The stablecoin market has experienced remarkable growth in 2024, driven by rising cryptocurrency adoption and a surge in institutional participation. All eyes are now on Ripple’s newly approved stablecoin, Ripple USD, a.k.a. RLUSD. But Ripple’s Chief Technology Officer, David Schwartz, addressed concerns over potential price anomalies for the asset as it prepares to launch. Speculative Hype Around RLUSD Unnecessary In a detailed statement on X, Schwartz explained that while...
Read More »Robinhood Recorded $119B in Crypto Notional Trading Volume This Year: Report
The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months. Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe. Robinhood Releases End of Year Report According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38...
Read More »WallStreetBets: Das ist der Short Squeeze
Vereinfacht gesagt tritt ein Short Squeeze auf, wenn viele Investoren eine Aktie leerverkaufen (gegen die Aktie wetten), aber der Aktienkurs steigt. Das Phänomen des Short Squeeze hat die Finanzwelt 2021 aufgerüttelt, als die Subreddit-Community von WallStreetBets den Aktienmarkt auf eine Weise beeinflusste, die bis dahin undenkbar schien. Aber was genau ist ein Short Squeeze, und wie wurde er zur Waffe einer Schwarmintelligenz gegen...
Read More »Crypto and Fintech Leaders Launch Global Dollar Network and USDG Stablecoin
On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be powering the stablecoin, which is compliant with the upcoming Monetary Authority of Singapore’s stablecoin...
Read More »Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe
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Read More »Robinhood: Der US-Broker, der den Aktienhandel revolutioniert
RobinHood: Das US-Start-up ermöglicht mit seiner App den kostenloses Trading und treibt damit die Digitalisierung des Börsenhanels voran. Robinhood, ein US-amerikanisches Finanzdienstleistungsunternehmen mit Sitz in Menlo Park, Kalifornien, hat sich seit seiner Gründung im Jahr 2013 zu einem bedeutenden Akteur im Aktienhandel entwickelt. Das Unternehmen hat sich zum Ziel gesetzt, den Zugang zu den Finanzmärkten zu demokratisieren und bietet eine provisionsfreie...
Read More »Robinhood Crypto Revenue Triples Amid SEC Crackdown
The popular millennial trading platform released its earnings report on May 8, beating analyst estimates. According to its first-quarter results, Robinhood reported record revenues of $618 million, up 40% year-over-year. Additionally, revenue from cryptocurrencies surged 232% to $126 million. “Transaction-based revenues increased 59% year-over-year to $329 million, primarily driven by cryptocurrencies,” the firm stated. Robinhood’s crypto revenue tripled in Q1...
Read More »JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
CoinspeakerJPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs The JPMorgan analysts believe the US SEC will establish a middle ground between security and commodity for Ethereum, thus leading to imminent approval of spot ETFs. JPMorgan: SEC’s Wells Notice to Robinhood Won’t Obstruct Approval of Spot Ethereum ETFs
Read More »SEC Slaps Robinhood With Wells Notice Over Securities Law Violations
Robinhood Markets Inc. has become the next crypto trading platform to receive a threat of legal action from the Securities and Exchange Commission (SEC), adding to the sizable list of industry giants on the agency’s hit list. In a Form 8-K filed on Saturday, the company said it received a Wells Notice from the SEC on May 4. Allegations Against Robinhood Specifically, SEC staff disclosed that they’d reached a “preliminary determination” to recommend the agency to file a...
Read More »NYSE Polls Market Participants on Round Clock Stock Trading
CoinspeakerNYSE Polls Market Participants on Round Clock Stock Trading As the NYSE conducts its survey, US regulators are closely scrutinizing an application for the establishment of a 24/7 stock exchange. NYSE Polls Market Participants on Round Clock Stock Trading
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