Stock Market logoStock Market Station

All the stock market news, every minute updated!

19 September 2021
12:42 hour

Elizabeth Warren calls out Crypto Exchanges for shutting off at the same...

Reddit Stock Market

15/09/2021 - 05:37

  submitted by   /u/StablecoinsFraud [link]   [comments]


READ THE FULL ARTICLE ON REDDIT STOCK MARKET

Related headlines:

  1. Cryptos: Elizabeth Warren warns crypto ‘scams continue to surge’ on exchanges, calls for SEC regulation (08/07/2021 - Market Watch)
    Washington lawmakers and regulators continue to beat the drum for greater regulation of cryptocurrencies, with the latest call coming from Sen. Elizabeth Warren of Massachusetts, the powerful democrat on the U.S. Senate Banking Committee.
    [visit article]
  2. Sen. Elizabeth Warren: Crypto markets might need bailout someday without proper regulation (04/08/2021 - Seeking Alpha)

    [visit article]
  3. Key Words: Elizabeth Warren slams Fed’s top bank cop, saying system will be ‘safer’ when he’s gone (25/05/2021 - Market Watch)
    Sen. Elizabeth Warren, Democrat of Massachusetts, says she's looking forward to the likely departure of the Federal Reserve's Vice Chairman for Supervision Randal Quarles, saying the financial system will be safer when he's gone.
    [visit article]
  4. Crypto: Crypto traders blame bitcoin’s Tuesday tumble partly on glitches at exchanges and a $44 million sale order (07/09/2021 - Market Watch)
    A wild day on crypto exchanges is being blamed on a raft of glitches and reports of a big sale that at least one analyst credits for contributing to the downward pressure on digital-asset prices.
    [visit article]
  5. What are the Best Exchanges for Crypto Margin Trading? (08/02/2021 - Wallstreet Survivor)
    Bitcoin (BTC) and other digital currencies can actually be leveraged multiple times on certain trading platforms. Let’s explore the best exchanges for crypto margin trading online. Leveraged trading is commonly employed in the stock market. Simply put, a leveraged position allows a trader to deposit a small amount of capital to trade a much larger Read More... The post What are the Best Exchanges for Crypto Margin Trading? appeared first on Wall Street Survivor.
    [visit article]
  6. : DeVos appointee who oversaw America’s student-loan portfolio resigns — Education Secretary pledges to ease student-debt burden (05/03/2021 - Market Watch)
    Mark Brown's resignation came after calls for new leadership from Senator Elizabeth Warren and borrower advocates.
    [visit article]
  7. Elizabeth Warren compares cryptocurrency to snake oil (28/07/2021 - Seeking Alpha)

    [visit article]
  8. Capitol Report: ‘Crypto congressman’ Warren Davidson sees momentum building for pro-bitcoin legislation (25/06/2021 - Market Watch)
    Rep. Warren Davidson has a such a stellar reputation among crypto enthusiasts for his work promoting laws to nurture America's burgeoning blockchain industry that Bitcoin Magazine dubbed him the "Crypto Congressman" --- though to hear him tell it, he hasn't exactly had a lot of competition.
    [visit article]
  9. Elizabeth Warren seeks to ban Fed bank leaders from trading stocks - WSJ (16/09/2021 - Seeking Alpha)

    [visit article]
  10. Key Words: Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk (15/09/2021 - Market Watch)
    Sen. Elizabeth Warren on Tuesday called for the Federal Reserve to break up Wells Fargo & Co., saying the bank continues to harm consumers.
    [visit article]
  11. Elizabeth Warren asks Fed to end Wells Fargo's key operating license: NY Times (14/09/2021 - Seeking Alpha)

    [visit article]
  12. Crypto cex vs stock exchanges during crashes (09/04/2021 - Reddit Stock Market)
    I know that some crypto centralized exchanges (except of course, super-regulated Coinbase) use auto-deleveraging and insurance funds to control huge downturns and crashes. Auto-leveraging has been an unwelcome surprise for some short whales when the market goes south. I was googling to see if the stock exchanges use auto-leveraging, and couldn't find any references. I am guessing they dont need it as they have limited daylight trading hours, trading halts, plenty of insurance, and government monetary/regulatory intervention. I'm not well versed in the inner workings of the stock market so if I am missing some points, I would appreciate some thoughts.   submitted by   /u/Deepfriedtire [link]   [comments]
    [visit article]
  13. Bitcoin Alert! Govt says crypto gains taxable as income, GST applicable on services by crypto exchanges (28/03/2021 - Financial Express)
    There is no data maintained by the government on crypto earnings as there is no provision in the IT return to capture data on such earnings.
    [visit article]
  14. Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem (14/04/2021 - Financial Express)
    The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012 by Brian Armstrong.
    [visit article]
  15. Elizabeth Warren urges Janet Yellen to boost oversight of big asset managers (24/03/2021 - Seeking Alpha)

