#Facebook reverses course on banned Robinhood trading group

#Facebook reverses course on banned Robinhood trading group

“#Facebook reverses course on banned Robinhood trading group” Facebook has reportedly shut down a popular Robinhood trading discussion group, alleging that the users had broken the site’s rules on sexual behavior. The group’s creator told Reuters that his 157,000 members were locked out of their Facebook channel on Wednesday and told that they had violated…

Read More
# Robinhood suspends instant deposits for crypto purchases over DOGE spike

# Robinhood suspends instant deposits for crypto purchases over DOGE spike

“# Robinhood suspends instant deposits for crypto purchases over DOGE spike ” Stock and cryptocurrency-trading platform Robinhood has temporarily disabled instant deposits for cryptocurrency purchases as of Jan. 29, citing “extraordinary market conditions.” Users are still able to buy cryptocurrency using settled funds that have previously been deposited, although such deposits can take up to…

Read More
#GameStop shares explode as Robinhood lifts restrictions

#GameStop shares explode as Robinhood lifts restrictions

“#GameStop shares explode as Robinhood lifts restrictions” The Reddit rally is back. GameStop’s stock price exploded once again Friday after the Robinhood app eased restrictions on trading that outraged rookie investors. The video-game retailer’s shares surged 101 percent in premarket trading to $389.50 as of 6:27 a.m. as traders on Reddit’s “WallStreetBets” forum continued to…

Read More
# Google reportedly scraps thousands of negative Robinhood reviews

# Google reportedly scraps thousands of negative Robinhood reviews

“# Google reportedly scraps thousands of negative Robinhood reviews ” Google has reportedly deleted thousands of negative reviews of Robinhood on the Google Play Store after the platform suspended trading of several skyrocketing stocks like GameStop, multiple sources claim. Financial analyst Mr. Whale reported on Jan. 28 that Google removed as many as 120,000 negative reviews…

Read More
# DeFi in the spotlight as legacy brokerages break down

# DeFi in the spotlight as legacy brokerages break down

“# DeFi in the spotlight as legacy brokerages break down ” As legacy markets roil, brokerages break down and accusations of market manipulation fly, longtime decentralized finance adherents can’t help but say “I told you so” when it comes to the need for open, unstoppable, permissionless financial architecture.  Earlier today, popular trading app Robinhood took…

Read More
# Major payments firm SIA to launch DLT-based secondary credit marketplace

# Major payments firm SIA to launch DLT-based secondary credit marketplace

“# Major payments firm SIA to launch DLT-based secondary credit marketplace ” SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Jan. 26. A spokesperson…

Read More