Global Intelligence
from ZH Fast forward to today, when with WallStreetBets forums abuzz with positive sentiment about the two original meme stocks, AMC and GME… … this morning AMC stocks has soared more than 16%, rising for the sixth day in a row and last seen above $23 as it hits a market cap of $10 billion for the […]
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From coindesk Cryptocurrency project DeFi100, a decentralized finance (DeFi) protocol built on the Binance Smart Chain, appears to have been a scam, with the people running it having taken investors’ money and running. A unnamed crypto analyst on Twitter with more than 197,000 followers put the haul at $32 million. It was unclear how that figure was […]
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From ZH When Goldman officially announced two weeks ago that it was re-launching a previously rumored cryptocurrency trading team on May 6… … some joked that this was the top-tick for the crypto space: after all, the last time Goldman launched a bitcoin trading desk, the sector imploded and just a few months later Goldman killed its expansion plans, sending cryptos tumbling […]
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From ZH Summary: China reportedly launches widespread ban on crypto payments, warns of speculation Overall crypto market cap drops $1 trillion Ether down 40% at worst (rebounding strongly off $2000) Bitcoin down over $10,000 at worst (rebounding strongly off $30000) Crypto proxy stocks hammered Coinbase outages spark anger among traders Binance halts Ethereum withdrawals JPMorgan […]
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From ZH As if the pain for Coinbase longs, some of whom were stupid enough to buy the stock above $400 on the day the company went public, wasn’t enough with COIN stock today closing below its $250 IPO reference price for the first time, and down 42% from its post-IPO high on April 14… […]
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From ZH Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its […]
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From ZH Be afraid, very afraid. That appears to be the message from the Biden administration. As they cede “control” over the populace’s fear of COVID to the reality of a virus that doesn’t spread outdoors, or on surfaces, or via mask-blocking droplets and are increasingly unable to ‘scientifically’ explain the political problem that non-restrictive states […]
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From ZH Last month, we highlighted when fund manager David Einhorn pointed out a New Jersey deli that was trading with an insane market cap of over $100 million as one of the hallmarks of the bubble the market is in. Einhorn wrote: “Strange things happen to all kinds of stocks. Last year, on one day in […]
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From ZH The hacker group responsible for the ransomware attack on Colonial Pipeline that caused fuel shortages in the Southeast US appears to be shutting down after all its recent success, according to WSJ. The operator of the ransomware group Darkside, believed to originate in Eastern Europe or Russia, has been unable to access its computer systems to conduct cyber attacks. Associates […]
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From ZH In brief With Proof of Stake (POS), cryptocurrency miners can earn more crypto if they hold more coins. Proof of Stake (POS) was created as an alternative to Proof of Work (POW), which is the consensus algorithm that Bitcoin uses. Several coins that use alternative consensus algorithms to Bitcoin have increased in value. […]
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