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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...
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...
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
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
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...
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
GameStop Stock Has A Terrible Day, Still Closes At The Unthinkable Price Of $200
29.1.2021
A trading lockout on GameStop stock by a number of investing apps led to the saga’s weirdest day yet: class action lawsuits, calls for hearings on Capitol Hill, and the suggestion that Treasury Secretary Janet Yellen might need to recuse herself from overseeing Wall Street’s latest shitshow because...
GameStop Stock Drama Continues As Price Soars And Hedge Fund Blinks
27.1.2021
GameStop’s stock price continued to soar in after-hours trading last night to over $300. While many are waiting for it to come crashing back down, it might be too late for some major hedge funds. With the stock still sitting at well over $250 a share (unthinkable just last year when it was trading...
GameStop’s Stock Price Soars To New Records Because Capitalism Is A Shell Game
22.1.2021
Struggling retailer GameStop’s stock curiously hit an all time high today. But it’s not because Sony, Microsoft, and Nintendo suddenly decided to stop selling their games digitally. And it’s not because a new set of Funko Pops has taken the internet’s imagination by storm.Read more
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop
13.1.2021
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.”...
New Zealand’s Financial Watchdog Warns on Crypto Investment Risks
12.1.2021
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns
BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K
15.11.2020
Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time. This week bitcoin derivatives markets, specifically futures and options, show that crypto asset traders should expect more swings going forward. Some traders believe that...
Crypto Firms Can Now Apply for a License in France
26.12.2019
The license is optional for crypto firms operating in France, but firms can use the license in marketing themselves to institutional clients