    [visit article]
  16. : Sen. Warren: Robinhood ‘buried’ information on consumer rights in runup to GameStop saga (17/02/2021 - Market Watch)
    Sen. Elizabeth Warren denounced online broker Robinhood's practices for disclosing its customer rights in a statement Wednesday, while calling on the Securities and Exchange Commission to ban the practice of requiring new brokerage customers to forfeit their right to sue the company in court.
    [visit article]
  17. Hedge fund meltdown: Elizabeth Warren suggests regulators should've seen it coming (31/03/2021 - Reddit Stock Market)
      submitted by   /u/pdxgod [link]   [comments]
    [visit article]
  18. Do you believe the crypto market needs to be regulated? (04/05/2021 - Reddit Stock Market)
    This is such a difficult question and it’d also be very difficult to regulate or even moderate any forms of illegal activity in the crypto market. One of the very few reasons why COIN IPO was approved in the first place was so that SEC can have greater access to the crypto market in attempts to regulate some of the trading activities. They want their hands on anything that’s considered to be a high-valued lucrative asset and why wouldn’t they? But I would imagine trying to set rules in a place that’s complete out of their jurisdiction isn’t easy to do or even possible at all besides banning the trading of crypto XYZ on exchanges. Some cryptos that I assume SEC wants off their list are cryptos that possess attributes of DOGE and FULLSEND. Both of currency have no utility values besides sticking up a middle finger to the stock/bond market. Gunk that’s currently worth 60B isn’t probably something that SEC finds appealing nor acceptable when they ransack the entire NYSE, NASDAQ, OTCQX, OTCQB and PINK market every second to find any misinformation that brings a stock up 30% in value ensuing criminal charges. Engaging in the trading of DOGE is pretty much playing hot potato at this point and it’s a surety that there’s some level of manipulation that’s led to the current prices because obviously, the fundamentals don’t justify it. When GME was scrutinized so heavily with countless circuit breakers, shutting DOGE down is a no brainer to protect the average clueless investor.   submitted by   /u/water_boat [link]   [comments]
    [visit article]
  19. Outside the Box: After 10 years, here’s how the CFPB has fared in protecting consumers (20/07/2021 - Market Watch)
    Elizabeth Warren wants more focus on overdraft fees and predatory auto lending.
    [visit article]
  20. Key Words: ‘Go out and buy yourself some gold’ if Warren’s wealth tax passes, says billionaire Leon Cooperman (03/03/2021 - Market Watch)
    If Sen. Elizabeth Warren's proposed wealth tax on fortunes worth more than $50 million becomes law, rich people will be looking for ways to hid their wealth, billionaire investor Leon Cooperman says.
    [visit article]
  21. Tax on high frequency trading. HFT (01/05/2021 - Reddit Stocks)
    What Biden, Elizabeth Warren, Bernie Sanders, Stenny Hoyer and all the other Democrats need to put together is a tax on High frequency trading HFT instead of capital gains tax. They should not be going after the small investor or the person who is putting money into their retirement accounts. Instead they need to go after the high frequency traders who are screwing the individual investor who does not have the opportunity to trade in and out of a stock multiple times a day or week. The HFT trader is the guy who is also the short that is causing your stock to be ground into the dirt. I would not be objectionable to a One cent tax per share on all transactions. As Elizabeth Warren kept saying. How about you millionaires and billionaires just giving us an extra .01 cent more in taxes. You can bet that the Democrat investor/backers would not be in favor of this because of what it would cost them. But to the average investor it would not cost anything other than to ensure that the stock market was better regulated. The federal government could raise billions of dollars with this type of tax on the high frequency traders.   submitted by   /u/KCGuy59 [link]   [comments]
    [visit article]
  22. : ‘It’s time to go big’: Elizabeth Warren makes aggressive push for student-debt cancellation (14/04/2021 - Market Watch)
    'How equitable is it to ask taxpayers who haven't gone to college to pay for those who have gone to college?'
    [visit article]
  23. Outside the Box: We should tax billionaires’ wealth to help pay for pandemic recovery (01/03/2021 - Market Watch)
    Elizabeth Warren's bill would levy a small tax on billionaire fortunes. It could raise billions for recovery—and help protect our democracy.
    [visit article]
  24. Breaking down banks vs crypto exchanges: What latest salvo by lenders mean for red-hot sector, its users (24/05/2021 - Financial Express)
    In April 2018, RBI had banned banks from supporting crypto transactions after cases of fraud through virtual currencies were reported. However, the Supreme Court had struck down the ban in March 2020.
    [visit article]
  25. South Korea May Shut Down All Crypto Exchanges (26/04/2021 - Investing.com)

