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“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…
“# Robinhood crypto wallet waitlist hits 1 million people ” More than 1 million people are on the waitlist for Robinhood’s long-awaited crypto wallet according to CEO Vlad Tenev Speaking to Jim Cramer during CNBC’s Disruptor 50 summit on Oct. 21, Tenev stated that was very “proud” of Robinhood’s progress in crypto, as he highlighted…
“# Stockbroker platform Public.com adds crypto trading feature ” Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers. In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app used for managing their stock…
“# Robinhood launches 24/7 phone support, crypto users included ” Popular trading app Robinhood announced Tuesday that it has launched round-the-clock phone support to better serve its ever-growing userbase, including the millions of users who’ve signed up to access cryptocurrency investments. Users of the app will now be able to speak with a live customer…
“# SEC takes action against two meme stock wash traders ” The U.S. Securities and Exchange Commission has filed a complaint against two Robinhood users over an alleged wash-trading-based arbitrage scheme that utilized meme stocks. According to a Sept. 27 complaint, defendants Suyun Gu and Yong Lee took advantage of differing trading fee schedules offered…
“# Robinhood confirms crypto wallet feature on app starting in October ” Trading app Robinhood has opened up a waitlist to test a crypto wallet for users to hold their tokens. According to a Wednesday blog post, in October Robinhood plans to start testing a digital wallet feature on its app that enables users to…
“# Robinhood users may soon be able to withdraw crypto for the first time ” Retail-trading platform Robinhood is reportedly testing a long-awaited digital wallet feature that enables users to send and receive crypto-assets such as Bitcoin (BTC). Bloomberg reported the rumor on Sept. 21, with the publication claiming to have seen screenshots of a…
“# DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature ” Retail trading platform Robinhood has rolled out a new recurring crypto investment feature for users who want to dollar cost average (DCA) into a coin. Given DOGE accounts for 62% of Robinhood’s crypto services revenue, the move could result in a steady…
“#Gary Gensler’s brewing battle with Robinhood could prove bloody” It’s no secret that Gary Gensler wants to make life miserable for the people at Robinhood, the no-commission brokerage firm that has become a sensation among the growing ranks of amateur day traders. Less known is what I’m hearing from the people at Robinhood: They are…
“# PayPal reportedly looks to take on Robinhood with stock trading ” American payments giant PayPal is reportedly exploring ways to offer stock trading after launching cryptocurrency trading services last year. PayPal is looking to buy or partner with a broker-dealer to introduce its own stock trading service to compete with rivals such as crypto-friendly…