Category: Wall Street

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 […]

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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 […]

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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 […]

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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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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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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 […]

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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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Wallstreetbets and GameStop saga set for Hollywood treatment in new film

February 1, 2021

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A major Hollywood studio has won the rights to turn the r/Wallstreetbets saga into a movie — less than a week after the GameStop short squeeze. 4828 Total views 37 Total shares The r/Wallstreetbets saga which saw a group of Redditors join forces to extract billions from Wall Street hedge funds is set to be […]

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Robinhood suspends buying for GameStop following stonks going ‘to the moon’

January 28, 2021

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The video game retailer had its own GME Army pushing the price of the stock to an all-time high before platforms stepped in. 5997 Total views 26 Total shares Reports are coming in this morning that trading app Robinhood has suspended buying for GameStop stock and others after GME’s price surged in a Bitcoin-like parabolic […]

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WallStreetBets Reddit Group: What Is It?

January 28, 2021

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WallStreetBets Reddit Group: What Is It? A decentralized Reddit forum called WallStreetBets is causing chaos on Wall Street. The group “r/Wallstreetbets” (aka WSB) is a longstanding subreddit channel where over 3.5 million Reddit users discuss highly speculative trading ideas and strategies. Described as “like 4chan found a Bloomberg Terminal,” the community has caused huge disruption […]

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