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“#GameStop trading craze lifts shares of mining firm with same ticker” A tiny West Australian mining company has been caught up in the GameStop investing craze — thanks to a ticker symbol that matches that of the video game retailer. GME Resources, which trades on the Australian equities trading platform (ASX) under ticker symbol GME,…
“#American Airlines shares soar after mention in Reddit forum” Shares of American Airlines soared early Thursday after a mention on Reddit’s WallStreetBets forum, where rookie investors have been pumping up stocks of struggling companies at the expense of big Wall Street firms. “AAL the next GME?” Reddit user u/cardiffgiantthe1st wrote in the chat forum late…
“# Reddit partners with Ethereum Foundation to boost scaling and resources ” Popular social media network Reddit, which counts over 1.7 billion monthly visits, is deepening its ties with the Ethereum Foundation in what it has formalized as its first-ever blockchain partnership. According to an announcement from Reddit admin u/jarins, the aim of the partnership…
“# GameStop short squeeze highlights the power of decentralization ” The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less…
“#GameStop up another 134% as officials raise possibility of foul play” The “Reddit rally” continued full steam ahead on Wednesday as officials began to question whether they are dealing with a populist market insurrection or something more sinister. Shares GameStop and AMC Entertainment posted one-day gains of 134 percent and 301 percent respectively — just…
“#Why GameStop is surging and what it means for the stock market” GameStop is among a handful of previously unloved companies whose shares are spiking in recent weeks. They’re being fueled by an unruly crowd of individual investors on chat forums like Reddit. Here’s what you need to know. Why is GameStop up? GameStop was…
“# Early Ether investor sells all his ETH, plans to buy parents a house ” A Redditor named “u/FollowMe22”, 27, says he has finally sold off the last of his Ether (ETH) stash acquired back in 2016. According to the Reddit post, he began buying ETH back in 2016 when the price was slightly above…
“# Finally, a good reason to sell Bitcoin: Hodler liquidates to pay off parents’ mortgage ” Reddit’s r/Bitcoin community continues to pull on our heartstrings. On Thursday, a user by the name of “u/Bigtony96” claimed to have sold their entire Bitcoin (BTC) stash to pay off their parents’ mortgage. The Redditor supposedly unloaded a total…
“# Who said you can’t spend crypto? Redditor sells free Moon tokens to pay rent ” A Reddit user by the name of “satoshinakamoto7” claims to have used their free MOON tokens to pay this month’s rent, offering another sign that cryptocurrencies are beginning to add real value to people’s lives. In a post that…
“# Redditor memes his way to $25K in Bitcoin profits ” A Reddit user by the name of Cryptorich13 has capitalized on the social media platform’s crypto reward system by converting his stash of free coins into Bitcoin (BTC). In a Sunday post, Cryptorich13 explained how he converted his 80,000 MOON reward for Bitcoin earlier this…