BlockFi Files for Bankruptcy, Sues Sam Bankman-Fried for His Robinhood Shares
Weeks after suspending withdrawals, the crypto lending firm BlockFi filed for bankruptcy on November 28
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Robinhood’s Crypto Division Fined $30 Million for Breaching Anti-money Laundering Regulations
Key takeaways: The New York State Department of Financial Services (NYDFS) has imposed a $30 million fine on Robinhood’s crypto division According to the NYDFS, Robinhood did not adequately comply with the state’s anti-money laundering and cybersecurity regulations Robinhood will also have to hire an independent consultant who will thoroughly evaluate the company’s compliance measures…
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Robinhood Lists Uniswap’s Native Token, UNI Hits Two-Month High in Response
Trading platform Robinhood announced the listing of a new cryptocurrency on Thursday. Users of the popular trading app can now trade Uniswap’s native governance and utility UNI token. The Robinhood team shared the news via Twitter.
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Robinhood Enables Users to Send and Receive Bitcoin and Other Crypto Assets
Popular trading platform Robinhood unveiled on Thursday the launch of crypto transfers. The new feature will allow Robinhood users to send and receive Bitcoin and a plethora of other supported cryptocurrencies directly on the blockchain.
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FTX Crypto Exchange is Exploring Acquisition of Robinhood, Per Bloomberg
On Monday, Bloomberg reported that the FTX cryptocurrency exchange – helmed by the 30-year-old CEO and crypto billionaire Sam Bankman-Fried – is exploring an acquisition of a popular trading app Robinhood. According to “people with knowledge of the matter,” the FTX team is discussing ways to buy Robinhood behind closed doors.
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Robinhood Launching Web3 Wallet to Streamline Access to DeFi and NFTs
Popular stock and crypto trading platform Robinhood is launching a Web3-focused digital wallet that lets users connect with decentralized finance (DeFi) and non-fungible token (NFT) products and services. With the launch of a non-custodial crypto wallet, Robinhood is entering the space currently dominated by the likes of MetaMask and Trust Wallet.
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FTX Founder Sam Bankman-Fried Buys $600M+ of Robinhood Stock
The founder and CEO of FTX cryptocurrency exchange, Sam Bankman-Fried, has bought a 7.6% stake in the popular trading platform Robinhood. According to the Securities and Exchange Commission document, the crypto billionaire acquired over 56 million shares of Robinhood on May 2.
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Robinhood’s Listing of SHIB, SOL, MATIC, and COMP Generate Considerable Market Excitement
Commission-free trading platform Robinhood today announced the listing of four popular digital assets, including Shiba Inu, Solana, Polygon, and Compound. The financial services company said in a statement that the listings come as a response to community members consistently asking about a “broader selection of cryptocurrencies.”
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Robinhood is Integrating Chainalysis’ Data and Compliance Solutions Ahead of its Crypto Wallet Rollout
Chainalsysis announced it is partnering with a commission-free online trading platform Robinhood Crypto. Chainalsys will provide its set of analytics tools to help Robinhood meet regulatory compliance standards and provide industry-leading security levels ahead of the trading app’s cryptocurrency wallet launch in early 2022.
