Blockchain Bites: DOGE, Musk, Robinhood, GameStop and Crypto’s ‘Populist’ Rev...
A renewed the pitch to create open access and decentralized standards is much bigger than what's happening to a few stocks.
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Spacex and Tesla CEO Elon Musk has been trying to get to the bottom of what happened with the popular trading app Robinhood when it stopped people from buying shares of hot stocks, like Gamestop. The shares of these stocks became popular due to the Wallstreetbets movement. Elon Musk Says People Want the Truth From Robinhood During an interview on The Good Time Show via the Clubhouse app Sunday night, Elon Musk grilled the CEO of trading app Robinhood, Vlad Tenev, over the company’s decision to restrict hot stocks last week, including Gamestop. On Friday, Robinhood also restricted....
Following a tweet from “WSB Chairman" inquiring about the meme cryptocurrency dogecoin prices went haywire.
Traditional finance is a relic, and the GameStop saga is nothing but a prelude for what's to come: the real decentralization of money. Earlier this week, Elon Musk made history when he placed his full support behind Bitcoin (BTC) during a Clubhouse stream. When discussing Bitcoin and the GameStop debacle with Robinhood CEO Vlad Tenev, Musk said: “I am late to the party, but I am a supporter of Bitcoin.” This came a few days after Musk changed his Twitter profile, adding “Bitcoin” to his bio.Interestingly enough, Musk's public endorsement of Bitcoin comes at a time when legacy financial....
As the price of DOGE surged eight-fold within a day, the volume of Dogecoin surpassed Bitcoin's on Binance. Dogecoin (DOGE) briefly surpassed Bitcoin (BTC) in daily volume on Binance at over $5 billion on Jan. 29. This is a first for Dogecoin, and it happened as the price of DOGE surged around eight-fold overnight from $0.012 to over $0.08.DOGE/USDT 15-minute price chart (Binance). Source: TradingView.comWhat was behind the craze around DOGE?The meteoric rally of DOGE was fueled by posts and tweets from WallStreetBets traders on Twitter and Reddit. In fact, the tweet volume also soared to....
Robinhood didn't halt GameStop trading to punish retail players; it reacted to market risk. And, no, blockchain wouldn't have fixed this.