• robinhood profited dogecoin gamestop
    Alt coins,  Regulation

    Robinhood probably profited from traders ‘protesting with Dogecoin’

    The exchange apparently became the world’s top Dogecoin holder thanks to its users investing in the coin

    When Robinhood temporarily barred its retail customers from buying GameStop stocks, purportedly as a reaction to reddit’s r/WallStreetBets community buying it in an attempt to squeeze out the major hedge funds shorting the video game retailer’s stock, many decided that they would protest by buying Dogecoin instead. However, the plan may have backfired in a big way, according to blockchain analytics firm Elliptic’s chief scientist and co-founder, Tom Robinson.

  • bitcoin price ether high
    Bitcoin,  Ethereum,  Markets Report

    Markets Report: Ether hits $1,700 high but data hints firms piling into Bitcoin

    Sideways price action continues for Bitcoin, but all the signs of a bullish continuation are there before the weekend

    Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.

  • XRP pump draws thousands
    Regulation,  XRP

    XRP pump draws in thousands, and victims lose millions

    Some crypto enthusiasts are coming to terms with sizeable losses after XRP plummeted at a time when it was meant to surge

    In the darkest corners of Crypto Twitter, on the r/WallStreetBets Reddit page, across a myriad of Telegram chats and in Discord messaging rooms, thousands of inexperienced investors were being sold a promise: buy at this time and riches will follow.

  • Robinhood gamstop defi golden moment
    Cryptocurrencies,  Opinion

    GameStop is DeFi’s golden moment

    When Robinhood shut off its customers in what seemed to be a move to protect its hedge fund masters, the ‘little guy’ focused stock trading app opened the door to crypto’s decentralization

    “This was a shot across the bow for institutional investors everywhere,” said Peter Smith, cofounder and CEO of the decade-old cryptocurrency exchange Blockchain.com. “There’s incredible power in decentralized groups of individuals and the future of finance will be built less like Wall Street and more like the internet: by a decentralized group of individuals.”