Category: Gamestop

Just-In: SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

SEC chairman Gary Gensler along with several other financial experts testified before the Financial Services Committee about the recent GameStop fiasco that led to the involvement of Congress in February this year.  Gensler talked about the need for better regulations to counter social-media-fueled trading activity and ensure consider protection. The SEC chief in his testimony […]

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SEC chair Gensler calls for Congress to work on investor protections for crypto exchanges

Gary Gensler, the newly-named chairman of the Securities and Exchange Commission, is asking Congress to make some key decisions around crypto regulation.  While testifying during a May 6 hearing of the House Financial Services Committee on market volatility surrounding GameStop and other meme-ified securities, Gensler fielded a question from Ranking Member Patrick McHenry about concrete […]

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Robinhood CEO holds up crypto exchanges as model for faster stock settlement

During a webinar on Tuesday, the CEOs of  Robinhood and Paxos juggled ideas for speeding up stock settlement times. Robinhood’s Vlad Tenev has been in the public spotlight since wild volatility in meme-driven stocks like GameStop and AMC pushed the popular stock trading app into the public eye earlier this year. At the time, he […]

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Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’

Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims […]

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Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of […]

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Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work. Jim Cramer Has Idea to Use Bitcoin to […]

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Breaking: Robinhood Faces 46 Lawsuits Over GameStop Stock Blockage

Robinhood, a brokerage firm that offers trading services for traditional stocks as well as the crypto asset is currently facing nearly 46 lawsuits for blocking trades of Gamestop (GME) stocks at their price peak.  The firm in a regulatory filing on Friday revealed that it is facing at least “46 putative class actions and three […]

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Robinhood adds six million new users to its crypto platform in first two months of 2021

Robinhood has added six million new customers to its crypto platform since the beginning of 2021, the mobile financial services company announced on Thursday. According to the announcement, Robinhood Crypto, which launched nearly three years ago, drew more than 2.9 million new traders in both January and February. The highest number of traders in any […]

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Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’

Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’

Elon Musk has tweeted that dogecoin is people’s crypto shortly after the billionaire pledged to go off the social media platform for while. Incidentally, the token, which traded at $0.0411 on February 3, surged to $0.0588 just as Musk was tweeting. However, at the time of writing, the token appeared to have retreated to $0.0541, […]

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