While FTX was in bankruptcy proceedings in Delaware, the U.S. Department of Justice announced that it had seized $450 million worth of Robinhood stock. To acquire ownership in the publicly listed Robinhood platform. Former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang launched a holding company named Emergent in
Sam Bankman-Fried’s defunct cryptocurrency exchange FTX is attempting to use the US Bankruptcy Court to reclaim possession of $450 million in Robinhood shares. Emergent Fidelity Technologies, a company headquartered in Antigua and Barbuda, is the sole owner of the 56 million brokerage shares held in the portfolio. Sam Bankman-Fried (SBF),
Robinhood Markets (HOOD) stock was downgraded from “Buy” to “Neutral” by Citi because of uncertainty surrounding the United States Securities and Exchange Commission’s (SEC) upcoming market structure proposals. Along with Citi’s cautious equity market outlook, and the effect of the collapse of FTX, a cryptocurrency trading platform, on Robinhood Markets’
Over the past few weeks, a lot of catastrophic events have taken place in the global cryptocurrency market. Also, the crypto exchange FTX fallout alarmed several big-shot companies and many people in the cryptocurrency community, and the global crypto industry faced cold selling pressure. While the crypto lending platform BlockFi
As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,
Bitcoin and Ethereum are still ranging in a confined range. Shares gained almost 4% in after-hours trading, reaching about $12. Even as Crypto winter warms up, the investment app Robinhood is still feeling the effects. The firm said on Wednesday that its revenue from cryptocurrency transactions had dropped by 12%
A new whale purchased 3.37 trillion SHIB tokens for $37.46 million. According to the Shibburn website, Shiba Inu burn rates have gone up by 443%. Shiba Inu’s enormous price spike over the previous week has propelled it into Robinhood’s top five most profitable cryptocurrencies this week. Since the beginning of
On Monday, Robinhood announced on Twitter the new addition. With today’s update, the platform now supports 19 different crypto assets. The stock and crypto trading platform, Robinhood, now supports Tezos (XTZ) and Aave (AAVE). Letting users buy, sell, and trade the tokens. On Monday, Robinhood announced on Twitter that it
There is a Change.org petition circulating to get LUNC included on Robinhood. Nearly 13,000 people responded to the tweet. Stock and cryptocurrency trading platform Robinhood conducted a twitter poll on which cryptocurrency should be added to the platform next. LUNC was requested to be included by the Terra Classic community,
QDS Land created a petition about a month ago to get LUNC listed on Robinhood. The petition now reached 5,220 signatures, as it required at least 5,000. The Terra Classic community is continuously attempting to boost the Terra Luna Classic (LUNC). Now, the community is attempting to get the LUNC
