Both the Senate and the House are looking into Wall Street’s market practices, especially short selling. Legislators are responding fast to the madness surrounding Gamestop and AMC shares and the hedge funds selling them short. On Jan. 28, Chairwoman of…
Blog
Crypto industry jumps into lobbying in response to FinCEN
The Blockchain Association’s ranks swell as firms look to aid its work in keeping crypto transactions peer-to-peer. The crypto lobby is growing as more firms join the effort to fight rules that attack financial privacy. The Blockchain Association today announced…
Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in Crypto Related Lawsuits in China
A report from China says as many as 872 lawsuits relating to cryptocurrencies were filed in the past year, a figure which is approximately 20% more than that of 2019. Using data obtained from the China Judgment Document Network (CJDN),…
Coinbase Announces Intention To Go Public With Direct Listing
Cryptocurrency exchange Coinbase announced its plan to become a publicly-traded company via a proposed direct listing of its Class A common stock, according to a post on its corporate blog. As one of the largest and longest-standing cryptocurrency exchanges, a…
After GameStop Short Squeeze, r/Wallstreetbets Is Ready For Bitcoin
Ever since the Federal Reserve was created in 1913, the game has been rigged against the average person. For years, Wall Street has been manipulating the market to keep ordinary people from “making too much money” while the 1 percent…
Coinbase unveils plans for direct stock listing
The San Francisco-based digital currency exchange plans to go public later this year. Coinbase, one of the world’s largest digital currency exchanges, has been rumored for some time to be considering a direct listing. In an official blog post, the…
Blockchain tech may have arrived too soon, but now, it’s ready
While the conceptual and technical beauty of blockchain was apparent to a small minority, this was never communicated to the market at large. It is a useful exercise for those of us working in tech to cast our minds back…
DeFi in the spotlight as legacy brokerages break down
As retail trust in the stock market comes under strain, DeFi developers champion an alternative system. As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you…
1INCH price rallies 30% as its monthly DEX volume nears $6 billion
The total value locked in 1inch is closing in on $1 billion, and the decentralized exchange aggregator has processed nearly $6 billion this month. This week the total value locked in decentralized finance platforms reached a new high at $26.2…
Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades
“Robinhood’s entire business model is to cater to the exact people they are now trying to f— with and scare into selling,” said Dave Portnoy. Mere hours after once-popular trading app Robinhood announced it would be suspending purchases of stocks…