Month: January 2021

Bitcoin subreddit hits 2M subscribers following GameStop controversy

One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time of publication, making it the 178th most popular subreddit …

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US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

<div class=”featured_image_container”> </div> <strong>U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it.</strong> Pro-Bitcoin US Lawmakers A growing number of U.S. lawmakers have recently …

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Crypto Long & Short: GameStop, Dogecoin and a New Market Paradigm

It’s hard to do justice to the symbolism and significance of the Reddit-Robinhood-GameStop drama of this past week. That’s not to say it hasn’t been overblown in some quarters. I’ve heard it compared to the Capitol riots – no, that was sedition, this is rebellion, very different. I’ve seen calls for the regulators to step …

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NASA’s delayed Moon lander contracts cast doubt on Artemis timeline

NASA More signs are emerging that NASA’s Artemis program might not bring people to the Moon on time. The Verge has learned that NASA quietly pushed back the award timeframe for two lunar lander contracts from late February to April 30th, including the lunar landing system contract involving Blue Origin, SpaceX and Dynetics. The space …

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Hedge fund behind shorting GameStop reports 53% loss in January

Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions. According to a Wall Street Journal report, the hedge fund has a little more than $8 billion in assets at the end of January, which includes a $2.75 billion investment …

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Hedge fund Melvin sustains 53% loss after Reddit onslaught

Enlarge Innocenti | Getty Images Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people familiar with the firm’s results. The New York-based hedge fund sustained a $4.5 billion fall in its assets …

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Rivian R1T looks surprisingly large beside Tesla Model X in real-world sighting

By Simon Alvarez Posted on January 31, 2021 The Tesla Model X is no small vehicle. At 198.3 inches long and 66.3 inches high, the 5,000+ pound all-electric SUV is large enough to seat seven adults and their cargo without any difficulties. If a recent sighting of the Rivian R1T is any indication, however, it …

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Amazon’s Ring has teamed up with over 2,000 police and fire departments

Chip Somodevilla/Getty Images Ring’s police collaborations didn’t slow down in 2020 despite controversies — if anything, they ramped up. The Financial Times reports that the Amazon-owned smart home security brand now has 2,014 police and fire department partnerships in the US, with 1,189 of them added in 2020. Montana and Wyoming are the only two …

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AR Documentary Short Fortune! Shines A Spotlight On The World’s Greatest Con Man

Learn how the ‘God’ of counterfeiting printed over $250 million in fake currency. Sundance Film Festival’s 2021 New Frontier showcase is currently in full swing, offering attendees a plethora of genre-defying entertainment available via a custom-built social platform composed of a virtual gallery, cinema house, and lounge area. The aforementioned gallery houses 14 immersive projects …

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