Trading app Robinhood is set to be probed by top US regulatory agencies over its response to the GameStop trading frenzy. It may also have to face fines over other policy decisions….
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Trading app Robinhood is set to be probed by top US regulatory agencies over its response to the GameStop trading frenzy, as well as other policy decisions….
Continue reading on https://decrypt.co/59724/robinhood-warns-it-expects-26m-in-fines-over-wallstreetbets-gamestop-furore
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The trading platform has had its share of problems this year. But it claims lots of people still want to use its crypto app….
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Lawmakers were on the offensive, and executives flailed….
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The under-fire American trading platform Robinhood said it will provide customers “the ability to deposit and withdraw” cryptoassets and has claimed that it has no crypto holdings – despite mounting suspicion that it could be one of the mysterious dogecoin (DOGE) whales who control vast amounts of the runaway token.
In a series of tweets, Robinhood wrote:
“So much…
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Spacex and Tesla CEO Elon Musk has been trying to get to the bottom of what happened with the popular trading app Robinhood when it stopped people from buying shares of hot stocks, like Gamestop. The shares of these stocks became popular due to the Wallstreetbets movement. Elon Musk Says People Want the Truth From […]…
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The online brokerage has raised $3.4 billion in less than a week….
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The Robinhood CEO Vlad Tenev has been grilled by the hottest name in crypto – the world’s richest man and Tesla supremo Elon Musk.
In a livestream on the Clubhouse app, Musk was given the chance to ask a series of questions to Tenev, Robinhood’s under-fire boss.
Musk wasted no time getting straight to the point, asking the Robinhood boss,
“What happened last week?…
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A new letter suggests the SEC is keeping a close eye on all aspects of the Gamestop situation….
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Popular trading app Robinhood confirmed that it is now limiting crypto trading due to "extraordinary market conditions."
"Due to extraordinary market conditions, we’ve temporarily turned off Instant buying power for crypto. Customers can still use settled funds to buy crypto," Robinhood spokesperson told CNBC, adding that they’ll "keep…
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