Gamestop

GameStop FOMO inspires a new wave of crypto pump-and-dumps

Enlarge peng song / Getty After the California Gold Rush, in 1870, two Kentucky swindlers whipped up a scheme to prey on thirsty financiers’ FOMO. They invented a diamond field out West. Investors sunk millions in today’s money into the scheme. All of it, of course, was for naught—a cautionary tale about believing anyone who …

GameStop FOMO inspires a new wave of crypto pump-and-dumps Read More »

‘Castle’ production company’s new TV crypto comedy to drop an ep as an NFT

A scripted TV series that’s about crypto — and funded by it — is in development at Beacon Pictures, the independent production company behind “Bring It On”, and popular ABC drama “Castle.” According to Deadline Hollywood, the 10 part TV crypto-comedy series “Hold on for Dear Life” —  a reference of sort to the slang …

‘Castle’ production company’s new TV crypto comedy to drop an ep as an NFT Read More »

Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

<div class=”featured_image_container”> </div> <strong>Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work.</strong> Jim Cramer Has Idea to …

Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin Read More »

US Lawmakers Looking Into China’s Role in GameStop Pump: Report

U.S. lawmakers are set to question a trader named Keith Gill and the chief executives of Reddit and Robinhood about their roles in the GameStop frenzy at a congressional hearing later this week. But some have another concern: whether China is involved.  Several Republican lawmakers on the House Financial Services Committee plan to examine Reddit’s …

US Lawmakers Looking Into China’s Role in GameStop Pump: Report Read More »

Why We Should Take Dogecoin Seriously

Nothing says 2021 like dogecoin, a dog-themed cryptocurrency that has recently skyrocketed in value, thanks in part to the support of Elon Musk and other celebrities. For a time it was the 10th largest cryptocurrency. Dogecoin finished 2020 at less than half a penny per DOGE, according to CoinDesk’s dogecoin price index. It now trades …

Why We Should Take Dogecoin Seriously Read More »

Why didn’t GameStop sell some of its inflated stock during the bubble?

Enlarge / Hi, yeah, how much can I get by trading in this slighty used share of GameStop stock? Getty Images At the beginning of the year, the stock market as a whole valued video game retailer GameStop at roughly $1.15 billion. By the close of trading on January 27, at the height of the …

Why didn’t GameStop sell some of its inflated stock during the bubble? Read More »

‘Market Battleship’: Why It’s Rigged and How DeFi Can Help

You’ve probably heard there’s a war on Wall Street right now between hedge funds and retail investors over GameStop ($GME) stock and a few others such as AMC Theaters ($AMC) and Nokia ($NOK). This new category of stocks, whose value climbed as a result of the power of social media, are being called “meme stocks.” …

‘Market Battleship’: Why It’s Rigged and How DeFi Can Help Read More »

Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales

South Korean retail investors pointed to the U.S. GameStop saga to pressure local regulators to extend the country’s ban on short-selling stocks. They succeeded, at least for now.  Then, GameStop happened.  In January, retail investors in the U.S. banded together on Reddit to bet in favor of stocks (like that of American video game store …

Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales Read More »

Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’

<div class=”featured_image_container”> </div> <strong>Elon Musk has tweeted that dogecoin is people’s crypto shortly after the billionaire pledged to go off the social media platform for while. Incidentally, the token, which traded at $0.0411 on February 3, surged to $0.0588 just as Musk was tweeting.</strong> However, at the time of writing, the token appeared to have …

Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’ Read More »