Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO

An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood … Read more

Grooming Products Firm Axe Releases Limited Edition ‘Crypto Scented’ Doge Body Spray

On Tuesday, the company that owns the brand of male grooming products, Axe, announced the launch of a dogecoin-themed and “crypto scented” body spray. The release was limited and currently, the body spray featuring the image of the cartoon Shiba Inu is no longer available to U.S. residents. ‘Much Disappointment’ — Doge-Themed Body Spray Is … Read more

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey

On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and … Read more

Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests

Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory … Read more