Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue
quarter Robinhood

Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue

Home » Business » Robinhood lays off quarter of its workforce amid 75% dip in digital currency revenue Robinhood Markets Inc. (NASDAQ: HOOD) has announced its second round of layoffs this year, slashing close to a quarter of its headcount. The stock and digital asset trading platform is laying off almost 800 employees at a time…

Robinhood Crypto fined $30 million by regulators
Crypto Robinhood

Robinhood Crypto fined $30 million by regulators

Robinhood Crypto, the digital currency trading arm of Robinhood Markets (NASDAQ: HOOD), has settled with the New York Department of Financial Services (NYDFS) for $30 million over allegedly violating anti-money laundering and cybersecurity regulations. “As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of…

Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News
Fined Robinhood

Robinhood Fined Again, ZB Suspends Withdrawals, Resetting Vires.Finance, ApeCoin Enters Gucci + More News

Source: AdobeStock/gguyGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________Regulation newsThe New York State Department of Financial Services (NYDFS) imposed a USD 30m fine on the crypto trading unit of online brokerage Robinhood, Robinhood Crypto LLC, for alleged violations of anti-money-laundering and…

Robinhood Enables Bitcoin Transfers For All Users
enables Robinhood

Robinhood Enables Bitcoin Transfers For All Users

Retail trading app Robinhood has enabled bitcoin transfers in and out of its app for all users, the company’s Twitter account announced Thursday.“Crypto transfers are here,” the tweet read. “You can now send and receive all listed crypto assets on Robinhood.”The tweet featured a video in which the company announced it won’t charge fees for…

Robinhood Develops Web3 Wallet To Tap Into NFT Market
Cryptocurrency Develops Robinhood

Robinhood Develops Web3 Wallet To Tap Into NFT Market

Robinhood, a financial service company specializing in stock trading, exchange-traded funds and cryptocurrency, announced its next effort to enter in the fast-growing crypto and NFT industries.The company plans to launch a customer-centric crypto wallet that offers users complete control over their digital assets like cryptocurrencies or NFTs as well as the ability to connect them…

Robinhood To Launch Its Non-Custodial Crypto Wallet This Year
Launch Robinhood

Robinhood To Launch Its Non-Custodial Crypto Wallet This Year

Although Robinhood is particularly famous for the GameStop debacle from 2021, its presence in the crypto space only became strong since the meme coin craze that started around September 2021. Today, the exchange is evolving and expanding its services after launching a crypto wallet last month and announcing the arrival of its non-custodial wallet today.…

Robinhood axes almost 1 in 10 workers as share hits all-time low
Robinhood staff

Robinhood axes almost 1 in 10 workers as share hits all-time low

“We determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency,” noted Robinhood CEO and co-founder Vlad Tenev…

Robinhood starts offering electronic foreign currency wallets
Robinhood Starts

Robinhood starts offering electronic foreign currency wallets

Robinhood (NASDAQ: HOOD), the online trading platform that shot to global fame during the Wall Street Bets saga in 2021, will officially offer digital currency wallets to 1,000 of its users. The brokerage has long offered its users the chance to buy and sell digital currencies like BSV, BTC, ETH, and DOGE but hasn’t until…

Very first 1,000 Robinhood Customers Get Crypto Wallets
first Robinhood

Very first 1,000 Robinhood Customers Get Crypto Wallets

Source: AdobeStock / KoshiroUS online trading platform Robinhood has launched a beta program for its crypto wallet, and it began to roll out the wallets to 1,000 customers from the top of its WenWallets waitlist. By March, the program is set to cover 10,000 customers before the feature is activated for the rest of the waitlist,…

Robinhood Starts TO PERMIT Bitcoin Withdrawals
Robinhood Starts

Robinhood Starts TO PERMIT Bitcoin Withdrawals

Some users can now withdraw their bitcoin from Robinhood.The feature is rolling out in phases to those on the waitlist.Robinhood said it expects to roll out the feature to 10,000 customers by March.Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a Thursday statement that some users in the WenWallets…