Tagged: robinhood

March 27, 2022 @ 6:55 pm By Omar Faridi  |  

The team at Robinhood (NASDAQ:HOOD) recently noted that they are excited to share that Micky Malka is joining Robinhood Markets’ Board of Directors “effective March 23.” Vlad Tenev, CEO and Co-Founder of Robinhood, stated: “As an early investor in Robinhood, Micky has been a partner… Read More

February 24, 2022 @ 2:53 pm By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community. The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by… Read More

January 23, 2022 @ 4:31 pm By JD Alois  |  

Last May 2021, it was announced that Acorns, a digital wealth management platform, would become a publicly traded firm in a SPAC deal valued at $2.2 billion. Last week, it was announced the SPAC merger had been axed. Pioneer Merger Corp (NASDAQ: PACX), the SPAC… Read More

January 12, 2022 @ 9:55 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) has embraced the work from home (WFH) movement by making it permanent as the ongoing COVID health challenge and  new technology combine to create the perfect storm to make centralized offices superfluous. In a blog post, Robinhood said it would remain “primarily remote”… Read More

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