Robinhood Markets Inc., or simply Robinhood, is a U.S.-based financial services company headquartered in Menlo Park, California. The company offers the Robinhood smartphone mobile app, which allows individuals to invest in publicly tradedcompanies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. The company makes money from interest earned on customers’ cash balances and margin lending, and by selling order flow to high frequency trading firms.
After an April 2017 fundraising, Robinhood had a $1.3 billion valuation. The Wall Street Journal reported in 2018 that the company had closed another round of financing that valued the company at $5.6 billion.
Bitcoin dominance has fallen to a three month low. This could indicate that investors are moving into riskier assets, with renewed confidence in virtual assets and a bullish outlook for the market.
With Robinhood and LibertyX, NYSDFS has approved sixteen licenses for companies in the virtual currency marketplace.
San Francisco-based fintech app provider Plaid has announced its first major acquisition. The startup allegedly spends $200M to acquire its rival company Quovo.
The traditional banking system has ‘fleeced’ their unsuspecting customers through hidden charges on most services. Robinhood has intervened to salvage the deteriorating situation.
The latest Series C funding round worth $250 million was led by popular venture capitalist Mary Meeker through her Kleiner Perkins’ growth fund.
Looking into Bitcoin for a while, global giant broker TP ICAP decided to eventually enter the crypto game. The broker announced the expansion of its services now offering Bitcoin futures trading.
Today, June 17, 2019, at 09:00 UTC, Raven Protocol went live on Binance DEX in pair with BNB and now is trading at $0.003 (0.00009 BNB) which is almost x2 from the IDO price which was 0.00005 BNB per RAVEN.
Billionaire Bitcoin cynic Warren Buffett agrees to give heed to the emerging blockchain technology. Following a $4.6 million USD bid by Tron CEO – Justin Sun to host a power lunch, along with Litecoin’s Creator – Charlie Lee as Guest Speaker.
In a twist of events, JPMorgan is looking for experts with sound Bitcoin tech for the possible development of its own blockchain networks. The company also states that Bitcoin futures are more ‘understated’ than its actual importance in the market.
Founder of Zilliqa confirmed that they are looking for more partnerships in order to widen their network and become a worthy competitor to the likes as Visa or Mastercard. They recently went into a partnership with Mindshare, a 30 billion turnover group, with whom they are working on an end-to-end reconciliation platform for the digital advertising industry.
Per the report, Facebook and dozens of its partners will unveil the Libra Association, which will be based out of Geneva, as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain.
Two blockchain startups partnered up to enable Amazon consumers use Ethereum for payments. For this to come true, CLIC Technology is collaborating with Opporty for an app-like browser extension.