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SHANGHAI (Reuters) - China's central bank vowed on Friday to crack down on illegal activities of cryptocurrency trading, banning overseas exchanges from providing services to mainland investors via Internet.
Cryptocurrencies were back up on Thursday, after being hammered in the past week, as acceptance by mainstream companies continues.
European stocks recovered some of yesterday's losses on Tuesday morning in London, as new data from the Office for National Statistics showed the UK's public sector borrowing had seen its second highest August on record.
Cross-chain DeFi platform pNetwork has been hacked on Binance Smart Chain to the tune of approximately $12.7 million worth of Bitcoin.
Exclusive:Dave Portnoy the Barstool Sports founder lost $700K in GameStop frenzy
Barstool Sports founder Dave Portnoy blamed stock-trading app Robinhood for the roughly $700,000 he lost trading in the Gamestop stock frenzy, as Redditors’ dream of taking meme stocks “to the moon” unravels and shares in the games retailer and others went tumbling on Tuesday.
“I have officially sold all my meme stocks,” Mr Portnoy said on Twitter on Tuesday.
I have officially sold all my meme stocks. I lost 700k ish. Vlad and company should never stop people to trade pic.twitter.com/qXP1N1UFil— Dave Portnoy (@stoolpresidente) February 2, 2021
“I lost 700k ish. Vlad and company should never stop people to trade,” referring to Robinhood CEO Vlad Tenev, whose company temporarily restricted trading on 50 stocks last week amid an internal cash crush that left it unable to meet regulatory requirements.
On Sunday, Mr Tenev told Tesla’s Elon Musk on the conversation app Clubhouse that he knew the shutdown was “a bad outcome for customers,” but argued “we had no choice in this case.”