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Tuesday, May 24, 2022
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The financial startups bubble is bursting. Here are the fintechs that have announced cuts so far, from Robinhood to Better.
Robinhood cut 300 jobs in April, citing a slowdown in retail trading. Other financial tech companies to slash headcount include Better and Blend.
Robinhood revives plans to launch in the UK with deal to buy crypto app Ziglu
Robinhood has agreed to buy Ziglu, a British fintech app that allows users to trade bitcoin and several other cryptocurrencies.
Crooks' Paradise: The Dark Side of the NFT
NFT (Abbreviation for Non Fungible Token) has become one of the big trends of 2021. It is a certificate of ownership embedded in a blockchain on a digital asset, and allows any image, video, song or file to be turned into a commodity tha...
Gone too far? Tech earnings raise questions about market panic
Investors in stocks have balked at the Federal Reserve's aggressive pivot as it takes a stand against inflation.
Winters past: Bitcoin plunge brings back memories of 2018
Memories of 2018 are sparking fears that a repeat is playing out now after the world’s largest cryptocurrency plummeted 50 percent from its most recent high of almost $69,000 in November.
Meme stock GameStop is getting into the NFT business
Shares of GameStop soared on news that the firm is launching a non-fungible token (NFT) marketplace.
NFTs and SNL: Crypto keeps burrowing into the mainstream
It was another crazy year in the crypto world, but traders didn’t seem to mind. Millions of new investors decided to try their hand at cryptocurrencies in 2021.
Why 2021 was cryptocurrency's wildest year yet
Bitcoin hit dizzying new heights, NFTs burst onto the scene and memecoins gained ground. All in all, 2021 has been a wild ride for crypto.
Reddit files to take the company public
The self-described "front page of the internet" did not say how many shares it would offer, nor at what price.
Half a Billion in Bitcoin, Lost in the Dump
For years, a Welshman who threw away the key to his cybercurrency stash has been fighting to excavate the local landfill.
SPAC linked to Trump's social media venture surges for second day
Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media venture soared again on Friday, more than doubling in value with trading halted multiple times due to volatil...
Robinhood Trading App User Downloads Plummet 78%
According to JP Morgan analysts, huge drop in Robinhood app downloads, could lead to a dip in price of the company’s stock.
AMC Is Looking Into Accepting Dogecoin Along With Other Cryptos
The Chief Executive of AMC Entertainment, Adam Aron, posted a poll on his Twitter audience asking how his audience feel about AMC accepting the meme currency Dogecoin.
AMC Movie Theaters To Accept Bitcoin For Movie Tickets And Concessions in 2021
AMC, the US movie theater chain announced in a shareholder's call on Monday that it intends to accept Bitcoin for movie tickets and concessions in 2021.
Robinhood Stock (HOOD) Closes 7.5% Down After First Week of Trading
Despite Robinhood's success earlier this year with meme stocks like GameStop, AMC, and meme-coin Dogecoin, investors didn't seem to have interest in buying in the popular trading app.
Robinhood IPO: Why It Might Be Time to Move Your Crypto Out of Robinhood?
Robinhood revently raised close to $2 billion in IPO. The amount is not very impressive for the company that was valued at $32 prior going public. Robinhood gained popularity during the 2020 pandemic when meme stocks had blown up on soci...
Robinhood reveals new investigation hours before its IPO
Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street's powerful self-regulator, the online trading platform announced Tuesday.
Crypto Scammers Rip Off Billions as Pump-and-Dump Schemes Go Digital
You remember The Money Chant: Matthew McConaughey thumping his chest, talking fools and money before - sniff! - a little lunchtime “tootski.”
Robinhood Faces Likely AML Settlement, Says U.S. Demanded CEO's Phone Records
Robinhood Markets Inc., dogged by fines and regulatory scrutiny, revealed several new inquires from state and federal watchdogs as it seeks to sell shares in one of the year’s most anticipated public offerings.
Dogecoin Stands For 34% of Robinhood’s $88 Billion Crypto Revenue
The popular meme token, Dogecoin, has passed Bitcoin, Ethereum, and Litecoin in terms of trading volume on Robinhood, was revealed during Robinhood's IPO filing.
Elon Musk Revealed Why He Likes Dogecoin Over Other Altcoins
Tesla CEO Elon Musk continues to promote Dogecoin by asking the crypto community to submit development ideas on GitHub. When asked why he prefers DOGE to other altcoins, he gave a brief reply of:
Elon Musk has become bitcoin’s biggest influencer, like it or not
With the cryptocurrency down about 40% from its peak, some investors are unhappy with Tesla CEO’s tweets
A joke cryptocurrency has risen more than 26,000% in the last six months, outpacing nearly every other investment
Dogecoin prices continue to break new records. Here's how a meme-inspired cryptocurrency took on rivals bitcoin, ethereum, and binance coin.
Biden's Wall Street cop is putting Robinhood on notice
Gary Gensler, the newly installed chairman of the Securities and Exchange Commission, put Robinhood and Citadel Securities on notice Thursday about a potential crackdown in the Biden era.
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