Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.” The Digital Chamber called this as yet another instance of the regulator’s “unchecked regulatory overreach,” similar to previous ones. The SEC has previously issued Wells Notice to major…
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A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff…
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Recent figures show that over a span of 44 consecutive days, 76,179 bitcoins, worth $5.41 billion, have been moved out of Coinbase and Binance, the two leading cryptocurrency exchange and custodial firms by reserve size and total trade volume. Robinhood Bucks Trend With Bitcoin Inflows as Coinbase and Binance Face Outflows A significant volume of…
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On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s…
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Ethereum scaling solution Arbitrum has partnered up with trading app giant Robinhood to announce a new token swap integration in Robinhood’s self-custody wallet. The companies made the joint announcement yesterday at the ETHDenver conference. The new integration lets Robinhood Wallet users transact with Arbitrum. In the coming months, the two companies will provide support for…
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On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to…
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Robinhood, a significant player in the United States financial technology sector, has recorded major growth. The platform has seen a notable rise in monthly user inflow. Robinhood Monthly Deposits Surges To New Height A correspondent at CNBC, Kate Rooney, recently shared the development with the crypto community on the X (formerly Twitter) platform. The CNBC…
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Coinbase shares rose 10% today after Robinhood’s Q4 2023 earnings report yesterday said that the popular trading app made a tidy profit from its crypto trading business. Robinhood declared its transactions-based revenues in Q4 2023 rose 8% compared to the same quarter the preceding year. In a press release, the company said its increased profit-taking…
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Robinhood on Tuesday revealed that about 5% of its total crypto trading activity originates from recently introduced spot Bitcoin ETFs. The remaining 95% still stems from spot trading conducted within the platform’s crypto division. During the quarterly earnings call, CFO Jason Warnick said the platform is seeing “nice interest in the ETFs, but we think…
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Source: DALL·E To better integrate cryptocurrencies into traditional finance, Robinhood CEO Vlad Tenev announced that the platform will list the newly approved spot Bitcoin exchange-traded funds (ETFs) swiftly. According to Tenev’s recent social media post, Robinhood is excited about the Securities and Exchange Commission’s final decision approving the first Bitcoin ETFs. Robinhood as a platform…
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