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Tag: portnoy
Investors with losses are encouraged to contact the firm before April 30, 2021; click here to submit trade information
LOS ANGELES, March 10, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of MoneyGram International, Inc.. (NASDAQ: MGI) investors that acquired shares between June 17, 2019 and February 22, 2021. Investors have until April 30, 2021 to seek an active role in this litigation.
Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.
It is alleged in this complaint that MoneyGram made misleading and false statements to the market. MoneyGram was utilizing XRP, the cryptocurrency associated with its Ripple partnership, which was considered as an unregistered and therefore unlawful security by the SEC. MoneyGram was likely to lose a significant revenue stream if the SEC took enforcement action against Ripple based on market development fees it received due to the partnership. MoneyGram’s revenues from these development fees was critical to its financial results. MoneyGram’s public statements were false and materially misleading throughout the class period. Investors suffered damages when the market learned the truth about MoneyGram.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 30, 2021.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
http://www.portnoylaw.com
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Barstool Media’s Dave Portnoy is accepting Bitcoin (BTC) and cryptocurrency donations for his small-business relief fund. Less than 24 hours after integration, the crypto community has responded with incredible generosity.
The Barstool Fund launched last week to raise money for small businesses impacted by the Covid-19 pandemic. At the time of writing, the Fund had raised nearly $5.3 million to help 14 businesses. More than 53,000 donors have contributed. For tax reasons, the campaign is scheduled to run until the end of the year.
A huge chunk of those donations came from the cryptocurrency community after Morgan Creek Digital set up a Bitcoin address through The Giving Block, a crypto donations company. In addition to Bitcoin, the Barstool Fund also accepts donations in Ethereum, Litecoin, Bitcoin Cash, Zcash, Basic Attention Token, Chainlink, Gemini Dollar, DAI, Storj, Amp and 0x.
Anthony Pompliano, co-founder and partner of Morgan Creek Digital, tells Cointelegraph that “at least $750,000” worth of crypto donations were made as of Friday morning:
“It is hard to track every donation coming out of the crypto community, but we know of at least $750,000 that has been donated in US dollars or crypto. The actual number is likely higher.”
“2020 has been a tough year,” Pompliano said, adding that “Bitcoin has been great to all of us though.”
He continues:
“There is no better way to end the year then with a new Bitcoin all-time high and a few donations to share the love.”
Cointelegraph reporter Helen Partz reached out to Alex Wilson, co-founder of The Giving Block, who explained how crypto donations have been incorporated into the Barstool Fund.
Users can donate crypto to the charity by visiting the Barstool Fund, clicking “contribute to the fund” and choosing the cryptocurrency option. There, they’ll have the ability to generate a wallet address and send the donation from their own wallet address. Donors will receive a tax receipt delivered to their email once the payment clears.
The Covid-19 pandemic triggered an unprecedented response from federal, state and local governments as health authorities struggled to contain the spread of the disease. Shelter-in-place orders, while intended to be temporary, have resulted in the permanent closure of hundreds of thousands of businesses.
As Pompliano noted, small businesses are responsible for roughly 50% of U.S. jobs and they “keep the American dream alive for billions of people around the world.” The economic consequences of the pandemic, insofar as it impacts small businesses, will reverberate around the world.
Congress has finally agreed on a new Covid relief package that earmarks an additional $284 billion for the Paycheck Protection Program, or PPP. However, with additional lockdowns looming, many fear that the relief measures are too little, too late, especially for hospitality businesses that have been impacted the most by strict shelter-in-place orders.
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Author: Refer to Source Cointelegraph By Sam Bourgi
Dave Portnoy has been dabbling in the crypto and Bitcoin market for a few weeks now. After being reintroduced to the cryptocurrency market by Twitter, the Barstool Sports founder and celebrity day trader has been frequenting Crypto Twitter.
It reached a point where he was introduced to the Winklevoss Twins, who co-founded the Gemini crypto exchange.
Portnoy was then visited by the twins, who convinced him to buy Bitcoin and Chainlink (LINK). According to the Barstool founder, he purchased around $200,000 worth of Bitcoin and $50,000 worth of Chainlink. The cryptocurrency market then rallied around 5% in the day after he made this purchase, with LINK especially surging.
After temporarily selling all his cryptocurrencies due to $25,000 worth of losses he incurred, Portnoy just announced that he may re-enter this nascent market.
Dave Portnoy May Soon Re-Enter Bitcoin
On August 30th, the Bitcoin newbie announced that he will soon re-enter the crypto market once he’s figured out the intricacies of the crypto market. In his words:
“For all my #Crypto friends I am studying you. I am learning the way you think, breathe, exist. And when my giganto brain has figured you out I will re enter the market and conquer you and then lead you. Until then I watch, study, observe and soak it all in.”
For all my #Crypto friends I am studying you. I am learning the way you think, breathe, exist. And when my giganto brain has figured you out I will re enter the market and conquer you and then lead you. Until then I watch, study, observe and soak it all in. pic.twitter.com/SQiEw9Xeql
— Dave Portnoy (@stoolpresidente) August 30, 2020
He previously exited the crypto market because he incurred a loss on two of three of his cryptocurrencies, Chainlink and Orchid (OXT):
“I currently own zero bitcoins. I will wait and watch. I lost 25k. Just like with the stock market it took my brain time to figure it out. I know this. The Link Marines are weak and the orchid flowers do die in the crypto world. I may or may not be done… You LINK Marines are a bunch of f**ing frauds — you guys keeping on dumping this, not pumping it.”
Focus on Chainlink
When he returns to crypto, Portnoy is expected to have a focus on Chainlink and other altcoins, not just Bitcoin.
He explained in a recent tweet that he intends on “saving” the LINK marines, who he notes need saving due to Chainlink’s recently dropping price.
Featured Image from Shutterstock Price tags: Barstool's Dave Portnoy Is Preparing to Re-Enter the Crypto Market
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Author: Refer to Source Nick Chong
On tonight’s Crypto Degenerates, Rob & Darko take on Barstool Sports’ David Portnoy’s Winklevoss-fueled entry into the spectator sport of SHITCOIN PUMPING. Full coverage of the week’s news in crypto, how to deal with Bitcoin dust, disagreement over Stablecoins and much, much more!
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Following his recent educational foray into the world of Blockchain, Barstool Sports founder Dave Portnoy now appears to be promoting crypto pump and dump schemes by shilling low-cap altcoins.
Posting a number of videos on Twitter, Portnoy stated that he had found a new altcoin “that I’m interested in,” but wouldn’t disclose which crypto it was yet. He reasoned that he didn’t want people to buy it before he did.
He later tweeted that he had diversified some of his crypto holdings into the altcoin Orchid, which he referred to as “the shitcoin OXT,” adding that Orchids “never die.”
Portnoy expressed an interest in crypto pump and dumps, noting that “it’s encouraged” and can be done “all day long.”
Satoshi Flipper, a crypto influencer known for his analysis, warned people to be “very careful” with Portnoy’s words because he “doesn’t know anything about crypto.”
The Barstool Sports founder recently posted a video of his meeting with Tyler and Cameron Winklevoss, the founders of Gemini exchange. The twins met with Portnoy in order to explain Bitcoin in a way that he would understand.
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Author: Refer to Source Cointelegraph By Felipe Erazo
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