Crypto-Friendly Robinhood Reportedly Considering Issuing A Native Stablecoin

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Robinhood, Revolut eye entry into stablecoin market Report

Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.

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New Web3 wallet rolls out decentralized crypto inheritance

DeTrust Wallet will enable the creation of complex inheritance plans, including designated spending funds.

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US losing edge in crypto due to SECs scorched earth tactics, Robinhood exec says

Robinhood’s Chief Legal Officer Daniel Gallagher criticized the US Securities and Exchange Commission’s (SEC) approach to crypto regulation in written testimony submitted for a Sept. 18 hearing before the House Financial Services Subcommittee on Digital Assets. Gallagher detailed Robinhood’s efforts to comply with SEC regulations, citing over a dozen meetings and calls over 18 months. […]

The post US losing edge in crypto due to SEC’s ‘scorched earth’ tactics, Robinhood exec says appeared first on CryptoSlate.

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Robinhood Stablecoin Plans: Is A New Crypto Asset On The Horizon?

Johann Kerbrat, the General Manager of Robinhood Crypto, has raised eyebrows in the crypto space after hinting that the firm may consider launching its own stablecoin. Kerbrat appeared on the Thinking Crypto podcast with Tony Edward and discussed how stablecoins are increasingly becoming a part of the crypto market. However, he did not provide any […]

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1Password patches flaw in Mac version that could have created attack vector

The flaw consisted of missing interprocess validations, which could have allowed an attacker to hijack the 1Password browser extension or command line interface.

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Robinhood (HOOD) Sees Record Revenues and Subscriber Growth in Q2 2024

Robinhood Markets, Inc. reported Q2 2024 financial results, showcasing record revenues, increased net deposits, and significant subscriber growth. (Read More)

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Robinhood says its 24-hour trading currently operating

Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.

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Robinhood Wallet has added support for Solana

Robinhood Wallet now supports Solana tokens, with the self-custody wallet available on iOS and Android. Solana price rose slightly after the news. The Robinhood Wallet, a self-custody wallet app available on iOS and Android, has added support for Solana (SOL). Robinhood announced the big news on August 27, providing a positive flip in Solana sentiment […]

The post Robinhood Wallet has added support for Solana appeared first on CoinJournal.

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Robinhood Markets, Inc. Reveals July 2024 Operating Metrics

Robinhood Markets, Inc. (NASDAQ: HOOD) reports July 2024 operating data, highlighting growth in funded customers, assets under custody, and trading volumes. (Read More)

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Robinhood Appoints AI Expert Jeff Pinner as New CTO

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Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinhos Promotion

On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messis endorsement of the project. Related Reading: Can Solana Hit $160? SOLs Resilience Sparks Rally Optimism Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football players Instagram account shared an image of Messi with the projects logo and a link to its Instagram page. Following the post, the memecoin surged over 350%, going from $0.00032 to $0.0015 in a few hours. WATERs market capitalization rose by 325%, surpassing the $100 million mark. Quickly, users expressed their concerns and doubts about the posts. Many speculated that Messi was a new victim of hackers who have restlessly targeted public figures social media accounts in this cycle. Nonetheless, Messis Instagram story has not been deleted as of this writing, and no official report of a hack has been made public, suggesting that the post was authorized. Additionally, several uses pointed out the football players previous endorsement of crypto projects. In February, the Inter Miami player announced his partnership with the Real-World Assets (RWA) tokenization platform. At the time, the platforms token PLANET saw high volatility after soaring by 1,500%. Moreover, the legitimacy of Messis promotion seems to be confirmed on Tuesday morning. Earlier today, retired Brazilian sensation Ronaldinho promoted WATER on his Instagram account. The post has the same format as his former teammates story, with a picture of the football player and WATERs logo. Is WATER Another Solana-Based Scam? Regardless of the posts legitimacy, the crypto community remains concerned about the project. Many users pointed out that the team behind Watercoin is the same team responsible for another Solana-based memecoin, Beercoin (BEER). As reported by NewsBTC, BEER crashed down last month after whales started selling large sums of the token. Seemingly, team-related wallets started cashing out, which plummeted the price and fueled deep concerns about the project. Since then, BEER has seen a 95% price decline. Like Beercoin, WATER is surrounded by insider trading concerns. Crypto analytics firm Bubblemaps urged users to remain vigilant of the Solana token. Per the post, insiders control 30% of WATERs total supply. It is worth noting that WATER raised over $40 million in presale and reached a $1 billion market cap after launching last month. However, the token seemingly experienced significant insider activity, which plummeted the tokens valuation by 97%. Related Reading: Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming? Despite this, some market watchers believe WATER is starting to look solid based on its current trading activity. VikingXBT suggested that the token could double its price if it successfully flips the $0.0011 resistance level. At the time of writing, WATER trades at $0.00095, a 198% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

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Robinhood (HOOD) to Release Q2 2024 Earnings on August 7

Robinhood Markets, Inc. (NASDAQ: HOOD) will announce its Q2 2024 financial results on August 7, 2024, with an earnings call scheduled for the same day. (Read More)

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Robinhood Eyes Bitcoin Futures Launch in Europe and US

RobinhoodMarkets Inc., the popular commission-free trading platform, is making moves inexpanding its cryptocurrency offerings and geographical reach. The company has launchedits services in Hawaii, Puerto Rico, and the US Virgin Islands, whilesimultaneously exploring the possibility of introducing cryptocurrency futurestrading in both the United States and Europe.

