Tagged: robinhood

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 10, 2022 @ 7:24 pm By Omar Faridi  |  

The team at Robinhood (NASDAQ:HOOD) says they are pleased to announce Steve Quirk is joining Robinhood Markets as its Chief Brokerage Officer. Robinhood writes in a blog post that Steve Quirk will be responsible for overseeing their broker-dealers, Robinhood Financial and Robinhood Securities, “effective January… Read More

December 30, 2021 @ 7:24 pm By Omar Faridi  |  

In September of this year, the team at Robinhood (NASDAQ:HOOD) had announced that crypto wallets were coming to the platform—enabling clients to not only trade, but send and receive virtual currency via the Robinhood app. Robinhood wrote in a blog post that they’d long heard… Read More

December 22, 2021 @ 3:58 pm By Tony Zerucha  |  

There was no surprises at the top when GlobalData released the top 10 cryptocurrencies for 2021 in terms of how many social media conversations they generated through the year, up to Dec. 9. Twitter and Reddit feeds were monitored. Bitcoin generated close to 900,000 discussions… Read More

December 14, 2021 @ 5:05 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) is boosting its crypto tool kit in advance of launching its bespoke digital wallet. According to a blog post, Robinhood has acquired Cove Markets – a cross-exchange trading platform that is designed to help investors manage their crypto accounts. Robinhood says the two… Read More

December 13, 2021 @ 7:49 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has enlisted the assistance of top digital asset compliance firm Chainalysis in advance of wide release of its digital wallet. According to a statement by Chainalysis, Robinhood will be using its Know Your Transaction (KYT) and Reactor software for compliance management. Robinhood already… Read More

November 23, 2021 @ 5:06 pm By JD Alois  |  

Earlier this month Robinhood (NASDAQ:HOOD) revealed that data had been stolen from its trading platform. More specifically, a hacker obtained a list of emails for 5 million individuals, full names for around 2 million people, and personal information, including dates of birth, zip codes, and… Read More

November 19, 2021 @ 11:18 am By Tony Zerucha  |  

A review of the Securities and Exchange Commission’s (SEC) enforcement actions in this fiscal year show a growing threat posed by cryptocurrency and decentralized finance (DeFi) scammers. The year ended Sept. 30. The SEC filed 434 new enforcement actions in FY2021, and that is a… Read More

November 17, 2021 @ 3:01 pm By Tony Zerucha  |  

Neo Financial, a Canadian fintech based in Winnipeg, Man., has made great strides since its founding in the fall of 2019. This week Neo Financial received $1.6 million from the Province of Manitoba’s Industry Expansion Program to train 300 new and 32 existing employees in… Read More

November 8, 2021 @ 4:15 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) has revealed a security breach in its platform that apparently took place on November 3, 2021. An attempt at extortion took place following the theft of the information. According to a blog post, an “unauthorized third party obtained access to a limited amount… Read More

October 28, 2021 @ 3:39 pm By JD Alois  |  

Senator Pat Toomey, the ranking member on the Senate Banking Committee, has introduced legislation designed to protect payment for order flow – the legal practice where firms pay to process trades collected by broker-dealers. The practice has garnered scrutiny due to its utilization by Robinhood,… Read More

October 12, 2021 @ 8:50 am By JD Alois  |  

Robinhood Markets, Inc. (NASDAQ: HOOD) announced that it will release its third-quarter 2021 financial results on Tuesday, October 26, 2021. An earnings conference call will be held at 2:00 PM PT/5:00 PM ET on the same day. A live webcast of the call and supporting… Read More

September 22, 2021 @ 11:37 am By JD Alois  |  

Amongst all of the criticism emanating from certain policymakers regarding payment for order flow and gamification, Robinhood (NASDAQ:HOOD) continues to iterate and add new features for its growing legion of investors. Today, as has been widely rumored, Robinhood will soon offer crypto wallets to provide… Read More

September 8, 2021 @ 10:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee is scheduled to hold a meeting tomorrow (September 9th). The topics of discussion include two panels: “Reimagining Investor Protection in a Digital World: the Behavioral Design of Online Trading Platforms;” A discussion regarding competition and regulatory… Read More

August 30, 2021 @ 9:14 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a Fintech that became a public company last month, has distributed a note indicating that underwriters have exercised a portion of the share over-allotment. The customary practice allows underwriters to purchase more shares at the IPO price. Robinhood states that our of the… Read More

August 21, 2021 @ 6:32 pm By Omar Faridi  |  

The team at Blockstream, a Bitcoin-focused firm, has released its Markets Weekly Report, dated  August 20, 2021. As noted in the report from Blockstream, Bitcoin is currently on pace “to finish on the top end of this week’s range for the fifth weekly win in… Read More

August 11, 2021 @ 7:35 pm By Priyanka Pani  |  

Retail investing and trading service app Robinhood (NASDAQ:HOOD) said it would acquire Say Technologies for $140 million in an all-cash deal. Founded in 2017 by Alex Lebow, Jeff Cruttenden, Julio Fredes,  Noah Kerner, and Zachary Hascoe, Say Technologies is a technology platform that empowers shareholders… Read More

August 5, 2021 @ 4:20 pm By JD Alois  |  

It has been a volatile week in trading for shares in Robinhood (NASDAQ”HOOD). Following a tepid initial public offering, last week that saw shares drop below its IPO price of $38, shares in Robinhood rocketed higher – at one point trading above $80 a share. Today,… Read More

August 4, 2021 @ 10:12 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), recently listed on the Nasdaq, is getting some investor love as shares have jumped dramatically following a tepid initial public offering (IPO). Robinhood floated its shares on the Nasdaq at $38/share but soon sank below the IPO price. This week, it has been… Read More

August 2, 2021 @ 9:17 am By JD Alois  |  

Robinhood’s initial public offering (IPO) hit the Nasdaq last week with a bit of a thud. Shares were priced at $38 but have traded several dollars lower. As part of the public offering, Robinhood enabled a good chunk of its shares available to its customers…. Read More