Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood
Cathie Wood, the Bitcoin advocate, is actively investing in Meta Platforms (META) and Robinhood Markets (HOOD) shares. Go to Source Powered by WPeMatico
Robinhood
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Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
Roughly 150 full-time employees are being laid off, according to internal company messages. Go to Source Powered by WPeMatico
Robinhood buys credit card fintech X1 for $95M
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. Go to Source Powered by WPeMatico
What is Robinhood, and how does it work
Robinhood’s innovative trading model has opened new opportunities for beginner investors and traders. Here’s what it is and how it works. Go to Source Powered by WPeMatico
Robinhood will end support for 3 tokens named in SEC lawsuits
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. Go to Source Powered by WPeMatico
Robinhood’s Q1 crypto revenue drops 30% from the previous year
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. Go to Source Powered by WPeMatico
Robinhood returns to court to defend position in case brought by US state regulator
The Massachusetts Securities Division filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards. Go to Source Powered by WPeMatico
Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps
Robinhood Markets announced the launch of its new ‘Robinhood Connect’ service and numerous updates to its app. Go to Source Powered by WPeMatico
US state regulators announce $10M settlement with Robinhood ‘for failing investors’
The investigation looked into complaints of Robinhood’s system outages, causing users to miss out on trades while many of the platform’s services were unavailable. Go to Source Powered by WPeMatico
Hackers takeover Azuki’s Twitter account, steal over $750K in less than 30 minutes
The majority of the funds stolen were from a single wallet which had $751,321.80 USDC drained from the malicious link. Go to Source Powered by WPeMatico
