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Wall Street Bets and Gamestop Saga to Be Made Into a Movie
2.2.2021
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights...
Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy
2.2.2021
This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets...
Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?
1.2.2021
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them
Robinhood Can’t Democratize Finance Using Old Tools
1.2.2021
Robinhood saw the ire of traders last week because it promised to be different. It turned out to be fancy app on top of an antiquated system
Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison
30.1.2021
A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund...
The Small Guys Rebel Against their Big Brother Hedge Funds
30.1.2021
What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan
Crypto Lender BlockFi Registers Bitcoin Trust With SEC
29.1.2021
BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack
27.1.2021
Spanish cryptocurrency exchange 2gether has announced that it won’t compensate users for the full amount of bitcoin (BTC) and ether (ETH) stolen in August 2020. The exchange said that almost 5,000 of its customers won’t receive their cryptos under the compensation plan. Company Asks...
Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE
24.1.2021
2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing...
eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto
21.1.2021
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds
World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures
21.1.2021
Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into Bitcoin Blackrock filed...
Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on
17.1.2021
While some traders have gotten mixed signals, Guggenheim's Scott Minerd is taking the long view
3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
16.1.2021
The digital asset manager also reached C$1 billion in net asset value this week
Profit taking? Institutional crypto fund inflows drop 97% in three weeks
12.1.2021
CoinShares has reported “evidence of potential profit taking” among institutional investors, as weekly crypto fund inflows drop 97% in less than one month
SkyBridge’s Bitcoin Cache Rises to $310M
4.1.2021
SkyBridge's bitcoin investment has already climbed to more than $300 million, mostly due to price appreciation in the past couple of months
Nasdaq Listed Greenpro Capital to Set up Bitcoin Fund Using a $100 Million Loan
31.12.2020
The Nasdaq listed Greenpro Capital Corporation has revealed plans to set up a bitcoin fund using $100 million in borrowed funds. In addition to the borrowed funds, Greenpro, through its subsidiary Cryptosx, says it plans to use its own cash resources to acquire the digital asset. The financial...
SkyBridge Capital Has Already Invested $182M in Bitcoin
29.12.2020
“Bitcoin is digital gold,” SkyBridge says in its pitch to investors. “It is better at being gold than gold.”
Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago
24.12.2020
The firm's bitcoin AUM rose by more than $3 billion in a week
Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple
23.12.2020
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund
Let Them Eat Cake: Congress Approves a $900 Billion Stimulus Package, Billions in Pork Funds, Federal Employees Get a Raise
23.12.2020
The United States Congress has approved a $900 billion Covid-19 relief package that’s tethered to the government’s $2.3 trillion year-end funding plan. Of course, talks of Americans getting $600 checks have started to circulate online, but reports also include the discussions...