WallStreetBets, the mass social media group on Reddit that made hedge funds lose as astonishing $90 billion dollars in the month of January alone, might be looking for new targets now that February is upon is, typically a bad month for stocks. They could be interested to know that hedge funds have taken short positions […]
The year both ended and started badly for XRP, the popular cryptocoin of Ripple Labs. CEO Brad Garlinghouse was sued by the SEC and with incoming treasury secretary Janet Yellen squarely on the side of classic finance and against crypto, things were not looking up. XRP fell from a value of around $0,60 to $0,25 […]
CNBC, CNN, the New York Times and even the Washington Post are all finally learning Chanspeak (for the lolz) after WallStreetBets took over mass media this week with the GameStop debacle. In fact, the article that the New York Times published about WallStreetBets member Roaring Kitty was in that respect a must read. The Chans and Redditors have even managed to […]
It takes 20 years to build up a reputation, and about 5 minutes to destroy it. The wise words once spoken by Omaha Oracle and legendary Warren Buffett were true for the case of the (before) incredibly popular trading app Robinhood. The technological marvel that promised to deliver trading to the masses saw an outflow […]
Billionaire Mark Cuban is known within the cryptosphere for his outspoken position against Bitcoin and cryptocurrencies. However, it seems that lately the Dallas Mavericks owner is starting to turn as his crypto wallet was recently uncovered.Mark Cuban is known for his stance that is always marked – but very fluctuating – vis-à-vis cryptocurrencies. In 2017 […]
The crypto volatility has turned to stock markets after flashmobs started taking on hedge funds this week. The WallStreetBets saga of GameStop has by now been covered by all mass media so it’s time to take a look at the reactions in the cryptosphere. None of the major players has been more outspoken than Cardano […]
There you have it folks, Decentralized Finance could very well have found global acceptance after an outpouring of disgust over the actions of several Wall Street hedge funds, the trading app Robinhood and (allegedly) the US government. Thanks to a cryptic tweet from Elon Musk, a great deal of the funds that were supposed to […]
As Bitcoin started to hover around $30,000 yesterday (it is up another 5% since), traders wondered what would be the next stop: back to it’s record $40,000 and using the $30k as support, or seeking to retest around $20,000 (which is what we’ve noted a few weeks ago already). As the Bitcoin price dropped further […]
The Reddit Flashmob WallStreetBets which scares both Wall Street and global stock markets, has all of a sudden turned its attention to crypto after various Twitter accounts claiming to be linked to the group started asking whether Dogecoin has ever been to $1?At the time of writing, the spike in Dogecoin’s chart was quite clear […]
The Reddit group Wallstreetbets managed to steal the limelight from Bitcoin for at least a few days with their incredible Gamestop action. If you haven’t read the story, we reported on it yesterday and it is a must read for anyone wanting to know what a younger generation of investors can do against Wall Street […]