Robinhood Expands CryptoOfferings, Eyes Futures Trading in US and Europe

Theexpansion into Hawaii comes on the heels of a regulatory change by the state'sDepartment of Commerce and Consumer Affairs, which no longer requirescryptocurrency services to obtain a money transmitter license to operate in thestate. This move has opened the door for Robinhood to tap into a marketpreviously known for its strict financial regulations.

Thanks tothis latest update, Robinhood Crypto services are available in every US state except New York. However, the process of obtaining licenses in variousadministrative regions of the United States has been lengthy, stretchingover the last six years.

Crypto trading on Robinhood is now available in Hawaii, Puerto Rico, and the US Virgin Islands pic.twitter.com/rpO4WDoLK3

Crypto Futures in the US andEurope Soon

In aparallel development, sources familiar with the matter revealed to Bloombergthat Robinhood is considering offering cryptocurrency futures in the US. andEurope in the coming months. The company reportedly plans to leverage licensesfrom itsrecent $200 million acquisition of Bitstamp Ltd., a deal expected to closein the first half of 2025.

The company increasingly focuses on cryptocurrency services in Europe, having launched astaking service just under two months ago. Currently, it is based solely onthe Solana token, but it is expected to be expanded to include additional assetsin the future.

Robinhood considering offering crypto futures in US, Europe, Bloomberg reports https://t.co/qgbfe7PzyC pic.twitter.com/QEaiAboIim

If theplans materialize, Robinhood could offer perpetual futures for Bitcoin andother digital tokens in Europe, utilizing Bitstamp's existing licenses. In the US,the company is eyeing the launch of CME-based futures for Bitcoin and Ethereum.

However, a Robinhoodrepresentative cautioned that these plans are not set in stone, stating,"We have no imminent plans to launch these offerings.

Thepotential move into crypto derivatives comes at a time when the global marketfor such products is booming. Recent data from crypto researcher CCDataindicates that in May, derivatives trading volumes reached $3.69 trillion, surpassingthe $1.58 trillion in spot trading on centralized exchanges.

Despitereceiving a Wells notice from the US Securities and Exchange Commissionearlier this year, Robinhood appears undeterred in its crypto ambitions. Thecompany has been actively broadening its cryptocurrency strategy, as evidencedby its Bitstamp acquisition and the recent obtainment of a futures brokerlicense from Marex.

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Robinhood Shuffles 2,700,000,000,000 Shiba Inu as SHIB Eyes Recovery

American trading platform Robinhood moves a whopping 2.7 trillion Shiba Inu tokens between its wallets as SHIB battles to stage…

The post Robinhood Shuffles 2,700,000,000,000 Shiba Inu as SHIB Eyes Recovery  first appeared on The Crypto Basic.

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Robinhood Expands Services to New US Territories Amid Market Upheaval

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Robinhood is now available in Hawaii and select US territories

The brokerage platform took advantage of Hawaiis recent change to money transmitter licensing to expand to the non-contiguous United States.

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Robinhood Announces Acquisition of AI-Powered Investment Firm Pluto Capital

Robinhood acquires Pluto Capital, an AI-driven investment research firm, to enhance its services, providing personalized strategies, data analytics, and real-time financial insights. (Read More)

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Robinhood Brings Shiba Inu to New Markets: Hawaii, Puerto Rico, and US Virgin Islands

Hawaii, Puerto Rico, and U.S. Virgin Islands residents can now trade Shiba Inu (SHIB) through Robinhoods trading platform. Robinhood revealed…

The post Robinhood Brings Shiba Inu to New Markets: Hawaii, Puerto Rico, and US Virgin Islands first appeared on The Crypto Basic.

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Ronaldinho Becomes Latest to Promote Solana Meme Token on Instagram

Ronaldinho is the latest soccer star to promote Water Coin on Instagram, a Solana-based meme coin Earlier this week, soccer legend Lionel Messi promoted Water Coin on his Instagram Stories The price of Water Coin rose nearly 40% to $0.0012 Water Coin claims it’s focusing on water-related issues and sustainable projects Soccer legend Ronaldinho Gaúcho […]

The post Ronaldinho Becomes Latest to Promote Solana Meme Token on Instagram appeared first on CoinJournal.

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