Reddit Partners with Ethereum Foundation

Reddit is looking for ways to use blockchain to expand its services, and ensure that people are able to freely express themselves. The company has shown interest in blockchain in the past when it planned on introducing its own cryptocurrency to reward its users for engaging with the platform in March of 2020 and later […]

US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation

U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it. Pro-Bitcoin US Lawmakers A growing number of U.S. lawmakers have recently spoken in support […]

Hedge fund behind shorting GameStop reports 53% loss in January

A Melvin Capital client claims that the firm has “massively de-risked” its investment portfolio following the controversy involving short-selling GameStop stocks. Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions. According to a Wall Street Journal report, the hedge […]

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