Hedge Funds

Wall Street Bets and Gamestop Saga to Be Made Into a Movie

<div class=”featured_image_container”> </div> <strong>The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie.</strong> According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights …

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Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy

<div class=”featured_image_container”> </div> <strong>This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets supporters believe hedge funds like …

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The Small Guys Rebel Against their Big Brother Hedge Funds

In this episode, Anna Baydakova, Tanzeel Akhtar and Danny Nelson discuss what the GameStop stock market chaos can teach crypto, why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto, and the privacy concerns around China’s digital yuan. The big story for the week involves the Reddit-based trading community …

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Engadget Podcast: How Reddit day traders blew up GameStop’s stock

If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra chat with Mike Futter, author of the GameDev Business Handbook and co-host of the Virtual Economy Podcast, to make sense of this surprising story. Are …

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Nasdaq Listed Greenpro Capital to Set up Bitcoin Fund Using a $100 Million Loan

<div class=”featured_image_container”> </div> <strong>The Nasdaq listed Greenpro Capital Corporation has revealed plans to set up a bitcoin fund using $100 million in borrowed funds. In addition to the borrowed funds, Greenpro, through its subsidiary Cryptosx, says it plans to use its own cash resources to acquire the digital asset. </strong> The financial services firm which …

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American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform

<div class=”featured_image_container”> </div> <strong>American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. </strong> Amex …

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Crypto Long & Short: What We’re Getting Wrong About Druckenmiller and Bitcoin

The chorus is getting louder. Adding his sonorous voice to the chorus of renowned investors talking about bitcoin recently, hedge fund manager Stanley Druckenmiller stated on a CNBC interview this week that he believed bitcoin could perform better than gold. Here’s part of the quote: “I own many, many more times gold than I own …

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Bridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’

Ray Dalio, the founder and co-Chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.” In an interview with Yahoo Finance, Dalio said he expects more digitized versions …

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Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It

Mutual fund legend Bill Miller told CNBC Friday that the risks of bitcoin going to zero are “lower than they’ve ever been before” and predicted more institutional investment in the cryptocurrency. “The bitcoin story is very easy, it’s supply and demand,” Miller said. “Bitcoin’s supply is growing around 2.5% a year and the demand is …

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Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/11/wb_728x180.jpg” alt width=”728″ height=”180″></a></div><strong>Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter.</strong> Issued to corporate borrowers such as hedge funds and trading …

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