How Robinhood halting GameStop trades led to DeFi and crypto recognitionBTC $34,400 (+0.4%) • ETH $1371 (+0.3%) • DOT $16.79 (-1.5%)
Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App → Author: Atul Ajoy Robinhood’s shutdown of GameStop stock trading via its platform has led to a massive public uproar. As a beneficiary of this outcry, DeFi and crypto have gained the attention of politicians, retail investors, and entrepreneurs alike. Wall Street faces huge losses over GameStop stock rally On January 11, GameStop agreed to a deal with Chewy.com’s founder, Ryan Cohen, to add three Chewy.com veterans to its board as part of a plan to embrace eCommerce and had a subsequent 60% increase in stock price. Just 10 days later, on January 21, Citron Research and short-seller Andrew Left argued that they expected GameStop to drop in value. Around that time, a group of retail investors on the famous subreddit WallStreetBets noticed that the Grapevine, Texas-based video game retailer was short over 140% on its stock’s float. They began to buy call options on the stock and the stock began an unprecedented rally of roughly 1,500%. This led to two major problems for Wall Street. Ad 📈 Buy 80+ Different Coins at True Cost. No fees, No markups. 🔥 Trending Sectors
More news ⏬MicroStrategy CEO to release the world’s first Bitcoin ‘playbook’ for corporationsThe enterprise business firm entered the Bitcoin space last year amidst fears of inflation and a depreciating dollar. Ray Dalio clarifies his position on Bitcoin saying he “greatly admires” itBillionaire philanthropist and founder of Bridgewater Associates Ray Dalio clarified his stance on Bitcoin, saying he respects how it’s fared over time. American Senator on GameStop drama: Blockchain can fix stock manipulationThe GameStonk hit the $450 price level yesterday before corrupt firms clamped down on its trading. Here’s why Elon Musk’s simple Twitter bio change rocketed Bitcoin up 18%The price of Bitcoin surged 18% after Elon Musk, the CEO of Tesla and SpaceX, added “Bitcoin” to his Twitter bio. Stably CEO Kory Hoang explains how first-timers should buy Bitcoin (and where stablecoins are headed)2020 was the year of decentralized finance. It saw the rise of hundreds of DeFi apps, yield-farming tools, algorithmic stablecoins, and several other avenues revolving around one major theme: How to put one’s passive crypto holdings to generate even more crypto? Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article. If you liked this post from CryptoSlate, why not share it? |
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sexta-feira, 29 de janeiro de 2021
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How Robinhood halting GameStop trades led to DeFi and crypto recognition