robinhood
The nascent financial technology industry has seen rapid growth over the last few years. Nearly all the major banks and financial services firms are either actively incubating or facilitating the development of startups and their technology in the FinTech space.
Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks. The startup’s employees began testing the new feature in recent weeks.
Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly.
Robinhood, the stock trading app, has been approved by the U.K. regulatory instances to operate as a broker. This is a part of the company’s plans to set up a shop in London.
Robinhood, the stock trading app, has achieved a Series E valuation of $7.6 billion after a successful $323 million funding round led by DST Global, Ribbit Capital, Sequoia, NEA, and Thrive Capital.
Coinbase, a cryptocurrency exchange recording over $1 million Bitcoin trading volume, experienced a few minutes site crash. Bitcoin price concurrently plunges afterward within a period of 24 hours.
After hitting its new 2019-high close to $14,000 levels on Wednesday, Bitcoin price underwent a major pullback losing nearly $1.8K in just a few hours and is currently trading around $12,200 levels.
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.
