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Mister DeepFuckingValue's Former Workplace Fined Over His Meme Stock Conduct
20.9.2021
The last we saw of DeepFucking Value, aka Roaring Kitty, aka Keith Gill, he was giving testimony to Congress and standing accused of market manipulation over his part in hyping up GameStop stocks earlier this year. Now his former employer, MassMutual, has been fined over Gill’s conduct while...
IX Swap Platform, Bridge Between Traditional Financial Markets and Crypto Tokenization
9.9.2021
a token. This allows for error free transactions that are automatically reconciled and authenticated on the blockchain, with no human mediation. An STO, which is a Security Token Offering works in the same way as an ICO, except that investors' funds are represented through security tokens, rather t
African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency
6.9.2021
A Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to...
Newly Launched Wallstreetbets Defi App Aims to ‘Take Over Traditional Financial Markets’
4.9.2021
At the beginning of 2021, a trend ignited by the creators of the Reddit forum r/wallstreetbets caused the whole world to focus on retail traders in the stock market purchasing so-called dead stocks like AMC, GME, and others. The hype behind the Wallstreetbets group has fizzled in the last...
How Fintech Startups are Gaining Financial Markets
26.7.2021
Upcoming fintech startups working on innovative solutions for the financial cum technology sector are currently working on a wide variety of solutions. The roadmap devised by them, however, varies. Most of them work on the revenue generating model rather than customer-benefit model. These companies...
Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
21.7.2021
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome...
US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC
17.7.2021
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this...
Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells
6.5.2021
The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto...
Joe Biden’s Proposal to Double Capital Gains Tax Rate Shakes Financial Markets
23.4.2021
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current...
An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’
10.4.2021
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject...
Pet Food Tycoon's Takeover Of GameStop Is Nearly Complete
8.4.2021
Ryan Cohen, co-founder of online pet food company Chewy and favorite of the chaos engine that is the WallStreetBets reddit, will take over as GameStop chairman following the company’s annual shareholder meeting in June.Read more
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
Dysfunctional Financial Markets Are Making Inequality Worse
19.3.2021
Arman Hassanniakalager, Lecturer in Finance, University of Bath.
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The global market in government bonds has been bleeding red lately. “Bond market screams for help but no one answers”, says Bloomberg. It is “the worst start to a year in bonds since 2015”, according to the Financial Times....
Mister DeepFuckingValue Goes To Washington
18.2.2021
History was made today when Reddit user DeepFuckingValue, who goes by Roaring Kitty on YouTube, opened his Congressional testimony in a hearing about GameStop stock by specifying, for the literal record, that he is not actually a cat.Read more
El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy
14.2.2021
The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses. Document: Crypto Adoption as a Payment Means...
Even The Justice Department Is Looking Into The GameStop Stock Fiasco
12.2.2021
While the dust starts to settle around GameStop’s meme stock phenomenon, investigations into the hedge funds, trading platforms, and the Reddit community that fueled it are just getting started. Many people have already lost a lot of money, but even more could be on the line if lawmakers...
WallStreetBets Is Disrupting Financial Markets — Possibly Permanently
7.2.2021
Pierre-Yann Dolbec, Assistant professor in marketing and Research Chair in Complexity and Markets, Concordia University.
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If the financial world follows the pattern seen a decade or so ago in other markets, such as fashion and music, Reddit’s WallStreetBets (r/wallstreetbets) phenomenon might...
Congress Calls On Reddit Meme Stock Trader To Testify About GameStop
4.2.2021
Rep. Maxine Waters announced that Reddit investor DeepFuckingValue, AKA YouTuber Roaring Kitty, AKA former insurance marketer Keith Gill, will testify before Congress about what the hell has been going on with GameStop’s stock later this month.Read more
GameStop Stock Is Starting To Go Bust
2.2.2021
After soaring for more than a week, GameStop’s stock has plummeted back down to earth, sinking below $100 a share several times today, a drop-off of more than $200 from last week. Read more
Someone Already Sold The Movie Rights To An Unpublished GameStonk Book
1.2.2021
Someone is already writing a book on the saga that has been GameStop’s stocks, which in turn is already primed to become a movie. It’s barely been a week.Read more