Tag Archives: Wall Street

GameStop has undoubtedly become the most widely discussed company in 2021 following the Wall Street Bets fiasco that catapulted its price to all-time highs far beyond the wildest imaginations.The action on the stock had since cooled down a bit as WSB lost some steam, but in the past few days, it’s on again as the price surged over 110%.GME Stock Price Soars 110%The price for GameStop shares has skyrocketed once again, weeks after the tumultuous fiasco with Wall Street Bets.Upon yesterday’s...

The giant US multinational investment bank JPMorgan Chase & Co could be among the next entities to get involved with bitcoin. The bank’s co-president Daniel Pinto recently said that while the demand for the first-ever cryptocurrency isn’t fully there yet, it will be at some point, and the institution has to be prepared.JPM To Be Next On The BTC Bandwagon?Last year was indeed pivotal for the primary cryptocurrency as the COVID-19 pandemic highlighted its benefits to the traditional...

Guggenheim Partners’ CIO Scott Minerd sees the cryptocurrency industry as a growing and valuable part of the global economy. He doubled-down on his long-term bullish BTC prediction but said that investors need to be wary of the speculative price increase from October 2020 to early January 2021.Minerd On BTC’s Price DevelopmentsThe executive at the Wall Street behemoth has been openly discussing BTC’s price movements and making projections ever since Guggenheim filed documents with the SEC to...

The billionaire investor, Shark Tank personality, and Dallas Mavericks NBA team owner, Mark Cuban; took a few hours to share his knowledge in an AMA with members of the r/WallStreetBets subreddit. He touched on several topics, mostly relating to the collapse of the stock pumping movement and the blockchain industry’s potential.Mark Cuban may have several decades of Wall Street experience, but judging him for what he said on the AMA, he is currently standing on the side of the retail traders....

The first consequence following the GameStop fiasco could be right behind the corner for one of the key players involved – Robinhood. The company has reportedly paused its IPO plans, while Robinhood’s Co-Founder, Vlad Tenev, will likely appear in front of the US Congress to testify on his firm’s controversial actions.Robinhood’s Tenev To Testify In Front Of Congress?The US-based financial services company Robinhood made the news in a rather unpleasant for the company’s way, following last...

The Wall Street Bets saga is undoubtedly the most interesting thing that happened to the global financial markets in the past few months. A group of Redditors managed to cause mayhem on Wall Street, but is the game over?Wall Street Bets – a Short Story?January was an exciting month. A group called Wall Street Bets propelled a movement that evolved into a protest against Wall Street in the face of large hedge funds. Millions of people weighed in to exploit the fact that some funds had been...

The Winklevoss twins will partner with MGM Studios for a movie featuring the latest GameStop craze, where a subreddit group rebelled against Wall Street hedge funds. Best-selling author and Academy-award winner Ben Mezrich will also work on the project. The GameStop Frenzy Turns Into a MovieThe Winklevoss twins are up to a collaboration with Hollywood movie studio Metro-Goldwyn-Mayer (MGM). The script will represent the recent story of the subreddit group WallStreetBets (WSB), rebelling...

In the recent week, arguably the most talked-about Reddit group, WallStreetBets (WSB), has taken it up to large Wall Street hedge funds. Their latest initiative resulted in pushing silver to an 8-year high.As the price of the precious metal surges, popular TV host and Bitcoin proponent Max Keiser connected their rebellion with Bitcoin as both aim to find an exploit in a corrupt financial system.WSB Short Squeeze On SilverA Reddit group with millions of quickly rising subscribers made the news...

The veteran U.S. cryptocurrency exchange, Bittrex Global, has recently announced that it will now start offering the tokenized stocks that have been delisted from several trading platforms like Robinhood following the GameStop saga. According to a Friday report, the exchange has decided to list tokenized stocks for Gamestop (GME), AMC Entertainment (AMC), Nokia, BlackBerry, and iShares Silver Trust with plans to list more additional stocks whenever they are delisted from other platforms. “We...

To say that the last few days have been exciting would be a massive understatement in regard to the global financial markets.A group of retail investors, united behind the same cause of rebelling against “smart money” on Wall Street, brought out plenty of things that are wrong with the status quo. Wall Street Bets, as their subreddit was originally called, has also caught the attention of the cryptocurrency community, with the leading monitoring resource, CoinMarketCap, dedicating an...