[Aug 2, 2023 3:34 PM] Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
[Aug 2, 2023 1:30 PM] Gamestop, the American retailer known for specializing in video game sales, has announced its intention to eliminate its iOS and Chrome Extension crypto wallets on November 1, 2023. The company cited the decision as a response to the existing…
[Jul 19, 2023 11:30 AM] Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call…
[Jul 3, 2023 12:00 PM] According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will…
[Jun 27, 2023 10:38 AM] Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.
[Jun 27, 2023 7:30 AM] Approximately 150 employees of trading firm Robinhood Markets are slated to lose their jobs, according to a Wall Street Journal report on Monday. This decision, which constitutes the third round of job cuts happened within a span of slightly over a…
[Jun 27, 2023 4:04 AM] Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022.
[Jun 22, 2023 3:15 PM] In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms.
[Jun 12, 2023 9:30 AM] Cardano climbed higher to start the week, as bulls moved to buy the recent dip in price. The token dropped by over 30% over the weekend, as traders continued to react to the Robinhood delisting. Cosmos also rebounded, moving away from a one-year…
[Jun 12, 2023 7:48 AM] The trading platform recently delisted three tokens that were classified as securities in the SEC's lawsuit against Coinbase and Binance.
[Jun 11, 2023 6:00 AM] Seismic shifts have been occurring in crypto this past week, with the United States Securities and Exchange Commission (SEC) leaning remarkably further into what some call its “regulation by enforcement” approach, as the entity is now…
[Jun 11, 2023 4:24 AM] Robinhood’s innovative trading model has opened new opportunities for beginner investors and traders. Here’s what it is and how it works.
[Jun 9, 2023 3:40 PM] The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens.
[Jun 9, 2023 11:30 AM] Fintech and crypto firm Robinhood has announced the delisting of cardano (ADA), solana (SOL), and polygon (MATIC) on June 27, 2023. This development comes after the publicly-listed company revealed that it was “actively reviewing” its…
[Jun 9, 2023 9:30 AM] Solana moved towards the $20.00 mark on Friday, despite reports confirming that Robinhood was set to delist the token from its platform. In addition to solana, cardano and polygon were also removed. XRP also trended higher in today’s…
[Jun 7, 2023 3:30 PM] Robinhood is reviewing its crypto offerings after the U.S. Securities and Exchange Commission (SEC) went after major digital assets exchanges. In lawsuits against Binance and Coinbase, the regulator claims that a number of tokens listed by the…
[Jun 7, 2023 12:09 PM] With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought…
[May 11, 2023 8:22 AM] The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 2022.
[May 10, 2023 5:24 PM] The money coming in for the trading app's crypto business reached $38 million over the first quarter of 2023, down from $54 million in Q1 2022.
[May 3, 2023 2:40 PM] The Massachusetts Secretary of the Commonwealth's office filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards.
[Apr 7, 2023 2:38 AM] The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
[Apr 6, 2023 1:00 PM] The investigation looked into complaints of Robinhood’s system outages that caused users to miss out on trades while many of its services were unavailable.
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