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
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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
When Robinhood FOMO? Bitcoin Price Pulling a ‘Kodak’ Means Six Figures
If Bitcoin sees similar FOMO rallies like KODK in recent days, BTC price could quickly soar to six figures, as some analysts have previously predicted. Go to Source Powered by WPeMatico
Robinhood Postpones UK Launch ‘Indefinitely,’ Freezes Global Expansion Plans
The popular stock and crypto trading app has put its global expansion plans on hold. Go to Source Powered by WPeMatico
Class Action Alleges Visa-Acquired Co Was ‘Data Plumbing’ Venmo, Cash App & More
A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users. Go to Source Powered by WPeMatico