Wall Street | Crypto Profit Bot

GME and AMC stock surge may impact crypto meme coins, BTC not so much?

June 12, 2021

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This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous growth this […]

Crypto stocks solve volatility issue, Goldman Sachs analysts say

May 24, 2021

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Coinbase stock is the best way for investors to gain exposure to the crypto industry and avoid volatility, according to Goldman Sachs analysts. 13288 Total views 27 Total shares Wall Street megabank Goldman Sachs has initiated coverage of United States cryptocurrency exchange Coinbase with a buy rating following a major crash on crypto markets. In […]

GameStop saga paves the way for a new decentralized financial order

May 9, 2021

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Every significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We can also see that these are individual vectors of the same movement, […]

Citigroup considers crypto amid surge in customer demand on Wall Street

May 7, 2021

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Trading, financing and custody services are being pursued by the investment bank. 4959 Total views 31 Total shares Citigroup is reportedly considering offering crypto-related services to its customers in response to rising demand, specifically from asset managers and hedge funds. The financial services firm’s global head of foreign exchange, Itay Tuchman, told the Financial Times […]

Investment app Betterment still not ready to offer crypto services, says CEO

May 5, 2021

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After posting record-breaking growth in Q1 2021, digital wealth platform Betterment is still studying whether it needs to add crypto to its services. 6011 Total views 28 Total shares Betterment, a major financial advisory company providing robo-advising and cash management services, has not yet decided whether it will introduce cryptocurrencies to its platform. Betterment is […]

MicroStrategy dismisses market uncertainty, buys another Bitcoin dip

March 5, 2021

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The software company added another $10 million in BTC to its war chest. 5074 Total views 29 Total shares MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty. As announced by CEO Michael Saylor, the company purchased another 205 BTC at an […]

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 […]

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 […]

Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

February 1, 2021

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Cuban believes WSB traders are applying the principles of the crypto world to the stock market. (Steve Jennings/Getty Images/TechCrunch) Feb 1, 2021 at 1:52 p.m. UTCUpdated Feb 1, 2021 at 2:24 p.m. UTC Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street Mark Cuban, the billionaire owner of the National Basketball Association’s Dallas […]

Mark Cuban thinks Wall Street stands no chance against digital natives

February 1, 2021

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The entrepreneur says that old-school investors are getting their “ass kicked” by the “Store of Value Generation.” 6197 Total views 35 Total shares Entrepreneur and Dallas Mavericks owner Mark Cuban has weighed in on the recent clash between Wall Street and the r/Wallstreetbets Reddit community. In a Jan. 31 blog post, Cuban suggested that the […]

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Category: Wall Street