Tag Archives: Robinhood

SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report

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A major revamp is coming to the SEC. For many reasons, this year’s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to handle crypto. Between the two, incoming President… Continue reading SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report→

Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

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Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million. It’s a promising development for Robinhood Markets this quarter after facing plenty of challenges… Continue reading Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report→

DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions

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Crypto trading platform Robinhood has reached a $3.9 million settlement with the California Department of Justice (DOJ), following an investigation into its alleged failure to allow customers to withdraw their cryptocurrency from 2018 to 2022.  The investigation was prompted by numerous consumer complaints regarding Robinhood’s practices, particularly its handling of cryptocurrency withdrawals and trading.  Alleged… Continue reading DOJ Penalizes Robinhood $3.9 Million For Past Crypto Withdrawal Restrictions→

SOL Price Breaks Crucial $150 Level Amid Robinhood’s Solana Staking Debut In Europe

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Robinhood Crypto has announced the introduction of a Solana-staking product in Europe, accompanied by a bonus program for new customers.  This development comes as the company faces increased tensions with US regulators, which could potentially lead to legal repercussions. However, the move has propelled Solana’s (SOL) price to surpass the crucial $150 level, indicating a… Continue reading SOL Price Breaks Crucial $150 Level Amid Robinhood’s Solana Staking Debut In Europe→

Wells Notice Wallop: Robinhood Bleeds 164 Million Dogecoin In Mass Exodus

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The Shiba Inu’s reign as king of memecoins may be facing a ruff patch. Dogecoin (DOGE) prices dipped this week after news broke of the US Securities and Exchange Commission (SEC) issuing a Wells Notice to Robinhood, a popular crypto exchange. The notice, a precursor to potential enforcement action, alleges Robinhood violated multiple securities laws.… Continue reading Wells Notice Wallop: Robinhood Bleeds 164 Million Dogecoin In Mass Exodus→