A recent poll observes the prevalence of crypto among US residents above 18 years. As technology continues to shape the future as we see it, it appears that millennials are putting their best foot forward in alignment with technological development. French company Alto Invest recently explored prevalent investment practices of persons aged 18 years and above. While most respondents expressed a desire for real estate investment, several others considered crypto a bargain for the future. Alto Invest’s findings concluded…
Tag: Robinhood
FTX Shoots Down Claims of Exploring an M&A Deal with Robinhood
FTX does not have active M&A conversations with Robinhood, FTX CEO Sam Bankman-Fried told CNBC in an emailed statement. Bankman-Fried’s disclosure came after Bloomberg reported that FTX is exploring opportunities to acquire the American crypto and stock trading platform. Bloomberg’s report cited people familiar with the matter. While Bankman-Fried claims FTX is not holding any M&A talks with Robinhood at the moment, he said, We are excited about Robinhood’s business prospects and potential ways we could partner with them, and…
17 hours ago 198
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Could Shiba Inu get listed on Robinhood in January 2022
Shiba Inu (SHIB) is a token born relatively recently, appearing on the market in August 2020. Those who created Shiba did so in the wake of another cryptocurrency having as its symbol that same dog breed: the Dogecoin (DOGE). DOGE was born seven years earlier as a mere joke, but it became a natural phenomenon in 2021. Shiba Inu immediately attracted the attention of investors, triggering decisive price hikes. Its fame has grown so much that, today, one of the…
6 months ago 506
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SEC Lodge a Complaint in Court Regarding Wash Trading by Two Robinhood Users
The Securities and Exchange Commission has filed a complaint against two Robinhood users. The complaint alleges using a wash-trading-based arbitrage scheme that utilized meme stocks, amounting to more than $700,000. Wash trading is when a trader buys and sells the security to provide misleading information to the market. It is illegal under U.S. law and is liable to a lawsuit against those involved. Wash Trading Accusations SEC accused the defendants, Suyun Gu and Yong Lee, on September 27. The two…
9 months ago 213
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Robinhood Crypto Exchange App Suffers an Abrupt Outage
Today, Robinhood announced that their platform had stopped functioning correctly, but they are working to resolve the issue as early as possible. A commission-free mobile application allows people to invest in publicly listed companies and other listed funds on U.S. exchanges. Users Face a Hard Time Due to Functionality Issues Robinhood announced the feedback and complaints from their customers about poor functionalities in the morning hours. About 61% of their customers complained about lagging and poor user interactions with Robinhood’s official website. Mobile brokerage features reported…
9 months ago 326
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Robinhood to Commence Crypto Wallets Tests Ahead of 2022 Launch
As per a recent report, Robinhood Markets announced they plan to begin testing their new crypto wallets this coming month. The company will roll out these wallets in early 2022. This way, they will allow users to move cryptos in and out of their brokerage accounts. Robinhood to Introduce New Wallet Features Robinhood, a California-based exchange company, announced on Wednesday that they would begin testing their crypto wallet in October. This wallet will allow its users to transfer funds in and out of their Robinhood…
9 months ago 294
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Robinhood Sets Publicized IPO Pricing at the Bottom of Marketed Range
Robinhood stock trading app priced its initial public offering at the low end of its estimated range. The company targets to sell about 55 million shares at that range to raise over $2.3 billion. Robinhood plans to hit the markets on Thursday. On Wednesday, Robinhood said that it would trade under the ticker HOOD. However, instead of selling the bulk of its shares to institutional investors like most IPOs, It is pricing its initial public offering up to 35% a…
11 months ago 245
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OnePlus Might be Looking Into Crypto, Shows New Survey
For some time now, OnePlus has been trending ahead of its new Nord smartphone launch. The company has recently expressed interest in venturing into crypto through a recent survey conducted regarding blockchain research. The Survey Details The China company ran a survey to receive input on what their customers had to say about cryptocurrencies. Titled 'OnePlus Block Blockchain Research,' they questioned the use of platforms like Gemini, Binance, Coinbase, and Robinhood. Just from the name of the survey, it is…
1 year ago 225
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Robinhood Raises a New $3.4B to Support Surging Consumer Demand
The trading unicorn, Robinhood, has raised $3.4 billion to its balance sheet from shareholders. The amount seems to reach this magnificent amount from a 1 billion fund support it announced on Friday. Robinhood seeks to support a flood of retail investors looking to inject their capital in individual stocks on its app. The whole decision was spurred by social media investors boosting the shares in GameStop. In its release, Robinhood said that they would build and enhance their products to give…
1 year ago 228
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