    [visit article]
  26. The Fed: Sherrod Brown and Elizabeth Warren blast Powell for being too easy on the biggest banks (15/07/2021 - Market Watch)
    Leading Senate Democrats on Thursday criticized Fed Chairman Jerome Powell's record as a bank regulator.
    [visit article]
  27. UK Bank Bans Binance and Kraken Crypto Exchanges (20/06/2021 - Investing.com)

    [visit article]
  28. Key Words: Elizabeth Warren suggests Jeff Bezos is going to space at taxpayers’ expense: ‘He’s laughing at every person in America who actually paid taxes’ (11/06/2021 - Market Watch)
    "Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
    [visit article]
  29. Key Words: Elizabeth Warren suggests Jeff Bezos is going to space at taxpayers’ expense: ‘He’s laughing at every person in America who actually paid taxes’ (11/06/2021 - Market Watch)
    "Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
    [visit article]
  30. A UK-Based Digital Bank Suspends All Payments To Crypto Exchanges (30/05/2021 - Investing.com)

    [visit article]
  31. 60+ South Korean crypto exchanges set to suspend operations next week: Reuters (17/09/2021 - Seeking Alpha)

    [visit article]
  32. : How Queen Elizabeth II stands to reap billions from big oil’s sustainability push (08/02/2021 - Market Watch)
    Queen Elizabeth II will be a major, if unlikely, beneficiary of big oil’s latest push to diversify toward a more sustainable future.
    [visit article]
  33. Key Words: Elizabeth Warren blasts Wells Fargo for ending personal lines of credit — here’s why that decision could your hurt credit score (09/07/2021 - Market Watch)
    'Wells Fargo needs to make this right,' the senator tweeted.
    [visit article]
  34. The Wall Street Journal: DarkSide, hacking group linked to the Colonial pipeline attack, says it is shutting down (14/05/2021 - Market Watch)
    The criminal group linked to a cyberattack that disrupted gasoline delivery across parts of the southeastern U.S. this week has told hacking associates that it is shutting down, according to security research firms.
    [visit article]
  35. Crypto: A 29-year old crypto billionaire has Goldman, CME Group in his crosshairs as his exchanges aims to surpass Coinbase (14/07/2021 - Market Watch)
    Sam Bankman-Fried, which owns one of the fastest-growing digital-exchange platforms in the world, says he wants to overtake Binance and Coinbase Global, the No. 1 and 2 largest cryto platforms in the world. Then he might buy Goldman Sachs or the CME Group.
    [visit article]
  36. Wells Fargo tells customers it’s shuttering all personal lines of credit (08/07/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/07/08/wells-fargo-is-shutting-down-all-personal-line-of-credit-accounts-.html ​ Can't wrap my head around this. They can borrow at near 0% rates and lend it out for much higher. What reason do they have for shutting down?   submitted by   /u/SomeGuyInDeutschland [link]   [comments]
    [visit article]
  37. UK’s role as a global power: HMS Queen Elizabeth Carrier Battle Group spearheads the Indo-Pacific policies (23/07/2021 - Financial Express)
    In his foreword to the Policy document, the UK Prime Minister had also laid out an ambitious sailing plan for a Carrier Battle Group based Task Force under the Flagship HMS Queen Elizabeth.
    [visit article]
  38. Does offering more shares mean the stock is gonna dip? (10/03/2021 - Reddit Stock Market)
    ​ This is a company Id like to hold long term as it pays a nice dividend and I see a high potential for growth. They hold crypto assets from all the major crypto exchanges. I'm betting that the coinbase IPO pumps all crypto related stocks. I own a little of silvergate now and I'm wondering if this news will cause the stock to drop temporarily. I know this happened with microstrategy (MSTR) recently. If I understand this correctly the shares are being diluted so I'm wondering whether it makes sense to sell now and rebuy at a future date. https://www.marketwatch.com/story/digital-currency-exchange-operator-silvergate-capital-plans-300-public-stock-offering-2021-03-09   submitted by   /u/MilitaryAttractions [link]   [comments]
    [visit article]
  39. The Wall Street Journal: Theranos founder Elizabeth Holmes makes first courtroom appearance in over a year (05/05/2021 - Market Watch)
    Theranos Inc. founder Elizabeth Holmes appeared in a federal courtroom in San Jose, Calif., Tuesday for the first time in more than a year, attending arguments between her lawyers and prosecutors over what evidence jurors can hear at her approaching criminal fraud trial.
    [visit article]
  40. Startups, exchanges haunted again by fear of likely crypto ban; suggest steps to protect investors (16/03/2021 - Financial Express)
    Bitcoin had dropped to $53,834 on Tuesday morning from the $61,000 mark in the wee hours of Sunday. The cryptocurrency was trading at $55,657 on Tuesday afternoon.
