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Robinhood Identified as Third-Largest BTC Wallet Owner
28.8.2023
The previously unidentified large BTC wallet that sparked widespread conjecture and analysis recently was identified last week. According to wallet data from Arkham Intelligence, investing and trading platform Robinhood holds over $3 billion in Bitcoin in this single BTC wallet, placing it behind...
Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From Payment Options, Verified Scam Accounts Targeting Crypto Twitter are 'Out of Control'
28.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: SBF's Attorneys Ask for His 'Temporary Release', Bybit and OKX Exclude Sanctioned Russian Banks From...
Robinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?
25.8.2023
Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks
The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet
22.8.2023
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest...
Are Reports Linking the 11th Largest BTC Wallet to Tether a Myth? Cryptoquant Analysis Reveals Discrepancies
10.8.2023
In the wake of recent claims that Tether, the company behind leading stablecoin USDT, holds the 11th largest bitcoin (BTC) wallet, Cryptoquant, a blockchain intelligence firm, has expressed skepticism. Citing inconsistencies in onchain data, Cryptoquant has questioned the authenticity of...
Robinhood's Q2 Earnings Show 18% Decline in Crypto Trading Revenue
4.8.2023
In its Q2 2023 earnings report, Robinhood (HOOD), the online trading platform known for its crypto-friendly approach, revealed crypto trading revenue of $31 million, representing an 18% decrease from the previous quarter's $38 million.
Despite this decline, Robinhood achieved profitability...
Robinhood turns profitable in Q2, but crypto revenue declines
2.8.2023
Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline
Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2
2.8.2023
The online trading platform reported second-quarter earnings after the close on Wednesday
Gamestop to Sunset Crypto Wallet Amid Regulatory Uncertainty; Advises Users to Secure Passphrase
2.8.2023
Gamestop, the American retailer known for specializing in video game sales, has announced its intention to eliminate its iOS and Chrome Extension crypto wallets on November 1, 2023. The company cited the decision as a response to the existing “regulatory uncertainty of the crypto space.” Gamestop...
Pro-Crypto Robinhood Taps Former Barclays Executive Jordan Sinclair as CEO for UK Expansion
26.7.2023
Pro-crypto brokerage firm Robinhood has appointed former Barclays executive Jordan Sinclair to spearhead its UK expansion.
On July 18, the Financial Conduct Authority (FCA) approved Sinclair's appointment as CEO of Robinhood's UK entity, according to a register maintained by the watchdog. ...
Crypto-friendly Robinhood inches to UK with local CEO appointment
25.7.2023
Robinhood has been planning expansion into the United Kingdom since 2019 but the project has faced multiple delays
Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment
19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...
ARK Invest Bets Big on Meta Platforms and Robinhood, Reduces Coinbase Position
16.7.2023
Investment management firm ARK Invest has started accumulating Meta and Robinhood shares while selling more Coinbase shares.
On Friday, the company offloaded 478,356 Coinbase shares valued at $53 million as the crypto exchange’s stock prices reached a 52-week high....
Read More: ARK Invest Bets...
Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood
15.7.2023
Cathie Wood, the Bitcoin advocate, is actively investing in Meta Platforms (META) and Robinhood Markets (HOOD) shares
Report: Revolut to Delist Polygon, Solana, and Cardano Amidst Evolving US Regulations
3.7.2023
According to a report published on Monday, the British fintech firm Revolut plans to delist the cryptocurrency assets polygon, solana, and cardano from its U.S.-based platform. Revolut cited evolving regulations in the United States, and users will need to sell the three tokens by September 18th....
ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown
27.6.2023
Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET
Robinhood Sheds Jobs for Third Time Since April 2022: WSJ
27.6.2023
Trading platform Robinhood (HOOD) has cut 7% of its full-time staff, about 150 employees, in the third round of layoffs since April 2022
Robinhood to axe 7% of full-time staff in latest round of layoffs: Report
27.6.2023
Roughly 150 full-time employees are being laid off, according to internal company messages
Robinhood buys credit card fintech X1 for $95M
22.6.2023
In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms
Biggest Movers: ADA, ATOM Rebound on Monday, as Bulls Buy Recent Dip
12.6.2023
Cardano climbed higher to start the week, as bulls moved to buy the recent dip in price. The token dropped by over 30% over the weekend, as traders continued to react to the Robinhood delisting. Cosmos also rebounded, moving away from a one-year low. Cardano (ADA) Cardano (ADA) rebounded by nearly...