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“#Why Reddit thinks Robinhood is the $2 billion dogecoin whale” Reddit may have unmasked the top doge. Cryptocurrency enthusiasts on the site think Robinhood — the investing app at the center of last month’s GameStop stock frenzy — is the owner of a digital wallet stuffed with nearly $2 billion in dogecoin. The account —…
“# Robinhood CEO calls on SEC to revise ‘outdated’ trading rules ” United States lawmakers are set to grill Robinhood CEO Vlad Tenev over the GameStop trading frenzy at a Congressional hearing later today. In his prepared remarks, Robinhood CEO appeared to place responsibility for the platform’s stock trading suspensions on the U.S. Securities and Exchange Commission….
“# Robinhood announces plans to offer crypto deposits and withdrawals ” The controversy laden trading platform Robinhood announced today it intends to implement cryptocurrency deposits and withdrawals. While customers have been able to buy and sell cryptocurrency via the platform for some time, they are unable to access the coins themselves to transfer them to…
“#‘Roaring Kitty’ Keith Gill defends his GameStop posts amid lawsuit” A star Reddit trader known as “Roaring Kitty” plans to defend his bullish GameStop calls in front Congress one day after being slapped with a lawsuit for his role in the trading frenzy. The trader, whose real name is Keith Gill, is set to testify…
“#Goldman Sachs launches robo-adviser for Marcus customers” Goldman Sachs has jumped into the red-hot retail investor market — but don’t expect it to recommend stock tips that you’ve found on Reddit. The megabank unveiled a new robo-adviser tool on Tuesday, giving customers of its Marcus savings account access to its wealth management services, which had…
“#Robinhood’s Vlad Tenev admits GameStop communication failure” Robinhood CEO Vlad Tenev said the investing app could have more clearly explained why it had to block trades of GameStop and other stocks during last month’s Reddit-fueled market frenzy. “I think the challenge was that no doubt we could have communicated this a little bit better to…
“# Spike in DeFi lending pushes Compound (COMP) price to a new high at $570 ” As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments. Compound…
“#Irate Robinhood traders fling poop, damage statue at HQ: report” Some Robinhood customers think the investing app is full of crap — and they’re not afraid to show it. Irate users threw dog poop, vandalized a sculpture and held a protest at Robinhood’s Silicon Valley headquarters as the startup limited GameStop trades amid the recent…
“# Federal attorneys are investigating meme-led trading in GME, AMC and silver: WSJ ” The Department of Justice is reportedly the latest to turn up the heat on last month’s crazed markets. Citing unnamed sources, the Wall Street Journal reported on Thursday that the DoJ’s fraud division and the San Francisco district attorney’s office had launched probes…
“# Robinhood, Melvin, and Citadel execs expected to testify on GameStop before Congress ” Executives from companies involved in the recent controversy between hedge funds and retail investors from Reddit may be testifying at a House Financial Services Committee hearing next week. According to a Reuters report, two people familiar with the matter said executives…