SEC takes action against two meme stock wash traders
The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates. Go to Source Powered by WPeMatico
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Robinhood stock outruns Bitcoin in intraday crash, down over 10% in pre-market
The decline followed Robinhood Market’s announcement that it would sell up to 98 million Class A shares over time. Go to Source Powered by WPeMatico
Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It
Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of … Read more
