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“# Dogecoin price dumps, but whodunnit? Whales, institutions or retail traders? ” Most recently, DOGE pulled off a 10x gain as it rallied to $0.74 in the past week. The breakout was fueled mainly by Tesla CEO Elon Musk and his constant mentions of the token on social networks and interviews. Surprisingly, as Musk debuted…
“#SEC’s Gary Gensler eyes crackdown on apps that ‘gamify’ trading” Wall Street’s new top cop said he’s fixing his gaze on the rising use of social-media apps for stock trading — and a clampdown may be coming. Gary Gensler, the new chairman of the Securities and Exchange Commission, told the House Financial Services Committee on…
“# Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins ” Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volume that lifts the total market capitalization to new highs. The 2021 bull market is no exception to this rule, and…
“# Robinhood announces new COO to lead crypto trading desk ” Retail trading app Robinhood has appointed Christine Brown as the chief operating officer of its crypto division. The company announced the appointment in a statement on its website on Thursday. Brown, who is the current vice president of operations at Robinhood Markets, will now…
“# Democratizing trading: After GameStop, does more need to be done? ” Democratizing finance has been a dominant theme in recent years — with companies vying to create a level playing field and give amateur investors the same opportunities that hedge funds and institutional investors enjoy. There have been some successes along the way. Purchasing…
“# Trading apps usurp TikTok in popularity ” Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth…
“#Robinhood slammed over crypto outage during Dogecoin surge” Robinhood traders slammed the investing app after its cryptocurrency platform suffered a major outage right in the middle of Dogecoin’s record-setting rally. Robinhood said its crypto trading service started going haywire by 10 p.m. Thursday — just as the price of the meme-inspired currency started spiking. The…
“# Massachusetts regulator seeks to revoke Robinhood’s broker-dealer license ” Massachusetts’ securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state. William Galvin, the head of the state’s securities division, said in a new administrative complaint that Robinhood has “continued a pattern of aggressively inducing and enticing…
“#Dogecoin jumps again to double record rally price” Dogecoin has doubled from its Wednesday morning rally to reach prices of more than $0.30 Thursday night. The dog meme-inspired cryptocurrency — that began as a joke — is up 400 percent over the past week, according to Coindesk. The surge came a day after Wednesday’s stock…
“#Robinhood sues Massachusetts over regulatory clampdown” Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that…