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” Nifty News: Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more “ Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains. The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A…
” Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake “ Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. The news was well received by the market, with Robinhood’s (HOOD) stock price initially soaring over 30% in after hours…
” Crypto-associated stocks hammered as COIN and HOOD drop to record lows “ Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined…
” Grayscale’s GBTC and ETHE products now available on Robinhood “ Digital asset manager Grayscale has made its flagship Bitcoin (BTC) and Ether (ETH) products available on Robinhood, the popular trading app open to millions of retail users. Beginning on Friday, Robinhood users will be able to trade Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust…
” Robinhood makes significant strides in crypto business in Q1 despite falling revenue “ On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm’s net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same…
” Robinhood axes almost 1 in 10 staff members as stock hits all-time low “ Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows. In the past 30 days alone, HOOD has tanked roughly 38% to sit at $9.99…
“Robinhood Markets to cut its workforce by 9%” Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade. The company, which is reporting its quarterly results later this week, said the rapid headcount growth has led to some…
“JPMorgan, Robinhood workers admit smoking weed on the clock: survey” A major chunk of the corporate workforce could be toking up during work hours on 4/20 – including half of employees at Wall Street powerhouse JPMorgan Chase and the stock-trading app Robinhood, according to the results of a new survey. Nearly one-third of corporate professionals…
” Robinhood acquires British crypto firm Ziglu to push expansion plans “ Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu. Robinhood officially announced Tuesday that it signed a deal to acquire Ziglu, subject to regulatory approvals and other closing conditions. The firm declined…
“Dogecoin can become internet’s currency, Robinhood CEO says” The top boss at Robinhood is bullish about dogecoin’s outlook — proposing the meme token has the potential to become the “future currency of the internet” if the developers take a key step to improve its functionality. Robinhood CEO Vlad Tenev detailed the hypothetical in a lengthy…