The California Department of Financial Protection and Innovation (DFPI) projected that Robinhood, the major fintech firm behind the cryptocurrency and stock trading platform, will pay more than $10 million in penalties. In March 2020, the global epidemic was at its peak. Robinhood experienced operational and technological problems that prevented many
The leading trading platform, Robinhood Markets, revealed in its most recent 10-K filing that the U.S. Securities and Exchange Commission (SEC) issued an investigative subpoena regarding its crypto operations. The brokerage received a subpoena from the SEC in December, just after the crypto exchange FTX filed bankruptcy protection on November
More than $3.7 billion was traded on Robinhood’s platform for cryptocurrencies in the last month, marking a 95% increase compared to December 2022. The company saw a decline in cryptocurrency sales after a strong start to the year due to the 2022 bear market. Compared to their values at the
On Wednesday, Robinhood Markets announced that it will attempt to buy back shares. Acquired by former FTX CEO Sam Bankman-Fried, Whose 7.6% ownership in the firm is still a contentious aspect. In both Bankman-Fried’s criminal prosecution and the bankrupt exchange’s bankruptcy. On an earnings discussion with investors and analysts. CEO
This past Wednesday, the Robinhood Exchange’s Twitter account was compromised by hackers. Hacked account promoted fake PancakeSwap decentralized exchange selling crypto tokens and NFTs on Binance Smart Chain in since-deleted tweet. Aside from Twitter, all of Robinhood’s other social accounts were hacked as well. Internet detective ZackXBT provided a scan
With the announcement of the Robinhood Wallet’s release yesterday, Robinhood has officially entered the cryptocurrency wallet market. This is mobile software that allows users to trade and transfer digital assets such as cryptocurrencies and NFTs. The wallet’s other capabilities include the ability to make cryptocurrency exchanges without incurring any network
It’s about time that Robinhood started competing in the digital wallet market. The Robinhood Wallet, a mobile app for cryptocurrency exchange, transfer, and the viewing of NFT and cryptocurrency holdings, was released by the company today. According to Robinhood, over a million people have been waiting for it and will
U.S Federal prosecutors seized around $700 million in cash and assets. That was either owned by the defunct cryptocurrency exchange FTX or associated with its founder and former CEO Sam Bankman-Fried, ‘SBF.’ According to a court document filed on Friday, federal investigators in the Southern District of New York have
U.S. retail trading platform Robinhood Markets Inc. announced on January 17 that it has launched a media-focused subsidiary named Sherwood Media, LLC. The exile Robin Hood of legend is said to have spent his early years in the “Sherwood” woodland, thus the name. The new media group would report on
On Wednesday, Robinhood said it will stop accepting Bitcoin SV (BSV) and delist the cryptocurrency later this month. According to the latest Robinhood announcement, as of January 25th, the exchange will no longer support Bitcoin SV trades, purchases, or transfers. After that time, any unsold BSV in customer accounts will
