning, the International Monetary Fund (IMF) managing director in Washington, DC, Kristalina Georgieva is calling for a “new Bretton Woods moment.” Georgieva spoke about the juncture on October 15, and she stressed today’s economic hardships are the same as the difficulties the world faced … Read more