    [visit article]
  41. The Wall Street Journal: Theranos founder Elizabeth Holmes pregnant, delaying criminal trial (13/03/2021 - Market Watch)
    Theranos founder Elizabeth Holmes’s criminal trial is being delayed again after her lawyers and prosecutors revealed in a Friday court filing that she is pregnant and due to give birth in July.
    [visit article]
  42. How does crypto tracking work? (16/04/2021 - Reddit Stock Market)
    I'm new to crypto and have been reading as much as possible about it, but this doesn't make sense to me. From what I understand, one of the benefits of crypto is that it's transparent and tracable. Yes, I can look up any transaction I want, but how do I know who it belongs to? The transactions are completely anonymous, so I'm not understanding how this is beneficial. For example, if someone was using crypto for nefarious means, how would anyone track that back to the source? How would we know if a politician was the one doing shady stuff with crypto? How would we know if it was a billionaire using crypto to manipulate the market? Thanks in advance for replying to this. And I'm a huge nerd, so if you have any books or resources that dive into this, I'd appreciate it.   submitted by   /u/mstzbootman [link]   [comments]
    [visit article]
  43. NewsWatch: Bitcoin prices tumble 50% from peak and Mark Cuban calls the crypto crash the ‘great unwind’ (23/05/2021 - Market Watch)
    Bitcoin prices on Sunday afternoon are in free fall anew, with the world's No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector.
    [visit article]
  44. Cryptos: Bitcoin prices tumble 50% from peak and Mark Cuban calls the crypto crash the ‘great unwind’ (23/05/2021 - Market Watch)
    Bitcoin prices on Sunday midday are in free fall anew, with the world's No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector.
    [visit article]
  45. Question: Stocks on 2 different exchanges how are the prices related? (08/04/2021 - Reddit Stock Market)
    So I tried asking on r/stocks but I don’t think I worded my question correctly so I’m trying again. If there is a stock listed on 2 different exchanges, in this case I’m looking at RNSFF and ROE (they are both the same company), there is often a significant gap between the two of them (one was at +4% and the other was at +0%). My question is how are the values priced between the two? A lot of people mentioned arbitrage and arbitrageurs but I want to know, NOT taking arbitrage into account, is there some mechanism that keeps the stocks values equivalent to each other? I’m NOT talking about arbitrage. I’m wondering if the way the stocks are actually priced (how the system comes up with the $ amount value for the stocks) is synchronized in any way? So does the value shown for the stock on the TSX have any correlation with the stock on the NASDAQ? So like if the stock on the TSX goes up +5% and the stock stays the same price on the NASDAQ at +0% do the two exchanges end up averaging out the value somehow or are they completely separate systems which aren’t linked at all? Common sense would dictate that if a share on one exchange was going for $5 and it was going for $2 on the other and both exchanges had the same number of shares then it would average out at $3.50. Maybe a bit lower if one of them is Canadian. And then at some point it would be updated to that amount on both exchanges. Is that the case though? So do different exchanges that have listings for the same company somehow balance numbers between the two of them and talk to each other? Right now people are telling me that without arbitrageurs there is no system in place to keep the shares equally priced. Is that true? And they could theoretically drift apart infinitely? Or is that false? And the two exchanges will average out the price per share based on the share price on both exchanges and the share count between the two of them?   submitted by   /u/TheSqueezeHasSquozen [link]   [comments]
    [visit article]
  46. LRC can make everyone Rich! (02/05/2021 - Reddit Stock Market)
    Loopring is an Layer-2 scaling protocol. It allows for building high-throughput, low-cost, non-custodial AMMs, orderbook exchanges, and payment applications on Ethereum by leveraging Zero-Knowledge Proofs. LOW COST Loopring performs most operations, including trade and transfer settlement, off of blockchain. This dramatically reduces gas consumption and overall transaction cost to small fractions of comparable on-chain cost. HIGH THROUGHPUT Loopring powers highly scalable decentralized exchanges and payments by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of crypto is no longer the bottleneck.   submitted by   /u/Ballerjoe_612 [link]   [comments]
    [visit article]
  47. Bitwise CIO calls for cooperative crypto regulation, says Bitcoin drop was one-off event (08/09/2021 - Seeking Alpha)

