Robinhood

The post Robinhood Will Win Against US SEC in the Ongoing Case: Says KBW Broker appeared first on Coinpedia Fintech News In a research report on Monday, KBW broker indicated that Robinhood Markets Inc. (NASDAQ: HOOD) will likely fight the United States Securities and Exchange Commission (SEC) in court and win. KBW analysts noted that Robinhood only offers trading for 15 crypto assets and will most likely continue with its services.  Meanwhile, KBW indicated that the US SEC will sue…

The post From Kraken to Robinhood: Crypto Giants Confront SEC’s Expanding Grip appeared first on Coinpedia Fintech News Recent regulatory actions by the U.S. Securities and Exchange Commission have drawn criticism not only from the common public but also from professionals. Multiple crypto exchanges and platforms have raised concerns about the SEC’s rigid behavior towards the crypto industry.  From Kraken to Coinbase and now Robinhood, the SEC’s aggressive stance has made some question whether the agency is exceeding its authority…

The post Robinhood Crypto Faces Potential SEC Enforcement Action, Maintain Firm Stance appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has send a Wells Notice to the cryptocurrency arm of the popular trading platform Robinhood, signaling a potential enforcement action by the regulatory body.  This investigation follows a series of investigative subpoenas probing various aspects of RHC’s operations, including cryptocurrency listings, custody practices, and overall platform operations. Details of SEC Alligation  On May 4th, 2024,…

Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC on May 4. Allegations Against Robinhood Specifically, SEC staff disclosed that they’d reached a “preliminary determination” to recommend the agency to file a lawsuit “alleging…

On April 30, the popular millennial trading platform Robinhood announced that its crypto Connect feature was now available on the Uniswap mobile application. It added that eligible Robinhood customers can get $10 in the USD Coin (USDC) stablecoin as a reward when they buy the equivalent amount of crypto using Robinhood Connect as a payment method on the Uniswap wallet. Robinhood Connect is now available on @Uniswap wallet! Limited time offer: Eligible Robinhood customers can get $10 of USDC as…

TL;DR Robinhood now offers Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) to New York residents, building on its crypto services in the USA. Despite a recent price drop, the meme coin has potential for a rally, bolstered by a significant increase in its burn rate and developments in its layer-2 blockchain network, Shibarium. Attention New Yorkers The American-based financial services company – Robinhood – unveiled additional cryptocurrency options for the residents of New York. It said the popular meme…

The price of Dogecoin has been experiencing a significant amount of bearish pressure in the past few days. This recent decline coincides with a general market downturn, which has seen other large-cap assets like Bitcoin and Ethereum tumble with notable losses. However, the meme coin’s price might not be down for too long, especially after a major investor executed a massive transaction off a centralized exchange. The transfer, which an on-chain data tracker flagged, has sparked speculations in the DOGE…

FTX does not have active M&A conversations with Robinhood, FTX CEO Sam Bankman-Fried told CNBC in an emailed statement. Bankman-Fried’s disclosure came after Bloomberg reported that FTX is exploring opportunities to acquire the American crypto and stock trading platform. Bloomberg’s report cited people familiar with the matter. While Bankman-Fried claims FTX is not holding any M&A talks with Robinhood at the moment, he said: We are excited about Robinhood’s business prospects and potential ways we could partner with them, and…

Shiba Inu (SHIB) is a token born relatively recently, appearing on the market in August 2020. Those who created Shiba did so in the wake of another cryptocurrency having as its symbol that same dog breed: the Dogecoin (DOGE). DOGE was born seven years earlier as a mere joke, but it became a natural phenomenon in 2021. Shiba Inu immediately attracted the attention of investors, triggering decisive price hikes. Its fame has grown so much that, today, one of the…