Tagged: wallstreetbets

WallStreetBets to Launch Token $WSB on BSCstarter [U]

WallStreetBets, a subreddit for investing, gained notoriety during the GameStop (NYSE:GME) share frenzy. Following all of the hoopla, one of the founders of the forum, as well as a moderator, launched “WSB DApp,” according to a release. Today, WallStreetBets says it has selected BSCstarter to… Read More

Digital Asset Exchange Decoin Is Supporting Trading GameStop (GME) Stock Using Cryptocurrencies

Digital asset exchange Decoin announced recently that they will support trading GameStop (NYSE:GME) stock using cryptocurrencies. The Decoin team had noted that if you’re still unaware about what’s happening with r/wallstreetbets, then it’s “safe to say that you’ve been living under a rock.” As mentioned… Read More

What Did We Learn from the House Financial Services Committee Hearing on GameStop/Reddit/Robinhood?

This past week, the House Committee on Financial Services held part two of three anticipated hearings on the GameStop/Reddit/Robinhood saga. As most people are aware, in recent months a short-squeeze caused shares in GameStop (NYSE:GME) to jump dramatically higher compelling short sellers to purchase shares… Read More

Robinhood being Investigated by US Regulators over Trading Restrictions, Options Trading Policies

Robinhood Markets Inc, the leading zero-fee stock trading app provider, stated on Friday (February 26, 2021) that US regulatory authorities were investigating the firm’s temporary trading restrictions on these so-called “meme stocks” earlier in 2021. These activities have come under increased scrutiny as the shares… Read More

Tim Frost: CEO at YIELD App Reveals how Algorithmic Stablecoins Provide Censorship-Resistant Financial Services, Comments on other Fintech Developments

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

EstateGuru Financed €14M in Loans in Jan 2021, Borrowers Repaid 61 Loans worth €11.3M, Defaults Up 6%

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that the first month of this year was a “successful” one for the platform’s borrowers and investors. EstateGuru revealed that they’ve financed a total of €14 million worth of loans. The P2P lender also confirmed that… Read More

More than 30 Lawsuits Now Filed Against Stock Trading App Provider Robinhood Markets Inc., Suits Allege Company Is Manipulating Markets

Digital investment platform Robinhood is reportedly facing around 30 different lawsuits from traders for shutting down or not supporting GameStop trading. Several groups of Robinhood‘s clients have filed lawsuits against the stock trading service provider. Lawsuits have alleged the firm violated certain laws by imposing… Read More

SEC Is Reviewing Social Media Posts, Agency Is Looking for Potential Fraud due to Activities tied to WallStreetBets, GameStop

The US Securities and Exchange Commission (SEC) has been carefully reviewing social media posts, as the federal regulator is looking out for any signs of potential fraud, which may have increased due to the frenzied trading of GameStop and other firms’ shares. The SEC‘s probe… Read More

Robinhood Restricts Trading in GME, AMC and More as Traders Drive Volatility, Hedgies Lose Out

Robinhood, a top investment platform for the next generation, has restricted trading certain shares of firms that have been targeted by trading forums on Reddit. Members of certain forums like Wallstreetbets, with 4.5 million members, have targeted listed firms that are highly shorted by hedge… Read More

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