    [visit article]
  48. If Sen. Warren thinks it a good thing for the FED leaders to not trade stock, shouldn’t it be the same for congress and executive branch? (16/09/2021 - Reddit Stock Market)
    1:09p ET 9/16/2021 - Benzinga Sen. Elizabeth Warren Asks Federal Reserve To Ban Its Leaders From Trading Stocks Mentioned: AAPL AMZN BABA CVX GE Sen. Elizabeth Warren (D-MA) has called on the 12 regional presidents of the Federal Reserve System to enact new rules to prevent their leaders from individual stock trading. What Happened: Warren, who is the chairwoman of the Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy, made her request following news reports that Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren actively traded stocks and other investments during 2020. The Wall Street Journal reported Kaplan made multiple stock trades of more than $1 million each involving shares of Apple Inc (NASDAQ: AAPL), Alibaba Group Holding Ltd. -ADR (NYSE: BABA), Amazon.com, Inc. (NASDAQ: AMZN), Chevron Corporation (NYSE: CVX) and General Electric Company (NYSE: GE), while Rosengren focused his trades on real estate-related securities. Warren pointed out that although Kaplan and Rosengren pledged to sell their individual stock holdings and no longer trade individual stocks, their actions created conflicts of interest and potential self-dealing. 'This controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public interest,' Warren stated. 'Regional Fed leaders must ban the ownership and trading of individual stocks by senior officials, and impose strong and enforceable ethics and financial conflicts of interest rules for themselves and their staff to restore public trust.' Related Link: Sen. Elizabeth Warren Asks Federal Reserve To Break Up Wells Fargo What Else Happened: Warren also raised attention to her proposed Anti-Corruption and Public Integrity Act, which she said was designed to strengthen conflict of interest and recusal requirements of government officials by banning individual stock ownership by members of Congress, senior congressional staff, federal judges, members of the presidential cabinet, White House staff and other senior agency officials while they are in office. Warren's legislation also included provisions to prevent federal government officials from holding or trading stock in companies that could influence their agency, department or actions. It also requires senior government officials and White House staff to divest from privately owned assets that could present conflicts, including large companies and commercial real estate. Warren introduced the Anti-Corruption and Public Integrity Act in 2018 without co-sponsors and was never acted upon by the Senate. She reintroduced the legislation in 2020, again without co-sponsors, and the bill was referred to the Senate Finance Committee but has yet to be brought up for consideration. Photo: Gage Skidmore / Flickr Creative Commons. © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.   submitted by   /u/Bigbandjazzdrummer [link]   [comments]
    [visit article]
  49. I don't understand the hate towards crypto (31/05/2021 - Reddit Stock Market)
    Im 29. I talk about crypto with my older cousins and relatives. Literally all of them simply ignore crypto while investing in stocks. They say they don't trust it, it's not going anywhere, blah blah blah. I hear this all over besides within my family and I genuinely do not understand it. Instead of doing research which could lead to big gains, people are simply idnorimg crypto all together. If you're in this subreddit and you're ignoring crypto, I'm genuinely curious as to why? It makes no sense to me. I've made more money in crypto than any stock I've invested in. Yes I'm new to stocks in general, but crypto has changed my life so far.   submitted by   /u/NickG8971 [link]   [comments]
    [visit article]

For more information mailto [email protected]. Disclaimer.