An IPO is reportedly off the cards for now as Robinhood continues to deal with the fallout from the GameStop saga, and the resultant plunge in public confidence. Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its…
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A major Hollywood studio has won the rights to turn the r/Wallstreetbets saga into a movie — less than a week after the GameStop short squeeze. The r/Wallstreetbets saga which saw a group of Redditors join forces to extract billions from Wall Street hedge funds is set to be turned into a movie. As reported…
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The entrepreneur says that old-school investors are getting their “ass kicked” by the “Store of Value Generation.” Entrepreneur and Dallas Mavericks owner Mark Cuban has weighed in on the recent clash between Wall Street and the r/Wallstreetbets Reddit community. In a Jan. 31 blog post, Cuban suggested that the old-school investment community is currently taking…
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Altcoins soared higher as Bitcoin price reclaimed $33,000 as support just one day before a record $4 billion BTC futures expiry. Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28. Data from Cointelegraph Markets and TradingView shows that BTC has…
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The company behind USDC has added a new face that could help further institutional adoption. Centre Consortium, the company behind USD Coin (USDC), has hired former State Street and JPMorgan Chase executive David Puth as its new CEO. Centre made the announcement early Tuesday in a Medium post that praised Puth for his leadership credentials.…
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The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale’s GBTC An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim…
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It scores highly among the possible options to counteract inflation. Famed Wall Street investor and billionaire Paul Tudor Jones said that he likes Bitcoin “even more than I did then,” referring to his initial investment announced in May 2020. Jones praised Bitcoin on CNBC’s Squawk Box morning show, revealing that he holds a “small single-digit…
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We’re in the middle of the greatest wealth transfer in human history, with DeFi finally solving the problem of financial inclusion. Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code. The “De” in DeFi stands for “decentralized,”…
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Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance. I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant…
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“Welcome the world’s newest Bitcoiner,” Pomp stated on Twitter. Bitcoin bull Anthony “Pomp” Pompliano may have just persuaded Jim Cramer, the outspoken host of CNBC’s Mad Money, to invest in crypto. In a Sept. 10 tweet, Pomp claimed to have converted the man who once stated that Bitcoin (BTC) was like “Monopoly money” in a…
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