Congress announces hearings on stock market in light of Robinhood v. Reddit battle
Both the Senate and the House are looking into Wall Street’s market practices, especially short selling. Go to Source Powered by WPeMatico
Robinhood
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DeFi in the spotlight as legacy brokerages break down
As retail trust in the stock market comes under strain, DeFi developers champion an alternative system Go to Source Powered by WPeMatico
Rob from the poor and give to the rich? Robinhood prompts furious backlash after restricting trades
“Robinhood’s entire business model is to cater to the exact people they are now trying to f— with and scare into selling,” said Dave Portnoy. Go to Source Powered by WPeMatico
Robinhood suspends buying for GameStop following stonks going ‘to the moon’
The video game retailer had its own GME Army pushing the price of the stock to an all-time high before platforms stepped in. Go to Source Powered by WPeMatico
GameStop short squeeze highlights the power of decentralization
What do the traders on r/WallStreetBets have in common with cryptocurrency traders? Both are using technological breakthroughs to skirt processes inherent in traditional financial systems. Go to Source Powered by WPeMatico
Law Decoded: Crypto on the rise, Big Tech on notice, Dec. 11–18
The crypto industry is ending 2020 on a high note, while major social media platforms face a phalanx of lawmakers and lawsuits. Go to Source Powered by WPeMatico
Crypto-friendly trading app Robinhood faces lawsuit from securities regulators
The Commonwealth of Massachusetts plans to sue Robinhood for alleged violation of state laws and regulations not related to crypto. Go to Source Powered by WPeMatico
Hackers Donate Bitcoin From Ransomware Attacks to Charities
A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin to the hackers. Hackers Donate Bitcoin to … Read more
Robinhood cashes in on lockdown trading surge with $660M Series G funding
The stock and crypto trading app has added a further $460 million in the last closings of its new funding round. Go to Source Powered by WPeMatico
Robinhood Raises $200M in Funding Round, Now Valued at $11.2B
Robinhood has secured an additional $200M in funding in a Series G funding round, bringing its total valuation to $11.2B. Go to Source Powered by WPeMatico
