Robinhood which is a stock trading app formerly popular with millennials is confronting legal lawsuits for its recent temporary ban on purchases of GameStop and other “meme-stocks” through its platform. Robinhood is stacking up more class-action lawsuits from New York to Texas. Is this just the tip of the iceberg? https://t.co/woVh16JET1 — Cointelegraph (@Cointelegraph) February 3, 2021 The lawsuit which is filed in Houston, Texas claims that Robinhood along with other accus

Cash App, the Bitcoin-friendly mobile payments app from Square, has halted purchasing stocks for GameStop, AMC Entertainment, Nokia, and Koss Corporation, as four of the stocks pushed by retail investors on the r/WallStreetBets subreddit in their fight against hedge funds’ shorts. It has been reported that the app later tweeted that the broker has restored trading for AMC and Nokia. Our clearing broker, Axos, has resumed the ability to buy $AMC and $NOK through Cash App today

A major Hollywood studio has planned to turn the r/WallStreetBets saga into a movie after the sudden explosion of GameStop‘s short squeeze. It has been reported that a newly proposed book by “The Social Network” author, Ben Mezrich, was subject to a bidding war between major Hollywood studios, with Metro-Goldwyn-Mayer winning out in the end. However, the project will reunite Mezrich with MGM producer Michael DeLuca, who also produced the Academy-Award winning film “The Social

Melvin Capital began 2021 with a whopping $12.5 billion in assets prior to retail investors from Reddit spawn the platform to drop billions on its GameStop short positions. Melvin Capital has reportedly restructured its portfolio to be able to exit securities easily amid the SEC saying it would "closely review actions" in connection to the price volatility of certain stocks https://t.co/ywHkKzks8a — Cointelegraph (@Cointelegraph) January 31, 2021 The Wall Street Journal repo

Paolo Ardoino, the CTO of Bitfinex, said that the sudden rise of stocks like GameStop (GME) has shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo. It has been reported that Bitcoin’s price peaked north of $38,500 on January 29 (Friday), just as US stocks concluded their worst week of trading since October. However, the divergence between BTC and stocks was partly due to a massive short squeeze of institutional i

In the past 24 hours after attention was cast on the coin by the now-infamous Reddit community. Being accountable for boosting the stock value of GameStop, Dogecoin (DOGE), a meme coin developed as a joke, is seeing a massive surge in Twitter activity. r/WallStreetBets strikes again? The Internet is going crazy for $DOGE right now, as evidenced by the latest surge in its price, trade volume and Twitter activity. https://t.co/6dEI1KoirC — Cointelegraph (@Cointelegraph) Januar

Report said that the success of the GameStop short squeeze has highlighted the need for decentralized finance (DeFi). It has been reported that the stock, which was trading at less than $20 per share earlier this month, was deemed by members of the r/WallStreetBets subreddit to be under attack by a hedge fund that had disclosed a large short position in the stock. However, as a result of the pump coordinated on Reddit and executed by individual traders using platforms like TD

Legislators have responded to the madness concerning Gamestop and AMC stocks and the derivatives trading of hedge funds. Outraged at Robinhood's closure of trading on Gamestop stock, both the Senate and the House are convening hearings to discuss short selling and the state of the stock market. https://t.co/kj8vM2hUjn — Cointelegraph (@Cointelegraph) January 28, 2021 The Chairwoman of the House Financial Services Committee, Maxine Waters, confirmed an upcoming short-selling

GameStop, a global video game retail chain, is recorded by Crypto Exchange FTX after the stock became the most common pick on Reddit’s infamous r/Wallstreetbet It is a forum devoted to trading stock market stocks. As if things couldn't get crazier for GameStop, $GME is now listed on a crypto exchange. If you've been loving the volatility of crypto and stocks, your life just got a lot sweeter. https://t.co/hoAomxWYgY — Cointelegraph (@Cointelegraph) January 27, 2021 The Wedne

StormX has announced the integration of StormShop for its iOS and Android users, allowing them to earn cryptocurrencies back when they shop online. The company made the announcement that the platform aims to improve the eCommerce experience for consumers and merchants, who offer up to 40% cashback in five different digital assets, including BTC, ETH, LTC, DAI and STORM. We are excited to announce our mobile launch of StormShop in US/Canada! Through StormPlay users can now ear