Category: Reddit

r/Wallstreetbets rebans crypto discussions following Bloomberg article

April 16, 2021

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Apparently, r/Wallstreetbets doesn’t “bow to cryptocurrencies.” 8172 Total views 24 Total shares r/Wallstreetbets, a subreddit famous for organizing a pump for Dogecoin and the GameStop short squeeze, is enacting a crypto discussion ban after officially allowing the topic for a single day. Subreddit moderator u/bawse1 announced on Thursday that r/Wallstreetbets has now banned crypto discussions forever, following a […]

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GME drops 14% as GameStop announces plans to sell up to 3.5M shares

April 5, 2021

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After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. 9525 Total views 27 Total shares GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally. The firm announced Monday […]

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Bitcoin can be sent with a tweet as Bottlepay Twitter app goes live

March 18, 2021

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Users can send Bitcoin to and from their Twitter accounts following the launch of Bottlepay’s disruptor payments app. 3726 Total views 29 Total shares Twitter users can now send Bitcoin (BTC) with a single tweet, after digital payments app Bottlepay launched its integrated Bitcoin social media feature. Transactions between Twitter users can now apparently take […]

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Robinhood CEO calls on SEC to revise ‘outdated’ trading rules

February 18, 2021

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Robinhood CEO Vlad Tenev denied that the platform was helping hedge funds, calling on the SEC to get rid of a two-day settlement rule. 2144 Total views 22 Total shares United States lawmakers are set to grill Robinhood CEO Vlad Tenev over the GameStop trading frenzy at a Congressional hearing later today. In his prepared remarks, […]

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Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing

February 15, 2021

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The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies. Feb 15, 2021 at 12:39 p.m. UTC Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing The CEOs of Robinhood, Citadel, Melvin Capital and Reddit will testify at a U.S. House Committee […]

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Time to shine? Crypto should be given a chance after GameStop drama

February 6, 2021

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What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on […]

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Wallstreetbets vs. Wall Street: A prelude to DeFi bursting onto the scene?

February 5, 2021

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Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals coming together to right a perceived wrong — with no long-term economic consequences? As GameStop, a struggling videogame retailer, came under attack […]

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State of Crypto: How Will the Government React to GameStop?

February 2, 2021

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Also: Ripple filed its response to the SEC and a FinCEN official discusses the controversial counterparty rule in public for the first time. Feb 2, 2021 at 3:30 p.m. UTC State of Crypto: How Will the Government React to GameStop? Welcome to State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and […]

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Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster

February 2, 2021

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An IPO is reportedly off the cards for now as Robinhood continues to deal with the fallout from the GameStop saga, and the resultant plunge in public confidence. 2302 Total views 31 Total shares Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the […]

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Reddit rage as XRP price crashes 50% hours after hitting two-week highs

February 1, 2021

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The latest target of Reddit traders provides plenty of volatility — and losses — as XRP sees a burst of volatility on Monday. 11679 Total views 26 Total shares XRP, the number-four cryptocurrency by market capitalization, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD […]

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