Breaking Wall Street
Billion-dollar hedge funds have been crippled by small-time investors, banding together for one of the largest short squeezes in history.
The disruption in ‘business as usual’ activities reached levels on Wall Street, to prompt NASDAQ President Adena Friedman to state that they would ‘halt’ stocks that displayed unusual activity linked with internet chatter.
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Price Update
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In the news
Former chief of the IMF and Harvard professor Kenneth Rogoff says that there’s no way world governments will allow for Bitcoin on a large scale.
Dismissing Bitcoin as a bubble, and a ‘hedge against dystopia’, the economist stated that the Bitcoin project would be stifled by government regulation.
Jim Cramer to $731M Powerball jackpot winner: "put 5% in Bitcoin"
After a historic Powerball jackpot was drawn this week, the Mad Money host offered some sage advice for the winner: put 5% of the jackpot in Bitcoin alongside several other investments, such as gold and real estate.
Rather than worrying about taxes, he told the winner that inflation was the biggest danger to their new fortune - highlighting Bitcoin as an important hedge against it.
According to a report by the financial columnist Ian Allison, universities including the University of Michigan, Brown, Yale, and Harvard have been discreetly purchasing cryptocurrencies.
Regarding the endowment purchases, it’s likely though they will have to discuss holdings publicly in 2021.
Justin Roiland, the co-creator of the Adult Swim cartoon series has joined the growing trend of celebrity artists creating non-fungible token (NFT) artwork.
The NFT auction house announced on Twitter that “All proceeds going to help the Los Angeles homeless encampments,” with a record breaking $275k in Ether in one of the auction’s five-minute open editions.
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