A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement. [1 / 4] Today, we’re launching Global Dollar Network (@global_dollar ) —
The fintech company Robinhood, democratized finance with commission-free trades has launched its desktop platform. The firm further introduced futures and index options trading on its mobile app, on Wednesday at HOOD Summit 2024. The firm aims to compete with the traditional brokerages. Robinhood CEO Vlad Tenev reveals that the first
The retail investing platform Robinhood announced the launch of cryptocurrency transfers for its European users. This enables the Robinhood customers to deposit and withdraw more than 20 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). Moreover, for a limited time, the platform offers
Robinhood Markets Inc. and Revolut Ltd., two prominent fintech firms, are reportedly exploring the possibility of launching their own stablecoins, as per a Bloomberg report. If they entered the stablecoin market, the companies would follow the path of other financial giants like PayPal, which introduced its PYUSD stablecoin last year.
Robinhood Crypto LLC, a subsidiary of Robinhood Markets, has reached a $3.9M settlement with California’s Justice Department. The settlement follows allegations that the platform prevented customers from crypto withdrawal from their accounts between 2018 and 2022, violating state laws. California Attorney General, Rob Bonta accused Robinhood of breaching state commodities
Investors are taking notice of Robinhood after the company named AI expert Jeff Pinner as its new CTO. The news comes as the HOOD stock has been through some rough trading as of late, falling almost 20% in the last month. The statement caused the stock price to rise more
The popular trading platform Robinhood has added additional US regions to its crypto offerings. This growth is happening when the cryptocurrency market is experiencing tremendous upheaval, which is causing some rivals to struggle. Robinhood’s move to expand its services shows how serious it is about increasing its crypto offerings and
The purchase of Pluto has been disclosed by Robinhood, a prominent player in the cryptocurrency market. Pluto is a revolutionary investment copilot powered by AI. In addition, the goal of this step is to improve the exchange’s products for individual investors by using powerful AI techniques. Therefore, consumers may now
June 10, 2024, saw major trading activity at Ark Invest, headed by Cathie Wood, including a large sell-off of Robinhood Markets Inc. (HOOD). Regardless of the cryptocurrency exchange’s purchase of Bitstamp, the company has persisted in selling off Robinhood shares. In addition, after Ark Invest’s sale of more than $7.5
Harmonic, a latest artificial intelligence protocol, was unveiled on Monday by Vlad Tenev, Robinhood’s CEO and co-founder. The new protocol seems to be an initiative by a commercial artificial intelligence research group working on Mathematical Superintelligence (MSI), as described by Tenev. Artificial intelligence and mathematical reasoning were used to create
