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2021-01-29


Trading platforms suspend GME trading, Crypto Community replies

trading-platforms-suspend-gme-trading-crypto-community-replies

There has been a lot of turmoil in recent days due to the huge increase in GameStop (GME) stock price caused by a group of redditors. Many trading platforms, including RobinHood have blocked buying for their users, attempting to protect Hedge Funds, and this has raised a lot of buzz in the crypto community as well.

Block.One CEO, Brendan Blumer expressed his opinion on Twitter:

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Many other prominent people in the crypto community have also discussed this, arguing how this incident could lead to additional money flowing into cryptos as well.

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Regardless of how things go with GameStop, cryptocurrencies are already gaining popularity. DogeCoin is the second highest volume coin in the 24 hours, after Bitcoin, and has gained over 500% still thanks to some redactors, while Bitcoin took off towards $37,000 thanks to Elon Musk's new status.

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