Robinhood has been fined by FINRA and the finance company will have to pay roughly $70 million in penalties. The company was fined for causing what was described as “widespread and significant” harm to customers. FINRA announced that it had fined Robinhood $57 million. And ordered the company to pay $12.6 million in damages to…
Last week, Dogecoin exploded with an 800% intraday move. On-chain data looking closely at daily active addresses, however, suggests that the pump and dump was almost entirely driven by Robinhood buyers. Here’s what this means for both sides of the coin. Dogecoin Reignites Retail Interest in Crypto After 800% Rally Dogecoin’s recent rally lived up…
Today’s biggest news isn’t about Bitcoin, but because the cryptocurrency and others trade on the platform at the center of the scandal, it is a wake up call for investors. Robinhood today halted trading of GameStop shares and other stocks, setting the internet ablaze with anger. At the same time, it should act as a…
Wheels are still turning in the US crypto industry despite the month long government shutdown. At least they are in New York anyway where crypto exchange Robinhood has just been granted a BitLicense to open up shop. Robinhood Coming to New York The commission free crypto startup that has become a huge hit with millennials…
It’s no secret that those who are heavily involved in the world’s traditional banking systems have a disdain for crypto, likely because of the many ways the relatively young technology challenges the traditional notions of banking. While offering a somewhat cliché opinion about the cryptocurrency markets, Huw van Steenis, the senior advisor to the Bank…