The crash appears to be caused by a classic “rug pull.”
Cards that sold for £60 back in January are now worth almost £1,000.
Big Pump Signal – a Telegram group with over 70,000 members – are manipulating stock markets and regular people like me.
After Robinhood restricted trading on some of retail investors’ favorite stocks, an almost 20,000 member-strong Facebook group is up in arms.
"I think that both the legal and financial system is stacked against the average person and this case is so important because it combines them both."
"Robinhood purposefully, willfully, and knowingly removing the stock 'GME' from its trading platform in the midst of an unprecedented stock thereby deprived retail investors."
With the market in chaos, even Robinhood has now turned on retail investors pumping dark-horse stocks.
Canadian exchange Coinsquare was practicing so-called 'wash trading', according to leaked emails, Slack chats, and other files. Generally, wash trading violates securities law.
Castle Craig Hospital in Scotland is treating addiction to cryptocurrency trading as part of its gambling addiction program.
Volcano Eruption, Anonymous Bitcoin Trading, Slayer's Last Tour, and More: The VICE Morning Bulletin
Everything you need to know about the world this morning.