Search
GameStop’s Meme Stock Is Back With A Vengeance
1.4.2022
People have been waiting for the GameStop bubble to pop for over a year now. Instead, the ailing brick and mortar video game retailer just posted another record week on Wall Street. Earnings are down. Employee morale is in the pits. But the company’s stock went from $78 per share last month to over...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’
5.1.2022
The Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has announced the firm has made multiple partnerships in Hong Kong, and has plans to create a “Mega City” in the metaverse. Partners who acquired land in The Sandbox to build Mega City include Hong Kong...
The Real Guy From The Big Short Gets Subpoenaed About GameStop
27.9.2021
The frenzy around GameStop and other meme stocks from earlier this year may have quieted down a bit, but the SEC is still diligently on the case, trying to get to the bottom of what happened. That apparently includes subpoenaing big time investor Michael Burry, famous for betting against the 2000s...
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...
Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds
14.9.2021
Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coinbase unveils its plan to raise $1.5 billion by selling bonds. Coinbase Plans to Issue $1.5 Billion in Bonds Coinbase Global Inc. (Nasdaq: COIN) announced Monday “its intention to offer...
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
Traders are withdrawing 2,000 BTC from centralized exchanges daily
13.7.2021
Surging BTC outflows from centralized exchanges suggest the Bitcoin markets could be in an accumulation
GameStop's New Discord Haunted By Gamers, Stonk Bros
7.7.2021
GameStop decided to meet the gamers where they live today, opening a new Discord server where thousands are coming together under the enriching banner of a video game retailer. The community launched without a filter, as evidenced by a torrent of the n-word flooding chat on Tuesday night....
US Man Selling Bitcoin Without License Faces 5 Years in Prison
26.6.2021
A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory...
GameStop Just Made $1.1 Billion Selling Off Its Meme Stock
22.6.2021
After circling the drain just a year ago, Gamestop has managed to cash in on its recently skyrocketed meme stock for Scrooge McDuck piles of real cash, pulling in $1.1 billion dollars.Read more
QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases
3.6.2021
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal...
Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’
22.5.2021
Tesla CEO Elon Musk has confirmed that he has not sold any dogecoin and will not sell any as the price of the cryptocurrency continues to slide over the recent weeks. The “Dogefather” has been working with dogecoin devs “to improve system transaction efficiency” after Tesla...
E-Commerce Giant Ebay Now Allows NFT Sales Citing ‘Massive Wave of Attention’
11.5.2021
Ebay, which has 187 million buyers on its platform, is now allowing the sale of non-fungible tokens (NFTs), the company has announced. Ebay says: “This is only the beginning. This initial rollout will help us learn more about what’s important to our community.” Ebay Updates...
GameStop's CEO Is Getting $179 Million For Quitting
22.4.2021
In further proof that our current economic system is entirely fine and normal, GameStop CEO George Sherman—who is leaving his post in the Summer—will be getting $179 million. Just for quitting his job.Read more
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
Financial Guru Dave Ramsey Advises What to Do With Bitcoin Investments
5.4.2021
Personal finance expert Dave Ramsey has given some advice on what to do with bitcoin investments. While acknowledging that the cryptocurrency has had a “fabulous” run, Ramsey still prefers putting his money in more “proven” investments. Dave Ramsey Still Not a Fan of Bitcoin...
Fortnite Stonks Skin Not A Joke, Unfortunately
1.4.2021
April Fool’s Day is terrible. Things you wish were real are fake. And things you wish were fake are real, like this Fortnite stonks meme skin.Read more
Elon Musk Is Selling an NFT — Offers Pour in Worth Millions of Dollars
17.3.2021
Telsa’s new Technoking, Elon Musk, said that he is selling a song about NFTs as a non-fungible token (NFT). Many people have expressed their interest in buying it on social media. Artist Beeple made him an offer for $69 million and bids for his tweet on Valuables are up to $1.121 million....
GameStop Puts WallStreetBets’ Favorite Rich Guy In Charge Of Figuring Out How To Save It
9.3.2021
Just a few weeks ago, it seemed like the GameStop stock frenzy was finally done and dusted. But late last month, it began to rally again and was buoyed this week by the news that former pet food website founder and hero of the WallStreetBets investment subreddit, Ryan “Papa” Cohen, will be put...